The Edge FinancialDaily : JCY International Bhd's share price continued to plunge on Wednesday, falling 7.25% or 7 sen to 89.5 sen. This brings its losses over the last two weeks to a staggering 40% from around the RM1.50 level.
It is clear that my initial long on JCY is still not a worst decision despite on it's cheap PE, although the EPS is heading south for last 3Q.
Apparently, my little contra losses best describe how emotions and cognitive errors influence investors and the decision-making process.
I admit that these humans flaws are consistent but avoidable through more discipline on the portfolio with a clear holding decision before the cut-loss point.
Cheers~ for better ROI @ 3Q2010
