let's see whether the price make a gap up this monday

As a long-term value investor, the advice I have received is not to listen to the news or watch market prices daily. However, I have learned over the years to ignore the one about watching prices. This is because a spike in share prices does not last long and you may miss an opportunity if you don’t watch prices daily.

A good example is Heitech Padu. The stock price went up by 22% yesterday compared to its Friday closing price. 22 % over 3 days is not a normal thing.

So the price spike interests me as it cannot be justified based on its historical performance. So is there going to be some announcement that provides a quantum leap in business performance, or it this some speculative play?

To be transparent I have some shares here carried forward from years ago. I have also had a detailed fundamental analysis of Heitech to justify my view.

A month ago, I wrote about the price spike in Heitech Padu and wondered whether it was going to be some news that would provide a quantum leap in business.

The price had jumped from about RM 1.00 per share to RM 1.15 per share. I had some  Heitech shares that I bought sometime back at about RM 1.04 per share and I told myself to exit when the price went up to RM 1.30 per share.

Unfortunately, the high price did not sustain fell to below RM 1.00 per share a week later. I figured that the price spike was just some speculative play. Then just before the Lunar New Year it spiked again to RM 1.20.

This time instead of listening to myself to hold until the price went up to RM 1.30, I thought that I better not miss this round of speculative play. So last Fri I sold it at RM 1.20 per share.

You can imagine my disappointment when the price went as high at RM 1.56 yesterday. I left RM 0.36 per share on the table. What a idiot. Can anyone offer an advise on what to do the next time?