One of the stocks I purchased and kept secret is POI (secret) stock since I didn't disclose the full symbol of the stock. The stock price was $6.00 when I first purchased it in August 2024. It went down further down to $5.60 when the whole market plummeted afterward, so I purchased more. I made three posts regarding the stock in 2024 as below:
Posted on 8/9/2024: Stocks Added At The Plummet
Posted on 8/14/2024: POI (secret) Stock Is On The Rise
Posted on 11/10/2024: POI (O: unknown) Stock Performance Nov 2024
It has been just over 6 months since the first purchase. The overall stock market has been doing great better than ever before and no matter which valued stock you purchase, it seems to go up now. The economy is robust even after going through the Trump presidential election and economic change. however, I am still picky about choosing stocks because that's how much I do not trust the stock market. I only follow and purchase stocks that move according to my theory, Time Principles. The POI (secret) stock has been running up ever since and on this date, 2/15/2025 it is quoted at $10.59. The price has gone up almost 100%, technically 89% since the lowest purchase of $5.60.
<POI (secret) around $6.71>
<POI (secret) at $10.59 on 2/15/2025 >
The target is $14.00. It would be executed to sell at that price.
The secret is revealed. The POI (secret) stock is PBI, Pitney Bowes Inc. The company was founded on 4/23.1920 and is known as a postal service company and performs shipping and mailing as USPS and FedEx. Why did I choose Pitney Bowes Inc.? Is the company growing? The answer is "No". The company is not growing, but rather shrinking and losing revenue.
Why would I buy a stock like this even though its revenue is decreasing and the risk is high to keep going further down? because I do not really care about what the company is doing as much. Technically, yes, I do care enough to justify the price and verify that the market is making a mistake because, as you already know, a stock price is strongly correlated to the company's fundamentals. Warren Buffett says “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.”. However, my discovery is the movement of the price seems to follow the law of nature when the time comes. The movement seems to be found in the voting machine. It has been going according to my plan.
I will follow the stock a little further and plan to get out at $14.00.
<Price Changes Over 6 Months>
By the way, I just bought an Indian technical corp stock at $3.55 on 2/ 6/2025, and expected it to go up much higher than $20.00. This date, 2/15/2025 it is quoted at $4.37. I will follow up posting as I go.