can someone tell me the logic behind the recent increase in the share price of JSE despite extremely high PE at 91.77! i bought few shares, already with +21%. is it time to get out? can someone analyse? could this be a beartrap?
jse is in the sweet spot-expect good news for some time.There are a lot of buyers(and sellers) who really rate this share and they are not small time.I personally battle to accept that this valuation is reasonable and would be tempted to take profit if I was an owner but then there a lot of buyers out there who would disagree with me.
Just keep an eye on the volume traded on JSE, put it on a graph & you'll see it is going one way at this stage - UP! Dont sell, rather put a trailing stoploss of 15% on the share and track it, once it retraces 15% from it highest closing price, sell and lock in profits, but dont sell just because you've made 20% cause you are out of the danger zone of losing money!!!!