Lesson one, don't touch those high PE stock. Today 210 primce sucess decrease 25%, because the the annual result is only 15% growth, much below the market expectation. The PE was around 60. For a stock with high PE, there is no any safety room if the company fail to deliver. Altough the company is in a sound position the share is still very risky.
Today I also sold off a position in one stock, the stock is 10% below the pruchase price due to the new share issues. Although the compan's business looks positive, in short medium term you cannot expect the share price go up after a dillusion effect of 10%. Before make any purchase decision always check the cash position and previous capital expenditure (possibly level or working capital). If the company doesn't have enough cash they have to raise the finance one way or another, and for those company it might not be the best time to buy those shares. If really believe in their business, buy in after the share issues
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