How to pick stock (part 14）

OYL

I bought oyl was because of its roe. The pe was moderate and I could only buy one hundred unit at that point of time.

Oyl was not a good investment for me even though it was a good stock later on privatized by daikin, japan second largest air cond company.

Lesson learned:

1. We must be patient to wait for the price to rise until the intrinsic value.
2. We must be study in depth before we made a major decision on the investment.
3. We must always be alert with the company which public share is low. It could be bought over by another company.