Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

French Connection: I am 30% ahead but the shares are still a great share tip

By Clem Chambers, CEO of ADVFN

19 May 2014 12:29

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Underneath my classic value investor coat there is a contrarian value investor trying to get out. As such when I see deep value I want to buy it. Conversely when things go well I feel is time to sell.

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Comments

Libero

19 May 2014, 17:44

Dear Clem,

Well done on your massive return!

I spotted FCCN in December but, by the time I had some money to invest, my attention had gone elsewhere. In hindsight I can see it was a net net stock and I was stupid not to invest as soon as I could but nevermind. As a 22 year old with about 7 months’ experience investing I still have much to learn…

What I thought was really interesting in your article was the following line:

“When the stock comes good I now ride it till it is expensive rather than bail when it is no longer cheap.”

That’s really interesting because I know what I consider to be fair value for certain shares I’m in and always planned to sell then. Yet, having read that, I think to myself “Actually if they were undervalued when I bought, they could certainly become overvalued if I were to hold on for longer.”

Thanks for a superb article, and well done for covering a great share many people seem to have missed.

Kind regards,

Libero