Ann: emerchants signs multi-year contract with La, page-7

re: Ann: emerchants signs multi-year contract... Hardest thing for me is holding EML as the price runs before the earnings come.

I am useless at guessing the forward earnings out past 3 years for this one...I have high hopes given the business acumen that Tom displays and the previous experience he and the others involved bring....but man its hard to hold when it really does look expensive...

The thing is, CAJ looked expensive at ~20c for me, BGL looked expensive at 50c, RFL looked expensive at 24c... All of which I sold out and then rebought at later prices.

Sometimes I've realised that you have to really figure out how these businesses operate and get a really good understanding of what is possible and what is probable, rather than just sell out once you think its overvalued on a base case scenario.. It will only take EML a couple of big contracts and it will look cheap and make selling now look silly..

The obvious flip side is holding something with high expectations built in that doesn't deliver...

Ahhh sometimes holding the winners is the hardest part of this game :P