SKS Technologies was up by around $1.20 at one point today. This could have been my very first real-life "spiffy-pop" (I hope I'm using that correctly - haha). I'll give myself a small pat on the back but not without first reflecting on a recurring theme with any of my winners, in terms of cognitive bias. It occurred to me today while driving home, that whenever I make an initial entry with the intention of buying more, and the stock shoots up by more than 5-10% from my buy price, I almost always fail to buy more on the way up. Definitely something to work on!

I'm sharing this with the group mainly for accountability. Putting this out there helps me stay focused on my growth areas. Sticking to the basics is key: if the thesis is on track and the valuation looks appealing, pull the trigger and buy more. Don’t just get sucked into buying more of stocks that have fallen just to average down.

Hopefully, sharing these experiences will be useful to others too.

It seems the ASX isn't happy with SKS Technologies (~$30M contract & increase to CBA Banking facilities) announcement yesterday. They were suspended from quotation until further detail are provided.

Today the chairman accouned at the AGM: "At this point, we are unable to disclose the counterparty to this contract and as such, in line with ASX listing rule 17.3, until such time as this is possible, the ASX requires the Company to halt trading. Our expectation is that this information will be disclosed over the coming week when we are able to do so."

In the big scheme of things, this seems reasonable and a minior inconvenance.