I bought 50 shares of WPCS at $10.50 on 9/14 which is just a day shy before the earning report. WPCS always meet the analyst estimate, therefore, I guess they might beat the estimate or at least meet it in this Q3 earning. In fact, I was right they meet the EPS of $0.16 which is just in line with analyst estimate. The shares rose to around $10.86 but I waited hoping that it would go up even more or at least go pass the $11.
After few days, the stocks plummet to below my cost price. Finally, when the share price started to crawl up again, I sell it at $10.72 on 10/1 which represents 2.1% gain in 2 weeks period. What hurts me the most is that in 2 days period (Oct. 3) they won a $10M contract for projects which make the stock price rose to over $11 and peaked at $11.20. Well, you cannot really know when good news are coming so I don't really regret it so much. As long as I still gain some profit, I'm happy with it.
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