With or without Niis, IRIS moves on. It does not depend solely on Malaysian market as it exports globally. Neither it depends on political connections to secure contracts. Its PP resolution is now approved, the company can now issue shares as and when required. Its problematic loss making ventures from Stamford College to renewable energy had been chopped off. It is marching forward...
Looks like present gov still intact... YDPA in IJN.. More thab a week before return.. in politic, one week is like 1 year... counter crossing will happen..
Ong Kaw Kaw, why dont you sell, wait for it to drop a few more points and buy more shares back? probably will continue trend of dropping until political drama over
This company still making profits and should be able to weather political and business storms. The current level is oversold and should bounce back.....to 0.30.
obviously IB is pressing down the price to collect cheap tickets meanwhile I can average down also. One day it will goes up, especially when the got the NIIS... wahaha
Businesswise, IRIS is on good footing. It is the public confidence on the shares that is affecting the prices. Having said that, no matter how much the prices fluctuate, it does not affect company cash flow unless it pledges its shares to the bank for loans. The only thing that will affect is the private placement which is expected to happen next month.
Question: Does IRIS need NIIS to survive? Or without NIIS, will IRIS go bankrupt? Why yes or no? That will clear your mind whether to buy, hold or sell.
Based on chart strong support may occurred at 0.20 and stay means double support and the up swing will be a strong one. Will consider collect some at 0.20 to average down.
IRIS current price is just 26cts only. If you think you can't strategize becos your emotions are preoccupied with fear of free fall drop from this price, I think better you don't play stock market. Go play blow bubbles or something so that you don't get heart attack and die young... aahahahahahahahaa
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lee_m2020
4,827 posts
Posted by lee_m2020 > 2020-09-23 21:04 | Report Abuse
What is the chances of NIIS announcement?