I think the operator is very happy and comfortable with the current state of affairs. No intention to disturb this equilibrium yet. He can continue to collect mother share at 6.5 sen(in small quantity though) while buyers will pay half a sen higher for his pocket money.
To break out of this arrangement and move higher, we need to wait for one or more of the following to appear: 1. An improved mkt sentiment/positive corporate development; 2. An improved set of operating figures(most important); 3. A change of game plan by the operator.
This is not a casino. Operator is testing our patience.
This counter has dropped lower and tested 5 sen amid a broadly weak mkt, plagued by both internal and external factors. At 5 sen per share, I would say downside is rather limited, so long as it remains a going concern(solvent) and loss within tolerable limits. For those who take a longer term view(into 2017 or beyond), this is perhaps a good time to accumulate this counter slowly for a rotational play next year when mkt sentiment improves.
By the same argument, it is probably too late to sell your shares at this miserable price now. Wait for a better time to do it. Based on past traditions, there would be a CNY rally in January. See if it happens next January. Just my opinion. Hope it helps.
Haha ! In this critical time , all the director and CEO of the penny stock just concern the company got enough money to pay their salary to support own bangalow and big car , they dun want share , just want cash , if company close they just jump to others company , Lose only u all minor share holder only ! Becarefull ! Do u believe me ? Haha ! Happy trading !
Haha ! When the price at 0.09 3 months ago , I ask u all dun believe , how many of u really listen to me ? I just ask u all to enjoy the buying process ! Now who buy at high price , feel helpless and regret ? Too late ! Happy trading !
At the depth of the price meltdown in penny stocks yesterday, it did not drop below 5 sen. At this price of 5 sen per share, I think the operator is still collecting for his next push when mkt sentiment improves next year...
anyone have any idea on this share, is there any hope on this share? i already throw all my money in this share and the average price is 0.65, hope it didnt fail me
Based on the latest quarterly result and looking at its financials, I think M3 is still worth betting on for its recovery. Strong working capital of 7x Strong net cash of rm40million translating to a net cash per share of 6 cts. Net assets per share of 10.3 cts Almost zero borrowings Launching of multiple new products/ services/improving sales in Pakistan and other countries.
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....
BuiltAsset
7 posts
Posted by BuiltAsset > 2016-09-27 09:40 | Report Abuse
tradesignum prediction....no sign of moving up yet