This is a platform commerce stock. The cost of platform wont be high after they built it. The issue here is lambo must get more volume into their platform. Generally volume grows exponentially, promote to 1 persons. 1 person promote to 10 persons, this 10 persons promote to 100 persons. The low share price is because low biz volume, so that's why private placement aims to spend on advertisement. Since the price is low enough, I am happy to throw RM100k here @ 0.018 average cost. Almost I lost RM75 when it drops back to 0.005, but the upside is unlimited. We buy lambo potentials
The market is currently being driven by glove counters mainly by retail traders. As expected the glove bubble burst due to covid vaccine registration. Actually it should've minimal effect on e-commerce counter. Can expect LAMBO to rebound in coming days. If there's any good news from EGM, uptrend might begin earlier and higher than expected. IMO
I still have confidence in lambo, I bought my 1st batch at 0.015, now I still accumulating...Lambo is e-commence platform, not gloves ind. but was drag down by them as they tank.
EGM Info: 1. E-voucher for shareholder. They said it shared by post and by batches. 2. PP - Approve. Investor info not shared 3. CSR collaboration will be done in some time soon
Information provided by a friend who attended. Please take it a pinch of salt if not accurate.
IMO the PP is actually a good news. It means the outsider knows the potential of LAMBO. FOCUS is also doing very well beyond expectations. This alone should drive LAMBO higher. Many queuing at 4.5 cents. Strong support. It's less likely it'll go down anymore. Huge chance for uptrend.
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....
Investsucess Trader
4,761 posts
Posted by Investsucess Trader > 2020-08-17 10:50 | Report Abuse
Time for cherries picking....