be honest, my opinion is if there's no sellers sell their stocks at 0.06 partially/fully fulfilled the demand quantity at 0.06, its very hard for the stock price to move. Force selling means they are hodling the stock for too long so they wanted to sell them off and move on to the another target, which is more able to provide them short-term profits instead of holding a low momentum share.
people who are quickly sold their shares at 0.065 are panic selling and cut loss strategy for intraday-traders, they are discipline and they're right because the share price doesn't move once it stick at 0.06. Force selling will be at 0.06. Buyers will gain control in eventually because there's a cycle, sellers quit and whether the price move upwards or doesn't, it's really depends on how buyers are going to play the game or wait for the another report that will be announced next year
the above are based on my 3 weeks experience and learning process, faithfully. Price reversal signal has occured, momentum went back and MACD shows buy signal. If traders based on technical indicators are strong enough, price will reverse, otherwise it will be struggling between 0.06 and 0.065 like what past historical price shown
Ang Eng Keong, are you an idiot? This is a stock forum, people can share whatever they'd like to share and we are sharing our experience and knowledge, we win money from the stock market by yourself, not yours money. Please respect users here, thank.
in my opinion, 6 cents is the fair price for this stock and its a good accumulating period at this price, but no one knows when the share price will increase, either being collected until a certain quantity then distribute at a higher price/wait for the news next year, experienced new management team should be able to generate profits for this company next year because in just a short period, the company's net loss has been decreased at around 50%, be patient guys.
For me, people who are investing in this company can make an equalized/justified patience-return ratio if the company management team is able to make profit next year, the share price will increase very high because turned from 100% net losses into profits. However, if the management team doesn't perform well (no changes in net losses), the share price will remain stagnate. If the management team is making more loses, the share price automatically will go down (a cheap share price can be even cheaper when things go against it). My analysis is, 0.060 will be the support line, 0.065 will be the highest price bidded and the situation will remain until the next report comes. From the another perspective, this is an action of accumulation (power stored) in order to release them out (distribution stage) in a foreseeable future but I believe the probablity for the first case to happen is 65-70%, second is 15% and the remaining are uncertaintities. The above is based on my one month experience and knowledge, do correct me if I'm wrong.
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....
lunkl
31 posts
Posted by lunkl > 2015-12-03 09:29 | Report Abuse
be honest, my opinion is if there's no sellers sell their stocks at 0.06 partially/fully fulfilled the demand quantity at 0.06, its very hard for the stock price to move. Force selling means they are hodling the stock for too long so they wanted to sell them off and move on to the another target, which is more able to provide them short-term profits instead of holding a low momentum share.