for short-term traders, this kind of stair-case share price isn't attractive but if you're a long-term investor, RM0.06 is the best price you can collect. Instead of asking why being so confident about this stock, RM0.06 is the fair price supported by the whole market, if people don't confident at this price level, the price has gone down to RM0.055.
For Chinese, the changing of name might indicate there's a 'new' start from the worst to become better, I might be wrong if I put this sense into this stock, btw, I'm going to the EGM on next Thursday =D
Before buying a share, no matter it belongs to a short term trading or a long term investment, one has to identify the nature of the company, the business the company is running. In a general speaking, Ingenuity Consolidated Corporation is a technology company, running those tele-com businesses, usually these kind of tech stocks are the best choices during financial downturn because they aren't affected by financial turmoil and the influence of CPO and FED interest rate. But, these tech companies share prices are too cheap, considered as penny stocks, usually they will have limited air to move their prices even though their financial results are good unless it is going to be merged, takeovers or something that makes investors be confident in the company for a long run, otherwise the share price would be remain the same and this price would be the fair price for investors to collect their shares proportions. For me, shares aren't same as warrants, to get a better move in shares would be above RM2, at least, for warrants, at least RM0.50. I'm just sharing what I gained from my experience and knowledge in 4 months of trading, correct me if I'm wrong. The reason I bought this company's share was because I were new that time (<1 month trading experience). I'd advise people not to purchase these kind of shares for the purpose of getting capital appreciation because it's really difficult.
I bough at 0.06..and keep it until today... i think it is potention as the boss now restructure all the business...like cut off all the no profit section...
keyin, I can't tell much from the questions I asked since everything should not be told. What I can say is the coming report might not be able to let thr company turns from losses to profits but net losses might be reduced again. If the share price is above 0.10, you can make your own decision whether to hold or sell then. Always remember, thr quality of a company, now the share price is 0.06, can't expect much from a penny stock since the price has been stagnate for quite some time.
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....
DreamCommander
3,446 posts
Posted by DreamCommander > 2015-12-22 16:55 | Report Abuse
Evely day 6 sen