Announcement today,11th Aug2020, said the 3 substantial shareholders disposeed a total of 36mil shares on 6th & 7th Aug2020 last week. 36/475= -7.58% in 2 days.
Everyone loves the quick pump, but don’t expect anyone to give you time and chance to sell at the very high first before taking the dump. Every man for himself, even the directors also got self interest what. So don’t be greedy and risk manage properly.
Irrespective of action of substantial shareholders this company is better than other penny stocks. Recent spike is clear a rare event and upcoming QR results may show some interest
You are right. If I play in pump and dump Penny stock game, we call it what it is. But at least I want a fundamentally good penny stock like this one. If I get caught, I won’t be totally dead and can hold on value
kraken Everyone loves the quick pump, but don’t expect anyone to give you time and chance to sell at the very high first before taking the dump. Every man for himself, even the directors also got self interest what. So don’t be greedy and risk manage properly. 12/08/2020 12:22 PM
Yes you are right @kraken, must manage everything properly, highs of rally and even lows of selldown... fundamentals is surely present
I read the NTA is 22 or 23 cents, I think surely that gives an idea of a base when things are well. But when sentiments turn bad, surely can break below. Must react fast to get out. Today very lucky to catch some near low today and it bounce back a bit.
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....
NoPainNoGain
1,018 posts
Posted by NoPainNoGain > 2020-08-11 06:29 | Report Abuse
Can only touch a bit 30c yesterday.
US market closed vary, but DJI rallies to close above 1% on last trading day,
hopefully today going to test 30c and break above.
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NoPainNoGain Can still see interest..
Could see another push above 30c today.
10/08/2020 9:39 AM