No more sellers. Obviously one big player sell 2 big chunk and create fear. Ikan bilis follow but sell at lowest. The one who knows the value of this company is buying.
On 19/11/18 I predicted the price will come down after the AGM. My prediction came true. This is a historical fact. One one occasion it went up to 0.150sen then went down.
A gone case. Buy volume getting lower. Sell getting bigger. Guess the operator must have a very very low average price, that they can swallow 17 million volume at 12 cents and sold off down till 9.5 cents yesterday. Put this in fridge as even hope is gone.
I am not able to understand when the Orion results are positive it does not show strength in the price movement. Only time will tell. I bought this share at 0.39sen what a loss.
QR has to be announced latest by this coming Friday.... Normally good performing counter announces their QR earlier than expected but less performing one will delay until the very last minutes ! Let’s see
1.The loss in previous q is due to procedural delays in their project resulting in revenue reduction and loss. 2. Coming q is the first q after they have changed the financial calender. Begin it with a good q is very important.
The chart looks ugly but, if they can reverse it like Dnonce, coming 2 days, short term uptrend still intact.
29/11/18 is supposed to announce the quarterly results. The results will speak for itself. The management is responsible for its investments in ASAP as they said there is profit guarantee.
If one explore the terms of ASAP purchase, in the event the profit guarantee is not achieved, there is a 15m returnable from prior owners of ASAP to Orion, supposedly. (http://www.theedgemarkets.com/article/orion-ixl-expects-return-profitability-2018) 73m less the 15m gives you a 58m price tag for ASAP assuming the profit guarantee is not in place. Can ASAP deliver? Time will tell. The management is (supposedly) responsible for its investments in ASAP...yes...supposedly...again...time will tell.
Ganesan Kandasamy 29/11/18 is supposed to announce the quarterly results. The results will speak for itself. The management is responsible for its investments in ASAP as they said there is profit guarantee. 29/11/2018 00:10 29/11/2018 09:52
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 > 2018-11-26 10:57 | Report Abuse
Rinse repeat..from 9.5 to 12 only to drop back 9.5 until end of 2019.