Penny counters can consolidate or go into a downtrend for months, even up to a year. Then one fine day the volume will explode and price will shoot up fuelled by rumours. 5.5 sen is a good level to buy and hold until that fine day comes. There's hardly any downside. At 5.5 sen you buy cheaper than ESOS issue price and at a discount to NTA.
The previous qr results have put me right off this counter and because my fund has been stuck with this counter, I missed out some stocks as a result...I just want out la....
“You don't want to average down at 5.5 Sen? (5.5 + 11) ÷ 2 = 8.25 , can make money when it reaches 8.5!”
—> average down is not a good idea, i did that but no luck pricing still going down. So my advice is never ever do average down strategy, you feel good but what if you still stuck? You will feel so stupid. What important is cash flow, cut loss & move forward.
Does anyone have a good understanding of the strategy of this company? I know they have been trying to diversify, but don't seem to have any luck, evidenced by the disastrous QR results.
that's not what interests us, still a loss making company at the end of the day, the operating loss is horrendous...I foresee the upcoming QR to be as bad
I was silly back then for chasing high without understanding the company. Anyway, I shall stop venting my frustrations now. I of course want this company to do well so I can recover my losses and for those who managed to buy low, hope you will make profits. Cheers
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....
golshan
11 posts
Posted by golshan > 2018-07-19 10:47 | Report Abuse
maybe can try on mlab ceo !!!