To All Technax -ians , May all of u be blessed with good health, very good luck and may your investments always profitable. Have a very Merry Christmas and Happy New Year 2021.
My bf asked me to go on holidays with him and asked him abt TECHnax, he only said that it will be a very interesting week for this counter....and i told him that i will only go on holidays . with him if my TEchnax shares on up trend .
Read the old announcement, they are going to try to raise 150 million through private placement. If really issue at 10sen each round that'll double the number of issued shares. If you want to play this game, wait for it to drop back to 10-12 Sen then buy back in and wait for them to goreng. Pure gambling, don't need to listen to the boards sweet promises, obviously the private placement investors don't believe and are dumping as soon as they get their placement.
Prob with this stock is: you can hoot & hoot & hooooott......& never finish HOOOOTING....because there are billions of tickets hanging like a lead weight over the share price.
I believe a responsible board will prefer long term investors who buy into the company's future for the private placement. If the best they can do is people looking for a quick flip, then maybe their future isn't as rosy as what they imply in the public announcements.
sell down not only happen to this ctr only but the rest due to overall sentiment. main collector not supporting to collect high but just let it go cheaper to a certain price level.
xuxu otherwise how? They announced they are going to raise RM150 million through issuing new shares. At 10-11 sen per share, they need to issue 1.5 BILLION shares for PP or DOUBLE the existing share base. Even if they they issue 100 million each time they will need 15 rounds, each round they can tipu less and less people to help them goreng the price so PP investors are happy.
PP seller needs a buyer to throw at for higher price and the main collector at this weak mkt waiting to collect much lower price. probably price will comes to a sideway price at one point.
I believe they will eventually support around 12sen so that they can continue PP at 10-11 sen then goreng another round. If you want to play gamble, then go in at around 10-12 sen lor.
Now maybe they're throwing to true believes like Jackkin and his gang, aiya Jackkin, why don't you ask Jared Lim to give you all PP at 10% discount since you will hold until it fly to 60sen?
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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....
eyeHunter
303 posts
Posted by eyeHunter > 2020-12-21 20:03 | Report Abuse
You will be able to view the *Christmas Star* from 7:00 pm to 9:00 pm (Jupiter and Saturn will align in the night sky.)