Yes company performed badly if not it won't drop to this price. Now we should look at it as it is, the company no more burning cash though the choc business has yet to take off, besides it's net cash better than many PN17 companies .
Apparently, it is on a downtrend now. Price comes down. But volume is low, signalling few sellers at this price.
TA is used to predict price trend based on a series of 'past' prices. But it is not 100% accurate. When new factor comes into play, this trend can be altered too.
You can use FA and SA to supplement your decision making.
Ronald, imho the price more or less already factored no pay out for this year. The big q to sell is probably from one or two of the long term investors whom just decided to give up on this counter. Of course it is also possible it's a shark's job which I think unlikely cause IF it was, it was a terrible job.....
Ayeefk, agreed that TA is really helpful in deciding when to buy and sell. From my limited experience on TA, it looks like the trend changed from down to sideway in the pass 2 sessions. The next resistance at 0.235 for a uptrend breakout, any TA sifus hete can,confirm? However, whatever patterns formed in the past week or so were not definite as the volume has been really low.....
Haha ayeefk, you are right because everything is possible in share market and there are much more than meet the eyes. That's why I said unlikely which means it's possible. I just thought with the low volume they could have pushed it down and triggered a panic sell easily instead of pushing it down by half a cent/1 cent daily...... like what said IF it was, it was a lousy job....
may be sharks don't want to push down the price..because they still millions to offload...so they're selling slowly so the get better price...so u cannot call the sharks as sharks anymore because...they're now just offloading prudently...just guessing
finally calvintan from singapore is a certified conman,liar,cheater. nothing can change this fact. no cash payout. is calvintan greatest conman in i3 history? i said yes
Sharks may come in various forms and shapes. The shark that operates this counter might be a mediocre shark.
Whether it is a big or small shark, they will usually operate in a way to collect low and sell high. So, chances are that it has not collected enough to warrant any major move. Moreover, most penny stocks are in consolidation now.
Once it has collected enough, it will push up shares to offload. No reason for it to clear its stocks at lellong prices.
Just my logical thinking. This is not a buy call. Trade at your own risks.
Dont be obsess with its 138 mil cash or whatever amount. That money is not for u small investor. U only can see on paper. U cannot and will not touch it. The whole market players are not so dumb not able to see it and allow the price stay at 0.23. At 0.23 is a disgrace to the company and there must a reason for it. Again, dont be obsess with its 138 mil cash that the company has. There is other reason for it to be there just for u to see.
Why the promoter can the kind of promoter he is because of the encouragement given by the forumers. Savvy player will easily smell the motive of his excessive promoting. Dont blame him but yourself if u hv taken in his bait because of greed
Anyway, this is a small investment in my overall portfolio.
I am not worried as the share price has already factored in that. I am prepared to average down my holding price if it drops below 20 sen. I operate much the same mode as the shark via dollar cost averaging - to collect low and sell high when it is above my average cost.
So, any kind soul, please sell yours to me if you are scared.
Ha! Ha!
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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....
i3raymond
248 posts
Posted by i3raymond > 2013-12-30 10:10 | Report Abuse
Ayeefk: 天时地利人和