Hmm. Luxchem is rather disappointing. Firstly, the major shareholders created first limit-up and dump at the highest. And then they reabsorbed the shares at around 0.8 which is supposed to be then the support level. But they are not satisfied. Now they are forcing selling below 0.8. It is ok that they want to get rid of contra and short term traders by forcing the price to around 0.8 but below 0.8 is really forcing the short & midterm investors to cut meat. The prospect is bright but the shareholders are too much. I have cut loss at around 0.76. Looking for re-entry when the timing is right.
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....
NicholasNWH90
1,114 posts
Posted by NicholasNWH90 > 2021-01-01 17:50 | Report Abuse
Hmm. Luxchem is rather disappointing. Firstly, the major shareholders created first limit-up and dump at the highest. And then they reabsorbed the shares at around 0.8 which is supposed to be then the support level. But they are not satisfied. Now they are forcing selling below 0.8. It is ok that they want to get rid of contra and short term traders by forcing the price to around 0.8 but below 0.8 is really forcing the short & midterm investors to cut meat. The prospect is bright but the shareholders are too much. I have cut loss at around 0.76. Looking for re-entry when the timing is right.