Could be 90% of buying and selling level planted by this Dato & friendly parties and when say 50% or more buyers are innocent parties like us, they will let it go,,,,?
Just wonder how many are stuck at 17-18 cts and not willing to cut loss, before the syndicates and directors who bought so many at below 10cts unload,,,,
The rationale of the Director buying a lot recently and keep on buying is because "THE COMPANY IS NOW ON TRACK RECOVERING OF HUGE LOSS IN MANY MANY YEARS AND HOPING TO GENERATE POSITIVE PROFIT FROM THE TWO NEW SHIPS THAT BOUGHT AFTER RCN TOOK PLACE".
The purpose of RCN are as follows:
1. Reducing of company debt. 2. Generate profit thru 2 new ships.
For item no 1, by looking at current situation which RCN has been done, the company I would say has been successfully more than 60% reduce the overall company debt.
As for item no 2, I would say the company is not yet proven making profit. May be it would and if it does the profit is not marvelous at all. But still positive.
Along the way, the company has begin talk to provide logistic provider to O&G company. This is a good opportunity and would boost the share price. Any positive outcome from the discussion between Hubline ad unknown O&G woud spike the share price.
Another thing is ANNUAL REPORT. This annual report need to submit early of next year. The management should show proof and boost the investors confident by showing the share price has break 20 cent and proofig that share consolidation has successful save the company.
There are other factors and what I written here is just enough.
So, the behind of Director keep on buying is the company is on track progressing.
The time of breaking 20 cent will come. Just wait..
i am more realistic, based on my graft, resistance #1 = 0.195, resistance #2 is 0.20, support #1 is 0.15 support #2 is 0.125. RSI is 54.9% which is nice and retracement just done, let's see the show soon
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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....
sangjero
651 posts
Posted by sangjero > 2017-11-01 09:34 | Report Abuse
Wait and see.....Will Hubline be very expensive?....There must be a reason why directors keepn buying....