hai loh daryl....whatever it is, the CEO and the directors knew what they are doing; without the knowledge of the minority shareholders.....be cautious!
ling family sells shares indicates no confidence over company future? or smgt good going to happen? it is a good experince. but awalys be careful.........
Bull13 - what you mean in your previous comment? Bull13 Brothers! It should move before listing of icon offshore on 26/6/14. Just a week away!! 17/06/2014 18:20
It will be interesting to see what happen next as the MD shareholding is only abt 1%.Who will emerge as the majority shareholder and what is their plan.
Does anyone know which institution/party bought this block of shares.I do not have access as I know it will be publish in The Edge which by that time is already old news.Does anyone have this info?
Disposing in big volume in the market and reducing stakes in the company by the directors is not a good sign.
But is disposing in big volume to certain parties and this company or person did do a filing to Bursa as substantial shareholders could spell change of guard or interest in the company ....................could be good news.
Thats my view and comments................others might differs.
From October 2013 to mid-February 2014, the stock of Hubline took around 4 1/2 months (18 weeks) to form a cup and handle chart pattern. (see chart above)
In the chart from mid-February 2014 till now, Hubline seems to be in the early stages of forming another cup and handle pattern. (see chart above). A cup and handle chart pattern for this stock is not surprising as this chart pattern is the most common among all the chart patterns found in the stock market.
It formed the left side of a cup (2 weeks) and then it was followed by a formation of a cup bottom around the 4c - 5c price for 10 weeks (Mar 2014 - mid-May 2014). This is the base-building process of a cup bottom.
After the cup bottom is completed, it begin forming a right side of a cup which look like is building now at 5c - 5.5c with increase volume. The tell-tale sign of a right side of cup is the increase in volume whereas in the cup bottom usually have low volume.
The cup and handle chart of Hubline is difficult to spot because of the low share prices of the stock which trade only between 4c - 5.5c (a short range of just 1.5 cents!). And this right side of cup will take some time to move to the old high at 6.5c in mid-February 2014 because of the stock huge share base and poor market conditions due to World Cup factor. Please be patient on Hubline......from Goreng web
Also the cup and handle could be defective at some point in time due to forming below the 200 day MA.
Due to this, I have decided to issue a SELL call for Hubline until the share price recovers above the 200 day m.a. I could be wrong on this (and I have cut off the stock at 0.055 today) but to me the signs of a defective stock are there for all to see. http://gorengaddict.blogspot.com/2014/06/hubline-cup-and-handle-pattern.html
Bumblebee-ru following this gorengaddict and sell also?To me penny stocks cannot be really decipher via charts due to the low price and volume.For penny stocks play,important is the profitability and stability of the company and potential of the company. Hubline was down earlier and the management has taken steps to rectify the issues and starting to have profits.Just need to wait and see what other steps will be taken as the off market share sales indicate some plan are being implemented.I might be wrong in my assessment and buy at your own risk.
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....
candlewick
120 posts
Posted by candlewick > 2014-06-13 10:26 | Report Abuse
hai loh daryl....whatever it is, the CEO and the directors knew what they are doing; without the knowledge of the minority shareholders.....be cautious!