Bursa expected to continue uptrend next week (after the recent downtrend post budget announcement). WIll Bornoil follow Bursa and start an uptrend? It had been downtrending and forming a solid bottom at 2.5 to 3.0 sen.
Fantastic day today as my GTD finally got matched! The volume is slowly shifting with Buy v Sell Queue is now 3 to 1 from 10 to 1 previously. Some parties are getting desperate, aren't they?? Keep holding on guys, try and dominate the 2 - 2½sen queue. By end of February 2022 we could be seeing something special. Until then, let us teach these rascals not to shortchange people's hard-earned cash!
mhanaS Fantastic day today as my GTD finally got matched! The volume is slowly shifting with Buy v Sell Queue is now 3 to 1 from 10 to 1 previously. Some parties are getting desperate, aren't they?? Keep holding on guys, try and dominate the 2 - 2½sen queue. By end of February 2022 we could be seeing something special. Until then, let us teach these rascals not to shortchange people's hard-earned cash! 15/11/2021 6:33 PM
why so convinced 2.5c is the lowest?? why so sure there is something big?
why 2.5 sen. ....basically there is a minimum floor price of 2.5 sen that MQ can acquire under the PP agreement. So they will not let the price drop below 2.5 sen or else we can buy cheaper than MQ. As it is we hardly can get 2.5 sen with the long Q
With so much shares acquired at low price of 2.5 sen, there is also the possibility of privatisation. It makes sense given the relatively low price compared with the NTA and the lands held by the company (they can privatise and then strip off the land with big gain). Also the company is now in net cash position.
@pineapple123 you may want to read the thread to learn of the background. @Valgrovest and a few others made some insightful remarks and with the improving economic situation, I personally am convinced that this company will be one of the strong beneficiaries moving forward. Having said that we investors need to keep our feet firmly on the ground as there are certain parties continuously intending to take advantage of the situation. As advised, focus on coming in at the 2 - 2½sen range and try to have a set strategy to accumulate in the short to medium term. Naturally if we all move in the same direction, we should all stand to benefit.
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....
lehubeng
1,143 posts
Posted by lehubeng > 2021-11-05 09:04 | Report Abuse
wd lelong....