i re-enter back today at 0.205 75 lots. - to avoid FOMO. Another 75 lots at 0.14 and another 100 lots at 0.100. In this covic situations the market is volatile. As we heading to recession. But we didn't know what will happen in futures, if market recover got profit. If drop more can average more.
Imagine sharks selling from 25cents to 21cents. I guess they don't have much tickets to sell lower already even yesterday Crude Oil dropped USD2.9. But I still queue @20cents waiting for sales.
the volume buy up from 0.19 => 0.25 almost equal to volume sell down from 0.255 => 0.215. with lack of retailers participation and force selling mostly clear out, operator have to buy <=> sell at 0.21 to attract buying/selling interest.
to be honest, i love knm stock, but problem is, this counter always targetted by IDSS, and IDSS is coming back in few days....i would wait a while and see if it can goes below 0.195
important is we cannot see the knm boss show confident to long term shareholder..... u check how many % he is holding compare to last year? if the boss also feel confident, then we need to think, is that worth to take a high risk to gamble on this counter or move one step back, why don't we take the money to invest those value counter when have big offer?
QR already out last week. It is the 5th quarter KNM making positive profits. However, KNM's pattern is it wont immediately surge after good QR release.
Waiting at 0.20 but seems selling volume is very low. the whole day the operator buy & sell at 0.21 by themselves. today shall be clearing all the contra kaki and weak holders, and very minimum willing to sell at 0.21 after 4:50pm.
with the momentum reverse, tomorrow shall start to rebound.
Next 3 resistance :
Jun 19th high = 0.255 Jun 3rd high = 0.275 SMA 200 = 0.29
General Lee better starts thinking to change this company to Healthcare..
AT was a penny stock company MQtech was another penny stock company.
However, once they announced they are into Healthcare, both counters rockets and generate heavy trading volumes. A darling to investors over the last few weeks..
So my next question, General Lee when are you going to do that.. We have a product too that can fits into heath care with ethanol..
Their Thailand plant is constructed to adapt to different raw materials and can switch 'easily' to produce ethanol safe enough to use for hand gel. Ethanol prices plummeted in Mar and there are lobbying calls to halt blending during this downturn. KNM has a safety net in Chevron but not sure how this could restrict their shift to produce more 'healthcare' grade ethanol. I'm still holding KNM shares.
Thai ethanol producers are now allowed to sell alcohol to hand sanitiser and cleaning agent manufacturers without seeking government permission.
The energy ministry announced the change as part of measures in response to the Covid-19 outbreak. Only a small number of plants previously could sell their product to companies outside the fuel industry, but the Thai government is seeking to reassure the public that enough ethanol is available for medical purposes.
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....
yingzhe17
878 posts
Posted by yingzhe17 > 2020-06-24 20:10 | Report Abuse
CFO lari ke ?