Majority shareholders/directors should at least support their company so that it'll not drop so much at a time.........................trade at own risk
Although the director support and brought at higher trade when closing in previous trading but bear in mind the total share accumulate for the director maybe cheaper below 1.00, who knows??? But worth to buy.. tomorrow will buy some..waiting it turn GREEN light
Aaloon, it doesn't matter whether the directors bought their shares at a higher price with their lower average cost as a whole as long as they keep on buying to support their company that will be very already. Don't u think so? Trade at own risk.
I've been averaging down already few times n each it keeps moving down further............really don't know what to do!!! No more energy to follow down lah!!! Trade at own risk
Sold all my Power Root at RM2.25 after they released the last quarterly report, about 3 months ago. Sold the stock because revenue didn't increase during that single quarter only and I foresee tough competition in the instant coffee market.
However, now it is trading at RM1.46, a drop of RM0.79 or equivalent to 35% drop from my last selling price of RM2.25 about 3 months ago!! The plunge in share price is not justified at this price level. It's so cheap now and offer investor a return of over 54% if the share price were to return to RM2.25 from the current price level. Huge upside potential with sustainable business (Ali Cafe and Ah Huat are already strong brand names with notable market share) and very little downside now. Not to mention, the stock pays dividend yield of above 6% at the current share price!!
With the above said, I have just re-purchased the stock at RM1.49 per share earlier today.
Unless there is something really bad happening inside the business that are not known to the public at the moment, I see very little downside risk and tremendous upside potential for the company's stock price.
Yes. So don't worry too much. The business is still operating as usual and people are still drinking coffee everyday, regardless of how the market perform. I believe people who bought at this difficult time will smile in a big way one month later. Cheers!!
I think some of the selling was from the ESOS as they bought the shares at a much much cheaper price n therefore can afford to sell at the current price n yet made quite a big profit.
I noticed that the directors of this company always support their company by acquiring shares or shares buy back whenever necessary which is good for the company. Trade at 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....
vinvin
4,494 posts
Posted by vinvin > 2014-10-13 16:07 | Report Abuse
What's happening to this counter dropping like no body business.........no directors support??? Trade at own risk