Ya. I am still holding tight on this. Low volume not necessary bad. Meaning current pricing now, not much retailers willing to throw their stocks (of cos, i might be wrong if operators want to throw tickets).
If this is really operating stock, then it is more easier to push up if the news come out.
I have different view. This week the volume transacted is averagely low. All people is waiting for any further update on ECRL, thats why less people willing to buy at higher price (from sell Q) or sell at lower price (to buy Q).
Meaning no one sure about when and what the announcement going to be.
It does not matter whether the announcement is this week or next....don't believe what ppl say, news soon soon soon.....end of day, if you have a timeframe of 3-6 months, you get the rewards ! why worry when is the annoumcement....you wont know exactly when....be steady and ride it
Brother, i agree your point, but dont forget whether the company current cash position and cash inflow able to settle the current liability to clear within 12 months. So the announcement still playing a very big part on this.
Do note also it has recovered from the lowest ( at height of Covid19) levels of 11/12 to current price of 18/18.5. That is already more than 50% recovery ! We are almost back to Pre-covid19 levels which is very good as many still are way off their pre-virus levels.
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....
TtreeInvestor
2,770 posts
Posted by TtreeInvestor > 2020-04-14 11:57 | Report Abuse
Eden Eden Eden, wait you!!!