This counter...looks promising...at first....I bought 10 sen...I thought good bargain...then 10 sen finished, it moved to 10.5 sen...wow...I thought going up....then instantly...10 sen big queue came back again...increasing and increasing....then finish again....people start chasing...and all of them bought 10 sen....suddenly....it drop to 9.5 sen...and all bought 10 sen stuck ...a lot of them...now drop to 9 sen...and keep selling 9.5 sen... Keeps dropping....that is the problem...con counter. I don't want to play this type of counter. Same like MQTech, same like TMS, Flonic, Thrive...all big blocks forcing you to buy at 1 bid higher...and later drop...forcing you to hold the expensive stocks. So fed up with this pattern that I sold at 9.5 sen for a 0.5 sen loss. Case closed. Better go for other better counter. Don't like to be stuck inside this mud.
The company is doing well,and expanding to Aus., plus abt RM 250m cash in hand, so I doubt it will drop to 6 cts . At 9.5 cts the syndicate is aldy selling at a loss.
How do you know there is going to be an RTO ? and how is 10 cents not cheap ? Just the cash alone after all the liabilities, its 0.17 cents/share. Do you even know how to evaluate or just pure speculating ?
I also bought 10 sen....that time selling at 10 sen - 10.5 sen level thinking it was cheap. But it trapped me. So I sell at 9.5 sen making slight losses. Dump my money in XOX and win back..Thanks to XOX.
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....
anonymous91
559 posts
Posted by anonymous91 > 2015-11-05 17:42 | Report Abuse
RTO?