joerakmojasonwong89: ...1)do not trade/punt this counter!....2)differentiate between price and value. ...3)Whatever the price if you do not like,you wont buy it anyways....There seems an obsession of TP or calling a particular price correctly; it is as random an act as calling correctly the price of fish!! No offense to anyone here but concentrating on stocks that relate to you would be more profitable.
Seanpls provide some detail or not just dont simply say will be below 1.6...
nich0lasjust wait the report. after report then can pending buy or wait lo. maybe today come out i think.
jasonwong89Still on downtrend mode, previous gain maybe just a pullback sell. Goodluck!
joerakmoSorry jason ,dont mean to sound so harsh . TA belong to the Efficient market theorists....but we know the market is never truly efficient.I look at possible scenarios.It may be a double bottom;breach 200day EMA(2nd time),if it cuts up its confirmation.It has dipped below the lower support line but it has also done so more than a few times.They could also be setting an average price for PP....New entries...wait for results.If you have sold at higher prices do a staggered buy...Investing has never been an exact science.
cfoongprice below equal to 1.65 or below is safer... 1) Private Placement can be done when the prices is equal or over 1.65... 2) Issue of 10 to 1 warrants with expiry of 5 yrs term at execution prices of 2.00... Those prices can be used as benchmark..
lcng123cfoong, there are no private placement and free warrant anymore. the pp is for source fund to purchase oil & gas company, but now already called off. so pp and free warrant not going to happen.
joerakmolcng123: thnx, you may be right. However they have until Jan 2015; mulling other options perhaps; but not officially cancel the PP