UncleSamThe company announcement is a good sign, the company is proposing for share buy back. Share buy backs happen when the company feels that there is no better investment than to invest in their own shares, for the proposal to be announced at current prices, the company feels that the shares are undervalued and they are expecting big growth changes for their the future outlook.
UncleSamShare buyback's direct effect of the exercise will increase the earnings per share (EPS) of Fibon.
UncleSamGood thinking, I made from some minor trades during the last few corrections too. If prices drop I'll just buy more and wait a few years until the business develops fully. My costs are pretty low considering the reserves i collected all the way back to the last few quarters. But I keep track with a few different accounts, I have one to trade, one to invest long term, and one more with my wife's account to make pocket money to pay for my kids' education and random expenses such as holidays. Just taking advantage of the occasional price movements.
funitecNice way Uncle Sam. Good days to us all.Fibon has exclusive right to sell n buy 2nd -hand cars in Japan through BEEP. pEEP pEEP! cARS R COMING ;CARS r GOING.
UncleSamIt is indeed very hard to collect this counter's shares into your portfolio. Took me a few quarters to do so and uncle still buying and buying. The cheaper it is the happier I am. We are barely at par value of future expected levels. Operators are collecting and squeezing out every extra shares left from the weak holders, using fear and drastic psychological price movements. Even the company itself announced that they want to sharebuyback! Everybody wants a piece of this pie but newbies and unfamiliar holders to this counter won't be able to hold on.
BenLim68Shooting star, followed by breaking head and shoulder support, seems like it might be a downtrend for awhile now. Any possible signs of a short term correction?
BenLim68Ended with the Inverted Umbrella candle stick, meaning there is potential to point out evidence for buying pressure and indicate a potential bullish reversal if it appears after a long downtrend, long black candlestick or if it is seen at a support level. The Inverted Umbrella indicates that buyers dominated trading and they were able to drive prices higher during the day. However, sellers resurfaced by the end of the day and pushed prices back to the opening price level and to the day’s low. This candlestick is a type of Doji characterized with no lower shadow but a long upper shadow. It is also known as the Gravestone Doji.