This stock isn't going up anytime soon. I've already made a stop loss order months ago to minimize losses. When the spread is at 0.05 for months, heavy volume, RSI below 70, you know they're doing their best to avoid a margin call from banks (Which could may be 0.08 who knows). This company is in trouble (SugarBuns aren't really profiting even though they plan to open more stores, which would drag down average sales), and judging from the substantial shareholders list you know this stock is full of speculators. It's not going up, it's going bust. Valued at 0.09 sen with shares outstanding of almost 5 billion with a market cap of 440 million seems like trouble.
Stock: [BORNOIL]: BORNEO OIL BHD
2017-11-27 15:37 | Report Abuse
This stock isn't going up anytime soon. I've already made a stop loss order months ago to minimize losses. When the spread is at 0.05 for months, heavy volume, RSI below 70, you know they're doing their best to avoid a margin call from banks (Which could may be 0.08 who knows). This company is in trouble (SugarBuns aren't really profiting even though they plan to open more stores, which would drag down average sales), and judging from the substantial shareholders list you know this stock is full of speculators. It's not going up, it's going bust. Valued at 0.09 sen with shares outstanding of almost 5 billion with a market cap of 440 million seems like trouble.