At the AGM held on 30.8.17, the management said that the poor quarter was because they were focusing in building up Lumiqs at the expense of the other sectors. They didn't give any guidance for the next quarter. This, I think, is why the stock has such a drastic drop in its price. The fundamentals of the company is intact. Its balance sheet is very strong with lots of cash and zero borrowings. Smart LED lighting is for the future. And this is what the company is focusing on now. The stock price is down, but the company is definitely not out. TA-wise, the downtrend is not reversed yet. Support is likely to come in at 2.50. Now is the time to watch the stock closely. Until you see a bullish buy signal, keep your gun powder dry.
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Posted by VenFx > 2017-10-15 21:53 | Report Abuse
Interesting way .like