If thr price break 0.295 (next support) we can consider to sell. You can see my previous comment, I expected that last friday and Today this stock going to close red. This is not because the QR bad. This setup is better for Jag. Instead of sudden surge in price better they increase slowly. When the QR report is announce and if the QR is good. For sure more investors going to enter and push this stock to the new level. My TP 0.375 and 0.40. If retailers consider to goreng2 this stock. Maybe it can break 0.4.
My opinion JAG is neither a good investing nor a good trading counter. They lack of cash flows and all the while need PP to fund themselves. Hence investors will get nothing in returns like dividends or bonus issues. They need to pay theirs debts. For traders , this is an old man counter infected with covid-( half dead ) counter. They may move abit up then go back to the starting point again or below. This happened many times...lol. Good or bad qrt result meant nothing to this Karanguni. History shows you that ! Let's hope tomorrow JAG is not going to turn back to 0.275 again....lol.
Only a so so qtr. result with copper ore is in the uptrend , nothing to shout about. I'm expecting more than that. I always have some doubt about the management of this counter. Tomorrow 4 sen up or down??
No div announcement. If it rolls six quarters of profit and yet the share holders get nothing then what good does it give to the loyal precons shareholders? Sold off mine yesterday. Today might go back in if the price falls below 30sen. Or might not. This counter not worth losing sleep over.
Hooi369 aiseh got a lot budak pandai here....continuous three quarter earn money still consider bad r? haha...dunno what happen if let him lead the company... 24/02/2021 8:59 AM
Someone said continue making money is a good company, wahhahahaha. Zero bonus and price retracted wahahahaha. This is the the first time they did it ....The next move for the Jagung management is to use the profit to invest in something that they are not familiar with and ask for one more time PP to collect more funds...I think they cash flow is bad or debt is too much...if I'm not wrong.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Reggie
43 posts
Posted by Reggie > 2021-02-21 08:19 | Report Abuse
High volumes shows syndicates pressing down to accumulate more tickets. Just buy before they start to goreng