Like I said, this counter is for long-term. It went up to 0.80++ at one time and then fell to lowest of 0.5++. I think that shook a lot of investors away and recently it was hovering ard 0.6++ and shook even more investors away. For those still holding, I salute your holding power and hopefully all of us will be rewarded.
This counter can easily scale higher than its previous high of 0.80. The PE is still considered very low and price is still attractive. And directors are actively buying back the stocks, personally and for the company. Now that its only beginning to rise, I think u potential investors can take advantage of the breakout.
After the profit taking activities today, the share price will move up further in coming days. Furthermore, the volumes traded are purely from market players, no share buy back announced, meaning investors are seeing the values of this counter again. Cheers.
lol, there's always an explanation to both up and down prices in economics, so it doesnt really matter what explanation you give here, its just a bunch of over confidence biasness
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....
WiseEye
1,199 posts
Posted by WiseEye > 2014-02-15 16:12 | Report Abuse
Like I said, this counter is for long-term. It went up to 0.80++ at one time and then fell to lowest of 0.5++. I think that shook a lot of investors away and recently it was hovering ard 0.6++ and shook even more investors away. For those still holding, I salute your holding power and hopefully all of us will be rewarded.