No ending of 0.085 selling for almost 2 weeks. Price range of 0.080 and 0.085 for almost 2 weeks. It seems like price potentially trade at next low of 0.075 and 0.080.
If you bought @8 sen & manage to sell @9 sen, that is already 25% ROI. And @8 sen price, you only need 80k to own 1,000 big lots.
If you play with that kind of volume, it's 10k for every time you make 1 sen. If you can do that just once a month, then it means 120k a year. What more wud a man want?
@Taka: Not related to Ingenco but going forward if there are any business dealings between these 2 companies that would be related party transactions. You would be able to see why I am asserting this by reading this: https://my.linkedin.com/in/cindychongdbix
I came across this lead when trying to gather more information on the new management team. Let's not go way beyond, but it does support the profile of Jeff Chong as a seasoned Telco veteran with reasonable experience in the industry. :)
Short term at least 10c and above . New shareholders will ramp up their stake to above 20% from open market purchase. Then private placement of 10% to a few separate accounts . They will maintain below 33% to avoid an mgo. Big plans for the company will be announced soon . Even if it goes to 10c from current price. It's alreday a 25% return from current price . You are buying in low right now, the same price as the new shareholders . Heck, probably even lower than them, as they are going to get new placements at 10c.
Short term tp 11c. Don't even sell when it goes to 11c because you know you are protected at 10c. If ithe drop further from current price. Pick up as much as you can. I compare this stock to winToni
As usual, my eyes are on both Jeff and Wong on their plans to revolutionise the Company. Blessing that Crook Chin is gone, and for the Ponzi set-up he laid to trap vulnerable investors....mercy..
I think it is more of the regulatory aspects that they need to follow Bursa procedures but in terms of business wise not necessary. Yes, it would/should take a while. :)
I can appreciate where you are coming from. It is, by and large, driven by the connections of people that is imperative to companies while knowing how far the authorities could potentially fulfill.
On the 2020 roadmap, if there is one word I can think of which is lacking.."confidence"
For ordinary folks like myself, life as usual to constantly attempt to make life better. :)
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....
richman
10,110 posts
Posted by richman > 2015-04-23 10:19 | Report Abuse
safe to buy at 8.5cts then decide the profit you want