impro88 Options is in your hand. You can either hold your share, Sell and buyback at lower prices or buy more at the very very lower price.
Look like CITA would come babk and buy at the lower prices. Their favorable price is between 0.05 - 0.055 cents.
It would rise back again but not very sure when. However, I maybe right or wrong. But that's the way I see it. Another thing is from what I read articles abiut Tan, normally when he was appointed he normally bought the company shares but it does happen yet in METRONIC.
So, my wild guess he would buy when the price goes down to 0.05 - 0.055 cent. He could join CITA to buy yhe shares.
Anyway, this is my guess,. Option is in your hands. Good luck and hapoy trading.
Another obvious thing is despite good news about VACCINE JV with CHINA.... CITA is still disappear? So, that is why I know the way they play the games now.
This share would goes down further before it rises back.
"On the other hand, another half of me thinks that this counter is purely speculative since the beginning."
dude... metronic is a LOSS MAKING COMPANY. Every quarter also bleeding money. That's why it was trading at 2.5c for so long.
It's definitely NOT a FUNDAMENTAL company.
Of course, there's always the chance that it will turn around and start making profits. But, so far, there have been no profits incoming.
So yeah, of course it is purely speculative!
And everyone who has watched this stock knows that it is pure goreng, syndicate controlled price movement 100%.
Anyone who thought the price movement was based on fundamentals instead of GORENG, please just quit trading and go study up before you return to trading.
When the syndicate was pushing the price UP, everyone was happy to join in and play the syndicate's game. When syndicate dumps the share and it crashes, everyone is all "wah, how come the syndicate manipulates stock price like this???"
YouTube Link: https://youtu.be/8denr-m7gzE Asia Poly Holdings Bhd is the only listed Malaysian manufacturer of cast acrylic sheets. The Company’s share price recorded a sharp increase by 1,866% to a high of 59 sen in August. The Covid-19 pandemic and US-China Trade War have contributed to additional orders for its acrylic products which led to a higher 3Q net profit, nearly 400% higher than 2Q. Please watch the video to learn what is the further upside of this company.
"We see a rising demand for extruded acrylic and plastic sheets in Asia, the US and European markets. In fact, we are anticipating a large long-term contract from a US customer which is currently in its advanced stage of discussion."
"Furthermore, given that Asia Poly's production lines are currently running at full capacity, the acquisition shall provide an immediate expansion opportunity as GB Plas' plant is currently running at a utilisation rate of between 50% and 60%. This boosts our initial plan of doubling up our production capacity to 1,600 tonnes per month by September 2021," Asia Poly executive chairman Datuk Yeo Boon Leong said in a statement today. 18/11/2020 10:14 PM
The chances of going down further is higher compare to going up. CITA is not in the picture now because most probably they would buy at the very very low prices. Favourable price is 0.05 - 0.055 cents like always. I have sold all mine but still making profit.... Buy back later.
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JuliusCeasar
1,216 posts
Posted by JuliusCeasar > 2020-11-18 22:43 | Report Abuse
impro88 Options is in your hand. You can either hold your share, Sell and buyback at lower prices or buy more at the very very lower price.
Look like CITA would come babk and buy at the lower prices. Their favorable price is between 0.05 - 0.055 cents.
It would rise back again but not very sure when. However, I maybe right or wrong. But that's the way I see it.
Another thing is from what I read articles abiut Tan, normally when he was appointed he normally bought the company shares but it does happen yet in METRONIC.
So, my wild guess he would buy when the price goes down to 0.05 - 0.055 cent. He could join CITA to buy yhe shares.
Anyway, this is my guess,. Option is in your hands. Good luck and hapoy trading.