Lets see, if you look at the chart, people has been dumping since early august, perhaps they knew the result not going to be as good as previous year. Who knows aftert this price might go up again after the announcement..This company is good for long term prospect anyway
dun collect now...falling knife...not worth of holding long term liao....mmode has failed to being competitive and can't compete with its competitors and hence lead to the decline of profit..
Sometimes I just don't understand the use of the performance review for the income statement. It says the lower profit was due to higher cost of sales. (Of course!!! We can see it directly from the numbers itself) But what we need to know is the reason that the increase in cost of sales is proportionately higher than the increase in revenue.
He is referring to main board transfer + issuance of bonus share and free warrant perhaps... not so soon, wait for the approval first... for me, mmode no longer can sustain a continuous growth in the future and I can foresee it will post lower and lower quarterly result in the future.. not worth of holding long term...
TradeInvestStocks Cautions: if Q2 result is bad then this stock will start to drop... it will drop every day... and maybe down to 0.615 hahaha... The result will be out very soon... hahaha
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....
Tori
105 posts
Posted by Tori > 2014-08-21 09:54 | Report Abuse
I will be the first to follow, thanks TradeInvestStocks. I buy at my own risk, thanks for the tips again.