It has been long that this company has not managed to seal any deal which they announced earlier. Recent news is about the intention to acquire oriental property n for what purpose, yet to be known. Judging for the past few days movement, the trading volumes r consider high. Maybe they might hv something good news to announce n hopefully wil be soon. For penny stocks to grow big, they must show concrete deal n not just news based on intention. We look at solution, from a mere 5sen (mid Mar) until now is 70sen due to their secured deal with cansino. If we look at AT (another goreng penny stock), they r trying hard to construct their 1st production line in an empty warehouse to prove that there r also genuine n into the glove business. They might not want to stay below 10sen n to be classified as laughing stock. As for many who known this counter since day one, yes they like to make news only n keep on changing shareholders (which the mastermind remain the same person) to convince the public that there r transforming n trying hard to improve the company’s revenue n profit. Unfortunately until now, nothing has been proven n in fact it has been famously known as goreng or scamming counter. I m not sure this round, whether they r seriously transforming or just mere of making news for their own interest. Well, high risk high gain n no risk no gain Choice is yours n happy weekend .....
My take, you study the Chart and the volume last few days, and make your own calculated decision. This is critical as a swing trader. All the comments above, i take with a pinch of salt. In a dog eat dog world, i wont be surprised there are those who bad mouthed this Counter that the prices drop this Monday for them to buy. Don't be fooled.
AT and Mahsing still need at least 1 year to get the plant running and they are quite active now... Mqtech got Kibaru and possible Latexx partner and still not moving... really hopeless this counter..
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....
whatthehuat
205 posts
Posted by whatthehuat > 2020-10-15 17:58 | Report Abuse
another month postponed lol