Some time already. I just don’t post until cannot tahan people say don’t sell. Played many times n lost once recently when u sold at 6 sen I sold at 7 but bought at 7.5. My cost now is 5.5 but will wait n see if 5 breaks then I will sell n buy back at 3
Selling for a profit and then buying back at higher price (with the hope to sell even higher) is a bad strategy. I never do that. I don't sell all in one go but in stages as price climbs. Price doesn't climb up forever.
Yup I sold high n bought lower. I did make some money. I’m a very short term holder. For penny stocks I always cut 1 bid if still good I buyback a few bids lower.
Look at mqtech results n compare with mlab, vast difference. Mlab is 100x better but no power in share play.
Unless consolidate like contrarian bro said otherwise it’s quite difficult for the price to go up, look at some of the pn17 companies very easy for sharks to push up...Brahim gnb etc
I think still got hope as the cash there may create some excitement. Mqtech no cash but can create good stories(unbelievable) Anzo no cash but want to buy glove company(unbelievable) The list for ACE market is endless if u care to check their books.....all storytelling & MOUs Mlab Cisco collaboration lapsed on 11th August but only announced yesterday together with its results. Why........they wanted the bad news amplified so people will panic & sell. Then later their storytelling turn will come so people sell low & buy high. Watch & see if this is true. If true then our champions( the don't sell & chill gang) will come out & claim credit. Seen too many of these games
I said I will sell if got opportunity to not lose money & buy back lower if can. But I also said this maybe a game by the big monkeys cos the timing of the bad announcement of the MOU, it should have been done earlier. They timed it right to panic retailers to sell at low prices. I also said the company got cash , 30-35m sitting in th bank a/c doing nothing, balance sheet is already cleaned up so new ventures or storytelling can happen (this is the got hope area). If my cost is much higher , perhaps logically I should wait out & hope the penny stock plays not over. So can wait 1 month .
This is my strategy. I should have small amount if this share ever run. Cannot buy big n hold cos all others are moving & this one sleeps. Opportunity cost wasted & bad investment strategy
he luxury cruise "P" has already done his job,......And perfectly completed his job handsomely. He has successfully make people remember of him forever,........Cheers!
After QR came out he has to change his name and camouflage,.......May be disappear forever,.... 30/08/2020 5:44 PM
Posted by Kirim > Aug 31, 2020 9:48 AM | Report Abuse
@ In.T,.....Good, a tactic to spook people,.....Good, but is not my style,....
@Kirim, I'm not trying to spook peoples, Peoples tends to scared when the results crashed over 7,000%. Any how I will buy some if the price drops to an attractive level.
I think this quarterly result is to cleanse up the company for new shareholder to come in. I think can buy now after all bad news still holding steady. If want to drop, today is the best day to drop. If it don't drop, chance of going up ls great.
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....
Rowie
471 posts
Posted by Rowie > 2020-08-29 18:49 | Report Abuse
If it breaks 5 sen then its sayonara