Treat this company as a start-up and not like established companies in the Main Board.
Everything is new for this company, as the company is undergoing a huge change. For one, it's slowly deviating its existing IT businesses into other businesses such as Property development, Rental business, coal trading and potentially data centre in which they are currently seeking for suitable targets.
TPY's remains fully invested in this company and has yet to sell a single share since his buyback spree in recent months. This is good news for the shareholders as the CEO himself is committed to the company right now, and probably has some plans up his sleeves that public does not know yet.
Any sane person would not buyback his company shares if he doesn't believe in the future of the company or nothing is brewing at the moment.
I still believe there is something brewing in the company that may bring earnings improvements over the long-term, just that we're not exposed to that information at the moment. However, you're observant enough, you may notice something unusual from TPY's movements in his other companies. That valuable information may give you some confidence in holding this share longer and wait for the last card of poker to be drawn.
Closing 11.5 like last time. Good show today. I guest will dry up weak investors then inch up 1c per day to 15 again before big push. Put on seat belt.
may be will drop to 0.10, then 0.09 soon.......... thean fook, if it drops to 9 sen, i will be collecting again truck load of these shares; wise eye is very correct, TPY isn't selling, when he's selling his millions of shares, then u know the game is over, for now, let's just wait and see..
tis is goreng stock lah.a failed trader become long term investor loh.to improve a company, market cap must increase loh.bisnes oso must improve loh.wait long long can die.not clever lah.
Any counter can be a goreng stock, as long as people goreng it.
What is more important is the business, and how the business makes more money. I'm sure there is no short-cut, and to be frank, if the CEO himself doesn't do anything right after putting so much own money into it, that'll be really dumb.
sure got ppls buy and sell...if buy by only small group of ppls.. then only consider as accumulating... else.. is just buying and selling activities...
greenday, you are right. Since the counter was ex-bonus on 21 Apr, no matter how big the sale volume, it will be absorb by the market. Like today, what ever you sale at 0.11 will be buy.... From the trend in last few trading days, it will pull back to 0.115 before close trading, have you notice that? Someone or a group of people has accumulate the share at price 0.11
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....
ggecko
1,937 posts
Posted by ggecko > 2014-04-21 12:45 | Report Abuse
yes, price was adjusted