Price goes higher high for the past few days. Price break MA120 and closed above. Hopefully tomorrow fly high...it's being long consolidated. Times come....haha
sorry to hear that jess. if you have the capacity, try to avg down. with that uma -with what ever plan (syndicate- probably inconcert with new shareholder) to short sell to their target prc will be distorted. probably enquiry for insider tradings). the trading patterns for past few days is quite obvious short selling. prc expected to recover 50% back. rsi 20..deeply in oversold position. the management has yet to come out with their standard answer on the uma.
This counter will go down to 0.07 cents like Sanichi..Pang and his team will do anything to make monies from RI and warrants. Thats why Metronic which is the major shareholder, with 18.75% stake in MNC is dragging Pang and the management board to the court.
Investor_newbie can any pro here advise whether we should take up the right issue?
You should be arbitraging your mother shares with the OR in order to take advantage of discount and free warrants ......meaning swap your mother shares to OR before cessation of trading of OR on 21 October 2016
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azta12
5,594 posts
Posted by azta12 > 2015-10-16 12:20 | Report Abuse
flying..