Hmm seems like a good buy..strategy total holding 2000lots.Buy now 1000lots @ 0.16 if up then sell and if down again buy another 1000lots.like tat if price stay @ 0.16 still can make profit
Hi stockking,based on last time trend most likely it will shoot up..but who knows it suddenly limit down..still,this price is considered very low already if keep for few months should be ok..
Yes according to latest annual report, Datuk Vincent Lee & family has already exit MNC. Also Christian Kwok also already exit. Both of them exit before April 1, so both of them are not responsible for MNC crash.
If you look at the new owners of MNC, they purchased the company under pledged accounts. So likely they ran into financial difficulties and the banks forced-sell their MNC shares.
Hi speakup..if the new owner shares are pledged,guess banks would have a capped value on their stocks to leverage on the margin financing amount.From what i see this is purely a rundown by themselves in order to buy back shares at lower prices.Four penny stocks hit hard just few days ago and mnc is one of them.
The management has to stop the company from bleeding further and reserve whatever cashflow they have and focus on profitable segments mainly sms and smartphone applications.1st quarter report should be out by end mth and it would be interesting to see how different it is from the past.
Generally penny stocks are all speculative in nature, what goes up will come down eventually..there are no real money buying into it long term.The NTA for mnc is only about 6 cents and now it maybe trading high and not worth to hold till we see something different..
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....
stupid168
336 posts
Posted by stupid168 > 2014-04-30 14:44 | Report Abuse
will drop to 10 cents....patient