Genetec always jump up when newbies start buying this stock when they hear good news about securing new orders worth millions. They start their buying frenzy and push the share price up. I remember one time it went from 13 sen to 26 sen within a short time before the directors start dumping and the price drop very fast back to 21 sen and 19 sen....and ding dong...18 sen...17 sen...back to 14 sen before this fresh news start to up investors appetite again to went up to 18 sen before it dropped back to 16.5 sen.
Ask yourself why???? Why is securing good new millions of order and why directors start dumping??? Why? Just look at the revenue and profit of the quarterly report and you will understand why. Revenues can be millions but profit? See for yourself.
So in future just look at the profit. If the QR report BIG profit then you can buy...not look at new orders...that is just news to bait you to buy...New orders yes can be good...but what about your profit? You have to pay for your staff salary, rental, depreciation of stuff etc..etc...and later you end up with little profit...how? Next time just look at how big is the profits! Not looking at news about securing new orders. That can be misleading.
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....
Chan Wil Liam
188 posts
Posted by Chan Wil Liam > 2015-06-16 09:31 | Report Abuse
0.14 liou...bottom line again! can break it some more??