Genetec is a very difficult stock to play...whenever it moves up...the directors will start selling. Last time I recommend sell Genetec buy XOX did anyone listen? I was just trying to help because I got burnt in Genetec. Last time XOX and Genetec is 20 sen...Now XOX is 31 sen. Genetec is still 21 sen. See what I mean? Sorry if you don't want to listen no problem. Just ignore my message.
i agree with richkid. This company is buaya king. Every time the share price surge, sure the director will dispose the shares and buy back again at lower price. My insider news told me the directors had made few millions from this practise. You don't see that practise in other good companies.
spot on ahyen77. i'm not saying this company is bad or the price won't surge, but it is very difficult for small fish like us to jump on the bandagon like other good stocks. For this buaya stock, u jump in, soon u will be kicked out.
alsj, honestly i'm just ordinary investor, i'm not expert, in general fundamental is ok, coz each quarter generate profit, technically, i know abit fibonnaci, currently genetec is above fibonacci 100% at 0.195. So now your turn to give your professional comment :-D...go go go genetec... :-D
bruce, i like to agree with sky2 sharp eyes. checkout weekly chart showing the 2-3 waves within the rising channel, maybe odds higher to breaching 52 weeks high right?...
charlie82+angel, for my basic understanding, if price able to hold above 0.185, mean the momentum still there, next resistance is 0.240, still far away...go go go...genetec... :-D
seriously, i am not comfortable which few of the directors keep disposing their shares to the public. The company showed increased profit and should be doing well for this FY. However, the directors keep disposing their shares to stop the shares from going up. If the future prospect is that good and rewarding, why few of them sold 10,000,000 shares now?
I guess no stock is perfect ..u can go for XOX which the directors are buying but trading near PE of 100X...whereas Genetec trades at PE of 7x.......I see Genetec has big room to grow in price ....
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....
jl88
1,446 posts
Posted by jl88 > 2015-10-30 16:31 | Report Abuse
buy/sell queue volume is huge..sharks vs sharks