Private placement 76m shares. PE so high. No wonder placement investors dumping. 1 day only manage to dump 4m shares, you can guess how many more days it will drop. Good luck!
Those who take the PP are fund manger . What they looking at is the future earning n the percentage of the return . Which fund want to invest million at .32 n sell at 34cts ? It doesn't make sense right . If I will the fund manager , I wont take up the pp unless the management can convince me that the company future earning n the money I invest are properly handle ( not for paying debt etc ) .
@1lottrade, you Can Not just simply post something without any logic substance , when a PP is approved by the BOD and offer to the fund market , there are certain conditions set for both offeror and investors . It is a fund market norm for PP to come with a PROFIT GUARANTEE within certain timeframe and the PP investors will execute DUE DILIGENCE to ascertain the said company's financial position and other forensic comparison such as RISK VS REWARDS before a decision can derived . As for the Offeror , a moratorium period ( PP takers are NOT ALLOWED to dispose the PP within certain agreed period in the contract ) will be imposed to the PP buying party . PP are only offer to institutional investor not to any Tom , Dick or Harry , so to just plug from the air that PP investors sold within days after placement is a BLATANT LIES !
EDUSPEC is ready to break above 0.355 which is the Immediate falling resistance line.A break with volume will scale it to test 0.37-0.385 levels and further to a 0.40 level.
Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk.Any decision is your own responsible .Please set your own stop and take profit level .
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....
FX Lee
5,194 posts
Posted by FX Lee > 2015-03-14 23:50 | Report Abuse
calm guys, buy already then put under pillow, or else sell it