I think so. Volume transacted at 0.135 & 0.14 were not much. Now distributing at 0.125. Later will continue distribute at 0.12. Wait until next week & see. The resistance at 0.14
Sino Hua-An was listed on Bursa Malaysia via a reverse takeover of Antah Holdings Bhd in 2007. The Negeri 9 royal family owned abt 28 % shares in this company & is the largest shareholder.
No debt with cash in bank 26,313,000 and retained earnings 225,288,000 since china banned their production temporary I think management should start look for other opportunities to diversify their investment in futute.
cut loss at 0.12...no confident at china stock so dun want to hold just bought in yesterday by 0.13...1 day shown...today no volume ...may drop back to 0.115......sold priva cover back the loss
As predicted, last Friday was a trap. It will slowly go down until force selling on this Wednesday/Thursday. Can buy when it drop below 0.12. Usually the first round is for the cat to trap people.
In fact, I prefer it to go up after force selling this round. Anyway, just buy & collect if have 0.12 and below. They are related to Nova MSC. They will play it like Nova probably after the force selling. Stay tuned
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....
Iamnewbie
146 posts
Posted by Iamnewbie > 2014-08-19 15:41 | Report Abuse
Yeah...HAHAHAHAHAHAHA