Please bear in mind the fresh equity funds from private placement recently, there should be new business coming. It is weird the old director resigned at this time, really excited who is the new owner behind the screen.
What I know last 2 months is big boss going to buy Luster just the movement of share price this few days really unpredictable. Either it touch syndicate target price and game over, or just consolidate. No body know.
Recently director, suncity disposed alot of shares.....
Alot of Esos addtional listing at RM 0.10 then profit taking.....
This two phenomena were not good this company, bad images.
However, who in the market absorb the shares they disposed. I don,t think retailer got such huge buying power to support the price stand higher and higher.
If not such disposed, share price sure go down (if u count the shares they disposed this two month).
Anyway this is last yr story, when Luster break 10cents, I inform him to buy, he is very scare, aiyo Birdless Teh, why u so foolish and negative mind, pls go to see Jack Ma to modify ur mindset
Yes. Syndicate is playing around the share price. There a You can notice the buy and sell volume are 10mil+ throwing and absorbed at the same time. The price movement also very slow, doesn't looked like wanna trap the retailers. Lets see how it goes today.
1.)New construction project for company and this means Luster is doing very well in construction business soon. ->In reality, those construction project are so small it will not even make a dent on Luster's overall outlook
2.)New boss coming soon. ->Same old same old...been hearing this since 2013. And then what?
3.)Private placement for some big investor or new boss ->Really? regardless, private placement would just cause dilution of all shareholder's stocks and EPS. This means each of the stocks are worth less now than before. But somehow, people are convinced that bad news is good news
4.)ESOS ->On the surface, trying to be a "good company" giving their employees stocks. But a lot of those stocks are converted immediately once received. This further decrease current shareholder's stock value.
Look at all the similarity above, it's like bad news being worded nicely and thrown out to public to make others believe that it is good news. You make your evaluation and tell me again
Those senior exce sold their esos imediately after received. New boss definetely coming soon following the designation of old owner during the agm. The rumour is real, but we dont know when manipulator will stop the game before anouncement out. Obama what is your bad news you mentioned earlier will come out soon?
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....
char1234
5,299 posts
Posted by char1234 > 2017-05-25 20:28 | Report Abuse
16 ??? Then u need to average or cut loss...12.3/13 is good to average