The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!’ One chance......got to concentrate.
the second largest individual in hubline ( pau chiong ching) is a big name in sarawak working for sarawak cm taib. from the movement of the price, owner trying to force intraday traders n punters out from recent heavy volume.
by end of november announce quarter report of showing the last provision which the ceo dennis told star biz...........hubline should see bottom by dirt cleaning and enhance balance sheet in its financial ac fy14. he himself a charterd accountant in practise is good in doing ac dressing stuff. he is trying so hard to turn the company around,n not allowing punters to take advantage of his good work.
I been thru it before myself. I understand.. got to give him the credit trying to turn the boat around.Sure like to invest in turnaround companies. Like the odds of winning.
if you think hubline won't be delisted, buy now at 4.5 or easier 5 cts. i bought higher than these 2 prices. Recently major director announced hubline all cleaned up, & they are moving into more lucrative osc biz. it rallied to 7 cts. In report that just come out,after newspaper announcement, current quarter losses of 163M. Previous quarter 3m profit. nta now 0.14 instead of 0.27.So major director got people trapped at 6.5 to 7 cts. Thursday 4.5 to 5. Now 5 to 5.5 I think this is as low as it can get before it start to slowly rally. syscorp is also moving higher. i thought of averaging down , but have accumulated significantly . it would be at great risk to average down every 0.5 cts or 1 cts. if it goes down to 4 or 4.5 i will average down,. Now as it is i have no choice but hope that is will slowly go up & then average up later if i think the "up" will become significant.
the recent "trap" by major share holder is because, he wants to get as low a price as possible. not because he want to sell at a higher price & run for his life & let the company dive & die. The losses by losing a big cap company listed in the market from previous high of Rm 3 (may be less shares then) to 6 cts is very significant. he will try to built by his company by all means. If he wants to run or give up on hubline he would have pushed to say 20-30 cts, dump all & forget about the company. I am sure he will not want to make just 2 cts from 5 to 7 cts. he would want to build back his company to say 10 times more at 60 cts. Ask yourself, if you are the major shareholder would you want to build back the company, or the company owe others so much that he needs to give up company to forget about the debt. a check on the current outstanding debt will let us know whether hubline will go bust or not.
don't think it will lie low for long as previous already. tis counter is going to move soon, i would say very soon. people r starting to believe in the story. not just retail r looking, funds n institution r accumulating. different from punters n intraday traders, institution support is the most solid for price movement. owners cant block 7 sen for long, flows will keep flushing into hubline. finger crossed
@harvard, luster-wa & -wb seems good,expiry 2022 &2033.May need to hold very long time. Will take longer time than hubline.probably half sen to 1 sen movement. No significant movement until luster touches 13-15 or more. hubline volume very high. effects of high volumes will need to be translated somewhere & somehow in the near future. Marginable by citibank , cap value=0.1.
T+4 for hubline, if volumes continue low instead of heavy. showing some signs of traders and punters stop rolling and may have partially absorbed or vomited out.
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....
mmaker
155 posts
Posted by mmaker > 2013-11-06 12:57 | Report Abuse
i q 4 sen, may be can get.