Just now when there is no transaction after 2.30 .. you can look at the big shark buying and selling by himself so abvious .. i just hope tomorrow they play it with much more capital ..
If compared to luster n tiger, this lost is only mini so i wont touch pn17 counters for time being unless i have a very good discipline. There are so many good counters out here so why risk our money on all these counters!
Luster recently was uplifted from pn17 n now what happen to it? If u stil hold pl ensure u exit with profit once the price surge with huge vol.mit is the sharks who goreng high. We ppl are greedy that sometimes we cant control our emotion thus end up fall into their trap unless yr discipline is extremely powerful.
Many investors/speculators who bought Octagon on the company getting out of PN17 lost their pants the last few weeks. These people are just ignorant and impatient of what it takes for a PN17 company to get out of it. In the case of Octagon they sold assets to reduce their debts and have sign agreements to acquire companies that provide oil and gas services. What needs to be done for Octagon to get out of PN17? It is not 1 month or 2 months but at least another 10 to 12 months. It may take another maybe 1 to 3 months for the detail S & P agreement to purchase the O & G services co. to be signed. Then the new company has to show 2 quarters(6 months) of profits achieved before it can apply to the Authority( it make taken 3 months to approve)to lift itself out of PN17. It is important you know what to expect from your investment in this type of company and hold for the medium to long term to be rewarded.
No mention Mordecai. By the 18th August Octagon has to report to the SC on their progress of the sale of their assets to reduce their debts and on the details of the signed S&P Agreement with the two oil and gas service companies they intended to acquire. I think positive news will be reported on their journey to get out of PN17. Hold tight and be patient. This is not a counter for short term investors.
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....
Dylan1027
1,113 posts
Posted by Dylan1027 > 2013-07-04 15:49 | Report Abuse
scott, i do not get what you mean...