I think the operator strategy is to push down the price to around 0.075-0.08 and see whether the existing holders can tahan or not. Weak holders sure will throw...
Our gang is waiting to buy at lower prices also...drop ah
If you can see from the graph, there is a doji. Which signal indecision. If today close higher, then there is a possibility of uptrend and vise versa. However, any penny stock are capable to be manipulated by the syndicate. So, to be on the safe side, 1 @ 2 cent profit should be enough for the trader.
Don't worry friendster, your gang has more opportunity to catch fallen arrow =) another shareholder selling off his shares soon (pls refer to announcement)
Dont worry if the price can sustained at this price this week. Possiblity going higher for sure. Forget about those joker is always poisining your minds. They all missed the train. Cut the craps. Know where is your support level in case of anything. Good luck and happy hunting. Tp1 0.14. CL 0.105. thanks
Anyway, par value is just a nominal value of a stock, by right it should not affect the shares price. But for YFG, it's par value reduce from 0.10 to 0.02, if this happened if a company is going to close down, then your guarantee get back value will remain 0.02. if you have RM100k in this shares in hand, they will give you back 20k only... something like that. So, normally the investors will lose confidence to the company & choose to leave, if selling power stronger than buying, for sure it will goes down. For your information, a normal, stable company will not choose to perform par value reduction
For me , if i am holding such company shares, i will choose to cut losses first, remain observation till it's stable only get in, as we will not know what will happen next. Normally for whichever company that do par value reduction, capital reduction,etc the price will be dropped, how heavy it is, it depends...& will stay low for a while... unless the reduction comes with other exercise, but from this announcement, we don't see any other supporting.. this is just my opinion, maybe others different, but personally i will not take the risk
For me, private placement is good opportunity to invest but now reduce par value news come out, that's bad news...unless got another good news come out..waiting for miracles lo..天亡我也。
The reduction of par value is to offset losses and pave way for for RTO. Restructuring the company for a cleaner takeover in order to conform to SC. You can have a reference on GW Plastics, which is taken over by MCT lately.
Got ppl waiting for 0.075?! Haha, thought they said they are very cash rich n ready to catch since 0.11? Why still waiting, no enough fund huh??? Super SKL.... par value reduction no effect at all meh? Even when it exercise?
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....
goldman_trader
170 posts
Posted by goldman_trader > 2015-04-05 18:19 | Report Abuse
How to buy? I q at 0.10 for so long d, 1 lot also can't get!