Another director announced purchase of Dufu shares from open market. No announcement of shares buy back yet. Look like chances of going down south are very slim.
Interesting. If this is true, u got a good intuition Mr Chan. Sometimes we have to lose few battles before winning the war. Lets hope our discussion previously brings positive outlook.
if tmrw still red...then my confirmation for ytd technical rebound was right..and if tmrw can go over 0.485 which is a strong resistance then it may have hope to over 0.5...but currently this is a downtrend...
Secondly as I mentioned earlier: the par value of dufu is rm0.50 and it should at least worth 0.50. It is making money and the profits are improving and the company will be buying back shares when there is a weakness.
Their share buy back account is ready and they may buy back anytime from now. The gain that they get from the treasury account of share buy back may be used to reward loyal share holders in the form of special dividend or bonus shares later.
That day broke multiple supports, so today it may break multiple resistance also....nobody knows...just do what you feel correct after doing your homework...then you will not feel fear when it drops unreasonably. And don't follow ppl. Ppl sell u sell, ppl buy u buy is wrong.
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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....
Kok Leong Chan
648 posts
Posted by Kok Leong Chan > 2016-03-09 16:27 | Report Abuse
This round du till fu lat is good thing...u have the stamina and umph.