better avoid this stock like plague. Guaranteed to lose money if go in now. It shows exact characteristic of a pump & dump stock trading at peak price.
shpg22 "shrugs" well see if your right or not. I've already listed my research and views in previous post on this thread and it hasn't changed. I'm still holding my chunk of DUFU and I haven't sold a single lot yet.
Though you are some what correct that the pump and dumpers are jumping in now to make a quick buck. I'm personally amused at the NOISE they are generating. For instance these speculators have used the "Bonus" share issue trick twice in the past month to pump this stock. And they've just used the "Fake Financial Reporting so under SEC investigation" trick also. So now I'm waiting for "Government Contract" or "Government will change rule" trick.
I'm personally more interested in the next quarterly report than all this NOISE. It will go up and it will go down in the mean time.
Western Digital formats hard disk drive factory as demand spins down Western Digital will close its hard disk drive factory in Petaling Jaya, near the Malaysian capital Kuala Lumpur, blaming lack of demand for the gear. WD subsidiary HGST Technologies Malaysia closed down a plant in Bayan Lepas, Penang, Malaysia, in 2016. The land on which the factory stood was put up for sale in February last year. In response to declining long-term demand for client HDDs, Western Digital has taken steps to rationalize its HDD manufacturing operations globally.
The company will decommission its HDD manufacturing facility in Petaling Jaya, Selangor, by the end of calendar 2019. This transition will be executed in close collaboration with employees, customers, supply partners and other critical stakeholders. The data technology industry is undergoing substantial change. This market transformation is driving increased adoption of SSDs and NAND flash in traditional HDD applications.
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MQ Trader 124 views | 13 h ago
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New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
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New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
shpg22
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Posted by shpg22 > 2018-09-05 16:01 | Report Abuse
better avoid this stock like plague. Guaranteed to lose money if go in now. It shows exact characteristic of a pump & dump stock trading at peak price.