XoX is right in middle of a group of 21 companies owned by a group of conmen. Please read the investigative article published and then check the financial reports of these companies
When xox volume less than a billion unit and stagnant around 3 cts to 5 cts, nothing was motivated to push uptrend with various strategies whether real or not. The fact that many bgt average more than 20cts to 25 cts together with SIS private placement between 5 cts to 20 cts. Many still kept hoping for good news, it may or may not exist but strictly, many beliefs the bottom level not below 11.5 cts support level. Logically if it maintain for a few days or weeks, collected by the syndicate or sharks, one sudden rumours can push upwards a few cts and many may join the wagon pushing upwards unpredictable but possible after collecting from the bottom. Those already bgt high levels are. Loosing more than 50 %, may average down hoping for next uptrend.
After the Edge report abt 21 companies story has dented the goreng all is Edge kpkb news make the counter lost momentum. Now it has to come down real bottom and wait for next good news who know when? 3 weeks or 3 months. Your guess is as good as mine.
When you make money, you con. at other players, but when you lose money , others con. at you ....right, you all must thank big players create wave for you all to play, otherwise stock market is boring.
At the current moment the fear of falling further down is always in the mind of the loosers, while those who have sold above 30 cts could have bgt in stages 25 cts 20 cts 15 cts or 10 cts to form an average price lower than previously. For new entry, assuming the risk of going lower to 5 cts is there but very slim and much lesser than those average 25 cts or 20 cts. Warren buffet believes when everyone fear of buying, try to grab a little and buy some as it gets lower and perhaps consolidate, the risk is rather negligible. Assuming that nothing happens, sell off and get what you bgt or few cts cut losses. It is expected the syndrome or sharks too bgt big volume above 18 cts, think of the possibility it suddenly rise again with another rumours, buy on rumours sell on facts, that's the name of the game.
Currently the volume is above 3 billion shares issue compared to previous less than a billion, many bgt beyond 18 cts average, if you happen to try at 12 cts, or 9 cts or 5 cts average about below 10 cts, the risk is very much less than others and you belong to 10 % of 3 billion shares floating in the market
TA doesn't look good at all. It could go lower, best sell now wait for signal reverse. For now it is still down trend any rebound is short live. How low can it go hard to tell. But The Edge already spoiled the goreng party so it is hard to see reverse anytime soon.
Penny stocks will only do well when retailers free from loans...end of monotorium will see the losenof momentum plus the exposure of the 21linked companies by the EDGE.....those get the real picture rush to exit since then...hard core believers still hang on to it from 0.23 to 0.12 now....
Make tour own choice...the trend is alreadt set and the signs already there to show....its your own monies...nobody can force u to sell or buy.
But its always wise to have reality check and not to ne stubborn...that will save u a lot and go the long way....anyway, all the best. Cheers!
One must beat in mind, those 21 companies were 2-6 sen stock....with litte volume for many years.. many have done the private placements, rights, ESOS...so there is no reason to push up the price for quite some time as their objectives already achieved....
All interest now will be in healthcare especially gloves...the 2nd and 3rd wave of pandemic will create second high wave for gloves...epf, institutional funds have been busy buying in glove stocks...gloves are ripe for rerating again...
As mentioned a week ago, if u not comfy then cut loss and swicth. U may be able ro recover ur losses or minimise ur losses in healthcare....this is not a buy or sell and not to be read as promoting...just my personal view..
And i m not trying to talk down the leice ao i can buy low cos i wont even it go lower. I was in this before and read many promoters set u unrealistic targets....dun get fool...switch to fundamental stocks...speculative and thematic stocks are only good if the momentum is there. At the moment, the momentum has shifted...all the best
@8899 also no more promoting asking us to subscribe xox line...so sad. XOX now has RM180Mil cash, they will never collapse but able to acquire company ang grow well if the management able to do good job with so much money, not to use to buy other lost making companies like m3tech. Buy good profitable company and get serious. XOX can come back bigger.
They are not sharks! They are buying back now at low. Look at the trend, mostly buy. One of the director s was investigated in 2006 and paid a hefty fine.
Daytona u are right. He is someone who betrayed friends and families for money. I ididnt invite him to my birthday party this year . Alot of us already tulan with him and got scammed by him
If Monday can push up, give some hope it's genuinely collected at bottom 11.5 ct otherwise nobody trust the words and dropped back to 2 cts waiting another Olympics in 4 yrs time.
Among all the 21 companies, XOX has the most revenue even those still lost making, the rest very small with RM5Mil per year and always losing money, and only way to sustain is to keep issue RI/PP to replenish the cash in the bank. XOX with 180Mil now can slowly buy all the 21 companies. Now all the 21 companies will become XOX subsidiary under the XOX Group. LOL
Assuming the price lower down to 2 cts the market capitalization will be appx 3 billion shares x 2 cts, 6 billion cts is the dead share for next five years. How much is 6 billion cts worth?
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Posted by jungleboy > 2020-10-03 13:55 | Report Abuse
most of us alredy know abt xox past history whch is at negative side..possibly due to many loss quarters..but