Nothing new for corrections, just profit taking, today buyers and sellers are nicely balanced, as of now. Current prices are new normal, it will timely trend up further towards 2nd qr.
not looking good. many stucked at high side yesterday. -ve QR regardless one time listing or not is not helping. more drop if traders a lot due to margin and contra call tomorrow.
PWRWELL log in their revenue after the project is completed and handed over to their clients. The coming quarters will be good as they have a few notable projects in their order book. So don't harp on the loss due to listing expenses. Should look at the big picture.
Will nvr go back to 0.20 unless market crashes. Powerwell fundamentally is good. Business intact with decent order book. Potentially upside with new contract win when government rolls out mega project.
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....
Trader1188
251 posts
Posted by Trader1188 > 2020-06-10 08:22 | Report Abuse
Obviously Q2 would be quite severe due to MCO. Revenue should drop further due to less billing during that period.