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Next stock to fly?
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hikitty
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08-Dec-2006 16:59
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Still accumulating @ 8 to cts today. Rational? Irrational? All bought to lose their S$$? The "manipulators" are lying low in the "buying queue" and will pounce on the "selling" queue when there are no more 8cts sellers. By then, the retail players would scramble aboard - call that "herd instinct" or "irrational behaviour". |
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hikitty
Master |
08-Dec-2006 10:11
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Those who sold @ 8cts yesterday must be spewing "expletives" today. Thought it would definitely recede to 0.075cts today! It must be the proverbial "Ah Q's " thinking that all those who bought at 8 cts (450 lots x 8 cts = $36000) did so to lose their hard-earned $$ when it has been holding at a low of 7 and 0.075 cents (or accumulating at low prices) since September 2006. Buy now and join in the fun when playing on this share starts by rotation, which it did in May 2006, not after they start playing it! Risk is very low at the price range of 0.075 and 8 cents coz' the float size was only 50 million shares. |
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hikitty
Master |
07-Dec-2006 10:21
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For avoidance of doubt, just to clarify that the lowest to date as at 11 October 2006 was 7 cents. Most of the time the closing price was .075cents Daily closing volumes had been small coz' it is undervalued with very few sellers. Lowest total closing volume was on 2 Oct 2006 with 5 lots (7cents). Highest total closing volume was on 12 Oct 2006 with 613 lots (all done at 0.075cents). Is it illogical to think that all those who bought at 7cents or 0.075cents were doing so to lose their hard-earning $$? |
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hikitty
Master |
07-Dec-2006 10:06
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The upside prospect is better than the downside. At the current price, the downside risk is minimum as the lowest to date since 11 October was 7 cents with very very few lots (al1 bought to lose?) Why park sweat dollars in other shares which have run up by more than 50%? Signs of traders quietly pushing it up today in steps of 10 lots each. The race is about to start! Join it or regret forever! |
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hikitty
Master |
07-Dec-2006 09:48
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This may be the next construction-related stock to fly coz" rotational play of penny stocks. Only 50 million shares were listed at 21 cents each last year. As it is "undervalued" (NAV 125 cents) and the float is small, it can be easily ramped up because placement holders do not seem to be selling their shares at all. Only retail investors (about 1 million shares) could have all sold their shares. This means the upside is better than the downside. Current price is only 8 cents per share |
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