Latest Forum Topics / GMG Global | Post Reply |
GMG so profitable at such low price 20,5cts?
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:idea:
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19-May-2008 18:23
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Beware of counter being PUMPED! television = Happyday who pumped & dumped & was kicked out of the forum earlier. |
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television
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29-Apr-2008 23:24
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Look like GMG has crossed 2007's high already/Will it go higher since GMG is in talk with an interested party and co may want to do something for its share price
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happyday
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06-Jul-2007 14:39
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So slow..................moving wonder who are the buyers and sellers...liquidate my holdings bought at 18.5cts clear all at 19cts today....previously also short the counter and made some small gains during recent mkt correction...best wishes and gd luck to all those still holding GMG Global... | ||
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happyday
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28-Jun-2007 10:44
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ZhugeLiang & Nostradmus..your comments and expert advice on my june 28 postings ?Plse share tks a million | ||
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happyday
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28-Jun-2007 09:48
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buy when volume picks up...and short when mkt sentiment turns worse as many contra players won't pick up their shares,,has worked consistently...so far so good eg bought Banjoo at 14cts and sold at 24cts...bought again when it drop to 22.5cts and sold at 26cts...short at 26cts on many occasions and cover back same day at 24.5cts b4 mkt close....but today not willing to short GMG Global as wall street recovers....besides my broker also recomends that GMG Global..the play is still on and TP is 25cts....in fact que to buy at 18.5cts...just my way of trading only | ||
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Green8
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28-Jun-2007 09:29
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Happyday You play when true is false and false is true game, right? |
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happyday
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28-Jun-2007 00:22
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My sentiment turn bearish when GMG fail to clear its high of 21cts convincingly...and given last week high vol...a stock that can't clear its new high..sellers may emerge...hence I short twice taken advantage of the overall weak mkt sentiment...a high risk if the stock will to spike up but my gamble paid off...guess luck was on my side.Initially when GMG was trading at 18cts I wanted to buy...and note that GMG has been profitable since 2003..but trading as penny stock status and potential to move like all <20cts stock...my version of "cheap" is that it is penny stock and buying in a few hundred lots..still ok if one is to wait...for stocks to be identified and pushed up...rotational play on RTO themes,etc...I am not into indepth financial analysis of GMG Global hence my concept of cheap is purely it is low price and affordable to all,,,holding and no holding power...long term wise I think achieving my TP of 25 cts should not be a problem |
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Nostradamus
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26-Jun-2007 13:25
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happyday, You've not given any reason to support your claims. Now, you said that you shorted at $0.205 in the GMG- hidden gem thread. Why do you short when you said that it'll move to >$0.25 and the company is so cheap and profitable? Why don't you just hold on until >$0.25? This thread certainly doesn't deserve a 5-star rating. Everybody agree? |
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zhuge_liang
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25-Jun-2007 20:23
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And what will be the net profit for the next few years? On what basis do you arrive at the conclusion that it's cheap? PER? How will its payment of $12.6m to settle Electro Magnetics' claim affect its bottomline? | ||
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happyday
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25-Jun-2007 17:45
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GMG is engage in rubber plantation in W.Africa with Europe & USas export markets.Co has been profitable since 2003 and uts share price has been hovering around 18cts since april 2007. FY '06 revenue up 71% while profit skyrocket multi fpld due to global shortage in natural rubber and rising demand from China and India...with window dressing expected(after Wed&Thur FED meeting),,price of GMG Global is due to move >25cts..after touching a high of 21cts today...gd chance to accumulate...such profitable co at a riduluous price of 20.5cts only :P |
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