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Contel Corp
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terencee
Master |
17-Apr-2013 14:00
Yells: "I don't entertain trolls." |
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Still looking into contel. If contel no run, I also give up. Just in time to sell away in May and go away. I put in a lot of work for contel so I feel comfortable trading contel only. :)    Pennies are good for quick cash. They are also quick to make you broke. Trade with care. :)  
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clickshop1628
Veteran |
17-Apr-2013 13:41
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They both want over-valustion because after listing, they can then raise cash by a higher priced rights issue. Trouble is the market must be able to accept this high valuation - no one can hold up the price artificially forever. In the end, it depends on whether the market believes in the Yuuzoo biz model and whether Yuuzoo can meet its very high projected profits or not. I think $500m valuation is a bit too high - PE of about 62x based on latest earnings.
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srichipan
Master |
17-Apr-2013 13:36
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it doesn't benefit contel or yuuzoo to have a under or over valuation
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Desmond69
Member |
17-Apr-2013 13:32
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Great! Do you manage to size other good opportunity? WE Holdings has not really moved up?
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srichipan
Master |
17-Apr-2013 13:30
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so you contributed to the selling yesterday. haha. you fully out? means like what I said. profits taking nearing to the end. time for the next movement up 
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clickshop1628
Veteran |
17-Apr-2013 13:29
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When you think like that, you have already fallen into BBs hands. Yuuzoo did not pay 10cts for Contel shares. It is a share swop. The 10ct is used as a measure of Yuuzoo's worth. It is hard to explain but just know that no big company buy at 10ct and there is no General Offer (GO) for 10cts like some people here thought. Look at Transcu - actually some company bought the placement at 4.5 -5cts, but share price is still at way below 2cts. In Contel's case, 10ct is a valuation agreed between Contel and Yuuzoo and nobody actually paid 10cts for the share. Why people here think that 10ct is like guaranteed? No wonder BBs play retailers out always.
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Tomique
Master |
17-Apr-2013 13:26
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These shorters are " market snakes" or connected people.   They are pushing to collect and at the same time to square their shorts. Once they are finished with their work adding much to their bank accounts, they will start to bring up the prices.   We have to see the full journey's length for Yuuzoo and Contel. Don't see the beginning only, see also the milestones they are heading to.    
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terencee
Master |
17-Apr-2013 13:25
Yells: "I don't entertain trolls." |
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LOL.. Pull out ytd already.
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Desmond69
Member |
17-Apr-2013 13:23
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Are you in the money? Why not take the profit 1st? I think it is supported at this level (0.089 to 0.091).
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nqing87
Veteran |
17-Apr-2013 13:20
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still holding & as long as dont fall below 8cents, will still be having profits.. was being a little greedy &   should have let go at 10cents, but thought the probability of it going up is more than going down & took the risk to hold lol.. really irrational even though got RTO, thought market sentiment for it will be high.. | ||||
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terencee
Master |
17-Apr-2013 13:14
Yells: "I don't entertain trolls." |
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That is provided the counter isn't manipulated so much. I do hope that your sifu theory is right. :) Seriously, from the bottom of my heart. But I'm seeing these shorters trying their best to push. Hopefully today is their last day to short.  
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srichipan
Master |
17-Apr-2013 13:07
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Yah. I went to read about gap also. Need not be closed.
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Tomique
Master |
17-Apr-2013 13:04
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Some gaps need not be closed, my sifu taught me.   He said if a counter gaped up and has bullish news, it might tried its best to come down to close the gap, but then not necessarily successful in doing so.   Gaps could be closed in some distant future should there be any adverse news, said sifu. | ||||
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srichipan
Master |
17-Apr-2013 12:35
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in that sense, profits taking almost done if that's their intention. what's left are strong holders
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Moomooland
Member |
17-Apr-2013 12:34
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succint!
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Patkeane
Member |
17-Apr-2013 12:34
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Dun worry big company are buying contel corp at $0.10 , and u buying at $0.099 , so what do you think ? The big company cannot be throwing money into the sea one , have patience , if they buying at $0.10 than the value should be much greater than that . I hv vested also at $0.099.
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srichipan
Master |
17-Apr-2013 12:32
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  volatility in the short term due to profit taking. understandable. people who bought in at 0.064 - 0.081 last week sees 20% in profits already. shortist don't get suck in . once they are done, I'm sure it will break 0.1  |
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terencee
Master |
17-Apr-2013 12:31
Yells: "I don't entertain trolls." |
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What goes up must come down.
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commando
Veteran |
17-Apr-2013 12:29
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Break 10 ct then say la | ||||
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srichipan
Master |
17-Apr-2013 12:28
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yah, terence bro please explain. I don't look at gap when trading
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