According to my broker, there is / are someone/people who want Techcomp badly. Price now 47.5 cents, wont be surprised if it goes past 50 cents. Won't zoom, more like crawl cm by cm.
Some smart investor/ possibly a fund probably was the one accumulating the stock, until last week when the buying dried up for whatever reason & the stock did a few trades at around 47.5 cents. I dont think it is about them turning cautious or prudent - maybe they had bought enough for the time being and bearing in mind that Techcomp is due to announce 1Q results soon. Chances are they want to see the results - or even stay out of the 2-week black out period. When Techcomp was first introduced to the market, investors were slow to recognise the potential of the Chinese market for scientific equipment.
omg, now 50 cents following announcement of dual listing in HK. after reading it, i am not sure what is new? they have announced dual listing plan previously, right?
50 cents again today --- volume quite high --- but no energy to push through the 50-cent resistance level. If and when it happens, the signal is highly positive. I think it will happen sooner or later. Don't forget management should be travelling to SG this week for AGM and will likely meet some 'people ' aka analysts & fund managers. LOL
Techcomp -- long time no see tis stock, suddenly I blur. How come now only 43 cents? PE is not cheap, but there was steady accumulation in the recent past few months. My broker said some fund was buying. This morning 's vol was not high, but who is throwing the stock away? So impatient
