Correction continues --- today closed at 42 cents. Was 50 cents 4 weeks ago. The market is indeed moving according to sentiment rather than fundamentals. The stock is attractive again at trailing PE of 7.5X, with expected strong growth in EPS this year when the European acquisitions turn around.
Nibbling detected for this stock on Thurs & Friday (118,000 shares traded on Friday) but don't know if this is any sign of a more aggressive accumulation. Current level of 45 cents --- has not been too deep a correction. What catalyst will come?
Under accumulation today too --- ready buyer at 44 cents. Throw to him, and he will come back with another buy order . My broker said this could be a computrised buy program. Anyone can confirm?
kabouter increased their stake on 15 march buying at about 44c. Are they buying again at 44c now?
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[yeh 15-06-2011]:
Under accumulation today too --- ready buyer at 44 cents. Throw to him, and he will come back with another buy order . My broker said this could be a computrised buy program. Anyone can confirm?
Window Chan: U may be right about Kabouter. We should know in a day or 2 when they are obliged to report their purchases as Subst Shareholders. However, it is also possible that the accumulator is some other party -=-- my guess is it has to do with the dual listing in HK that is coming. Don't HK parties need to be able to inject liquidity to the stock trading there, aside from a placement exercise that is inevitable?
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