Penny stocks on the move

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12 years 2 months ago #8859 by relaxing
Hmmm is Sino Grandness considered a penny stock in SGX context? Below 20 cts maybe? The SGX index is up but falls outnumber rises by more than 2:1.  Retail investors are hit . 
By the way, anyone went to Foreland or Eratat AGM ? Anything interesting?

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12 years 2 months ago #8862 by peterlynch
penny stocks big crash. hope no one here got burnt

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12 years 2 months ago - 12 years 2 months ago #8864 by greenrookie
Qingmei blinking brightly on my radar screen. If it falls any further, I will buy. Qingmei mention it will report significantly lower revenue, but the word loss, is absent from the statement. It simply says profitability affected. At 5 cents eps at 1H and assume flat earnings q3 and loss making q4. Qingmei is still cheap. Not to forget Jan - mar factory closes for 15 days for cny. 3 million shares done. Hunter should be almost done...
Last edit: 12 years 2 months ago by greenrookie.

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12 years 2 months ago #8876 by peterlynch
greenrookie, at what price will u start buying Qingmei?

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12 years 2 months ago #8877 by greenrookie
Hi Peter, Most of all, I admits I don't do TA, I just enter at prices I am comfortable after some basic FA. I will be patient with this. I will most prob buy a bit around 8.5 cents, depending on the general market, if the market is bad I will bid lower. I will most prob buy more when it hit below 8 cents.

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12 years 2 months ago #8878 by peterlynch
thanks for sharing. I am not a TA person too. 100% FA. I am considering all the 'hopeless' stocks chongwee mentioned. sapphire and foreland and eratat specifically. they are as low as can be and in due time their stock prices WILL go up to where they intrinsically belong. anyway, if possible, let me know when u start buying Qingmei. nothing wrong with this company fundamentally but it is the most unloved 'good' S-chip in sgx now, u think?

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