QUOTE(TC-Titan @ Sep 11 2015, 06:41 AM)
Yep. Totally aware. Still holding for long term. Main support for me will be at 0.23 as it is the private placement price for the new major shareholders.
Key thing for me now is that the they r cash rich from funds from private placement n warrants exercise n r moving towards executing their major projects. Revenue n earnings growth will be few quarters/years later.
Btw, Did you trade between the recent low of 0.18 to the current price now of 0.245?
Hehe... I am just trying to poke you nia. Key thing for me now is that the they r cash rich from funds from private placement n warrants exercise n r moving towards executing their major projects. Revenue n earnings growth will be few quarters/years later.
Btw, Did you trade between the recent low of 0.18 to the current price now of 0.245?
Ok. I did not trade this stock.
I am extremely selective with my trading...
and I won't simply trade stocks.
Thanks for sharing your opinion....
Some 3 sen comments from me.
One.
I am in the market long enough to know that one should NOT rely on support indicated by placement & warrant conversion prices....
it's never totally reliable.....
be in the market long enough and I am pretty sure you would agree with me.
Yes, I can understand the thought of reasoning....
The cost of 'those' shares are 23 sen...
why would anyone sell below cost?
However, it's the bloody market...
anything can happen one...
for example...
as in MPAY's case...
if the 23 sen is the main support...
then why did it trade so many days below 23 sen?
and why did it plunge to as low as 18 sen?
if 23 sen was the main support... it should NOT have happen....
and anyway... in TRADING...
support is just support...
so is resistance...
it's always there to be broken.....
why is why we will always have breakouts and breakdowns, new highs, new lows constantly in the market....
and this is why I for one...
would never totally rely on supports and resistances....
I might have a peep at where the S&R is...
but that's about it.... (ps: again... this is my own trading poison la... you do not have to accept my poison)
now MPAY as a company....
sorry but I do not see it up...
Look at it 'as a company' perspective...
take the stock out of the company....
look at the company's performances the recent year....
LOST money in 2011 --- lost 1.3 million
made 122 THOUSAND in 2012.
made 941 THOUSAND in 2013.
made 1.4 MILLION in 2014.
looks improving since 2011 but the profit FIGURES are so mall.
1.4 million wor...
how to get serious with a company just making 1.4 million in a year?
and with the recent profit report, trailing profits indicates 728 THOUSAND profit for 2015....
errr..... one million profit also don't have....
how?
and with all the share exercises, total shares is now 710 million....
valuing the company at a incredible valuation of 171 million (based on 24.5 sen)!!!
insanely valued for a company that is hardly making any money...
sorry but that's how I see it...
and if I have to describe it as whole...
I would say...
it's simply way over rated...
Sep 11 2015, 09:48 AM

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