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Going below 30cents?
Support zone has given way and it looks like ISDN is headed towards the 20 cents penny stock bucket.
Those who bought near the highs at 80 cents would need 400% gain from 20 cents to break even,
Those who bought at 60 cents would need ISDN to appreciate 300% from 20 cents to break even.
This is the reason why it is important to have a stop loss and when a key support zone breaks, it often means that the dynamics of the company is changing and the smart monies recognizes it. Preserve capital to live to fight another day. Otherwise, dun know how long money is going to stay stuck in a loss making position.
Those who bought near the highs at 80 cents would need 400% gain from 20 cents to break even,
Those who bought at 60 cents would need ISDN to appreciate 300% from 20 cents to break even.
This is the reason why it is important to have a stop loss and when a key support zone breaks, it often means that the dynamics of the company is changing and the smart monies recognizes it. Preserve capital to live to fight another day. Otherwise, dun know how long money is going to stay stuck in a loss making position.
BBs still collecting, not ready to push up yet?
Those buying and keeping at these levels (or even if go down 30c)
need not fear (unless geopolitical crisis like Taiwan war, etc).
Only contra players will get sucked in by BBs (they never learn??).
My opinion only, I may be wrong, please dyodd.
Those buying and keeping at these levels (or even if go down 30c)
need not fear (unless geopolitical crisis like Taiwan war, etc).
Only contra players will get sucked in by BBs (they never learn??).
My opinion only, I may be wrong, please dyodd.
just you 3 musketeers only.
tccroy ( Date: 06-Oct-2023 11:21) Posted:
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Thanks, cheers to all of you
behonest ( Date: 06-Oct-2023 10:33) Posted:
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good news for you , monkey and ahbern. only 3 of u.
HONG KONG &ndash Citigroup has raised its growth forecast for China to 5 per cent in 2023 as promising data helps build consensus on the nation&rsquo s ability to achieve its official government target.
Retail sales and industrial production may improve, Citigroup economists wrote in a note on Wednesday, adding that the nation&rsquo s export contraction could also narrow after official manufacturing surveys expanded for the first time in six months.
&ldquo The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum,&rdquo they said. The bank&rsquo s previous forecast was 4.7 per cent, making it among the more bearish investment institutions in China.
&ldquo Previously, we had downgraded our gross domestic product forecast out of policy disappointment,&rdquo the economists said, adding that since the end of August, policy momentum had &ldquo exceeded expectations clearly&rdquo due to some property easing measures.
The most recent poll of economists by Bloomberg showed a median forecast for growth of 5 per cent for the year &ndash in line with the official goal. This is, however, in part because many firms have been downgrading their expectations for the economy as a property crisis drags on activity.
While recent data has indicated that some sectors of China&rsquo s economy, such as factory activity, are stabilising, the recovery remains precarious. Economists have pointed to concerns about domestic demand and job market pressures, along with ongoing troubles in the real estate market.
This week is a critical period for activity: Analysts are watching closely the combined Mid-Autumn Festival and National Day holiday period &ndash which began on Sept 29 and runs till Friday &ndash for signs of increased consumer confidence.
Sales at China&rsquo s major retailers and restaurants rose 8.3 per cent in the first three days of the holidays versus the same period in 2022 when several regions faced coronavirus restrictions, China Central Television reported, citing data from the Ministry of Commerce.
There will be about 900 million domestic tourist trips made during this year&rsquo s holidays, China&rsquo s Ministry of Culture and Tourism has predicted. This would translate to an increase of about 5 per cent in daily average domestic tourism revenues compared with the same period in 2019, according to economists at HSBC Holdings.
&ldquo The services recovery is likely to be a key driver for sustained recovery momentum,&rdquo HSBC economists wrote in a note.
Some economists see a likelihood that the government will need to step up support, particularly for the property sector. The value of new home sales by China&rsquo s top 100 developers fell 29 per cent year on year in September, according to China Real Estate Information, improving only slightly from the previous month&rsquo s 34 per cent drop. The figures &ldquo might indicate a need to step up policy stimulus&rdquo , Bloomberg Intelligence analyst Kristy Hung wrote in a note. BLOOMBERG
Citigroup raises China GDP forecast, saying economy has bottomed out
HONG KONG &ndash Citigroup has raised its growth forecast for China to 5 per cent in 2023 as promising data helps build consensus on the nation&rsquo s ability to achieve its official government target.
Retail sales and industrial production may improve, Citigroup economists wrote in a note on Wednesday, adding that the nation&rsquo s export contraction could also narrow after official manufacturing surveys expanded for the first time in six months.
&ldquo The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum,&rdquo they said. The bank&rsquo s previous forecast was 4.7 per cent, making it among the more bearish investment institutions in China.
&ldquo Previously, we had downgraded our gross domestic product forecast out of policy disappointment,&rdquo the economists said, adding that since the end of August, policy momentum had &ldquo exceeded expectations clearly&rdquo due to some property easing measures.
The most recent poll of economists by Bloomberg showed a median forecast for growth of 5 per cent for the year &ndash in line with the official goal. This is, however, in part because many firms have been downgrading their expectations for the economy as a property crisis drags on activity.
While recent data has indicated that some sectors of China&rsquo s economy, such as factory activity, are stabilising, the recovery remains precarious. Economists have pointed to concerns about domestic demand and job market pressures, along with ongoing troubles in the real estate market.
This week is a critical period for activity: Analysts are watching closely the combined Mid-Autumn Festival and National Day holiday period &ndash which began on Sept 29 and runs till Friday &ndash for signs of increased consumer confidence.
Sales at China&rsquo s major retailers and restaurants rose 8.3 per cent in the first three days of the holidays versus the same period in 2022 when several regions faced coronavirus restrictions, China Central Television reported, citing data from the Ministry of Commerce.
There will be about 900 million domestic tourist trips made during this year&rsquo s holidays, China&rsquo s Ministry of Culture and Tourism has predicted. This would translate to an increase of about 5 per cent in daily average domestic tourism revenues compared with the same period in 2019, according to economists at HSBC Holdings.
&ldquo The services recovery is likely to be a key driver for sustained recovery momentum,&rdquo HSBC economists wrote in a note.
Some economists see a likelihood that the government will need to step up support, particularly for the property sector. The value of new home sales by China&rsquo s top 100 developers fell 29 per cent year on year in September, according to China Real Estate Information, improving only slightly from the previous month&rsquo s 34 per cent drop. The figures &ldquo might indicate a need to step up policy stimulus&rdquo , Bloomberg Intelligence analyst Kristy Hung wrote in a note. BLOOMBERG
tccroy ( Date: 04-Oct-2023 16:57) Posted:
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Sure. All the best to you
tccroy ( Date: 04-Oct-2023 16:57) Posted:
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Shareholders should not sell now. It is already at new low and should hold back for rebound
This stock is seriously oversold. This company still pay dividends and profitable. With China manufacturing picking up, strong rebound should be expected
piscesmonkey ( Date: 04-Oct-2023 14:46) Posted:
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new support at 340 let see will rebound from here?
tccroy ( Date: 04-Oct-2023 14:39) Posted:
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New low
piscesmonkey ( Date: 04-Oct-2023 14:32) Posted:
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wah 345 oversold.
now at 52 wk low of 35
i m waiting for it to rebound b4 i take any action
mkt looks weak to me
but i could be very wrong
i m waiting for it to rebound b4 i take any action
mkt looks weak to me
but i could be very wrong
Once today seller finish tmr shoukd start to move up
tccroy ( Date: 04-Oct-2023 12:36) Posted:
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I have loaded enuf at 36 last week and already picked up. The difference is only 0.05 cents and should be fine. I need to reserve my bullets for other counters. Good luck to all
piscesmonkey ( Date: 04-Oct-2023 11:48) Posted:
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That good. Going rebound soon 52week low at 350
dontbetray ( Date: 04-Oct-2023 11:45) Posted:
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They want to ask you for proof of purchases. They asked me and another guy for proof too.
piscesmonkey ( Date: 04-Oct-2023 11:25) Posted:
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Just added 10k at 35.5c.
At these levels, low risks.
Will continue adding if have some bullets.
But not for contra play (anyway I hardly ever contra), may have to hold for
reversal (maybe mid-term).
Just my opinion, please dyodd.
At these levels, low risks.
Will continue adding if have some bullets.
But not for contra play (anyway I hardly ever contra), may have to hold for
reversal (maybe mid-term).
Just my opinion, please dyodd.
i also add more
piscesmonkey ( Date: 04-Oct-2023 11:25) Posted:
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No still holding 360 50lots. Any problem?
dontbetray ( Date: 04-Oct-2023 11:23) Posted:
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