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09/04/18
23:26
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Originally posted by Jandy
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Prolonged suspensions tend to be followed by a "puke", I am afraid: unless the clarifying Ann will be major, i.e. "we've secured XXX million in financing for the new fund".
No one likes stock that cannot be traded: unless we hear major positives, I wouldn't be surprised if on the first day the suspension is lifted, the stock takes a plunge to the likes of 12 cents. I expect it to recover thereafter, of course...but this is the way I feel it might work.
Continuing to hold till quarterly comes out, then re-assessing my strategy afterwards.
For the avoidance of any doubt: my remark above is not meant as an advice for anyone to sell and buy back at the dip: I won't be doing that, the day-swings of this stock are so unpredictable that I will continue to hold through the waves, until I feel the fundamentals have changed.
J.
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Agreed with the dip.
A lot of traders would've been caught with their pants down and have to hold onto these positions.
Same thing happened to another stock I hold.
Suspension during Easter; positive announcement and yet the share opened in the Red.
I'll be holding too.