Jumbo since reaching an all-time high of $0.78 has retreated as investors rotated between penny stocks play. Jumbo stock closed at $0.71 today, a 8.9% decline from the all-time high. Currently, Jumbo stock is oversold. Will Jumbo stock rebound? Or will Jumbo stock head further south?
Saturday, February 18, 2017
Thursday, February 16, 2017
The Singapore stocks market is currently rife with penny stocks plays. Some investors view penny stocks play, especially those with no good fundamentals as risky. There is definitely truth in the above. However, there is no denying that certain penny stocks in the Singapore stocks markets have become multi-baggers quietly while the Singapore stocks markets benchmark STI respond up and down with the macro environment.
Thursday, November 24, 2016
It has been reported today that Mr John Soh Chee Wen, the alleged mastermind behind the penny stocks saga of 2013 has been arrested. If readers can recall that penny stocks saga involving Blumont, Asiasons (now called Attilian) and LionGold, the trio stocks went down or in stocks parlance “crashed” in value by more than 90% over a few trading days. To give you a scale of magnitude and proportion:
Saturday, July 16, 2016
We have seen how Best World International stock has become a multi-bagger with its stock price bagging an impressive increase. There is one stock currently making a similar upside move and has been appearing in the top volume stocks. What is this stock? Well, it is none other than Alliance Mineral stock.
Monday, May 16, 2016
Today, there are many Singapore stocks which become multi-baggers. Consider Jadason stock, this stock closed 215.385% of yesterday’s closing. Attilan and Blumont each rose by 200% and not to mention LifeBrandz which rallied up by 100%. If you had a crystal ball and pumped $100,000 into each of these rally stock, you will profit $100,000 today.
Saturday, September 12, 2015
There are not many reasons to love penny stocks in the Singapore stocks markets for retail investors unless the retail investor has developed a knack for “very good speculation in these penny stocks. Penny stocks are not liquid, are speculative and comprise S-chip stocks (which some investors still shun even today) and a number of penny stocks are without good fundamentals (chief of all is the profitability aspect). These are the common grouses that investors have in deciding whether to buy a penny stock.
Monday, August 31, 2015
A reader has informed me and asked me for advice on whether she should still hold on to three penny stocks she has bought as their stock prices have went south by half. The three stocks are MDR, Rowsley and Ntegrator. I am not too sure of the nature of MDR though I know that Rowsley is a stock which gets it hype from Peter Lim as a substantial shareholder and Ntegrator has a hype in its Myanmar business with Myanmar being touted as one of the new markets in the region. My thinking is that if one can hold on to these penny stocks which are below the price they have bought them, one should still hold on to them though one should not be surprised if these penny stocks are to still decline in their stock prices further. Alternatively, one can sell part of these penny stocks to realize some liquidity to channel into better attractively-priced stocks and avoid further “southing” of these penny stocks.
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