$Jiutian Chemical (C8R.SG)$$Fu Yu (F13.SG)$$COSCO SHP SG (F8...
COSCO and FU YU are loss making company and yet big players are willing to push up. Trading in penny stocks don’t look at fundamentals at all regardless of profit or loss.
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MiltonWong : Nope when jiutian hit 0.12, they were flush with net cash n having record breaking profits quarter after quarter. Fundamentals n results do matter. Currently, this spike is purely to trap trend followers n then once q4 results out, it will gap down more
MiltonWong : Similar to recent spike to 0.035 then sell down back to 0.024 few weeks back, it's part of the Algo to trap the retailers into thinking it's going up
Deep SeaOP MiltonWong: There are other traders who still want to trade when there is interest in buying the penny stocks. It’s not up to your call to say NO. It’s their call to buy since the money is theirs, not yours.
MiltonWong Deep SeaOP: Yeah but no pt if it's losing money
Moonlight moo : After change the young CFO. This financial result is like shit ! She got do her CFO job or just seat down waiting the pay.