Sunday, December 2, 2007
Calvin,
I don't seem to find Asia Holding or am i wrong. If you're referring to the IPO as above, ASIATIC GROUP HOLDINGS, 'm not really a fan of IPOs as there's little history to the price movements and also the market sentiments are not very bullish now.
Remeber the times, a few months back, whenever IPO are listed, they almost 90% soar from their placement price. At the current situation, it's not very bullish so..... i'll rather avoid.
Perhaps, Maybe, in a long run this is gonna be a very "power" stock but at the moment, it don't seem to even break that 0.18 mark.
Another thing to note on such penny stocks are the very high % returns and gains due to the large number of lots you might be holding on it.
ie: Since it's so cheap @ 0.17, 1 lot only cost $170. If price falls toe 0.16, that's close to a 6% loss.
Just my view. And again, if you think otherwise, let me know =)
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