Sunsine has become relatively quiet these days. I have not taken any actions since the last purchase at $1.19. The next Qtr report will be out in nov, so whose buying and selling :)
Very good write-up. The stock is currently under bashing mode. Sellers from left, right and centre and it appears that bad sentiment is enough to cause contagion in selling, never mind the fundamentals of the stock.
I think many holders, who have held the stock for at least 6-9 months, had existed with profits. That's only nature but the recent bad sentiment plus price action would cause some recent holders with marginal paper profits or even break even to quickly exit too before the holding turning into losses. I think majority who can't stand the price below $1 would have sold but who know what the market will do for sure. So selling may be continue for a while and the selling tide would only stop when strong buyers emerge.
I do think the company's fundamentals are strong and the prospect - notwithstanding the domestic element, specifically the 'Battle for Blue Sky' initiative as well as the external trade worry- should still be good. I see that the company has buy back some shares and the directors also buying. Whether the market willing to take heed that company is signalling that the shares is undervalued or not remain to be seen. Whatever it is, this shall pass too.
Sunsine has become relatively quiet these days. I have not taken any actions since the last purchase at $1.19. The next Qtr report will be out in nov, so whose buying and selling :)
Reply to @smallfry : Centurion!!!
car growth has peaked n declining stated from this article
Reply to @clim : haha by right discount better. who dont like cheaper valuation haha
Very good write-up. The stock is currently under bashing mode. Sellers from left, right and centre and it appears that bad sentiment is enough to cause contagion in selling, never mind the fundamentals of the stock.
I think many holders, who have held the stock for at least 6-9 months, had existed with profits. That's only nature but the recent bad sentiment plus price action would cause some recent holders with marginal paper profits or even break even to quickly exit too before the holding turning into losses. I think majority who can't stand the price below $1 would have sold but who know what the market will do for sure. So selling may be continue for a while and the selling tide would only stop when strong buyers emerge.
I do think the company's fundamentals are strong and the prospect - notwithstanding the domestic element, specifically the 'Battle for Blue Sky' initiative as well as the external trade worry- should still be good. I see that the company has buy back some shares and the directors also buying. Whether the market willing to take heed that company is signalling that the shares is undervalued or not remain to be seen. Whatever it is, this shall pass too.
Reply to @vincentwong10 : haha i would say relatively popular compared to the plunge period last year?
anyway Delong has limited public float so cant be too popular.