FOsiemo10M wrote:MoneyMonger wrote:FOsiemo10M wrote:mkonomtupu wrote:FOsiemo10M wrote:It will stagnate soon. Too much Euphoria on this stock.
Anyone remembers 2006 during IPO at 11.90, opening multiple accounts to get allocation of 6000 shares,then the stock skyrocketing to 48/= on the first day of trading. now that was euphoria..this is kengen correcting to its normal price of 17-18/= like it did in 2009
2009 was around 4 years ago. The stock should start dropping as it is now sell mode. Never will you see 17-18/-
Someone said in this forum that Mr. Market hates the word 'Never'. I tend to concur.
Let me correct what l said - this stock is plunging in the next few days of active trading.
Its useless to say it will plunge...without
1. State why? i.e overbought, support/resistance etc
2. Whats your target price? i.e if you were shorting the stock. Otherwise whats the point to say this will happen if it wont benefit you.
Answer the above....before I assume its just guess work