Denko jumped from 40 sens to 71.5 sens then collapse back to 58 sens in the span of 2 days. Those who look for break out will jump into Denko when it broke 45 sens and chased all the way. Even when it broke 60 sens and close new high, it would also encourage punters to enter. What about when it broke 70 sens? And those who entered at 70 sens? They would be sitting a loss of a whopping 17% in less than 3 trading hours. Is it worth it to be trap by operators over the urge of quick money? What more a loss making counter which was offered takeover price of 55 sens? Something to think about.
--- Sunday, February 5, 2017 ---
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