$HSC RESOURCES (01850.HK)$ I think the stock will go up. The...
$HSC RESOURCES(01850.HK$ I think the stock will go up. There are a couple of reasons I can think of. Firstly, it hits the bottom. Secondly, the people who buy at the bottom will not sell quickly. The reason is that people sell when their positions are in a loss, and to do that, the share should dip low, around 0.1 or 0.2. If it does, the company's value in the market will lose its credibility, and nobody will invest in this share. So there is no way to take out the stop-loss who bought the shares at the bottom. Hence, no company will do that if it's genuine and wants to grow in the market. Finally, if something hits the bottom, it goes to the top. I am thinking in the next two or three months, it will go around 8 or 9 or more.
Be aware of the next move. The stock price will increase rapidly so that not everyone will get the opportunity to buy it. This is how these manipulators or institutions work. This is not at all a suggestion to buy the stock, but if you already bought it, then hold it for a while.
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Renren2 : I would be happy if the stock price you mentioned was realized in a short period of time, and I definitely want to look forward to it. On the other hand, for stock prices to rise, fuel that moves people's psychology is necessary. If there is no deliberate manipulation or institutional big money involved, that fuel will probably be growth expectations and performance for companies. Will there really be a day when corporate value such as $8 will rapidly be created for this company?
I just wish the company all the best.
うたちむ : This is also a post about how to do it
Don't be fooled