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Clearly some dont know whats coming...each do their best.
Dont talk too much n watch the show. 🤫
Frencken benefits from the ongoing global chip shortage. most recent Nov 2021 Singapore NODX data, no. 1 in the increase is electronics sector. I am expecting Frencken to have an improving results. Whether it is overvalued or not, PE is 14 and PB is 2.5. doesn' t look overly priced for a company contributing to the chips boom. the negative that I can think of is their factories over in Netherlands and in Malaysia may be affected by the omicron but that is on the supply side. Once the wave passes through, the demand will be even greater. From a business perspective, it is always good to have stronger demand that outstrips supply if deficit is inevitable. See Tesla. So this sell off is illogical to me. I am not selling my shares and will be looking for opportunities to load up more. dyodd.
TheMatrix ( Date: 20-Dec-2021 12:00) Posted:
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Frencken overpriced previously at $2plus. Now is only reflecting it's actual price.
there is no public domain negative news for Frencken. Insider buying on 3rd Dec at previous support of $2. 14 Dec the big red candle that broke $2 support had about 20% short interest. Since then to 17th Dec, the short interest has reduced to around 10%. RSI is now less than 30. MACD is getting less red. as investors, fundamentals have not changed (at least public domain knowledge wise), no reason to be selling to these shortists. at some point of time, the shorting has to cover back. DYODD.
Slice through like a butter
diamond_hands ( Date: 17-Dec-2021 12:01) Posted:
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Break support. Next support 1.50
this will head to 1.75 before any sort of recovery will come..
Frencken Group
On Dec 14, Frencken Group Frencken: E28 -2.54% chairman and non-executive non-independent director Gooi Soon Chai acquired 100,000 shares of the listed company at S$2.01 per share.
With a consideration of S$201,000, this took his total interest in the high-tech capital and consumer equipment service provider from 23.40 per cent to 23.43 per cent.
It followed his acquisition of 100,000 shares at S$2.06 per share on Dec 3.
Also, on Dec 14, Frencken Group president and executive director Dennis Au acquired 50,000 shares of the company at S$2.00 per share.
Au has over 30 years of experience in the high technology industry and was appointed president of Frencken Group in May 2015 and executive director in April 2016.
He is responsible for charting the group' s strategic direction, setting the organisational goals, overseeing its global operations and driving its performance.
Au maintains a 0.86 per cent direct interest in Frencken Group.
Buy. Dont short...you will get shot
For some, average down.
For deep pockets, buy more to realise the intrinsic value later.
For shorts, donate your gain.
For deep pockets, buy more to realise the intrinsic value later.
For shorts, donate your gain.
action to what? short??
JY0064 ( Date: 17-Dec-2021 13:26) Posted:
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A falling knife crossing 200MA line is as good as a confirmation to ACTION !
diamond_hands ( Date: 17-Dec-2021 12:01) Posted:
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Who wants to catch a falling knife can try here.
ghetto ( Date: 17-Dec-2021 11:26) Posted:
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Gone? broke 200MA
Nibble some below 1.90...oversold...watching this
Get ready for year end rally!
Directors bought $2 average yesterday. Should be grossly undervalued!
I thought all along aem, Frencken ums and venture all up and down the same time
can anyone think why Frencken dropping so much today?lau sai never stop
nott1965 ( Date: 14-Dec-2021 19:46) Posted:
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Had been wanting to buy back after taking profit too early at 2.2. Finally managed to grab some back today