Stay Up to Date with Robin's Market Updates

By providing us your personal data (i.e. name, email address and phone number), you acknowledge and consent to our collection of your personal data for the purposes listed below: • Sending you marketing, advertising or promotional materials related to the content of this website, whether by call, text or email; • Provision of products & services which you have requested for. Please note that you are entitled to withdraw your consent for the collection of your personal data at any point in time by clicking on the "unsubscribe" link in the emails you receive. You may also contact us via robinhosa@phillip.com.sg

Thursday, October 12, 2017

Second Chance - Most volume traded since 2012! Something Brewing?

Second Chance - Something brewing? Today we witnessed the most heavily traded day in this stock since 2012. 2nd Chance  owns 17 retail shops  City Paza , with Enbloc fever now raging, could City Plaza be next on the block? As the site is very close to Paya Lebar MRT , it is an attractive target for developer. It all depends on whether City Development which owns 30% of  the total value of City Plaza  agrees to the idea. On the chart ,the first resistance at 0.28 which was touched today, the 2nd resistance is at 0.30 followed by 0.33.  Interesting this stock has a warrant which closed  today at 0.15. The exercise price of the warrant is at 0.25 which is "Ìn The Money". If this stock goes to 0.305, the warrant could double in price. What's the game plan of the BB ? This blog will be watching this stock, stay tuned!
All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.