Allied Tech   

Value Play 3

One large queue to buy 500 lots at 0.185, not many sellers in the market for now.

 

Stock is now under going a consolodation. Support now is at 0.215 and resistance is at 0.245.

Stochastics turning up a little. RSI about 60. Accumulation the past two days. Stock should break out of consolodation in the next couple of weeks.

 

thanks Terence, for the infor.

 

Hi esmiley, calculation of free float is an estimation. Basically the Annual Report will have a date at the shareholding statistics and shareholders will receive it a few days after it has been published. So initially, you take the no. of outstanding shares of a company minus the shares owned by the top 20 shareholders, as they are usually serious investors also called Big Boys. So when you receive the annual report, and after doing the above step, you trace back the total volume from the date of annual report to the date you received it. Deduct it from the initial free float and keep updating everyday.

 

hi terence, yr post on 5/7 mentioned free float of -108,000. How do you calculate the free float amount? Do you use a formula?

Just realise you are only 18 while reading one of the threads, I'm totally impressed as I have thot you are much more senior from yr analysis and pick of value stocks......great potential ;)

 

MFI moving from 60 to 71. Stochastics moving up for the past 9 days. Looks bullish. Vested.

 

finally got pp look at this... good :)

 

Starting to move again. BBs are now controlling this stock. Buy up 280 lots at $0.23. Seems like BBs collecting.

 

Good time to accumulate now.

 

Stock has been cornered today. Free float now is -108,000.

 

coming up on the bright side :)

 

moving a little. Volumes already half of yesterday's

 

It's time for this stock to ride on the bull, it's been quiet for long time

 

This counter is very good, giving many a chance to board. Get in now before it gets cornered. free float today is about 16 million shares. So if you look at today's volume, I think left 8 to 9 more days.

 

agree me waiting for the ride ...

 

I have revealed two value plays Metal Components and CEI

this is my third value play. High cash flows over past 2 years, but P/E is very high..obviously hiding profits. NTA at $0.17. So price to NTA now is still cheap at 1.3x in this bull market.

Tight float in the market. Should get cornered in the next 10 days. Add this to your watchlist.

Lots of stale bulls here as high was $0.60 in 2003.

Vested.