Centillion^   

E-waste recycler

this counter is crawling too slow...need to start running...

 

Loaded up some more yesterday at 0.155 based on personal gut feeling and 'OHL effect'.

First time I am buying stock without a single hint of value attached to it. Risky, but exciting when the BIG boys starts to peg a price to it - UP or DOWN! Its a real gamble with Centillion now. And January is coming ... What will the BIG boys say?

Trade with care ya!

 

Hmmm ... wonder when this new-born baby will "wake up to play"? ....... It has been listless this week due to focus on property, chip and chinese counters.

 

Looks like many buyers now... it's strengthening ... you decide.

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No, I entered at 0.145 at the channel bottom.

Since it didn't surge to 0.225 after I entered, I step out, especially when it touched 0.15 today.

To me, it is a sign of weakness.
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Hi iPunter

I hope you made tons of $$ at 0.155? If not, thousands is still profit.

 

Sorry to say, I just let go at 0.155. :(

My micro-indicator may be wrong! Like I said, if it hits 15, I am out.(

Anyway, do what you think is best and don't be influenced by anyone at all.

 :)


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Hi mwz195

How do you base your "buy" signal? It would seems the sell volume is higher than the buy volume.

 

Buy signal

 

Hi iPunter

Have you bought some yet?

Am waiting to see how it performs by end of the day before deciding if I want to buy at 0.155, or monitor till mid-week.

 

Today it dropped to 0.15... Scary!

But looks like now only 3,000 sellers @0.155. vs 10,000 buyers@0.15.

A good sign.

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I'll get out at 0.185.

If it goes to 0.19 after I step out, I'll try and get back in.

I have a strong feeling this good gentleman OHL has the magic touch at the right time.

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Intend to load up this counter again next week, iPunter ... maybe towards mid - end week when US market closes for Thanksgiving holiday.

The coming January's 'Capricorn effect' will boost global market as always. So it's position time now cos read it somewhere: "Buy in November & sell by May." :p

Trade with care ya ... cos only we are responsible for our own investment.

 

Hi Billywow,

I know you'd be watching this baby's performance tomorrow.

What's your plan when the action starts?

After all, we are "kakis" in this one.  :)

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It aims to rebuild its operations in the US and Europe next year as part of its plans to revive its electronics waste recycling business, the company said.



Centillion CEO Richard Jacob told XFN-Asia in an interview: "We are now looking at end-of-life take-back [contracts] in the US and Europe and we have started to talk to people there already." The contracts that Centillion is hoping to secure will allow it to take parts of worn-out electronics products and recycle them. For now, Centillion is recycling electronics waste from its own inventory. "We intend to be the most complete recycling [company], which should put us above the others. We want to minimize landfill and recover more land," Jacob said.



Centillion had electronics waste collection centers in the UK, South America and parts of the US until it lost most of its customers in the wake of an investigation by the authorities here of certain senior officials of the company on suspicion of corruption.



"Right now, in the next three years, we have to stabilize our recycling business and our take-back program," Jacob said. "We are targetting some areas of interest and we have started to work on that," he said.



He said that new contracts that were already coming in were enough to keep the company busy for the next 10 years, but he declined to elaborate. Centillion said it would continue to focus on expanding its business here.



"We plan to recycle at least 8,000 tons of e-waste a year in Singapore," Jacob said.



Centillion now expects double-digit growth in both revenue and net profit over the next few years.



"We are optimistic about next year because of new contracts and the joint venture," Jacob said. "The mere fact that we have a joint venture [strengthens] our position in e-waste collection, because Veolia has the largest municipal and industrial waste collection in the world, so we can tap on their resources."



Neither Centillion nor Veolia intends to inject Centillion's overseas businesses into this joint venture until their operations grow much larger and require more investment.



"We have to take one step at a time. Our main focus now is to stabilize the business and make the joint venture a profitable one," Jacob said. "We will develop our overseas business on a case-by-case basis. Veolia has the first right of refusal if we want to consider a partner," he said.

 

Haha ... Just by chance I am interested in this counter lah, iPunter. I may be wrong, but the risk is worth taking cos Centillion's price is like IPO now. Trade with care ya ... again.

 

Nei hai tak keh ! (Cantonese for "You are can !)  :)

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Coincidentally, this counter is in electronic waste recycling ... still related to tech! Heehee!!

 

Monday is a critical day for this stock:

On Monday, it is outside the flat-bottomed wedge at the extreme end for the first time. After 3 weeks of consolodation, it is either  up or down now. I reckon it should be up if  flat wedges are anything to go by.

Hope it doesn't go to 0.15. If it does hit 0.15, it is not worth holding.

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I am a techie and dun do penny stocks at all .... But Centillion is an interesting one. Vested at 0.15 last week and will get some more next week after wait & see. Its risky, but worth the excitment in it (my gut feeling). Trade with care ya.