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From Reuters today -
Xpress Holdings is placing 98 million new shares, at 22 cents each, to raise about $21.5 million in net proceeds to fund its expansion and potential acquisitions.
Issued capital will go up from $50.6 million to $72.16 million after the shares are placed
Hello scotty. The IPO price of $0.38 is a psychological resistance.
i think the hype is over... this has been falling for the past 2 days.
hello nostradamus, how do you determine the resistance price?
Its IPO price of 38c could prove to be a resistance.
bought today 10 lot @0.285 trying my luck again this time and already got 20 lot using cpf@0.175 n holding.
once a upon a time, DOT com time, this one going from .38cts to $1.38 on IPO day one, then down to about 10cents, then up again to where it was now and now they R in print business w/it CEO on one dollar salary, w/owner blessing, but w/plenty in stock options, when exe, he's v rich liao.
its probably because they posted a 431% increase in net profit to $1.1 million due to their Chinese acquisitions.
up up n away still wondering what's going with this Xpress.?
up again today!
closed up again everyday with high volume.
interesting happenings.
still not sure how far this xpress going everyday top volume,hopefully there's will be good happening.
Another Fung Choi in the making?
definitely climing up... VERY high volume since 3 weeks ago.
something good is happening to this stock i think.
You bought at $1 and are still holding it? I can't believe it. I would have cut loss long time ago.
Assuming I bought 10 lots at $1. I cut loss at $0.90. I'm left with $9k. I then wait until it dropped to $0.04 before buying. At current price of $0.20, I would've $45k!
If I keep holding it, I would've a loss of $8k.
I would still be better off if I bought some at $0.04 to average down my purchase price.
yes,still holding not much only 6 lots bought at $1 plus yrs.ago.I not seen this xpress till now that's why i'm surprise,suddenly big vol.playing this stock.
wasn't this the one that crash and burned last time during the dot com boom and doom time?
anyone notice this counter moving up trend?PREVIUOSLY KNOWN AS I-ONE NET.