This merely shakes out the boys from the men:
Lesson ONE; TON rose from 10c to 80c+ within 6 months or so - retracement back to 8c before it went into suspension. Same as AKP - management could not explain reason for the selling -it continued and cap raising at lower prices finally put the stock under. TON has the largest JORC graphite resource on the ASX.
Lesson TWO: ZIP rose from 20c to $1.30 within 6 months or so - retracement back to 12c. Same as AKP as near the top brokers started coming out saying the stock was all hype. Although promising it has not recovered. The problem - monetisation of the product.
Lesson THREE: MHM rose from 20c to $1.30 within 6 months or so - retracement back to 2c. In this case MHM was a sham and the technology did not work - CEO also responsible for accountable funds.
I only take these stock as I have been involved in them and got out of two before falling - the third I was burnt.
In all three cases though you need to ask yourself
1. In Lesson One - does AKP need to raise cash ?
2. In Lesson Two - Does the AKP product have a monetisation problem ?
3. In Lesson Three - Is the product a sham ?
We can clearly state in cases one and two NO - I will leave Lesson three for you to decide however with the Lau brothers and TowerJazz on board one would think not.
Spozzie
- Forums
- ASX - By Stock
- AKP
- AKP - Chartwatch
AKP - Chartwatch, page-211
-
- There are more pages in this discussion • 122 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.20 |
Change
0.000(0.00%) |
Mkt cap ! $181.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AKP (ASX) Chart |
Day chart unavailable