I vested in this company Citiraya for quite a while before the CIPB came knocking on their doors. It was a darling stock at that time. After the dust settle, the new management changed the name to Centillion and revamped the structure. It is now slowly coming back.
Ever since it was "re listed" in Oct06, it was mostly hovering at $0.15, once going down to $0.11. From early Jun 07, it raised to a high of $0.22. To me, the business model is a sound one and most importantly, a profitable one. Basically, Centillion clears waste from PCB and IT manufacturers. From the PCB boards, they retrieve the gold treads and sells the gold.
Anyway, I believe this is a good company with a new management. Moreover, Temasek and Oei Hong Leong also vested in this company. Thus, when Centillion slowly drops to $0.195, I see that as a resistance and bought 10 lots. Till now, it has been hovering at $0.195-0.21. I see the potential of this stock to go to $0.3 in a couple of months time. My stop loss is $0.16(~20%). So lets see how it goes. I will be back to close this when I finally sells this stock.
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2 comments:
hmm.. i feel sad for u..
My heartiest condolences.
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