i bought 1224 for several mths at different price levels, but cut loss a big chunck sometime back. 1224 is nearly the worst china prop stock (dunno why it can be my fav stock).
i bot from 6.1x, 5, 4.2x, 4.0x, 3.9x, 3.5x...
high resistance to rise above 4.2x. i won't keep long, will only do short term trading as this one likes diving.
i bought for over 10 times. no good! i m sure sis who bot this b4 thinks it's no good too!
the 1st time i bought was 6.1x after placement was done. as placement arrangement was no good+the owner used the placement capital to subscribe IPO (instead of prop investment), it dropped from 6.1x to 5.x then 4.x within a short time (maybe just 1 mth). it sustained at 4.x for a long time, until a few d ago dropped to 3.51 the lowest.
big institutional investors switched out of 1224 to 960 as the lands are situated in similar location. 960 is a better co with better prospect.
1224 has over 4m sqm, but each year only complete 0.2m, didn't utilise their lands. execution probability is much weaker than other prop cos.
out of 1224, 960, 813, 817, 688, 2777, i will not recommend 1224, although i LOVE to buy 1224 due to a 'ching yee geet' as bot lots a times.
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