there is low liquidity at the current moment because of several reasons. - We currently do not have a market maker, hence, there are no buy or sell bids being put up by anyone. We are in the process of getting one and will keep investors informed of the outcome. - The first ADR was only created couple of days ago, hence there are very little ADRs currently in circulation.
mokooi, yr posting seems to be a copy-&-paste job from a reply by Ben of Sinotel? thanks for the info. today, Sinotel touched 50.5 cents at the close it\'s really a cheap stock now at PE of about 5X! With lots of earnings growth to come. And the Q3 results are coming on Nov 14. Better be good, or else...
sinotel placement share @ 0.5052, now it\'s abt placement share px, is it safe to buy? any quick view? it drop from 0.735 to this px.. dum ja liat man:S wat\'s market maker by the way?
Longer-term investors who accept that Sinotel will have a very busy 2009, 2010 and 2011 will buy into the stock at this current level. Cos PE only about 5X now. Short-term traders.... mmmm.Can\'t comment. The market can be quite siao.:laugh: But this morning, Sinotel and the rest of the market have a chance to go up.... Why? U see what the Dow has done! Up 200+ points! Market maker is a stock broker who provides quotes for buy and sell. He hope to make a profit on the bid/offer spread.