Dec. 4 at 12:17 AM
$TGE $HKD $AMTD These are such strange stocks, I can’t make sense of them, particularly TGE which is what I have been following. They appear to be profitable, growing, doing a significant share buyback, main shareholders locking up their shares for2 years,
$17/share NAV. But no one is buying.
Supposedly some of this volume each day is the company buying back shares, and shorts appear to be covering but none of it is boosting the share price which continues its slow meandering path downward. I don’t have a big position here and can remain patient but how can significant constraints on supply and increased demand have absolutely no impact on the price?
