Carlos Slim takes on 3,006% of Quabit's capital on 07/01/2019. Quabit has started the year in a bullish very-short-term way. Movements in the capital of a low capitalisation company from magnates such as Slim may soar Quabit's share prices towards 1.43€. However, this is not going to be confirmed until the company abandons its April 2018-today bearish channel. Surely it would be normal to expect a fall until 0.95-1€ level, but falling beyond 0.95 would bring no good for the company's valuation, reaching 0.80€ and even lower levels.
Comment:
Waiting until it reaches 1.02 then getting in.