Let the dusks settle down. People are selling out of frustration,cut losses, margin call etc. Today price range 2.60 tp 2.80 support at 2.60 once breached nxt range 2.5 to 2.65 support at 2.50. These selling will continue till friday...cautious
At one job interview; the interviewer asked the prospect candidates. How much is 1 plus 1 equals to? The candidate answered 2. The interviewer reply "sorry you are not hired because I am NOT looking for an accountant.I am hiring a finance strategist."
By the way I am not in at this counter. I am analysing and to test my skills..LOL...moreover my remiser moved to anotherbroking firm and I am left suspended in the air until the existing broking firm assign me another remiser otherwise I have to send my applications again to my remiser who had moved. I have just received my forms lah....
In early Mar 2012 there are two days volume of >30mlm shares transacted and on the following days the price went down further. These 4 days including today saw the same patent of average >15- 30+mlm shares transacted..if the trends reflect the same..today price will ended up the support level or resistent level of $0.30...if the trend is correct do not take the chance of buying otherwise you will be caught further...once it breached the resistence level of 0.30 it will enter a new phase of support from 0.25 to 0.28...bless all of you if you dare take the risk but some risk worth taking...
One mistake is that the price fell we thought that it is time to buy by believing that the price will rise and make handsome profit but forgoting the level before it rised. Our eratic decisions made us bleed further to the extend that we drained out our resources by cuting losses or holding to it dear life. This is one counter only what about other counters that we might stuck there since... when opportunity strikes we miss out the great opportunity because of our deplited funds. At time we have to be coolheaded and monitor and wait. One saying "A lion back three steps before he leaps at the intended target".Our strategy should be like the lion king that is smart with courage....
They are kidding...1) RM7 paid-up and got the licence and why should they share the cakes with Amedia. If Amedia hold major shares in MSSB then it is logical. Maybe the directors taught that retail investors are bodoh type. Are we?. Today the counter can breached 0.30 and it breached it will stabilized at0.22 to 0.28
Pyschology: when shares price surged UMA will leads to more speculating that something is cooking and when the company replies the standard format more curiousity and shares surges further. On the downtrend UMA will triggers tat something had gone wrong...when the company replies the standard answer more suspicion arises and shares fell further. look out for announcement who are the major sharesholders disposing and gain substantially after he rally up. SC should goes after them because they manipulate the markets. Ask them to furnish full details of buy and sells from the period it surge until now. wat says you?
remember my comments earlier...buyer higher because 1) there are genuine buyer (i doubt otherwise the price will b up by now, 2) ppl are buying to average their price to narrow down the lossess and 3) syndicate buying to misled the ppl that the share will rise again...shogun time and do the gengam dance LOL
If you want to speculate like others be like going to fishing...wait,wait, wait for the fish to bite the bait. Do not enter the market everyday which i have the painful (not that serious pain) lessons before and now getting careful and research more on fundamentals, pyschological and emotional factors. LOL
What's goes down must come up...naturally...Price range remains 0.08 to .105 for a week or two.....rebound soon as volume getting smaller...syndicates cannot push the price further as sellers have exhausted after serious penting whole weeks on...time for syndicates to arouse the investors again...good for one night stand anyway...Buy around 0.085. bless that you have the staminar to go on.
long q at 0.085 means 1. there are interest buyers (not likely otherwise the share should have gone up), 2. The Big sharks are put a stop for the shares from sliding which will triggers the force selling especially those who are holding high at 0.14 to 0.22 and 3. Investors thinking the shares worth buying now for a quick kills (likely) as the share range should be 0.75 to 0.105.. best of luck who are in the 3rd category.