US futures and European market still in green. Hope for a better tomorrow and next week for MYEG. Bonus issues application should be approved latest by next Friday. Hope to see the price rebound to RM4.20 - RM4.25.

People said once he buy into a counter, you better sell and vice versa.

林俊松 They call him Lim Brunei.

Mr Lim has cut lost. Some people said once Mr Lim is out, the price will shoot up. Don't how true it is. Well we will wait and see on Friday and next Monday as claimed by Grace Cheong.

RM3.97 throw one more lot to me.

I am just betting on the approval of bonus issues next Friday that will make MYEG to rebound.

Okay I have eaten 1 lot at RM3.99. I am just a small fish.

Lowest prices done during the previous crash 3.86, 3.75, 3.64, 3.59, 3.42, 3.31, 3.09, 3.01 before it rebounded (taking 13 market days). Just for my own reference.

I am waiting at RM3.95 and RM3.94. Which party is so desperately selling?

What is happening to MYEG now? Free fall.

MYEG
=====
It has been a stock I hold for very long time... I am still holding on to it. Because I believe in its biz. Domestically driven biz, Politically driven biz. So, safe haven for another 2-3 years probably. Haha. It has to be better when GST starts to kick in.

Calow Investment Portfolio

Haiz..... Wait until neck also long. When will the big guns start buying? Today (Thursday) T + 4 already!!! Why roadblock is set at RM4.05 everyday???

Will revisit RM3.95 tomorrow (Thursday)? Then I will accumulate 1 more lot.

At this moment, I am also holding IFCAMSC other than MYEG.

Comment by Chinesetea:
"Keep quiet until getting the CSTM and RSDS projects and hopefully it will fly like ifcamsc. Similar business but different league and after two more quarter results, pe will drop and suddenly people realise this is like ifcamsc.

Managed to add one more lot at RM4.06 today (Tuesday).

Today (Tuesday) closing is not too bad. It managed to climb back from a low of RM4.06 to close at RM4.12. Other than tomorrow's T + 3 contra sellers, I am also worried about the US markets which everyday forms new high where sure one day it could no longer do that and drag the whole world market down.

Thanks euralious for your response. That means this afternoon and tomorrow still got contra sellers to clear last Friday's surge. And the price should settle down on Thursday and move to RM4.20 - RM4.25 on Friday.

Dear 1n1792, graph does not look good. Any support level for reversal?

If got target prices given by research houses, (RM1 by Maybank and RM1.05 by CIMB) won't kena UMA one. NOVAMSC no target price given by any research houses. That is why kena UMA.

By the time CSTM and RSDS projects are officially obtained, that will be around ex-date at end of January 2015. Just a right timing.

John83, based on the candlestick chart, today's candlestick is just the reverse of Friday's candlestick. So, I think the correction is completed and thus, it could rise a little bit, let's say to RM4.20. Shall it corrects further tomorrow, then the first support is at RM4.04, followed by RM3.94. That provides opportunity to add some more.

RM4.13 manage to buy it but not RM4.05. Yesterday's huge gain of 28 sen almost completely wiped out by today's 19 sen drop. Should have a technical rebound tomorrow.

Added 1 lot each at RM4.23, RM4.20 and RM4.15. Still queuing at RM4.13 and RM4.05.

Got to wait till 20 November 2014 for the next catalyst, i.e. the approval for the bonus issues application. Meanwhile add when the price has met your target.

I sold half too yesterday but bought back a little bit today.

Better don't chase now. I think in the next few market days, it will correct itself. Then only accumulate.

At 4.00 pm, MYEG hits RM4.27. Can't believe it.

Wah! MYEG really strong today. At 3.45 pm, already touches new time high at RM4.24. If got any intermediate correction, better add. RHB Research immediate target price of RM4.26 is within reach.

Got research houses give target price RM1.00 - RM1.05, won't kena UMA one. So, don't worry about UMA.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1787653
Bonus issues application summited already to Bursa Malaysia.

OK, ln1792. Partial selling.

ln1792, the rise cannot sustain due to heavy profit taking. Now 4.05 only.

Agree with you, ln1792. But the chart indicates that it may very likely to close at a new high tomorrow.

The bulls have tried their very best. Never mind it closed (Wednesday) at only RM4.02. Dow Jones futures is still in green. CSTM, RSDS and bonus issues are near term strong catalysts for a more convincing rise.

Thanks ln1792 for your analysis on the inverted head and shoulder breakout.

My EG may trend higher after breaching the MYR3.78 level to a new closing high (MYR3.99). Traders may buy as a bullish bias could be present above this level, with a target price of MYR4.26, followed by MYR4.52.
RHB Research

Phase 1 involves monitoring the 6% service tax from restaurants, pubs and massage parlours with annual revenue above RM3m (around 60,000 outlets) nationwide. The 6% service tax will be replaced by 6% GST in Apr 2015, which will also be extended to F&B outlets with annual revenue of RM0.5m-3m. This will add 40,000 outlets to MyEG’s Phase 1 coverage. MyEG’s Phase 2 CSTM will involve the retail sector from Apr 2015 onwards and should cover around 500,000 retail outlets nationwide from FY2016 onwards.

It is GST related. Why IFCAMSC can fly from high to high and this MYEG cannot stay above RM4???

Usually bonus issues got four catalysts:
(1) The approval by Bursa Malaysia.
(2) The EGM where the CEO will update investors of the latest development of MYEG.
(3) Last 5 trading days before the ex-date where the share price will be pushed up.
(4) The first trading day after ex-date where the share price will be pushed up as well.

MyEG’s RSDS is already at the pilot testing phase for commercial buses. If all goes well, this service will go live in Jan 2015.

The above is the second catalyst.

MyEG is targeting 1 Oct for its CSTM to go live and is waiting for the final approval from the government. However, we believe there could be further delays (earlier assumption was 1 Oct) and expect the CSTM to only start in Jan 2015.

The above is the earliest catalyst.

Tuesday is the third day of consolidation after bonus issues was proposed. How many more days of consolidation is needed before it rebounds back to above RM4.00???

Tuesday got to close unchanged at RM3.94. Not enough support from big guns.

It will suddenly shoot up, but only don't know when??? MYEG is like that one.

Why big guns not buying after bonus issues is proposed? Only got sellers?

"Steven Yong : Hold on tight. Wish you luck. I know a Johor sifu buy around 8.50 (before ex). He sees value of around 11. Lets see next few weeks."

HLIND + HUMEIND should have a total value of around RM11. Now only RM8.97.

All time high price was RM5.35.

Dear DanielSKS, Monday's close of above RM4.00 has already confirmed that the bearish bias can be eliminated. A strong close at RM4.20 today has confirmed it turns to bullish trend. Just hope tonight Dow Jones would not do too badly. Immediate resistance is at RM4.50.

Monday afternoon session like yoyo pattern.

Still have HAPPYMAN, DANIELSKS AND I MYSELF HOLDING ON.