I just sold Airasia last week bought when it was RM1.51. At that moment, everyone talked bad about it. I dumped when everyone talks good about it.

maunkulopdollah, did you notice yesterday someone used 1 lot to pull down to RM0.085 but before the closing time, used 1 lot to put up RM0.09 again.

maunkulopdollah, some trapped at RM0.20 and above and they really hate Xinquan. The emotion is understandable. So there is no way to communicate. I enter at this lowest level and the games of probability is easy.

Comparing other China counters in trouble, this one is the most normal as no directors dispose share like in Xinghe, or losing core business. This counter only suffers trust deficit. From my observation, someone has been collecting at RM0.09 and RM0.095 price for the past two weeks.

If you bought CAP yesterday at RM0.025, today you sell at RM0.03, the profit margin is 20%. You need a wild run for normal stocks to get a 20% margin and the timing is difficult.This is the beauty of probability.

This kind of super penny stock easy to play and the return margin also quite high. It is a game of probability.

Today's theme is China stock - Xinquan, CAP, XDL. :)

Dear Sslee,

I read your Chinese article. It is well written.

I would like to suggest that the main aim of your effort is to clear the doubt to regain trust from investors so that the share price would go up but not just to fight the BOD (even they might be arrogant or whatever pattern). Hope the battle would achieve more understanding for the benefit of the both parties.

Any ugly fight would only cause a further downward of the share price. This is my two cents.

We can observe the sudden rise in volume recently. It might be an insider's move and definitely a good sign.

This is a position posting by a Jiangshu branch of Gertop if you can read Chinese - http://www.ganji.com/gongsi/25478400/. After doing online searches, the company really exists but not as claimed by a few authors as if it is non-existent.

Xinquan is struggling to build a new brand of Gertop for variety of product as well. Check in Taobao, https://gertop.world.tmall.com/p/rd938984.htm?spm=a312a.7700824.w11110594-14468824028.10.NsHupW.

I have a done a simple search online, the Gertop brand is not a fake product as claimed by one author. It is selling in Amazon, https://www.amazon.com/Gertop-Casual-Glitter-Canvas-Shoe/dp/B00JFQZA7I.

There are a few accusations by investors online the Xinquan's board of directors have to explain to clear the doubt. If the accusations are wrong, they should sue them in court for defamation.

Today I observed an interesting algorithm collection by unknown investor. The process nicely cleared all RM0.09 and slightly moved up RM0.005 when market about to close. Big shark is coming? I hope the share will rise slowly but not by speculation.

Erie, those rantings are coming from buyers who trap when the price is high. But now the share price is really at the lowest. So by probability there is a higher chance for profit making. However, my profit for YFG is better compared with this counter. But I will hold this counter until it hits 200% return where probably within a year. As a retail investor who doesn't have huge capital, I am only into a really high return counter so the risk is also higher.

I have 1.17 million shares with average price of RM0.0865.

Many companies in China started with low cost low quality products but in recent years they are moving up. The most successful case is Huawei. Without low quality or even fake mobile phone, there will be no mobile phone industry today. If you look back to the economic history of Japan, there were also plenty of sub-par products what we observed in China nowadays.

A friend who works as an analyst in Hong Kong told me, Hong Kong listed companies from China also have similar cash rich situation but no dividend is declared. He said the way how main share holders handle cash is different in China. For them, being stingy and safe more is important for longevity of an enterprise. It seems this is just one of an example of the cultural differences that Malaysian investors cannot comprehend.

Erie, I was waiting for the lowest record price RM0.08 but nobody sells to me. So I just collected little.The quarter report is out and the result is another red. Let see how low this counter can go and decide to collect at the another low.

I am collecting at RM0.085, RM0.09 and RM0.095 these few days. Hope to accumulate least 1 million shares.

This counter already at the lowest point. So no harm to collect.

I am waiting for the quarter report to be out anytime soon in this or coming week as it is an indicator to assess performance of the new board. Hope to see profit in the quarter report.

Yes, my TP is 0.10. Regularisation plan is not clear yet. Maybe need to wait until it is announced.

I collect at 0.03. I will keep for the next height after the quarter report schedules to be released probably in the coming week. Invest at your own risk.

Buy Airasia is better.

Goodboy, if you want excitement should go to YFG. Two terms of profit for a PN17 company. Got material litigation case some more. haha.

Three reasons why can't move:

1) share base is large (2,841,000,000), earning per share not even 1 cent even though profit is 10 m in the last quarter (of course no dividend to be shared). It needs to make at least 100 m to move up.

2) Last quarter's profit was from a speculative gold investment. Can this last forever? Is it a good business model?

3) Its own gold production is as low as only 4 kg (4 x RM176,130 = RM704,520) as announced.