Was the company profitable pre Covid?

Think report coming out today

It is understandable the price will weaken going forward. The split is done to improve their shareholding spread which was approaching max 70%. In order to do that the major stockholders need to dispose some in the market for others to buy and make the market more liquid. I think most holders of this stock is investing in its value so buy price doesnt really matter. Any weakness is an opportunity to buy more. If the stock price move up that is considered a bonus.

vaccine 'promising result' usually means they dont have a clue if it works

seems like a lot of buying activities when everyone so gloomy

@RenaC some of his info not easy to get. at least for me anyway. would suggest he's well connected. as for substance, it is food for thought, if you read btw the lines. how's he different from ppl shouting tp 4 or 6? From what I read, i can't prove he lied, maybe a mistake here and there. Main question i ask is has he lied? Is it not true short term trend is bearish? Price action is NOT supported by volume? I know fundamentally the future for this stock is strong, just not at the current timeframe. Readers here need to look beyond 3-6 months not daily timeframe

@Justice123 err...actually i value mike's comment cos he plays a devil's advocate role. if come to this forum just to hear good comments then it becomes propaganda. no diversity if all saying same thing. we all can agree to disagree, that way we learn more.

relax. the way i see it mike has beef with those 'sifus' who only spout statements without actual hard data. he is calling them out for who they are. at least mike has facts to back up his statement, granted he could have done in a more polite manner. guys, not everyone who tries to tear you down is an enemy, likewise the reverse is true as well. just bcos someone is pro this stock does not mean they have the best intention for others. everyone has an agenda. listen but make your own decision

price always relative to the mother action

500k dumped at 1.48

selling velocity seems to have slowed down a lot compared to yesterday

@demusangking if you read carefully it says assumed price. Not definite yet. by experience pp usually priced lower at discount to current price. wouldnt b surprised if 1.7

see if will test 240 level..dithering now

Mike might have a point after all this. notice the price spikes is done to sell more shares and to attract new buyers. the spikes are not supported by vol at all. I would consider any dip below rm2 to confirm this trend

not to be a downer but price action not supported by vol

predetermined signal 100 shares buy

looks like a pump and dump move. just becareful

I am thinking for tomorrow probably a doji or spinning top finish

keep those comments coming mikecyc. Refreshing alternate views

@mikecyc somehow i get the feeling you are working for the good of this counter. lol

@earner1234 20c per share. RM200 per 1k so you are looking at RM20,000

earner1234 Thanks CRaider..if i have 100,000 units of WA, how much do i need to top up to convert it?

@ Mikecyc your data shows there is less free floating shares available to trade plus dunno how many million stuck under conversion. it is no wonder easy to push it up

Mikecyc Date Price Open High Low Vol. Change %
Aug 03, 2020 1.890 1.530 1.890 1.530 67.08M 29.45%
Jul 30, 2020 1.460 1.390 1.480 1.320 102.29M 8.15%
Jul 29, 2020 1.350 1.140 1.420 1.120 181.89M 20.54%
Jul 28, 2020 1.120 0.950 1.140 0.940 128.74M 18.52%
Jul 27, 2020 0.945 0.890 0.950 0.850 102.02M 15.24%
Jul 24, 2020 0.820 0.840 0.895 0.795 85.47M -4.65%

yes. it follows the day open price for mother

i think once you submit for conversion you are effectively blocked from trading the share you convert until it is listed as mother. correct me if i am wrong. you need to choose your timing to convert carefully

seen this trend before in other stocks. play only when you can hold.

seems like today overall sell signals

@JN88 how is usd down good for glove when they are traded in USD? the pe calculations thrown around dunno if got factor in forex losses as well

The conversion process takes 2 weeks, so the discount is there for future changes in these 2 weeks. Just paper gain until you actually dispose it.

something is brewing. 2c rangebound not easy to do. just lack the knowledge to know what it is

@dhnnn81 bears still in control i think

maybe better luck 2nd session

@rr88 seems mkt maker abandoned this and let if freefall. yest n today

nope. seems like failed charge.

bulls seems to form a wedge now.

this graph is what bulls losing strength looks like

atm seems like need to buy on dip and sell 10-20c rinse repeat

@yttihs i agree this is not for everybody. sometimes get shaken out by drops before big push up i admit. i am not sure what you mean by following sifu. i see too many follow blindly without developing their play style. not something i would recommend. maybe by your definition i am the solo player type. evaluate what others say but make own conclusion.

@yttihs far from me telling people what price point to sell/buy, we have a lot of messiah already here. to each their own style of play. i am just highlighting caution and alternate play style. it all depends on one skills and experience. atm i see weakness in momentum, i would rather pick it on the way up and lose a bit profit than risking it. something for others to consider.

if we look at the short term trend the mkt action seems to be indecisive on the next trend. for me it seems to flash sell action. sell on any upward action and buy back on dip seems to be the short term play. those that buy and hold till it reaches their tp can just ignore what i said. i would think this reduces my risk in the meantime as slowly cashing out the profit.

with so much money with no where else to go, one can expect the rally to continue in the foreseeable future. bear in mind previous local crashes always happen after penny stocks rally like what is happening now

@jiunn so the 50% retracement is at 2.8?

Gonna guess VWAP settlement price for warrant around 25.4

see a master at work renewing their position

Think it would go sideways for this week to digest the big gain for past few days. Would rather they build a strong base b4 moving up