My analysis turns out spot on for Prestariang. The operator will decide how it is played.

I only advised Ask_Check on the appropriate action. I hope he will do it since he sounded serious enough....

It appears that Pretariang is still under some sort of selling pressure. Now, it turns negative again..

I pity the punters/investors having a hard time to decide whether to hold or cut loss now.

Wow, some counters like Ewine, Opcom, Prestariang, etc have turned positive after early drops today...

I think the operators are more desperate than us, to push the counters up after so many "dumped" shares collected. These operators are not "rubbish collectors", mind you!

Talking about US tech sector selloff, our investment guru, Warren Buffet, just topped up his stake in Apple, before the selloff.

If bear mkt is coming, will he be so "bullish" to buy earlier?

Food for thought.

Wow, 21.5 sen now. A missed opportunity! I will not want to chase high...

US mkt had a selloff, led by the tech sector last 2 days. This morning our mkt tries to react. I tried to queue at 20 sen to average down. Also, not done. Lol.

As a shareholder, you can write to the CEO or CFO of the company to raise your point on the lower profit reported by stating your own basis of calculation. Be discreet on the words used.
No finger pointing as there could be a real reason for the lower profit reported.

I am sure the office will want to address your concern.

HK and China mkts are doing better recently, buoyed by hopes for the G20 meeting. But Bursa mkt is less active, ahead of a holiday tomorrow.

Ask_Check,

I do not think anybody can answer your question correctly. U can send your query on any discrepancy to the company...

There is always a price for each traded counter in a mkt. It will usually move up or down, along with the broader mkt. When the mkt is no good, even a good counter can also go.down in share price.

Theoretically, the share price will reflect the intrinsic value of the company.

After falling 6 big sen last Friday, Prestariang continues its decline today, trading below 60 sen currently. Some punters/investors hoping for a rebound this week are already caught in a booby trap laid down by the operator. The operator has to do this to shake out some and bring down the share price to a lower level, to set up "possibly" for the next sprint up.

On the other hand, the operator is still operating in a "safe" zone for Hua An, waiting for mkt to turn better.

Talking about Prestariang, I just find this rather amusing and irrational, all nicely played out by the operator.

When it was pushed down to 40+ sen, a lot of forumers were so scared and commented that it would drop more, to 30 sen or even much lower. Not many seized this opportunity to buy low. When it was pushed up to 60+ and then 70+ sen, all chased like no tomorrow. The operator was very happy to release the (dumped) stocks to them at much higher prices.

Is this a rational investor behaviour? Maybe, a lot of them feel that higher priced stocks are much better in quality......lol

Yes. Do not waste time here. Pls go and chase the high flying stocks like Prestariang, My Eg Services, etc.

The operators like to welcome u with both arms. Haha..

I mentioned 2 things earlier for this counter's direction. The last quarter's result was out. Next, I am monitoring the big event at G20 meeting.

From mkt talk, something is brewing at this meeting. Let's see how true this is.

Not a buy or sell recommendation. Do your own due diligence!

Today, it is up since morning. The goreng master has changed course today after having tested buying/selling conditions at 21 & 21.5 sen yesterday. 21 sen has become the immediate support for this counter now...

HK mkt has soared. This has provided the basis for today's price action too.

Haha.....only the smart ones know how the mkt works....

Aiyoyo(Old Pussy), my sharing is not meant for you. Go and ask your smarter sifu.....kikiki

Vincent,

It depends on your own investment timeframe/ horizon, plus your own assessment of the company's outlook. You have to make your own decisions.

Mkt is weak currently in the short term, but things can change over a longer period.

Seriously, a lot of retail investors have been "white-washed" by the goreng master. Based on my understanding and observation, the goreng master operates like this:

Market is bad. So, the goreng master started throwing down his own shares at 22.5 sen in the morning, traded down the share price and ended the day to buy back some or all his sold shares at 21 sen and 21.5 sen, hereby making his trading profits.

How?
1. Lack of buyers to counteract the action by the goreng master. Most are too scared to buy!!!
2. Unlike retail investors like us, the goreng master just needs to incur a negligible fee for the churning activities.

So, the actual selling(by contra and panicked sellers) is not high, given the already low share price. So, what you see on the number is far from the whole truth!

Goreng master - my apologies! I have divulged your trade secret, to educate the "innocent" investors!

Mkt sentiments are weak. Most speculative counters are down. This one just follows along...

Well, that is news to me. I will be wary of him.

I just quote what he says. I cannot disrespect his master....

"Aiyoyo, please go follow your old master kyy to buy Lion Industries Corp......kikiki"

Haha......

HK and China mkt have turned positive already. The goreng master seems to set up a road block at 23.5 sen currently? For the weak holders, they can only sell at 23 sen....

We will know the master's real intention from the price movement later...

My investment experience tells me that EPS is used more frequently to value blue chips and growth stocks. For a 20+ sen penny stock like Hua An now, EPS does not matter so much, so long as it is not incurring (huge) operating losses. What is more important is mkt sentiments and mkt demand/supply conditions.

Sapura Energy is a good example. Negative EPS, but the share price moves along with news flows and mkt sentiments.

Result is below many's expectations. But it still shows growth qoq. I think some contra traders could have bought into this counter on strong recommendation by Tipster and panic sell to get out this morning. Coupled with Dow's overnight crash, this gives the goreng master a good excuse to push it below 23 sen this morning....

Closed at 24.5 sen, amidst some profit taking activities. Nothing to really shout about until 25 sen hurdle is cleared beyond any doubt.

Still 25/25.5 sen. I was right about shark's movement. It did not drop below 23 sen in the past 7 trading days.

Contrary to some naysayers(like Paloma), it survives:
1. Oct rough turbulence;
2. Malaysia budget announcement;
3. US midterm election.

Next, I look forward to the coming result release and G20 meeting for this counter's direction.

NB I will drop by only occasionally for my postings here.

Closed at 25 sen today. Up in small steps, with slight increase of trading vol. No clear signs of mass distribution yet.

Looks good on chart. Got to see if the 25 sen price hurdle can be cleared convincingly tomorrow.

Yes, it has dropped to an attractive level. As at last quarter's report, its NTA per share was much higher at 45.05 sen. I believe a lot of bad news could have been priced in. Bought some for the next upswing.

Some of the speculative counters like Prestariang Berhad, Datasonic, My Eg Services, etc have rebounded. See if this counter will benefit from any spill-over play.

The goreng master pushed it down last week to 19 sen to have a 26% return today. Do not get too greedy if you do not have holding power.

Year end lull period is coming....

Mkt is trying to price in a bear mkt scenario. So, share price has to adjust to that. But things/parameters can change over time, this bear mkt scenario may or may not materialise.

In this volatile mkt, mkt operators will try to exploit the situation. How? By pushing down prices until selling dries out. When mkt gets oversold, technical rebound will follow. This is a continuous and dynamic process. That is why I never predict share prices. I let mkt forces decide and always repeat - do not expect higher prices until the 30 sen price hurdle is crossed convincingly.

Investment is meant to be for a longer term period, eg with a 3 to 5 years investment horizon. Why? To ride out the business cycles to reap rewards.

To free up extra cash for his personal use, eg to buy/subscribe for shares, property investment, etc. For the exact reason, only he knows.

Unless the company is going into bankruptcy, it should not drop to 1 sen.

Yes, a lot of pp do not understand. It is not called margin trading. It is just that the majority shareholder pledges a big chunk of his shares with a finance company. When the share price drops and hits the top-up trigger point and if he is not able to top up with more cash and shares, the finance company will force sell the pledged shares in the open market to recover the loan amount.

So, he is forced to sell his shares as the share price is down sharply...

Closed at 24 sen. But the goreng master fails to meet his KPI today, churning less than 10m vol.
His explanation is the weather is rough and he prefers to stay in his comfort(safe) zone....

Here comes the long awaited weekend, after a hectic week.

Regional mkts are weak. The goreng master is undecided if he wants to churn down or stay at safe zone.

We will know in the afternoon...

That is why I said the goreng master operated in a safe zone - away from 23 sen...most could have missed buying too, if not queued at 23.5 sen...

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I can see the goreng master still churning vol at 23.5 sen....a safe zone for him...
25/10/2018 10:39

Closed at 46.5 sen, off the day's low of 45 sen.

Closed at 24 sen.

The goreng master is very "bullish". He signals to us that whoever panicks about tonight can sell up to 1m shares to him. Of course if we throw 1m shares(which he knows it is highly likely for small fries like us), he will quickly remove his remaining buy queues. Lol.

Hang Seng has pared losses. No luck for me, I think, at 23 sen. Moreover, the goreng master has stacked up buy queues at 23 sen before mine.

A lot of pp only know how to sigh on a down mkt. For me, I study how the goreng master makes the moves. Very high level of learning, not available in any financial books...

That is why I can share so much here...

Pls read my earlier posting reply to emil.

Dow futures is up currently. Hope Dow can be positive tonight to bring a rebound in regional mkt tomorrow...

I can see the goreng master still churning vol at 23.5 sen....a safe zone for him...

Yes, I am queuing at 23 sen now...

Closed at 25 sen.

Talking about averaging cost, we need to have a plan. A lot of pp just average cost anyhow and soon they find they are cash strapped.

For me, I just do bottom fishing, with an option for dollar cost averaging.

What to do? This forum thread is in dire need of a good driver. But this is taking too much of my time. Hope to see more quality contributions.

Last night, I was watching CNBC for the live coverage of the US markets. Dow was down as much as 548.62 points at session low, before bouncing back strongly to close only 125.98 points lower. It managed to finally close above 200 day moving average, which is a good sign if this can be maintained at least over this month. October is usually a lousy month where stocks would fare badly.

Bought some at 49.5 sen. Downside risk is limited. Buy to keep at least 3 months for the CNY rally...

Haha...

When compared to My Eg Services which is down 10 sen today, this market operator of Hua An has a relatively easier job. There are no short sellers to push down the counter, except the operator's own doing.