Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
91
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
91
Past 30 days
0
Past 7 days
0
Today
0
User Comments
General
2018-03-23 10:13 | Report Abuse
Sifu Rchi, notice that you will be here very early when there is so called 'big event'....hehehe!
General
2018-03-21 21:08 | Report Abuse
i believe must be some disgruntled 'follower' whistle blow it to SC and that's why SC take an action?
General
General
2018-03-21 17:36 | Report Abuse
SC acts against escalating 'pump and dump' activities on social media
Neily Syafiqah Eusoff
/
theedgemarkets.com
March 21, 2018 16:57 pm +08
-A+A
KUALA LUMPUR (March 21): The Securities Commission Malaysia (SC) today issued a warning to investors over the increased use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate 'pump and dump' schemes.
Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price.
When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.
In a statement today, SC said the commission and Bursa Malaysia recently identified a blog 'Bonescythe Stock Watch' that published various articles containing statements and forecasts that were misleading and deceptive, an offence under the Capital Markets and Services Act 2007.
The blog has been removed following SC's intervention action, it said.
"The SC advises investors to always exercise diligence and verify the legitimacy of information before making an investment decision.
"Investors are reminded to be cautious of the risk of fraud and when in doubt, to seek advice from persons who have been licensed by the SC," the regulator said.
SC suggested investors to always question the intention of anyone who gives free investment advice, differentiate fact from rumour, carry out own research and check with the regulator.
Today's statement from SC comes a year after the regulator told stockbroking companies and investment banks that it had discovered certain groups of market participants using social media and the Internet to carry out manipulative schemes via "pump and dump" activities.
General
General
General
General
General
General
General
General
2018-03-15 16:41 | Report Abuse
Posted by YanHao > Mar 15, 2018 04:34 PM | Report Abuse
HAHAHAHAA, middle finger to UMW!!! XD +1
General
General
2018-03-09 11:22 | Report Abuse
Can someone go to wake him @ Sifu Rchi up? He must be pengsan already! Hehehe
General
General
2018-03-07 09:58 | Report Abuse
Thanks for the call, Sifu Rchi...early morning sudah pengsan kaw-kaw
General
General
General
2018-02-26 12:08 | Report Abuse
Turn up become sabah's lobster...haha... thanks sifu Rchi!
General
General
General
2018-02-08 15:06 | Report Abuse
Sorry sifu Rchi and Pretty life...i have curi2 pop in to your train (c53 and wprts-CT)...TUMPANG HUAT sikit2...
Stock
2018-02-08 13:27 | Report Abuse
Where is the source of your info?
General
Stock
General
General
General
2018-01-25 16:57 | Report Abuse
thanks for the call from pretty life...managed to make some bucks for CNY.
Stock
2018-01-25 10:23 | Report Abuse
Handsome profit from SAPNRG-C39!! Thanks to SAPNRG.
General
2018-01-23 16:53 | Report Abuse
Pai seh, i might be overlooked! No choice, have to wait for another call...
General
2018-01-23 16:49 | Report Abuse
Aiyo...sifu Rchi not good loh because boh jio to sapu DRB together...Anyway, still big thanks for the great call on C34 and C29!
General
Stock
2018-01-09 18:17 | Report Abuse
Stand still....so what is next?? Continue to sleep...
General
Stock
2017-12-22 09:45 | Report Abuse
Can make it as last minute christmas gift? That would be better :)
General
Stock
2017-12-14 12:21 | Report Abuse
Back to hibernating mode!!
Stock
2017-12-07 15:19 | Report Abuse
still not enough! More power up please.
General
2017-11-07 11:41 | Report Abuse
Time to shout 'Huaatt Rrrrr'?? Thanks sifu Rchi for the call!
General
2017-09-29 14:19 | Report Abuse
The result was announced on 03 August 17:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5505849
Today's announcement is regards to the amendments on 'Net assets per share attributable to ordinary equity holders of the parent ($$)'
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5557969.
Will this affect the price?
CHRISSYCONN
2018-03-23 10:15 | Report Abuse
Indeed, you are! On leave also come back...hehehe!