Calvin,

Shark is usually referred to as the major operator of a penny stock counter in a stock market context. He can decide how much the counter is worth based on a series of factors. He uses his influence via his buy/sell volumes.

For the blue chips, the usual term to use is "Big boys".

Why the difference? It lies in the mindset of the operator.

Humbled, I am back. Did not monitor this counter for the past 2 days. Came back afresh.

Just took a look at the trading stats:
Tue, Mar 04 2014 0.210 0.220 0.210 0.215 6,567
Mon, Mar 03 2014 0.210 0.210 0.205 0.210 16,431

This counter still has a strong support at 21 sen. Shark is still collecting at 21 to 21.5 sen in a consolidation phase.

No news is good news. Ha! Ha!

Humbled, I will only do my posting after my trip. Meanwhile, take care!

Humbled, I am keeping my PM Corp shares in cold storage. Will be away on a short trip. Will not monitor it for the next few days.

Many of our forumers have sold this counter. I think they may not need our update too.

Ha! Ha! Trade at own risks.

Timl, I was just guessing. The market was trading with buyer at 21.5 and seller at 22.5 sen. Who would want to sell at 21.5 sen, if not for last min forced selling?

I could be wrong.

It is just moving down along with the weak penny stocks market. When market is no good, most stocks will go down. Even punters' favourites like Iris, KNM, Silk Holdings are down too. What can we expect out of PM Corp?

For all you know, penny stocks could have entered in a consolidation phase. Got to be careful with trading now. No contra playing.

Ha! Ha! Trade carefully.

Timl, there is some forced selling of 63,000 shares at 21.5 sen.

Kukuman, most players are seasoned players. We try to keep the shares for a capital gain on any asset disposal. That is the play for an asset-rich company.

Ha! Ha! Trade at own risks.

mfaizalm80, keep us posted on any findings. We need reliable info from different sources.

There is a price for everything. It could be a sell at 30 sen, but maybe a buy at 21 sen. Only the shark may decide how low it should be worth, when market is devoid of buyers.

Ha! Ha! Trade at own risks.

Swingtrader, I went in on Monday, only a small trade, to test water. Thought I could make some coffee money.

Swingtrader, I believe there should be a technical rebound too. Only thing is I went in a little too early on Monday.

Wow, you are closely monitoring this counter?

AyamTua, maybe a 3rd type: the price has dropped way too low and the shark is pushing it up a little.

Hope my analysis helps. Trade at own risks.

Humbled, where are you today? Never see your postings?

mfaizalm80, yes I knew you did not play contra as we spoke the last time. Only surprised that you sold today. It is a good thing that you took a profit first.

mfaizalm80, the profit was from the sale of an asset earlier. It did not make an operating profit in the last quarter.

That is why I always say this counter is not meant for contra trades. You may not know when the shark wants to push it up.

Johnny, like what I said, it is T+3. Some contra players have to get out today.

Look at Salcon Berhad, good results just announced and share is down 3.5 sen now. Market is weak.

AyamTua, in a down market, only 2 types of counters will buck the down trend:
1. Solid counter with strong fundamental;
2. Shark is just pushing up the counter to offload.

Which is which? You have to make a judgement call yourself. Good luck!

Most other counters will just follow the main market down. This is the time that sharks may start to collect for the next wave up.

mfaizalm80, you sold your shares too?

What to do? T+3 and most penny stocks are on cheap sale. No buyers and only sellers? Shark can push it much lower.

Calvin,

You asked AyamTua to park his money back in PM Corp. Did you increase your stake recently? If not, it is very difficult to make a convincing case for others to follow.

Just my views.

Humbled, now you have learnt to operate like the shark. Sell high and buy back lower. Ha! Ha!

Johnny, you cannot expect investors to push up the price now. Bad market sentiment and poor 4th quarter result. You have to rely on the shark to push it up to say, around 25 sen level after all the selling is over and/or market sentiments turn better.

Just my views only. Not a buy/sell call.

Johnny, today Bursa is down 4.11 points now. 184 counters up, 484 counters down and 270 counters unchanged. PM Corp is one of the unchanged counters now.

Compared to most down counters, isn't it a good sign? It still has buyers queuing to buy at 22.5 sen, no need to rush for the tiny door of exit.

Humbled, you did a great job to hold the fort here - giving an analysis of shark's movement.

We probably had not mastered the skill to cuddle the shark the right way yet and it was throwing its tantrums last 2 days. Looks like I may have to keep my recent trade slightly longer now.

Good thing is I had disposed some Insas shares to lock in a profit. This can offset a temporary setback on my PM Corp recent trade.

Ha! Ha! Trade at own risks.

Humbled, I could see that the shark churned 100,000 shares trading at 23 sen. The penny stocks market looks weak today.

I will be out the whole day today.

Humbled, that's why I always say there is a silver lining in every cloud. Be positive. Sunrise will brighten up the sky after sunset.

We must operate like the shark, collect more when ordinary folks are dumping their wares in a distressed sale.

Be a contrarian.

Mike, glad to hear that your stocks are moving. Good luck!

Mike, then what are you waiting for?

Mike, hold for an asset disposal, like what you said.

Mike, hope what you say about the 10.5/15 sen TP can come true. Do not make me happy. You have failed me 3 times already. Anyway, I just tried a small amount to test water today. I reserve loads of huge ammunition to collect at below 15 sen.

Ha! Ha! Trade at your own risks.

Humbled, I bought the additional shares today just for some coffee money. Hope I do not have to hold it longer than T+3.

Will see how it goes these few days.

Not a buy or sell call.

Humbled, you may be right. The 900 lots queuing is shark's own queued volume. It probably just wants to scare the rookies off, when sold down. If no follow-through selling, then we are fine.

Wow, my Insas is going up some more. Sold some of mine too early?

Ha! Ha! Trade at own risks!

Humbled, the shark really knows how to churn the trading volume. Hopefully, it gets rid of contra and weak players!

When the going gets tough, only the tough gets going!

Ha! Ha! Trade at own risks.

Humbled, 1 lot of Insas can exchange 4 lots of PM Corp. Why not?

I am getting 1 sen dividend on my sold Insas today too!

Ha! Ha! Trade at own risks.

Humbled, managed to get some at 23.5 sen.

Humbled, I am queuing to buy as I missed out the last round of the price action. I think I can make some coffee money queuing at 23.5 sen, for a rebound.

Do not follow me since you have sold some this morning. Do not waste brokerage.

Shark wants to tempt me with 100 shares done at 24 sen. But I only want to buy at 23.5 sen. Queuing for 30 min already.. still queuing.

Ha! Ha! Shark is a trusted friend if you know how to cuddle it.

Humbled, I just sold some Insas to get extra bullets. Currently queuing to buy PM Corp at 23.5 sen, to support the shark.

Ha! Ha! Trade at own risks.

Of the 2 laggards that I have, Insas and PM Corp. Both ran up on the same day and also announced results on the same day. One still running up, but the other coming down.

On balance, there is no drop in my portfolio value. This is the beauty of diversification.

Ha! Ha! Be a contrarian. Never follow the crowd!

Humbled, when I say a technical rebound, it should be higher than 23.5 sen, likely between 24.5 to 25.5 sen.

Just my views. I can be wrong too.

Mike, not to worry. I am still waiting for your prediction to come true. So far, wrong for 3 times.

Ha! Ha! Trade at own risks.

I think there should be a technical rebound after all the selling.

Ha! Ha! There is always a silver lining in every cloud.

Humbled, it is not the time to sell now. Shark is still collecting and its min cost is 23.5 sen.

23.5 sen is seen as a strong support set by the shark now. When many are selling, do not follow the crowd. Wait for a better time to sell.

Just my views. Trade at own risks.

Mike, why make yourself unwelcome here. Go to the other forum where your service is needed.

Nobody can tell accurately how a counter will eventually perform. Otherwise, you would not have sold Iris at 44.5/45 sen when it was trading at 58.5 sen last Friday.

Humbled, you have almost summarised what I have to say from the 4th quarter's report. Let me approach it from the trading perspective:

1. Penny stocks are lifted by positive sentiments on penny stocks play(or rotational play) and the shark has attempted to move it higher amid selling from our forumers between 23.5 sen to 25.5 sen. In other words, the shark has a vested interest to move it or support it higher for the time being until their shares are offloaded;
2. This is supported chartwise, it looks positive short-term, trading above 50 day moving average;
3. Based on 4th quarter's result, NTA per share came down from 47.45 sen(3rd quarter's) to 46.99 sen(4th quarter's), a drop of less than 1 sen per share;
4. When the 3rd quarter's result was announced, it was chased up to 30 sen, before profit taking brought it down.

Whatever it is, we will only know how it is faring next week. Unless there is a real resolve by the management to improve on its operating profit, there is likely a cap for its share price to go beyond 30 sen. So, it is at best an asset play for the time being.

Just my views only. As investment entails some amount of risks, please consult an investment adviser for a 2nd opinion, if in doubt.

Humbled, RCE Cap's quarterly result:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1544409

Zu1967, very fast action. Congrats! Hopefully, the shark will use your shares to push up higher, when the time is ripe.

Nobody will know for sure when that ripe time will be. Of course, it is good that you have taken profit when there is.

Look at Iris. The shark is using the shares collected to push it higher, making some punters to buy back at much higher prices.

Ha! Ha! Trade at our own risks.

Humbled, the market is weak and there are sellers in the market. Now, the shark is taking a defensive stand. Perhaps, you might want to wait for the release of the 4th quarter result to decide on the next move, since you have waited long enough.

For those who are risk-averse, they may consider exiting now. The shark is very generous, offering 25 sen to take their shares, before the quota is reached. The door is wide open.

Ha! Ha! Trade at own risks.