Dr m naturally will come out and try help his son
Besides mokzani , mukriz is successful in becoming menteri besar
my advice is don't read too much into what dr m say, as what he say usually the motif is either political or for the benefit of his own family ..
Having said that dr m shld be happy all his son become successful now
Kencana petroleum previously benefitted from lots of hands out given to the company by dr m who is advisor to Petronas
So today u can see the son becoming billionaire
Great .. Hahaha

If u look at another goreng counter minetech drop from 30 sen to 15 sen (a drop or loss of 50%) then iris drop is not completed yet .. Whoever bought minetech already completely wipe out.. Those bought iris is "lucky" as the "BIG" drop have not come "yet"..
Iris drop from 63 to 52 sen only , a similar retracement in iris could mean it will drop to around 31 sen ..
However there shld be "strong" support at 40 sen , but if that also breach then it may go all the way down to 30 sen

Iris closed at intraday low. It's more likely it will go down more once the force selling starts and contra players will be wipe out
If it breaches 50 sen next week , then it may drop quickly to the
Next "strong" support level which is 40 sen.
After that the share may go into a long coma of inactivity .
As I mention iris at most worth 15 to 20 sen
Avoid this share u will do very well, as all the penny shares are dropping concurrently after profit taking by the sharks and syndicate

Well datasonic game may end soon
if don't believe now u can enter , see what happen
I don't advice any of u to touch all these hot stocks
Just stay away better

Maybe they appointed iris because it's cheap
Cheap doesnt mean good , all use by 3rd world or African countries
U can take a look at ur ic . Is it of good quality ?
Iris earnings of 1 sen a share is lower than someone selling goreng pisang on the streets
Maybe goreng pisang fella can make 10 sen a share ..
And by the way this stock is heading south
So be careful
Obviously that the syndicate has to work with a big shareholder to trap the retailers
That's their modus operandi
Don't get trap

Don't get too fixated by your loses in iris
With ur few shares , U can try to go to their company to do site visit as if iris belongs to u
The fact is , iris is setup just so the syndicate can make huge amount of money that they never dream of making
It will never rewards the shareholder in next few centuries
So don't bother to even look at their financial or accounts which the figures can just be cooked up like patimas
Now that the syndicate have u trap , why shld they push iris back up to "save" u
They will continue to sell slowly by intermittent support so that the share don't move down drastically which will also impact them
Once they are satisfied selling , then they will dump the stock like its worthless
This always happen
So be warned ! :)

It's a syndicate dream stock too
Now they have jack it up 200% can slowly slowly sell to make profit from worthless paper share like iris
To newbies , again friendly warning : u will do very well by ignoring iris or any ace/ mesdaq or it's similar reincarnation shares

On the other hand normal Malay or 99% of malays don't get easy money or big govment contract like Mokzani
Typical Malay still struggle to survive although the Malay agenda was only brought up to benefit a select few families eg the taibs, razaks , mahathirs , Abdullah's etc
Majority of Malay is not benefiting from the old outdated Malay agenda
Who benefit ? Surely it's the elite and crony ..
Some which not elite blood like khairy can also married himself to say Abdullah family to become an elite
Very Few ppl benefits from this "elitism"
Oh and by the way , if we were In a regulated country , it's not legal to award contract to ur son or family due to conflict of interest
Say example dr m is advisor to Petronas , he can't use his position to give the easy contract to mokzani (his son)
There is nothing wrong in a malay to be super rich and successful
Many Malay now become rich via hard work
However ill gotten gain is actually haram

I believe there is cronyism in his son getting contract from Petronas and in his father dr m awarding contracts to his son
But dr m is like that
He can't be prosecuted or charge in court as a "Tun"
So I guess we will just hear from him and his sons

This company actually worth at most 15 sen
It's not worth buying now
Wait for it to drop more

The winner is the syndicate , to them if they can help the big shareholders throw the 1.9 bil of worthless iris tissue paper shares they can get good commission.
I am here to try getting less people donate to the syndicate fund ..
History seems to repeat itself
Previously iris + patimas shoot up and come down abruptly
Now patimas already bankrupt due to fraud , and accounting manipulation
Iris still around so they can goreng this and throw to make easy money

When I tell u to exit its still 57c
As I mention before iris is not a growth stock,
it's a goreng share, no need to look at valuation actually ..
All the news about building paper cheap bungalow is also goreng news
Also iris is not even a midget in plantation , they have no know how or the technology
For a company that make just 1 sen a share , if u value it at high end 15x earnings , the share shld just be worth 15 sen at most 20sen

The guillotine coming
Bail before its too late

I m not the syndicate or sharks
U shld direct ur frustration to the sharks /syndicate ..
ask them to help "save" all of u by pushing the price back up .. Or ask iris boss to fabricate some Nice story and say they getting billions of dollars worth of projects
Which I highly doubt they will do either ..
Now they closing in on the ultimate selling ..

Until Iris deliver the results - its all just some goreng news
as of now it earns only 1 sen per share which is peanuts actually
If u think iris has so much potential u can continue to buy
There is 1.9 billion shares mostly in syndicate , sharks & felda custody and no shortage of supply...
I think they can possibly throw 50 - 100 million share per day if there is enough retailers to absorb..
Now whether u can absorb that sell volume ?
Bottom like is one word : GAMEOVER

They will continue selling

If u want to buy queue low at @45 sen and hope it hit and u sell on rebound
For iris : A company that earns 1 sen a share and with not much growth in revenue and profit :at most it is worth around 12 to 19 sen ,assume PE of 12x.
now it's 56 sen the PE is 34x
The reason it's now 56 sen is purely due to goreng purpose ..
Judging from the comments here , a lot of these ppl are trap in this share...
syndicate and sharks Knows that ..
They will cont
Think about it ..

Today maybe syndicates will push up and sell down again
Be Careful!!

But now if u enter dsonic and inari also u would be asking for trouble as their prices has far outpaced their growth prospect..
Best if u ignore all technology stocks for now
U will do very well by ignoring mesdaq /ace / techno co
here the IT companies are not like IBM or google or Facebook or apple
The local IT co have very little own patented technology or real R&D

A company that make ur ic/passport doesn't mean it's a good company
U look at the ic/passport u have - is it of good quality ?
Then u look at the company and its financials ..
Is making 1 cent per share a good & well manage company ?
Well if u compare iris and datasonic u will notice that iris doesn't have the strong earnings and revenue growth like datasonic or inari or gtronic
Iris is totally as I mention a goreng company
As with any goreng company , run when u suppose to run
Else losses can pile up as there are big sellers who can suddenly dump the counter like its totally worthless

3k profit if u donate , the people who receive whether its ur parents or some charity home, they will be very happy and thank u .., new year they will also send u a card..
But if 3k profit , and u handover to some syndicate as charity , u won't get anything - not even a thank u note.. Your money will just be recycled in the "system" to the syndicate bank account..
That's the "satisfaction factor ..between 2 different way of "charity" - one to the syndicate and the other one to those who really needs the money

When u escape without a scratch or you manage to dodged a bullet
U will feel very encouraging.
As the money u "saved" from the syndicates , u can use it to buy other shares or use it to buy something tangible like a new phone etc Or do something meaningful like donating it to a charity Or give it to ur parents ..
u don't want to be caught in tomoro or a 30% sudden drop
Looking at the zigzag in iris , it's likely to move down suddenly with no warning
Be cautious rather than be sorry later

There is a difference between an investor and a speculator
If u are a speculator , timing is important
When time to run , u better run
Else will suffer huge losses
iris is not a fundamental company
It's a goreng stocks
So while u buy , u shldnt be thinking like u are investing
Iris at best left for those professional to trade
As an average retail investor, u will do very well by ignoring all the so call hot stocks
Go for those value , unknown buys
Trust me u will gain much more over the long run

Well I don't believe in iris or any penny shares ..
What I would like to warn those new into share market that u will do very well by avoiding all these hot goreng stocks ..,Cause tomoro if it drop 30% it won't be ur problem
The moment u have join/buy in , it becomes your problem !

Well not often here u hear ppl talk about the risk aspects of "investing" in these goreng counters such as iris and few others ..
What happens is when they got trap , they will ask more ppl to join..
This is like a buffalo which is trap in the quick sand and the buffalo ask the cow to join in the sand as its very cosy and nice
In the end more animals will also get trap in the same hole
Once the crocodile come all of them will be eaten alive
Moral of the story is : don't listen to blogs or any financials advisors .. They may get u stuck in a stock which they are eager to dump once the price recovers

This is a goreng counter whereby nobody look at the eps
If u think their peanuts earnings of 1 sen per share is good u can hold
But if tomoro it drop another 15 sen , then u need 15 years to recover your capital

Iris if drop further tomoro , everybody will start to sell
If u run now still have chance
Later drop 30% then u will be trap

T+3 , T+4 is coming
Don't become the casualty Of their war

To me this results is nothing spectacular
And the syndicates usually don't see results
They just want blood
If tomoro drop again , I think will be quite bad for those who bought high

This like this :
@60 sen : well I am ok - long term bla bla bla

@55 sen : well I am ok - long term

@50 sen : well I am ok

@45 sen : well I am ??

@40 sen : @&&@@& ! The directors and syndicate, I m bailing out

@30 sen : felda will also start to sell

well some ppl say :
Heart must be strong
Heart must be steady

To play this game , against the big sharks

U can make if u queue low at say 45 sen and hope it hit and sell on rebound
But This is like catching the falling knife which is a dangerous game

As previously Mentioned : iris gameover
After this the stock will go down and go into deep coma
It doesn't matter to me as I don't hold any iris
Just word of advice : if u still have profit just take it before everyone else does

Be careful .. Later in the morning may drop
Sometimes they push up early so they can resume selling later

I believe u hahaha it's a crapco

Relax iris only today drop 7% Sahaja
It has risen > 200%
So u only need to worry once it drop Like another 30%

Pennies stock all dropping like no tomoro
Sumatec is next to drop 10-30%

Today u can still enjoy while still can cause tomoro sudden drop may come

Sharks have not finish profit taking yet
In general all the pennies shares are going down
This signal a trend reversal
From bullish to caution - now everybody will sell
Expect iris to fall 20% to around 45 cents , in fact today low is 51cents !!
If u are ok with that then can hold else better sell

When the guillotine come down
Heads will roll & blood will follow
If tomoro doesn't recover , I think u all know what to do

Fundamentally iris is not worth it's current value
Hence it can only drop
The recent move of all the goreng pennies is driven by syndicate and retail greed
It's gonna go down just as fast

If u notice all the recent hot penny stock undergoing corrections
All of them are red ..
So they move down in tandem

Better switch to new counters to protect ur profits
Iris now is a dropping knife

Yes shld be GAMEOVER after that huge drop (coming soon) the stock will go into a long coma .. This is what usually happen

Tomoro will totally gone case

UMA is just the beginning
Once it is designated and require upfront cash it will be detrimental to those who stuck
History will repeats itself

It had rose from below 20 sen to 60 sen above
About time to put a UMA and follow by designation or upfront cash on this counter

Maybe UMA and designation of iris coming

Big selling coming at 3.30pm
They know the retailers already trap

Runnnnnnnnnnnnnnnnnnnnn