Volume are small 2,200 .. the price not moving much 1.29 - 1.30

Sleepy counter ah

This is another counter that is very slow to move .. cannot even break 70 sen barrier

Bursalord - everyday looking at this couner ... very sleepy lah, when this going up ..god knows

not exciting at all ... slow moving despite this was one of the top stock recommended by the Edge

Gila betul lah ...

Queing at 0.30

SAPNRG trading in the range of 0.315 - 0.330 for so long.
Got stuck in here for so long. Price does not go up :(

Still around 0.505 - 0.535 range. Hopefully can break 0.535 today

Today doing great ! Hope can climb higher to next level to break 0.60

Thank you Masterhead for sharing your experience !!! Yes I hope very much this stock will go higher up :)

ChineseNewYear - well let's us hope ..for the best

good morning everyone. Let's hope today will be the good day for TASCO moving upwards.... wake up .... get moving please :)

target price sound very good at 1.64? Still long way...
Looking forward tomorrow - hope they will fly

peachgirl - yes .. not moving at all.

I am glad that this forum made of light minded people. Thank you

THANK YOU VERY MUCH spinninglotus for the clear explanation.

I also hope HwangDBS fella meets his maker.

BTW, how do you know or find out that this idiot big player are playing IDSS?

offshore - noted and thanks

Oh my after reading it - I don't fully understand it.

Intraday Short Selling (IDSS) in Malaysia, finally.

April 17, 2018 General


Finally, on the 16th of April 2018, after a 20-years ban on short-selling in Malaysia following the 1997/98 financial crisis, Bursa allows intraday short selling (IDSS) in our local bourse. Such desperate initiative is implemented to encourage retail participants in our market (which has been staying at around the 20-25% level, a far cry from its peak of more than 40% 20 years back) and comes at a surprise given that the top 7 government-linked funds own more than 40% of all public-listed shares in Malaysia and any moves that would possibly push the market value of the fund down should not be welcomed. My guess is that Bursa had done its’ work and believes that allowing IDSS shouldn’t be damaging to the market as a whole while giving the retailers more option to profit from the market. I’ve been talking to relevant people in the industry and had my account ready to perform IDSS these 2 days and with the information gathered, I agree that the impact (risk of huge daily sell-off, and spike in volatility) of IDSS should be minimal, at least in the near term. Here’s why.




To start it off, not all shares can be shorted. Market participants could only short-sell a list of 280 Regulated Shares (this list will be updated every 6 months and shares that can be shorted have a ^ symbol beside the stock’s name), which after further check, comprises mostly of big companies with sufficient trading liquidity. From the information I gathered, there should be enough buyers to absorb any additional selling pressure created by IDSS, thereby mitigating the risk of sharp sell-off CAUSED mainly by short-seller, given that the amount (volume) of short-selling done by PDTs/firms who are allowed to do regulated short-selling (RSS) all the while are pretty much negligible compared to the average trading volume of the regulated shares and retailers who are genuinely interested and is expecting to perform IDSS frequently are rare breeds. To top that, bursa disallow IDSS whenever a regulated share price drop by 15% and that the maximum allowable short for any given regulated share stands at 3% of the total outstanding shares. Again, these measures should mitigate the risk of sharp fall caused mainly by short-selling activities. The fact that intraday short-sellers need to cover their positions by 4pm every trading day (technically), means that there will be additional buying (on top of the usual buying) to support share prices toward the end of the trading day, thereby cushioning any dip in share prices.



While daily volatility is expected to increase with IDSS, it should happen VERY gradually, given that most participants are not familiar with such a practice of selling first then only buying back the shares sold later. Even in countries where short-selling has been a norm, people are still culturally more comfortable with taking long positions than shorts (some people even believe that shorting is not an act of patriotism) and I don’t expect Malaysians to be different unless market volatility continue to increase such that participants are forced to look for alternative ways to make money from the market. As long as the intraday constraint is not removed, I believe, any risk of huge sell-off and volatility spike caused by short-selling activities should be contained.



While the allowance of IDSS does provide an alternative way to make money, I do not suggest the faint-hearted to perform IDSS as it is tougher than it sounds. Do contact your dealer and understand the risk better if you are truly interested in it.

OK IDSS Intraday Short Selling - got it from google

spinninglotus can you please share what you mean by IDSS ?

yes .. we keep hoping ..HARAPAN

crurhead - What do you think is the target price?

Is going lower a good sign? Does this mean there may be a rebound soon??

wow ..its going lower !!

CITADEL why you said later become PN17? Are you working with Anzo until you know the insider story? Or why casting this bad spell ... PN17?

I still keep my Anzo unitl today .. holding on for more than a year and keep accumulate whenever I can. So far the stock price remain within 0.045 ~ 0.005 - I hope Anzo will rebound.

flat @ 1.29 !!!!

bad bad bad ....:(

why this stock is nose diving ?

Bursaload - when do you think this stock will start to take-off. So far not moving .....
Any estimation please

When we can see the rebound of SAPNRG? Anyone ?

not moving ...still at 1.29 :(

JokerT - I hope you are right. Have been waiting more than a year to see it fly but it keep nosediving instead of climbing up :(

coming when???? any indicative its coming ???

still going down ... ?????????/

Hai Ya... this forum is on share investment... hope keep it that way please.
Can anyone give an insight of SAPNRG...why the stock keep going down. Any chances that they will climb up at least to reasonable level.

my average price is 0.495 so anything above that will be in green :)

is this stock got potential to fly?

SAPNRG CEO is not doing his job ka? His earning should be in tandem with the stock price la...

1kg of chicken feed cost RM12.00 whereas SAPNRG stock around 35 sen ... Gila dedak cost more than this share.

No wonder we can see so many dedak yelling here and there in public places showing their protest to please their political masters.

O&G share prices look like cheapskate ... but how come it's CEO earned insanely very high?

price still down today:(

https://www.theedgemarkets.com/article/pintaras-jaya-sees-earnings-rebound

Rebound?

Velestro & SAPNRG suffers the same fate now.....I hope the O&G companies will recover soon. But don't know how soon? Hope like JJchan said before CNY2019. If that can become reality than it makes more logical to accumulate O&G shares now.

Anyone have any views please?

Thank you peachgirl. Today most of the counters were down... hopefully market will pickup.

peachgirl - what made you think that Tasco will break RM2.00 ? Can you share please

now at 1.380

hibernating? .. I have waited more than one year already ... ..why so quiet?

Can anyone help to explain what is Velesto-WA? Is it good to take up WA? If yes why?

OMG why this O&G shares can be so low below 0.26 ?