Don't get me wrong, I'm still holding with lots of paper losses but I'm really pessimistic about this. If it's gonna fall to 6 sen with heavy selling tomorrow and Monday I'm definitely cutting loss because game is over.

If you look at the financial track record, this quarter (Q3) is supposed to be the best quarter yet it's worse than Q3 last year and even last quarter (Q2) is worse than Q2 of last year, in terms of revenue or profit. NTA hasn't increased over the years at all. And next quarter is going to the worst quarter with dozens of millions of write-offs and impairments (look at Q4 across all previous years).

I fail to see how this Qtr Report is any good at all. In fact I'd say the fundamental value is probably 2 sen at this point, worse than before.

@faizal you seem to be very optimistic. Why do you think 6.5 sen is a good price to enter? Is it because of future prospects or quarter report or technical? Would like to know.

My only hope is that the syndicates will pump 1 more time i.e. second wave to dispose, maybe to 13 sen, but if they've already left then it's really game over.....I'm not going to wait here for 5 years and get stuck while other counters are better choices in terms of technical or even fundamental.

I'm still holding but I thought Qtr Report wouldn't come out so soon.....this is slightly unexpected. And the figures really don't look good, even if it is, it has been priced in already now that the share price has doubled from 3 sen. The new deals won't start earning money for a few years and there really aren't many catalysts to pump the price anymore now that that everything has been announced.

News out already will drop? Quarter report doesn't look good

@Smallfishhatesshark Today's selling volume is considered very high. Net selling can't be compared to net buying, usually net buying will have very much higher volumes than net selling, this is true for every stock, unless the selling is due to some very major reason that is publicly known, like IWCity limit down earlier this week.

But like what some of you pointed out, the buy rate and buy volume could be completely fake, and the DBT could be due to the syndicates shorting the stock and 'covering' the position. So I guess the questions are:

1. Is the game still on? Are the syndicates still playing, or only ikan bilis left? Today the buy rate is so horrendously low compared to any of the previous days, and the selling is nearly 50 mil, much higher than any other days. Does this mean that game is really over and syndicates have left?

2. What does the DBT imply? Does it imply that some shark bought 5 mil ringgit (62 mil units) of NETX at 8 sen and 2.5 mil ringgit of WB (62 mil units) at 4 sen, and they intend to pump it higher than 8 sen to distribute 2nd wave? Or does it mean that the sharks are shorting NETX and WB, so they're dumping heavily (just like today) back to 2 sen? Or does it mean that they have finished shorting (covered the short) and are going to pump 2nd wave after collecting cheap at 6/6.5 sen?

3. What does the high buy rates and high buy volumes over the past week imply? Does it mean that the sharks keep collecting at every price level, ready to pump higher than 11 sen in the 2nd wave? Or is it all fake volume to trick people to buy so that they can distribute?

Make no mistake, with normal chart analysis, this looks really bad, I'm only holding because of the high buy rate and buy volume and the DBT of 62 mil units each for NETX and WB at above market prices.

Today is the first time where buy rate is below 70%, in fact sell rate is 80%....not sure what it means. Could it be that 6/6.5 is the bottom? Or is it that the syndicates don't bother to fake the buy rate/volume anymore because game is completely over?

Very heavy selling today 40 mil done at 6.5 sen

Need more buying volume. Hope afternoon will have better sentiment

Heavy selling today...hope game is not over.

Slow and boring day

If son up means good news for mother

DNEX is experiencing some rebound today, will NETX follow later?

Boring day

Up or down today - any guesses?

Why gap down? Any reason?

Unless the DBT is also fake and 'changing hands' then in which case I really salute the syndicate for running a holistic multi-channel scam that really fooled this old penguin.

I mean, I can picture how they can create fake buying volume by changing hands, but if that's the case why isn't this tactic used for GLOTEC or KGROUP etc etc. Surely syndicate tactics weren't born yesterday. But this is the first time I've seen anything quite like this - constant high buy rate and high buying volume with high volume and above market price DBT for both mother and warrant but yet price is still downtrend.

@ahlairich Possibly but I really don't know if that's what's happening here. When a stock consistently places 1st or 2nd in the most active list for the past week or two, I'm sure there are more than a few syndicates operating independently of each other who are competing for the price.

Ikan bilis will never pump price. Ikan bilis only react to price changes, they are market driven, not market drivers. Need shark to pump price. So whoever who bought 62 mil units at 8 sen, hope you have more funds to pump to 11 sen and beyond.

Hopefully. 62 mil units isn't a lot when compared to the total volume transacted in the past few days which adds up to nearly a billion units. I hope that whoever bought the 62 mil units at 8 sen realizes that they need to immediately start pushing the 2nd wave to 13 sen to dispose because 8 sen entry price will never pay off as a long-term investment, not for a very long time. 4 sen maybe, not 8 sen entry price.

And also hope the shark didn't spend all the money on the 62 mil units of NETX and 62 mil units of NETX-WB. Shark needs more bullets to pump the price to 2nd wave distribute also.....can't just rely on ikan bilis to help pump.

Those people who are asking me if I'm going to cut loss, no, I'm going to hold for now, but I'm not going to top up unless there is good buy rate and good buying volume and good positive intraday momentum.

My entry price this time was 8.5 cents, like what powerrangerhuat said, to me, it looks very well engineered to make the price trend look bad, although I won't deny that I am getting worried, not because I have paper losses, but rather, because everyone here is having paper losses as well, and when everyone loses a lot and starts to panic sell, then everyone will lose everything.

Basically, I'm worried that the syndicates are killing the momentum too much (which is also at their own expense if they're the ones spending all their time and resources to 'fake' the buy rate and buy volume and then selldown at a loss)...when the public lose patience and lose faith, the shark will have a hard time pushing it up and the price will crash.

I don't know about Maybank. If Maybank also uses the ExcelForceMSC plugin then procedure is the same, you can try right clicking and select Direct Business Transaction. Or try to find something related to 'Off Market' etc.

@HollandVillage right click on NETX and NETX-WB, select Direct Business Transaction

I won't deny that the price trend is definitely downwards - if you only consider price, yes, by all measures and all indicators, MACD, EMA, RSI, momentum, stochastic etc etc they're all clearly trending downwards.

But price is only 1 dimension, volume is the other dimension. If low volume up and high volume down means there is net selling, if high volume up and low volume down means there is net buying. You can't just look at price in isolation.

Either the syndicates are very stupid or very smart - either they're so stupid that they keep buying high and even do DBT but yet keep selling low to kill momentum for absolutely no reason (when they can just pump 2nd round and distribute at 11/12/13 sen), or they're so smart that they can distribute while maintaining 80% buy rate every day at 200 mil volume and 70 mil volume buying at each price level per day and 62 mil units NETX at 8 sen when market price is 7 sen.

I don't know, but it's clearly either or.

I analysed KGroup and Glotec, zooming in to 15 min level, during the decline, when price rise - low volume, when price drop, high volume, that's why it's clearly distribution. But for NETX, I analysed 5/15/30/60 min level, when price rise, high volume, when price drop, low volume. The On Balance Volume and Volume Accumulation-Distribution are also uptrend and positive for 5/15/30/60 min intervals for NETX....that's why I said, if they still manage to push price down, I really want to learn from them how, I don't mind losing money this time, rare learning opportunity.

If the syndicate really could maintain on average 200 mil volume every day with more than 80% buy rate with 70 mil volume buying per price level per day and 62 mil units of NETX and NETX-WB each at above market price and still manage to push prices downwards.....that means this syndicate is really smart and I'm willing to lose money as learning fees to learn this lesson.

For CIMB itrade, change 'Normal Board Lot' to 'Off Market' and you'll see that NETX and NETX-WB had 62 mil units each transacted off market at 8 sen and 4 sen respectively

Impossible to click wrongly to buy 62 mil units each for NETX and NETX-WB off market. Ikan bilis like you and me can't do Direct Business Transaction, usually it's for corporate accounts or new major shareholder/director.

If you use Hong Leong or Kenanga or any platform that runs on Excel Force MSC, right click NETX and select 'Direct Business Transaction'. You will see the details.

I don't know. First time seeing syndicates so stupid like this. Buy high at high volumes, then keep selling low to kill momentum. Very stupid.

Direct Business Transaction - NETX and NETX-WB

4:06 pm - 62 mil units (5%) of NETX at 8 sen (market price 7 sen) for RM 5 mil.

4:08 pm - 62 mil units (10%) of NETX-WB at 4 sen (market price 3.5 sen) for RM 2.5 mil.

Who is so silly, buy at 8 sen to sell at 7 sen and buy at 4 sen to sell at 3.5 sen.

NETX-WB also 62 mil units transacted off market at 4 sen for a total value of 2.5 mil at 4:08 pm

Means that 5% of the total shares were transacted off market today at 8 sen for a total value of 5 mil. Means that someone actually bought 5% of NETX at 8 sen when the market price at 4:06 was 7 sen. Tell me if this makes any sense at all.

So much transacted at 8 sen still selling at 7 sen for what?

Direct business transaction at 4:06 pm 62 mil shares transacted at 8 sen for a total value of 5 mil representing 5% of total shares.

Heavy selling at 7 sen but seriously? They played all those tricks between 11 sen and now down to 7 sen just to distribute some 35 mil units at 7 sen? Doesn't make sense at all....they could've distributed at 10 sen, why dumping at 7 sen?

If ikan bilis all too scared to buy they can't distribute.

If they kill momentum too much the stock will collapse. They have to be careful too.

I mean, there are better ways to distribute. If they're really right hand selling to left hand, not only will they have to pay lots of brokerage, they're also killing the momentum and selling at lower prices than they could have if they had just let NETX rise a 2nd time.

Seems like an overkill to buy 70 mil units per price level per day just to sell 10 mil units.

Maybe, not sure. Selling volumes weren't particularly high though.

Not sure what syndicates are doing....buying at 8 sen and sell at 7 sen.....they're making huge losses

Look at how much sold at 7c over the past few days....so few

More cash to top up NETX

Nevermind, I sold FOCUS already