My guess is correct. It's now 4pm and 36 sen.

Roller coaster stock. Better to collect PWORTH or MUIIND at 0.235 to sell at 0.265/0.28 next week. This one is a falling knife. Game over for Anzo.

@luckyeveryday P/E is only relevant for value investing. PWORTH is clearly a speculative technical trade, hence P/E is irrelevant.

That's why there tends to be a negative correlation between KLCI and pennies. If KLCI is doing well, there is no reason to trade speculatively. But if KLCI is down, then traders will have to trade pennies to fulfill their daily target profits.

KLCI is the composite index of the top 30 companies on KLSE by market cap, if KLCI is negatively impacted, that means blue chips are down. Unless traders short the blue chips to make money in a bearish market, they would otherwise switch to pennies and small caps instead for short-term play while waiting for the KLCI stocks to recover.

PWorth has the best chart trend in my opinion, SKH and EAH are ok but might be a little slow.

Why would anyone want to buy a clearly downtrend stock like Hubline, beats me. Value has been dropping steadily since stock consolidated in Feb with no end or reversal in sight. Try something better, anything but Hubline. PWorth, Dnex, Muiind, so many better options out there.

Slight rise today but chart doesn't look too good guys, might want to wait for a bullish signal to actually enter. Try out PWorth in the meantime, chart looks better there.

DNex is consolidating in the meantime, might want to consider moving to PWORTH for a few days. Potentially quicker rise there, return to DNex after cashing out.

All this talk about MUIIND being a 'value investment' is really just a rationalization/justification. The fact is, MUIIND, PWORTH, DNEX-WD etc are all speculative technical trades, and of the three, PWORTH has the best chart trend, followed by DNEX and finally MUIIND, which is beginning to show some signs of weakness. Might want to consider switching to other counters while MUIIND consolidates.

@luckyeveryday Thanks :)

@bleuerouge, you might be able to sell 43/44 tomorrow but beyond that it'll be a falling knife.

MUIIND chart is ok but PWORTH chart looks slightly better. MUIIND is higher risk higher reward (24 sen to 28 sen) while PWORTH is lower risk lower reward (25 sen to 26.5 sen/28 sen).

Might consolidate for some time. Can also consider other counters like Pworth or Muiind.

Open 0.25 tomorrow, high 0.26 or 0.265 (maybe), low 0.245. Might need to clear some stubborn sellers at 0.26 before 3rd Elliot wave to 0.28/0.30.

The LOI deal news came out on 14 April (Friday) which coincides with the bearish engulfing pattern which broke through the 56 sen support, then on Monday, the huge red candle broke through the 50 sen support. The 2nd Elliot wave has been completely disrupted and it's clear that the syndicates have sold most if not all of their holdings last Friday and moved on to new active counters this week.

IVAN2222 is definitely exaggerating but I don't think he's entirely wrong. If Anzo can't even rebound past 44 cents, what hope is there for those still holding at 50, 60 cents? At best there might be some consolidation around the 0.35-0.45 range for a few days, but ultimately, it's clear that the trend is headed for pre-speculation levels of 0.20. Even if there were some miraculous rebound, Anzo will probably not go beyond 50 cents.

@Ivanding you trust me? I'm honored. Don't need whatsapp group, just follow me here on i3investor. I'm just an average trader with some experience and money. I don't usually give recommendations but I definitely give warnings when game is over.

@stayfocused I'm just a seasoned investor with some experience and money. Look at the charts for Pworth, Dnex, or Muiind and compare them to Anzo. It's clear that Anzo is the worst of the active counters and Pworth is probably the best. These facts are pretty self-evident, I'm not 'promoting' so much as sharing my insights that Anzo is game over and people should switch to something else.

IVAN2222 actually has a point, if it rebounded past 0.44 YESTERDAY then yeah there might be some rebound but today is clearly a momentary correction from overselling (bear trap) by day traders who have sold off most of their holdings today at 4pm @ 0.42. Look at the chart, the bearish trend is so clear. Forget this counter and move on to other stocks like Pworth, Dnex, or Muiind. Anything but Anzo, really.

My guess is 2moro open 43, high 44, low 35, close 36.

Regardless, let's stop harassing IVAN2222. No point arguing over spilled milk. Just forget this stock and move on to other active counters like Pworth, Dnex, and Muiind.

Even if it rebounds to 0.44, the highest it will go is 0.50, but is it worth the risk? Overall, the trend is down, temporary correction is only due to day traders. The syndicates have left already, game is over.

Tomorrow might open at 43 sen but still downtrend, useless to hold, just cut loss and move on to other more active counters like PWorth, Muiind, Dnex etc. Look at the chart, it should be pretty clear.

My guess is there won't be sudden dumping today because the day traders have already exited just now. Closing = 41 sen.

I'm guessing 41 sen, any other guesses?

No chance of Anzo reaching 0.44, if close at 0.41/0.415 you can count your blessings.

Mark my words - if lucky, today will close at 41 sen, tomorrow will open at 42, but will plunge to 35, then 30, by end of this week or next week will be 20 sen. Unless you can short this stock, stay away. Game over. So many other counters waiting - Pworth, Muiind, Dnex, why get stuck here?

This stock fast up fast down, risking your health to earn a few sen, not worth it. Trend is bearish, heading for pre-speculation levels of 0.20. Why aren't people cutting their losses and moving on to greener pastures, I don't understand.

Game over. Day traders trading on oversold correction this morning are now dumping. Cut your losses and move on to other stocks. So many to choose from - PWORTH, Muiind, DNex etc etc.

@ultrainvestor exactly, which is why, when technical trading is concerned, Anzo chart looks really bad. Sure you can buy on the hopes that this LOI deal will work out but are you sure that the deal value hasn't already been accounted for in the rally from 20 cents all the way to 60 and now 40? It's clear that at least in the near term the game is over for this stock, you'll be trapped for a few years if you enter today until the LOI deal pays off in 2020 or something. Might as well switch to other counters with uptrend movement.

I mean, just ask yourself, would you invest in Anzo for 50 or for that matter 60 cents a share? If the answer is no, what makes you think that anybody will buy from you at 50 or 60 cents even if you entered today at 40.

@ultrainvestor Pworth is not for value investing. It's a technical trade. Buy today at 0.25/0.255 and sell this week or next at 0.265 or 0.28. If you're looking for value investments, pennies and small caps are clearly the wrong place, at least in the recent context. Johan, muiind, censof and whatnot are all technical trades, as with PWorth.

@ultrainvestor if there is a strong uptrend later today then there might be a very small chance that there will be a temporary rebound but is it really worth the risk? Even if there is a sharp rebound today which is itself a highly unlikely event, the overall trend is clearly bearish. What's the point of trading risky intra day corrections when you can move on to other stocks with uptrend.

@ultrainvestor regardless of whether this LOI deal is fake news or not, Anzo is clearly not for value investing, at least not at current inflated speculative prices, if you're talking 20 cents then yeah sure. But at 40 cents it's clear that most of the market cap is from speculative activity from syndicates, and now that the news is out and the stock is being dumped, the game is over.

I'm just a seasoned investor sharing my insights. I've seen many cases like Anzo over the years. Really no point wasting time on game over stocks, you lose out on better options. You all can judge if I'm correct.

@Ultrainvestor judge for yourself if what I say is right or wrong. Compare the charts of Anzo or even recent plays like Muiind and Johan with PWORTH. You'll see what I mean when I say that PWORTH is the best bet out of the small caps and pennies that are in play right now.

Useless to buy WA or WB of Anzo if mother share is falling like a rock.

Don't listen to IVAN2222, there is no hope for Anzo to ever reach 0.44 or above in the near term. Just look at the chart, do you really believe that there will be any reasonable chance of a rebound? The 'fake news' is already out, the game is already over. Just cut loss and move on to other stocks.

Just need 1 more wave to clear 0.255/0.260 and it will reach 0.28 no problem.

Rather than risking your capital with Anzo, might as well buy PWorth at 0.25/0.255 and queue to sell at 0.265/0.28/0.30. Chart trend is way better and game is still in play. Anzo LOI is possibly a total scam as I've mentioned earlier, right hand throw to left hand by MD who owns both the issuer and receiver of the LOI.

The LOI is right hand throw to left hand by the MD of Anzo himself, just fake news to pump and dump the share price. The game is over...cut loss and move on to other counters still in play like PWORTH etc.

The entire LOI deal smells of a scam. The company issuing the 'project' LOI is owned by the MD of Anzo. LOI doesn't need to be honored, that means the MD of Anzo could be issuing 'fake news' to pump and dump.

Read the 2 paragraphs below from The Star on 17 April (Monday, yesterday)

Anzo Holdings Bhd has secured a contract worth up to RM1.21 bln from KL Northgate Sdn Bhd to build portions of a mixed-use commercial development.

KL Northgate's major shareholders are Transcend Development Sdn Bhd, Datuk Eddie Chai Woon Chet — who is also the group Managing Director of Anzo. (The Star Online)

PWORTH has the best chart compared to other small caps and pennies like DNEX/DNEX-WD, JOHAN, and MUIIND. PWORTH is still holding strong despite recent selling pressure. 26.5 cents in the near term shouldn't be a problem, might even move on to 28 or 30 next week.

DNEX-WD is a little slow because DNEX is consolidating. PWORTH might be faster in the near term. You can switch back to DNEX after that.

DNEX is a little slow due to consolidation. PWORTH might be faster in the shorter term. You can switch back to DNEX after that.

Look at the chart. Bearish engulfing on 14 April (Friday) and sharp drop on 17 April (Monday) past consolidation/support at 0.50. The game is over. Small correction (bear trap) today due to overselling but once day traders sell their holdings later today, Anzo will continue to drop to 0.15-0.20 levels because the game is over. Forget Anzo, move on to others, maybe you might get some money back.

Buy on rumor, sell on news, the news of the Paragon LOI came out on 13 April (Thursday). Syndicates started dumping on 14 April (Friday) and 17 April (Monday, yesterday). Not surprising at all. The sooner you realize that the game is over, the better. Cut your losses and move on to small caps and pennies that are still in play like PWORTH etc. Never hold on or catch a falling knife.

Consolidation line at 0.50 has long been broken, syndicates have sold most if not all of their shares, and they might be shorting Anzo. Remember, rotational play, game is over for Anzo.

Don't catch the falling knife. Look at the chart, game is over, 2 large red candles with a bear trap today (slight correction) but downtrend will most likely continue tomorrow and beyond.