If we use OPM to buy good counters like Inari and Topglove, then it is good. Not speculative counters like Jaks or Sendai, which totally have no fundamental.
To buy 160m Jaks share is easy. To sell 160m Jaks share enough to press down to 30 sen. So far KYY sold about 100m shares, and these shares become free float that will depress its share price further.
Not forget another 50m to 60m Jaks waiting for fire sale. 40 sen is very likely in 2 weeks' time, 30 sen may also foreseeable by year end......
Buying Jaks is easy. Just keep on buying till 160m and you will jack up the price.
With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day. Can you do it without depress its share price?
If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018? OPM really kill. It kills all those greedy and daredevil, regardless you are big shark or small shrimp...........
KYY and wife now own 31.745% of Jaks. At most he can buy only 1.255% more. If he stop buying, only logical that he will sell, sooner or later unless he is going for GO -- highly not probable.
So better sell now before he unload it............
If conspiracy theory is real and if i were him i will press down mother shares lower to 0.30 to 0.40 upon listing of new WA so that i can buy Wa below 0.15 or 0.10 or lower
One factor that needed to be pointed out is the right issue. When an investor over commits to one single stock and the stock issues a right issue, the over committed investor is forced to sell the shares because the lack of money to subscribe for the rights issue.
Case example, iCapital and TMI back in 2009. iCapital lost over 12 million in their investment in TMI (now known as Axiata) cause it did not want to subscribe to the rights issue...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane
21,685 posts
Posted by paperplane > 2018-12-03 23:25 | Report Abuse
Everything has good and bad, depends how you manage it only. I believe in yin and yang