QR numbers expected. IRIS chart today shows EMA Crossover with volume spike
Many times proven already QR matters little; exceptional QR, a counter will go down (coz priced in) whereas a bad QR a counter will go up due to insiders
I usually go in when EMA Crossover with volume spike. Your decisions however
From my experience, I predict that tomorrow the price sure will go down first. Then , SM will only appear to continue goreng .Hopefully my prediction is correct.
During AGM someone did asked IRIS management about possibility of getting NIIS, they said they can't disclose anything until govt announcement... but multiple 'insiders' before this said that NIIS is aldy signed, sealed and delivered by IRIS.
So now you decide which one you want to believe and strategize your trading plan accordingly.
Based on my humble opinion. Whenever the director buys or aquire significant ammount of shares eventhough showing bad QR, they are giving you hints and they are trying to save and build their fellow investors confidence in the company.
1. Boost the value of stock 2. The company is showing you guys that they are cash rich company eventhough with bad financial report. 3. Also, the director would like to secure more percentage and more portion for him. 4. reduce market supply and avoid shares being manipulated by sharks/syndicate/etc etc
the one that really makes sense to me.IF what @namawan said could be true. They might have successfully secure the project.
a) the director is ultimately trying to block an acquirer, and increases his future nett worth upon official project award.
Dato Robin Tan is still the second largest shareholder of IRIS. Dr Poh was formerly on the Board of HLFG. His son is now the Group MD of IRIS. Dr Poh's accumulation of stake in IRIS, is logically a sign of "he knows something we don't know officially, yet"
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....
smalltimerinsmalltow
57 posts
Posted by smalltimerinsmalltow > 2020-11-26 17:16 | Report Abuse
yeah