Iris long term price was 14cents. Niis doesnT contribute enough Profit for price upgrade( project are shared with partners and no actual project job distribution is known----all secret )
Tomorrow is T plus 2 payment day and contra players have one more day to sell but short sellers are not giving them chance to escape by pressing the share price down and down, once it break down to 0.365, the next strong support is 0.25.. Beware.. Beware..
Today closed 0.38 but I don't think the big boys or the short sellers will give up, they will try again tomorrow to break down 0.365 until next strong support at 0.25.. Beware.. Beware.. Beware..
They will buy 0.25 at any cost and immediately closed the short sell position and push the share price up to make another profit again and they will repeat the same attempt again and again, finally the losers are all the general public retailers.. Beware.. Beware.. Beware.. Beware
as long as this counter is under RSS difficult for it to go high some more the owner is not buying back the share..create new one pula ada..anyway..rezeki tidak pernah salah rumah..have faith in God.
Kongkalikong, you are right, I noticed yesterday and today, the Iris boss and directors are not buying any new shares, also luckily they have not throwing any of their share holdings, which is a blessing that they have long term vision on Iris prospects plus there is a chance Iris will be transfer to main board if the management requested...
Pengajaran yg boleh di ambil trade guna duit simpanan/lebihan yg tiada plan nak guna dlm setahun dua... harga turun hold ... biar jadi org yg menang dgn sindiket...tak mungkin turun dan terus turun logiklah sikit....
One thing I also noticed, those IT companies who lost the NIIS bid to Iris like Sciscom, MyEG, HT Padu, Datasonic, ANCOMLB Dnex and so on, their share prices are not dropping like Iris and like Sciscom in fact is going up today and Iris winning the RM 1.16 billions contract, its share price fell 15 % in just two days.. What happens to our stock market fundamental value...
In fact it is the hot money, Banker's Chips and Short Sellers are controlling the price movement of the listed companies, it is very sad and frustrated to see company like Iris Struggling so hard from 2019 until now to win the NIIS contract and the share prices are controlled by the so called stock market Ah Long groups.. What a pity to our Bursa systems and management...
Oskchoon, in Malaysia stock market. No one is looking at market fundamental anymore. Because why? Profits runs first. I run with profit, what for i care for your so called company fundamental or mercy or integrity?
Yes oskchoon, if we see iris boss & directors throw their shares it time to run la like kanger case.
For now, I am confident this price correction is temporary and we can look forward to much higher price by end 2021
Kongka, I don't think shortist want to bet IRIS price will go down in future. The demand for Iris product and services are not seasonal, unlike gloves which are perceived to be directly tied to pandemic. The only fear factor is politics, but with emergency firmly in place until august nothing to worry, yet.
for the whole of financial year of 2020. iris lost 10mil...accumulated contracts for 2021 might also failed to start bcos of Covid. .....2021 is still a loss making year ( anyway most Bursa counters also suffer same faith )
Believe in IRIS and the technology they have. This is not 2 ringgit compay just to get crony projects. But the negative sentiment out there try to potray as IRIS is just another crony company without capabilities.
Maybe for the contract, half of it will have to be 'feed those important persons involved.then left with bits only to actually run the projectm.. So end up making more losses
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....
Squirtle
805 posts
Posted by Squirtle > 2021-02-03 16:06 | Report Abuse
When Retailer lose SC is not care
Sc job is protect taikors
WakakakakA