As I said, only the syndicate knows whether will go up or down. EVERYONE KNOWS this counter is syndicate controlled. No point discussing fundamentals, discuss TA, etc, only 1 thing matters, "does syndicate want up or down?"
Based on history , downtrend is very strong...If lucky..its touch up ur buying price...better sell off before it's too late.....always collect at super low...n hold it...months or years...it will up some other days...good luck!
@wayne29, well, some people got locked at 0.20... .... the last time the syndicate pulled this trick, they dropped it all the way to 5c, let's see what happens this time though.
@jasonred79, agree with you. Due to that it doesn't really a matter whether the company make profit or lost in their QRs and ARs. They can just slowly acquire the shares and try to attract retail punters to go in with their planned price movement and dump all of it when it reached their targeted price where retail punters are caught in the act.. There is one sydicate I have noticed is manipulating a number of penny stocks such as Mtronic, MNC etc. The syndicate may be now dumping Mtronic shares from 20 sen after collecting it back at a very cheap price from 1.5 sen when they have dumped the shares earlier from 12.5 sen in the last round.
unlikely to rebound any time soon. even if syndicate pushed it back up to 15, would punters be willing to buy in at 15c? More likely punters be selling right. Always remember, the syndicate's goal is to sell to punters at high prices to profit. If no one is willing to buy from them at high price, pushing it up just wastes their money.
@nklye actually it does make a difference about profit and loss... but that's more of a long term thing. In the LONG TERM, a company's share price will reflect it's profit or loss. In the short term, it's market forces. ... The trouble is, at it's fundamental, metronic is a loss making company. It does have lots of net cash, but it bleeds money every month, and you never know whether Pang is going to siphon out that cash or more likely he will use it to buy shares and goreng his other stocks.
The RED only today, Malaysia market panic with any nagetive news from DOJ and usually market to buy tmr or the next day, dun panic just be cool... hehehe
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Posted by Ppmaster > 2020-11-18 11:41 | Report Abuse
Onlymoney, i cant let my existing customer know im still playing share, they will ask me to gain money for them. I told them im retired.