I don't know who is panic selling everyday. But by observing at the action and the volumes, this sell wave is not done by big sharks. Its all retailers panic selling.
And no institution buyers coming in to buy up the offers to push the price up. So now we are at this phase. Once RTO is confirmed, it will reverse sharply.
Where got shark. Volume so little. All mostly retailer. All sold by panic n fear. Possibly, there is another one fear selling with higher vol on next week. Then that time buyer shd come in as it too attractive already at this price. V good bet.
Yup. Its mostly retailers trampling retailers. Snowball effect. Ever seen a snowball grow bigger as it roll down the hill? When people see others panic, psychologically they panic also. Hence we have these sell down this week. That was why I keep telling people here, do not panic sell like other retailers. Because there will be this snowball effect. When will it stop? Honestly I don't know. Most probably when all these retailers are all squeezed dry, ancomlb will consolidate and once RTO announced, it will burst up. Again. Snowball effect.
The retailers who panicked sold into the hell pits will regret and chase prices. In the other direction. As said by Jesse livermore, market never changes because greed and fear in humans will never change.
This is panic selling by retailers. Nothing has been confirmed yet. So people just lose confidence lo. Once a few person start selling down, others will follow. Ever played poker before? People calling bluff. Weak hands will be shaken and give up their chips.
25/6 BURSA ANNOUNCEMENT.ancomlb has received notification from Excecutive vice chaiman.Dato Siew of his intention to deal in the securities of ancomlb during the closed period as defined in the ace mkt listing requirement of Bursa malaysia securities bhd
Yup he made this intention to deal announcement through bursa. But no actions announced yet(whether its buy or sell through closed period). We shall see on Monday. Again do not panic sell like other retailers.
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....
Hahahamoneycome
61 posts
Posted by Hahahamoneycome > 2021-06-18 17:15 | Report Abuse
I still holding n add some at 0.305. so many months been waiting, just dun wan give up..n wan knows wat wl happen next if unsuccessful.