Sales, most of the old timers here know of the trap. However, the recent volume from end June up to today is different than all previous runs. No matter what, trader will come since penny stock is hot now being rotated one after another...
After share consolidation. From 6 Billion plus to 600 Million Plus. Thereafter, what's going to move the company price up will be their performance. No more Sharks play. Whether how the company is going to progress is a wait and see game if anything Big coming in. Sharks already know what's in the pipeline.
Possible upcoming announcements: 1. Next quarter result maybe end August 2. Announcement of utilization deviation of the $25 million 2018 RI money 3. Positive corporate announcements after consolidation exercise completes?
people who bought this counter years ago, if still no cut loss yet.. they are still staying at vvip room..is good time for them to check out.. if already cut loss, are they have confident to buy back earn back their losses? or in their mind this company is a con company.. no more dare to buy in? later kena trap for years lagi.. takut.... maybe someone will buy in when see the price keep increasing.. especially currently most rubbish penny stock is limit up .. buy for jackpot hope? eh...
Morning session high opening is a trap for most counters. Can see now many operators from different penny stocks are pulling the plug, may expect a selldown in KLCI today if such sentiment continues.
Not sour grape, but observation of this early morning high opening hence many are doing profit taking now causing the selldown. This is in general, not only Vivocon.
Hope they release the annual report soon so that can see if the directors/related persons have increased their holdings since 2019. If yes then it's safe to hold along with them.
Something to ponder. If this is a trap or what? The 1:10 consolidation is such a drastic move by the management. Why? Just say, in coming quarters if there's a continuation of good profits and order books than closing @ 0.10 wouldn't be a big deal with the 6 Billion shares issued. Even after consolidating it will be at Rm1.00 (Not a big deal because shares already consolidated) But @ Rm1.00, (after consolidation) would any/many retailers wants to play with this counter? So, why did the management take this drastic exercise? Unless their prepared to see Vivocom to be something exclusive in the near future.
Even if it closes @ 0.07 on ex-date. New price @ 0.70. This is not even a playground for any retailers anymore. So, what's up with the management? This is something a wait and see game if have the heart playing/keeping or accumulating this stock. Sharks already know. If trap than all kena lanyak. If not than something new is really brewing.
With Covid-19 still around, forget about the construction industry. In the first place, why is our construction industry expanding like nobody's business for the past decade? All Bursa Construction Companies like 'King'. In the actual fact, the housing prices in our country has been marked up so much by these companies, they have reaped profits beyond what they need. Who's buying and making an artificial inflated price on the property market in Malaysia? The Non-Malays especially the Chinese. Is this sustainable in today's world and situation?
Funny... these ppl keep whining, what are they doing when the price hovering around 1.5-2 cent for the past 1-2 year? 1.5 cent to 5 cent is such a big move, at least in term of percentage. I personally stuck at high price, but luckily I managed to average down to below 5 cent. So, stop complaining, you only have yourself to blame for missing the opportunity to average down.
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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....
sting79
760 posts
Posted by sting79 > 2020-08-10 16:03 | Report Abuse
Wait for end day closing to determine next move. If KLCI in red sea but Vivocon can close above 0.045, then chart wise may be bullish.