Ots always interesting to see those haters come up and kutuk kuat kuat when price is down and its even more interesting how they perform the “sizhuan change face” technique whem price is up ans start to sing praises. It always amazed me in all these forums be it gp or the glove forums.. i always enjoy reading all with a smile..
Looks like a lot of people here treat this GP as a gambling stock. They bought, play contra and expect the stock to rise in a day or two, hoping to make some money, which is wrong. Don't play contra. Invest for 6 to 12 months and you will see the profit.
Gpacket had been losing money in eight out of the last 10 years, cumulatively losing more than RM 550 mln over that period ! ! Not so long ago, CEO said that Gpacket might be able to turn profit making in one to two years time. There had been many releases of important business News which I think were written and paid by concerned people for publication in news media (like Star Business). They definitely had played a major part in exciting the market, helping to pump up the share price in past months before the fast drop later. Many investors unfortunately had been led to butcher house. It is time to ask the question why such important business news were not officially announced at the Gpacket Company website, under news media release section, nor were they announced in Bursa Malaysia website. Could this avoidance of potential future legal liability ? We all know that News released in News media were " forgotten" pretty soon by public.
So be very careful when considering investing in company that has no proven results but "promise" rosy hope which may never materialise.
Weekly Chart (Mid-Term)---Trading Range 0.64 to 0.735/0.75. SR at 0.80. From a Doji last week, meaning it is still indecisive. Daily Chart (Short term)—Rectangle trading from 0.64 to $0.735. Lately it forms a Bullish Divergence between RSI and Price, that means GPacket may stage some upward movement soon to try $0.735, if break it is expected to test $0.755/$0.80 and beyond. Immediate Support at $0.665/0.64 and Resistance at $0.70/72/735. SL if $0.64 is violated.
Gpacket had been losing money in eight out of the last 10 years, cumulatively losing more than RM 550 mln over that period ! ! Not so long ago, CEO said that Gpacket might be able to turn profit making in one to two years time. There had been many releases of important business News which I think were written and paid by concerned people for publication in news media (like Star Business). They definitely had played a major part in exciting the market, helping to pump up the share price in past months before the fast drop later. Many investors unfortunately had been led to butcher house. It is time to ask the question why such important business news were not officially announced at the Gpacket Company website, under news media release section, nor were they announced in Bursa Malaysia website. Could this avoidance of potential future legal liability ? We all know that News released in News media were " forgotten" pretty soon by public.
This one is a true news reported by STAR. You will find that you cannot read the whole written article unless you are a STAR subscriber.
Many important Gpacket news in past months were written articles and paid for publication as advertisements by the concerned people in STAR. Such articles (which were effectively advertisements) were not locked and can be read by anyone.
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....
trader420
193 posts
Posted by trader420 > 2020-06-23 14:38 | Report Abuse
similar case as to yesterday big support pushing price back up to end flat but with less volume exchange of hands so why the panic?