many people would never forget GP for its wild upswing (>200% ) and terrible crash that destroyed the financial wealth of many traders and speculators buying based on graph.
Kendalli is just a vehicle to show ppl. Fund taking the share earlier, but Kendalli is just a normal private company and the share was warehouse or finance by local money lending company owned by operator was told. Vc
They sold all share in others nominee accounts so now use the proceed to dbt back kendalli is very normal as why ccpuan bought the shares as he sold high and bought low to show investor he also loss
in future if you happen to see the counter up again especially on friday follow by saturday media headlines...money will in your pocket...but cannot tamak lor...
Better tomorow...what said make sense. Kendal cluld be just a warehouse for the shares and operators are financing. And kendall could be part of the operators....
Stock: [GPACKET]: GREEN PACKET BHD Jun 3, 2020 4:18 PM | Report Abuse
History is repeating itself. This was what happened a few years ago when GPacket partnering with TelecomMalaysia news leaked out, but it did not go as high up as this round. I believe the syndicate has a larger pool of fund this round.
But as an ending, I would like to say that you will never know, may be this is a blessing in disguise for you to buy low.
Risk is getting lower day by day. Lowest prices cecthis year was 45.5sen in march 2020. With all the the Hu ha, I think 50+ or 60+ should be the bottom. So, now, cut loss is meaningless, almost there already :)
as price keeps on dropping, risk keeps on getting HIGHER, not lower, Victor...why ? holding cost of buyer at each level is lower and lower and thus creating stronger and stronger STALE BULL...meaning resistance is also lower ...for price to go up will be even tougher...forget GPACKET for the next 6 months..
no need to sell. wait for Q1 results. look at cash flow as at 31 mar 2020. look at cash flow from Warrant conversion after 31.3.2020, cash cukup tak as a going concern, Masih solvent ka? Q2 dijangka tak bagus juga
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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....
Daily8
3,858 posts
Posted by Daily8 > 2020-06-24 19:35 | Report Abuse
who is buying over kendall and Grandstead shares????