Firstly, rebalancing portfolio didn't come from me. Check it from TheStar news.
Secondly, I have group of friends from IB and PE firms. I know how they think.
Thirdly, I think you are making losses, thus your tone. I believe you are a novice in stock market.
Fourthly, this is a free forum, we share info and opinions. You can filter whichever you dislike.
Lastly, Gpacket is not my only stock, I do not need to reach my entry point and I do not expect buying 10 stocks and all 10 stocks make gains.
In Summary, buy/sell at your own risk. Assess information and do you own study. --------------------------------------------------------------------------------------------
Posted by AxeCapital2077 > Jun 23, 2020 12:41 PM | Report Abuse
newbie8080 dont kid and lie to yourself you are probably just hoping the stock goes up to your entry point. How the hell do you know they have disagreements or rebalancing their portfolio? oh wait ''probably''
If tied up with tencent is very good. But for technical,the biggest candle last week was volume disposed. Unless bigger green candle occur in short time, then only good.
Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."
My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company ! Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.
azeera, Sometimes I really doubt the intelligence of these hired cyber-troopers when they recycle news dated almost 1 month ago, moreover posting other counters not intended here. Are you trying to ridicule the intelligence of i3investor users? Come on........
Last 2 day entered 680, break 660 then straight cut 655. Luckily ran fast, else now want cut lagi pain. Now better wait for his qr first. Due to the operators pattern, if the qr is not bad they will take opportunity to press it down
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....
keni371
86 posts
Posted by keni371 > 2020-06-25 10:41 | Report Abuse
take a look at Star … buyer seller queue nice