When I was working in S'pore,I used to buy shark fin and sea cucumber for myself and family.The shark fin was only 10 sing dollars per packet and sea cucumber was about 50 sing dollars per kg.I ate cucumber almost every week and cooked it with pork.I was so fortunate to eat so much of those good stuff during those days as it was really cheap. Now it is so expensive,about RM1200/- per kg which I won't spend on it as I do not have much craving for it.
It may be right hand selling to left hand to spiral down the price in many stocks,they are selling at a higher price and buying in the q to stagnant the price. Bursa should study carefully whether by allowing the traders to have preferential queing rights can cause the price to spiral down the price. As the price of shares is swiped off through this kind of system it is doing a great harm to individual's wealth and the country's prosperity to benefit a small group of people who are the brokers and friends.Eg in a stock,small group (30)gain 3c per share and very large group(1000) who lose 3c per share will lose much more.The difference is burnt off.The worst is this small group is not local but foreigners who grabbed the riches of the Malaysians at the expense of wrong rulind in the Bursa.Pls relook at the priviledge given to traders by Bursa if I am not mistaken.
Also all the shareholders(5bln) of that company will lose 3c x 5bln.When they leave the nation,they will exchange for foreign currency and dump your ringgit causing an excess in supply the lower exchange rate then we will lose on foreign exchange when the traders imports goods from overseas.These are losses created from stock market. As authorities you all should implement rules to minimise a property bubble and eruption but all the more a market crash as they are devastating to our economy and wealth. We need laws to cushion the impact of oil price decline and a market crash to maintain our wealth and prevent people asking for doe.
Steveooikp,Nexgram is very cheap already those trying to press it at 7c couldn't get it.Soon the authorities will keep a watch on them.High penalty they have to pay for their insider trading just watch out.
Steve..im a ng supporter..this counter for long long long term So,,, i wait only.. Comments here are based on assumptions.. Only tpy knows what hos strategy So, i wait.. Tired read this forum..same things everyday
Nexgram. ... own TMT business, guarantee profit indon project and sensorlink projects. Confirmed angkasa projects. Lands in cyberjaya to develop..... Fiji project..... also a confirmed project..... but why 7.5 sen?
Fam Jenny. .... We as small peanut investors..... only can base on figures and news. Nothing else. I also want to know why. Court case.... nothing to do with nexgram. .... disposed on shares by tpy. ...only tpy knows why
If this month fed meeting come out bad news , I think klci may drop more than 100 pointing a day , becareful ! Most of the penny stock wil keep droping and running low price in few years ! currency oledy drop to 1 usd : 3.44 Rm , Bank Negara oledy know what will happen next , but they can't stop , just ask all the bank to be ware !!
Malaysia klci is the most weak market , it will be the first target country to be attack in Asia . Becareful , all my friend ! Enermy oledy stand behind u with heavy weapon !! Haha
When they want to attack Asia , they must find the bombing point that is malaysia , now Malaysia so much negative point , high debt lah , oil no price lah , palm oil n getah no price lah , business slow lah , profit margin drop lah , is the best time to attack now !
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....
Fam Jenny
7,724 posts
Posted by Fam Jenny > 2014-12-05 11:39 | Report Abuse
When I was working in S'pore,I used to buy shark fin and sea cucumber for myself and family.The shark fin was only 10 sing dollars per packet and sea cucumber was about 50 sing dollars per kg.I ate cucumber almost every week and cooked it with pork.I was so fortunate to eat so much of those good stuff during those days as it was really cheap.
Now it is so expensive,about RM1200/- per kg which I won't spend on it as I do not have much craving for it.