Something is very wrong with this share. It has drop non stop. The rate of loss is far greater than the other gloves or gloves related stocks.. Maybe someone can highlight the reason or possible reasons for such depressed price......
Esceramic was 20c when covid-19 just started and it surged to RM1.82 on 6th August 20. After 1:1 share split with free warrant it surged to 95c and it was hovering about 80c after that. This time it keeps dropping maybe due to its riding on gloves counters and if this is the case I think in worst scenario it may drop to the range between 38c and 42c. Just my 2c. Buy or sell you decide.
To be honest i also kena average down. But okey la so far. I dont intended to sell my share at the moment. If it go down average down more. itu jer la.
My cost is 0.70 :( Almost added @0.55 this morning but quickly cancelled my order when I felt it might drop further. Looks like this is going to be a long hold.... like my harta.. and tg.. and kossan.. lol!
Highly unlikely will drop to 10sen but anything is possible in the stock market. But if 0.45 also fail to support then can just kiss goodbye to this counter. At this juncture, i would avoid anything that is connected to Karim and move on to other stock. Don’t waste your time and money here as there are many other counters to make money.
The 3 Tenor now quietly disposing all the Esceram Share...it is to patch up their mother SD......Kpower and SCIB. Highly possible 40 cent incoming by next week.
Technically it looks to be about to test the 7th December intraday low of 45 cents. Too early to say if yesterday's (Friday) price drop on increased volume is capitulation but if I was a holder then I'd be hoping it was.
A break below 45/46 could turn ugly, so I definitely hope that is not the outcome for holders. Downtrend Fibonacci figures for a break of 46 are, 40,33.5 and 28.5. Those numbers indicate how important this 45/46 support level is!
Disclaimer: Purely technical interest for me here as I'm not a holder. Hope you all get a price turn around next week.
StockGodFatt. No. But they are really close friends. But Roslan Othman((Esceram) is one of the board directors of SCIB. KPMG has highlighted the Block 7 Investments LLC to Serba Dinamik. And it seems that Karim Abdullah might be also the owner of Block 7 Investments LLC. Many stones still unturned yet. If found true, all related Serba Dinamik stocks will have fresh selling. Be cautious
If Karim and the gang cut stake in esceram, it will fall all the way back to 0400, wa0200. Esceram is a good profit making company that blanket by negative sentiment
StockGodFatt. I thought your comment dated 4th June to wait till 10 sen. Let us be transparent now. Although Esceram is a good fundamental company, but it is shunned by IBs', banks & analysts now which downgraded the stock; due to links of Rosland Othman with SCIB and Karim Abdulah. Just saying
so esceram shareholders are caught in the crossfire basically.. through no fault of ours. Now that it has come to this, just gotta have strong holding power and hope for the best. No choice.
KPMG dares to tell all. Go indepth into Block 7 Investments LLC for further details. At this moment, the news does not favor Serba Dinamik and related stocks. Good luck.
KWAP has sold down Serba Dinamik stocks. Now the question whether EPF and PNB will follow suit. If both sells, selling will be intensifying when investigating news are a reality
EPF and PNB still holding a lot and only release small portion of their holdings. Sarawak Govt also buying and increase stake. Karim also buying. Kadier Non-stop buying and increase stake. KWAP selling their stake. Awang Daud selling a bit.Mutual Fund Selling a bit. Tabung Haji maintain.
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Posted by PositiveNews > 2021-06-04 15:51 | Report Abuse
OMG!