A few things to note 1)Harvest court had pm's son involved and prices spiked 20x before massive selldown. 2)Connect has mof2's son involved and no increase in price, but rather selldown. 3)Writeup on pms son and harvest was extensive across "reputable" media. Mof2 son with possible involvement + connect, where's the news? 4)Look at all the t4 for this counter, if syndicate is involved, looks like they can be outgunned quite easily!
The first bearish reversal signalled by the bearish meeting line formation on the 16th has been given further conviction by the formation of the bearish evening star formation on 20/1. Failure to close above support turned resistance of 0.20 will see prices targetting support of 0.175 and ultimately back to 11-12 sen. The inability to break or reach all time highs convincingly call into question the liquidity involved in this counter. Trade with caution.
The MO of this co. is quite obvious, which is why TA has some degree of accuracy here. Just remember, price can fall, but will not keep falling while the opposite is also true!
Unless a miracle happens tmrw or friday, a bearish engulfing pattern has already formed on the weekly chart. If this signal is confirmed, be prepared to wait at least 1 yr+ before recouping any losses if bought near the 0.20 mark.
CCHB refers to the article appeared on Business Times dated 20 January 2014 regarding the following statement – “In Malaysia, Lim is said to have control of ConnectCounty Holdinsg Bhd,….” and Bursa query on even date regarding the said statement. The management of CCHB wishes to clarify that to the best of our knowledge and based on our Record of Depositors as at 9 January 2014, there is no record of person named Dato’ Lim Hui Boon among the top 30 shareholders of CCHB. Furthermore, no one had come forward to notify our Company Secretary of becoming and/or ceasing to be the substantial shareholders of CCHB. In this respect, the statement appeared in the article thereto is not true. However, Dato’ Lim Hui Boon is indeed appointed as CCHB Group President on 1 September 2013. This announcement is dated 20 January 2014.
:) the announcement nullified the earlier rumour....no wonder shares wentknife fall yesterday. maybe it was a ploy to let px fall for interested parties to COLLECT. YES I am intending the best too...
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....
richman
10,110 posts
Posted by richman > 2014-01-21 11:51 | Report Abuse
got disconnected. more selling in the afternoon