GENETEC TECHNOLOGY BERHAD

KLSE (MYR): GENETEC (0104)

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Last Price

0.85

Today's Change

-0.145 (14.57%)

Day's Change

0.845 - 1.01

Trading Volume

44,521,900


16 people like this.

12,092 comment(s). Last comment by mf 13 hours ago

kimssiat

1,088 posts

Posted by kimssiat > 2016-03-07 15:31 | Report Abuse

Connect very con. Can drop like Genetec care.

hasimdaud

220 posts

Posted by hasimdaud > 2016-03-07 15:43 | Report Abuse

Tendency to down further. They trap all ikan bilis into the net.

paperplane2016

21,644 posts

Posted by paperplane2016 > 2016-03-07 15:57 | Report Abuse

0.10 soon?

Whynot

34 posts

Posted by Whynot > 2016-03-07 16:33 | Report Abuse

0.05 before consolidate.... then become 0.50, few days drop again to 0.10

Alex Chan

3,915 posts

Posted by Alex Chan > 2016-03-07 21:09 | Report Abuse

Trappy. Gap down

HengLiang

319 posts

Posted by HengLiang > 2016-03-08 00:12 | Report Abuse

tomoro i wait at 105-115.....anyone want to follow??

mr x

589 posts

Posted by mr x > 2016-03-08 09:40 | Report Abuse

i will follow u, follow u wherever you go kikikikikikiki

mr x

589 posts

Posted by mr x > 2016-03-08 09:45 | Report Abuse

frankly, better be in berjaya corp , the viet toto bis they acquire and starting in june will skyrocket prices u never imagine

timing

726 posts

Posted by timing > 2016-03-08 10:58 | Report Abuse

seems like drop no tomorrow.

Posted by leslieroycarter > 2016-03-08 11:02 | Report Abuse

major shareholders sold millions but they r left with millions also ; the heavy drop will not benefit them all unless they r buying back again!

John1234

2,020 posts

Posted by John1234 > 2016-03-08 12:41 | Report Abuse

Based on chart, Genetec Technology started to move up in prices from mid August last year, when it was merely 13.5 sen. Now, it is back to 12.5/13 sen. It should present a good buying opportunity if you still believe in its potential.

John1234

2,020 posts

Posted by John1234 > 2016-03-08 12:55 | Report Abuse

Based on last quarter's result(a loss though), the NTA per share still stood at 18 sen(an improvement of 2 sen over the same period in 2014).

Posted by Darren Liaw > 2016-03-08 14:40 | Report Abuse

Agreed with you john1234. It should be atleast 0.15-0.16 before this end march. Just my 2cents.

John1234

2,020 posts

Posted by John1234 > 2016-03-08 14:47 | Report Abuse

During bad times, prices could overshoot on the downside. But when market turns better, prices will readjust upwards. It is during bad times that we can find value buys.

Posted by Darren Liaw > 2016-03-08 14:51 | Report Abuse

What goes up, eventually must come down AND VICE-VERSA!

Mohd_Tan

51 posts

Posted by Mohd_Tan > 2016-03-08 14:52 | Report Abuse

Today it's not the time to sell it

John1234

2,020 posts

Posted by John1234 > 2016-03-08 16:41 | Report Abuse

I can see that operator is collecting at 13 sen currently.

Posted by leslieroycarter > 2016-03-08 17:05 | Report Abuse

just a propasal on share consolidation, the price goes rock bottom ?
A proposal until execution will take months n years n sometimes not getting thru ?
So , what happens?

Posted by Contrakaki > 2016-03-08 17:12 | Report Abuse

John, really? u have access to operators' account?

fl888

7,691 posts

Posted by fl888 > 2016-03-08 17:22 | Report Abuse

I think after 4-10 days of announcement of share consolidation, will move easily to 15-18cts...

John1234

2,020 posts

Posted by John1234 > 2016-03-08 20:45 | Report Abuse

No, I use my observation. If you monitor the stock movement closely today, you can tell. Theoretically, share consolidation will serve to reduce the market float in terms of no of shares in the market, with a corresponding increase in share price after adjustment. So, investors do not lose out in terms of the aggregate value of shares after adjustment. But investors do not like it as they feel that they have less shares with them. And operator is exploiting on the current bad market sentiment to bring down prices.

Posted by budutempoyak > 2016-03-08 21:20 | Report Abuse

Gap down....TP 0.09

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-03-08 23:15 | Report Abuse

goint to uptrending soon

Posted by zbaikitree2 > 2016-03-08 23:22 | Report Abuse

Any advise from otb who recomen buy at 30c just few weeks ago.?

Posted by leslieroycarter > 2016-03-09 09:35 | Report Abuse

swim at your own perils

spaghetti

611 posts

Posted by spaghetti > 2016-03-09 10:52 | Report Abuse

Today push up 1 cent then turun 5 cent.

John1234

2,020 posts

Posted by John1234 > 2016-03-09 11:18 | Report Abuse

I believe 13 sen is a good entry point, given its NTA. But this loophole is already plugged by the operator today as penny stocks are in rebound mode today.

Brucelee

39 posts

Posted by Brucelee > 2016-03-09 11:21 | Report Abuse

I am sure this stock will take another plunge come next QR, my source informed me another bad ones. So better not take buy sell while you can.

Brucelee

39 posts

Posted by Brucelee > 2016-03-09 11:22 | Report Abuse

Don't believe me, check my previous advise. I mentioned bad QR and work 4 days week and nobody believe me.

Brucelee

39 posts

Posted by Brucelee > 2016-03-09 11:25 | Report Abuse

the operator is trying to lure buyers for the last rounds before the share consolidation kick in and bad QR out in May.

Brucelee

39 posts

Posted by Brucelee > 2016-03-09 11:25 | Report Abuse

Don't bite the bait and sell, sell, sell.........

funitec

639 posts

Posted by funitec > 2016-03-09 11:29 | Report Abuse

dilute only 6.6%. All panic n sell underwear also. I hold from 30 cents. Waves will rock the boat but with good captain and strong boat: the boat remains water tight. Those who sell have to go shopping n waste time effort parking fees etc.

John1234

2,020 posts

Posted by John1234 > 2016-03-09 11:49 | Report Abuse

Greed and fear always plague the investors. At 25 sen, people still chase like no tomorrow. But at 13 sen, pp get so fearful. That is why operator always has his days in the market.

Posted by Lukesharewalker > 2016-03-09 12:03 | Report Abuse

Trap. It will gap down again to 10 cents

John1234

2,020 posts

Posted by John1234 > 2016-03-09 12:12 | Report Abuse

If we look at the chart, it does not gap down for no reasons. First, on recent poor quarterly result; Second, on share consolidation. Please state facts by telling us why you will think it will gap down to 10 sen.

Posted by leslieroycarter > 2016-03-09 12:22 | Report Abuse

no point in arguing coz if u think it will come down to 10c, now is the best time to sell or short the selling . If u think it will go up , think again whether it is still worthwhile to enter given the many lessons u had gone thru? Or just forget about this counter , there r thousands in Bursa that r worthwhile to consider.

John1234

2,020 posts

Posted by John1234 > 2016-03-09 12:28 | Report Abuse

This is a forum meant to exchange views to benefit each other. If the views are backed up with facts, we will gladly listen. But it is just plain guessing, then better keep it to yourself.

hasimdaud

220 posts

Posted by hasimdaud > 2016-03-09 16:05 | Report Abuse

No new order. Price Not Bottom.

John

30 posts

Posted by John > 2016-03-09 20:49 | Report Abuse

will drop again

hasimdaud

220 posts

Posted by hasimdaud > 2016-03-10 06:21 | Report Abuse

They will trap buyer who bought 0.125 to 0.145.

HengLiang

319 posts

Posted by HengLiang > 2016-03-10 09:10 | Report Abuse

yaya....we better wait at 105

John1234

2,020 posts

Posted by John1234 > 2016-03-10 09:43 | Report Abuse

Stop imagining all the fear scenarios, if 12.5 sen current support is still not broken. Did you test the market? Do you know what is the average holding cost for the operator? Market is not as simple as we think.

TeddyRiley

220 posts

Posted by TeddyRiley > 2016-03-10 09:47 | Report Abuse

this stock is damn cheap for its fair value.

John1234

2,020 posts

Posted by John1234 > 2016-03-10 10:14 | Report Abuse

At current price, selling dwindles. Based on chart, it is deeply oversold. If not for the generally bad market sentiments, there should be an oversold bounce.

kingcobra

2,772 posts

Posted by kingcobra > 2016-03-10 11:01 | Report Abuse

this counter is in fact damn cheap....BUT very cunning, funny type of trading...just watch for few days, I'm sure u will agree with me!

kingcobra

2,772 posts

Posted by kingcobra > 2016-03-10 11:03 | Report Abuse

so sorry...in fact for stock, CONNECT...sorry!

spaghetti

611 posts

Posted by spaghetti > 2016-03-10 11:04 | Report Abuse

John 1234. This counter not oversold . Will go down below 10 cent in coming Q report. Loss widen!!!

spaghetti

611 posts

Posted by spaghetti > 2016-03-10 11:09 | Report Abuse

Insider news - Nowsday business very bad . Drop more than 50 % so they expect coming 4Q report loss widen. Loss more than 5 million so this counter mati already. Recommend Sell.

Posted by leslieroycarter > 2016-03-10 11:33 | Report Abuse

Look at the mgt explanation, r they sincere in disclosing facts n the timing they had chosen? They r all out to wipe out the small timers.

John1234

2,020 posts

Posted by John1234 > 2016-03-10 11:34 | Report Abuse

I am not sure to what extent this current price has already factored in all the bad news, given its higher NTA. From now to next quarter is another 2+ months. Market operator will need to correct this oversold situation. So, there could be an oversold bounce for the operator to sell higher when sentiment improves. If we are still less confident of the prospects, then perhaps that is a better time to sell than now.

Just my personal view.

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