Today there was a concerted effort by the IBs to sell down the glove shares and then announced margin capping upwards after 5 pm to bring the price back up after. Hence they collected heavily at the dropping prices and made a nice tidy profit in the afternoon when it picked up. This will explain the sudden drop today for gloves and also contributed to the temporary fall for Asia poly. Very unethical but this happens with most IBs everytime.
This month theme play education & education related counters like Minda , Eduspec , Sasbadi , Pelikan and SMRT because school and private university/college reopen . So , the operators will follow the wave to push up all the education related counters.
Today , operator had started sasbadi engine . Tomorrow will push the remaining four until sky because nowadays so many paria counters been fried until sky like Anzo ,AT ,Vsolar , Sanichi etc. The education related sector operators will not miss this opportunity because the timing have arrived.
The comment section surely disappoints but not the stock play itself.
My last advice here to everyone involved would be;
In a crisis, be aware of the danger but also recognize the opportunity. Sometimes it may not cut it to buy but with close scrutiny to a circumstance, there lies great opportunity to be sow and reap in the near-term.
Best of luck to all the investors and I am sending good vibes to take with you till the valuation of this stock matures.
wa lan eh abbey dont leave leh. do a blog la i sub u and read cause i know u dont want people to find u la but also thank u for the calls. god bless u sister and sorry keep spam u haha
The WA is considerably cheap...expired in 5 months time... if anyone want to buy mother share at a lower price... can go for it... Exercise price = RM 0.1. Current price 0.18-0.185...
Looks like a normal correction. There will be many of these on the road towards 0.7 and 1.0. Just keep your seat-belts fastened. No need for us to panic.
Temporary collection is healthy. If you panic sell, then you are a pure speculator. Good luck to you. If you don't need to cash out for baby milk etc as someone else mentioned, then hold on for the ride. Rebound will happen very soon.
those peep let go at loss memang will regret later when it close at new highs. a lot other stocks start to pump volume goreng dy suspect money flow drying soon
With the uncontrolled covid-19 cases in US, the orders of acrylic sheets to AsiaPoly will be increasing tremendously. I foresee there will significant revenue improvement of this counter in this year.
at the day chart you will see there is no wick on todays bar went pass the previous bar open/close, this indicates a mild correction is about to occur, this is what i meant when i said the price is moving too fast, its a very strong stock based on what people shared here so dont worry for those who hold, this correction is very much needed for solid growth in price after this, i just hope it goes down to my target price which is 25 cents, the possibility is there, who knows its also wont but i take my chances haha
25 cents impossible unless tomorrow it has reason to cause see from daily timeframe wise nothing mild yet. today also up 32.5 then go back down to 31. meaning not a retracement in pickup and the order volume also keep rising means got people accumulating happily behind the scene fulamak
I have been following Abbeys post, love the depth of your analysis.
The imminent correction have happened.. It shaked off some speculators and left with those who believe in the stock. Who said the path to 0.70 is gonna be easy ? The Poly business is solid, it did not follow the glove rally because only recently, (post MCO) did people learn the application of polyglass. The rally just started. From the ET interview, seems like the company is still digesting this new demand and new reality.. I hope they can find means to accelerate their second production line.
aarontan1987 actually i dont dare say its impossible either to go 25 cents, the most probable would be 50/50, but like i said i take my chances and i dont deny its a very solid stock to hold, i just hope i can get ahold of it like i did before haha, the daily timeframe shows a very solid statement if you notice, 'someone' is definitely resisting to let it close above the 32.5 cents, anyhow i wish everyone the best
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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....
umar10318
2 posts
Posted by umar10318 > 2020-07-07 19:25 | Report Abuse
hopefully our company dapat tambah lagi powerplant. thanks to director and team for their hardworking.