My pure guess, the CITI's 5.47% was under nominee account. The volume and price of this company along with other penny stocks have been cooked up. Timing of in and out is crucial. News say Stock exchange is trying to curb the over-speculation, the sentiment may have adverse impact the share price. The current price exceed their fundamental. Small investors like us have to be careful, don't let our hard earn $$ drain away.
no body knows his next move. but, if you notice most company he is in, he generate handsome return, see harvest, see nicorp. see mtronic recently. I think he trying to build up reputation as he stil not yet exited from the two company yet (harvest and nicorp). so, as long as he can change the company fortune, he will b known and famous for that. i think he want to build up reputation as warrent buffet of msia. to achieve that, he need somemore acquisition to make his empire a conglomerate! Jz like the legend. i believe he can do it!
majority penny stocks are priced exceeded fundamental. but, at the moment it's penny-mania, as we know. so, as long as we ride on it correct timing, it generate pay cheque. this is what retailers think at the moment. but, again self discipline important.
Littleinvestor check bursa found out lean mun huat stake is 8.93%shareholding. he acquiring through nov-dec2011 all through open market. and dun see any report say he dispose any stake since then. wondering who is the private placee on this monday 26/3/2012? is he? is RC? focus say RC is not already. then who?
RC is too sophisticated for us, his entry price is lower than any of us and if he sell, the selling price will be higher than most holders, he stands to win at the end. once the penny stock fever gone and T+3 come in, you know what will happen. I think is too risky at this moment.
for sharing purpose only. quoted from starbiz on 9th nov 2011: Two shareholders of Focus Dynamics Technologies Bhd are seeking the removal of the company’s current executive chairman, Datuk Manan Md Said, with immediate effect.
In a filing with Bursa Malaysia, the ACE-Market-listed Focus Dynamics said Lean Mun Huat and Lee Fong Peng, who own not less than one-tenth of Focus Dynamics shares, had requisitioned for an EGM to remove Manan as chairman.
They had requisitioned that Lean be appointed as a director of the company.
I agree with Little Investor that there is an agenda hidden ......for me not O&G but far more valuable ....... might be like Nicorp sudden jump in prices ....... so just hold on and watch what will happen in coming weeks or even counting the day ...
CIMB bought from open market. ............. Slowly but surely creeping up again will test the high again soon hold on to it will reach at least 25cents in the coming days,
Frankly speaking as a friend, my advice to all of you is to avoid such counters.....in fact you all are pawns to make the sharks happy....you get yourself burnt for nothing.
Tell me frankly ask you what this counter is really good in? For a continuous 4 years losing money & a NTA of only 8 miserable cents, you all chase like mad making the sharks very very happy indeed. In the end, you all will be the losers on this type of counters while the big kakis like Citigroup Global Markets Limited [both local & foreign]are selling like almost all of their shares to a tune of 60 million shares.
So you holding some worthless papers. Next time think twice before you throw your money in these type of counters....go for good money making companies.
Cheers...a lesson learned will make you a wiser man.
No brother bryankwc , this type of counters I don't or never touch at all. It's a number of my friends that really kena kuat kuat because of their greed & they themselves becomes pawns in the big hunting game.
I too have heard so many stories from people getting burnt after being con by the big sharks in this type "useless adventure"
Cheers brother bryankwc, all the best to you & and as always trade & tread with care...take care too.
146 million shares transacted the last 24 hrs bwt 0.15 to 0.165 , so the 146 m n others hv to drive price further north b4 cashing in , including RC !!!!!!
sab2012 I am not saying that. Today market not good. But this stocks seems to follow the trend of Nicorp, Aglobal, Metronic, Harvest etc. If they goreng it will oso goreng....could be the RC factor I guess! This is hit n run counter n not good for the faint hearted!
AGAIN another counter over rated by JUPITER and hv closed link with RC !! B very careful if u r very depending on JUPITER's leak ............. Almost gave the impression JUPITER just pluck their figures fr a "RC" 's hat ?
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....
my101home
197 posts
Posted by my101home > 2012-03-24 13:34 | Report Abuse
My pure guess, the CITI's 5.47% was under nominee account. The volume and price of this company along with other penny stocks have been cooked up. Timing of in and out is crucial. News say Stock exchange is trying to curb the over-speculation, the sentiment may have adverse impact the share price. The current price exceed their fundamental. Small investors like us have to be careful, don't let our hard earn $$ drain away.