Don't worry, its obvious based on the volume, just small fishes swimming in the same direction triggered by a small-medium sized sale, everybody is getting spooked easier ... Making it easier to make mad money?
madmoney: u see my previous post..i asking to buy & hold with tp:0.36 last few days...i am in the position disposed 50% yesterday with 0.35~0.36....today all cleared out...tq
Yap Kok Weng selling SP setia share to invest in Wintoni. So I don't think Wintoni will drop instead it will rise again after the profit taking is over. No doubt this is a good stock after the tremendous rebound. TP 70 sen still in tact for July.
I think game over is abit of an overstatement. Company has turnaround thats for sure, but to jump that high within that short period of time, its abit on a speculative mode. My 2 cents view
dragon:my source previous set tp: 0.6 then revised to 0.40 after banking set restriction rule that hurt the momentum . i still confident with 0.40 but i not going to follow just because of the 10% ....i always believed : do not expect sell at the "HIGEST"..
I used to believe Wintoni is a lousy stock...but wait...it did rebound and it made some handsome gain for me. So far not even Systech can give such a handsome profit. Now I am confident and started buying again Wintoni to keep until July.
I am not sure what the intention of the people who keep asking people to sell, but I agree with @richkid, a lot of profit taking today, not just for Wintoni, but other similar counters. The momentum it has, the profit over the last two quarters and the big name it has as insider however, will be big reasons for it to rebound very very very soon
@rapidbeginner, Yap was in Hong Leong, then SP Setia as the CFO, now in WIntoni, and he has been buying millions of shares, what is someone with his credentials doing in Wintoni, a small company with small capitalisation? Yes, TPY has not have a good reputation over the years, but he has always been in technology/property development. Connections?
Wintoni’s single-largest shareholder is Yap Kok Weng who has a 14.19% stake.
Yap, former chief financial officer at property group SP Setia Bhd, emerged in the firm with a 7.27% stake after buying 12.8 million shares from the open market on Feb 9.
Wintoni made a net profit of RM4.6mil for the financial year ended Dec 31, 2014 against a net loss of RM2.9mil a year earlier.
In its latest financial notes accompanying its quarterly results, the company said while focusing on Asian markets to capture market share, it was also “looking for opportunities to expand its mobile application business to Europe.”
Looks like Wintoni's mobile apps expanding to Europe...maybe the share price will go up. Good prospect like IFCAMSC last time...UMA a few times but now IFCAMSC is above $1.00
If Wintoni drops further...you know Yap will be laughing buying cheap shares. He will sapu another big lot for his collection. After selling SP setia you must know how much bullets he got...right?
richkid n madmoney... thanks for the info.... hahaha.... please forgive me everytime i put comment on laughing cause i get the sickness from Asiabio forum there.... hahahaha ... stay there too long jor... virus spreading....
just plain speculating , sometimes it is too difficult to count eggs b4 it is hatched ; nothing is as concrete unless the profit is collected n audited....in this case , we r counting chicken when the eggs is yet to be hatched!
YKW bought the last batch during crashed time i.e around 23-25c but most of the shares were bought much earlier at 5c level , so his average should be around 10c....if we follow him , surely we will not enter the drains which has been positioned in real market place.
Anyone here follow me at MQTECH yuo will be smiling now.
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Posted by richkid > 2015-03-20 09:53 | Report Abuse
Beli lagi...campak beli lagi...Wintoni proven can rebound