27,665,500 million ESOS shares issued to staff, directors at 16.5 cents on 8-6-17 who must have taken the opportunity to sell at 17-18.5 cts for Selamat Hari Raya celebration...
It's good that all stupid people have sold the stock today. Due to ESOS - 27,665,500 shares at 0.165, the stock price cannot below RM 0.170. RM 0.170 is the least price which can happen theoretically.
I have been gaining large profit. I have other handles as well. i dont think syndicates have been involved this time.
Even if syndicates have been involved, the stock price can not be lower than 0.170. If syndicates have been involved, they have already sold the stock at a much higher price.
You dont know anything about stock markets, right?
see if can sustain 0.17 and above, if drop below 0.17, then wait or just forget about this counter..... if still at 0.17 / 0.175 by tmw, would be quite safe to enter.....
without consolidation, the price is higher and more affordable to small investors,,just do not why they consolidate at all maybe company directors have nothing better to do,!
Perhaps without consolidation there were 3x more shares and operators used that to jam the price movement at 0.05 buyer and 0.06 seller. Practically no movement at all. Examples, look at KGroup, MQTech, Inix, GPA, Netx, Nexgram, M3Tech etc... Much movement after Asiabio consolidated.... Since no requirement to mention par value, may be the price will move more freely not bounded to its par value. Asiabio may possible drop back to 0.05 as before its consolidation... huhuhu...
Sooner or later they will issue new shares again to bring it back to its 3 x equal to previous volumes.... then they consolidate it again and again repeat
0.165 is a reasonable good support price to go in. 0.160 is a bit difficult to wait. Now waiting big sharks to sell their large volumes to us for collection.
Volume today at top. Hope tomorrow will continue then price will slowly pick up soon. Otherwise it will stuck at 0.165. 0.160 level is very unlikely but I'm also still waiting to buy at 0.160
Tommorow, I guess operators to push back to 0.170 to attract more esos holders to throw where the operators can afford to collect and throw all of them at higher price after raya...
The huge vol two days ago is nowhere to be seen nw or repeating. One day show only! Price dropped below ESOS price, things seem to be getting out of hand. Im out!
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....
greatful
1,644 posts
Posted by greatful > 2017-06-13 16:55 | Report Abuse
i better not touch on this. i go to other counter 1st until i see good uptrend, then only follow the ride. not now