With the experience of MCO, the only bright prospect of business is only Technology Company. The reason is with experience of WFH during MCO, many companies will explore any possibility of venturing into technology-enabled. Other types of business will have a tough time even MCO lifted due to so much burning in current economic impact. I Hope DGB will take this opportunity to change the sand into gold.
really wondering who is the player that keeps selling and keep buying in such a huge volume daily, and the worst thing is the price is not moving at all. It looks like they block at 0.02 for not moving down further, and block at 0.03 for not moving up further...
Looks like the big shark purposely wanted the price dangling around 0.02,0.025 and 0.03. Small fish got at 0.02 due to force-selling. Retailers like us will get stuck and those who have no passion will liquidate at 0.025 whenever got chance.
Assuming 0.015 - 0.020 shareholder holding their share since 19/03 to 07/04 that's only 172,121,300 and sell at the price 0.025. But if you sum up 08/04 to 14/04 daily volume at 0.025, its grand total is about 320,228,800. 320,228,800 - 172,121,300 = 148,107,500 balance which done at price 0.025. As such we can assume someone behind is accumulating the share and unlikely creating big volume buy/sell at the same price just to trap ikan billi.
Trader66 and dmksn- thanks for the info. Their game is to trap ikan bilis like us and to make us give-up and out of the game. Then they perhaps will smile with a big face. I also thinking of liquidating and switch to another counter.
IbnuShaari you're welcome. If you look at the big picture over the 10 years price, price below 0.03 is historical low, and price goes up regardless of bad annual report. Recently, it is also required stake at M3Tech. https://malaysiastock.biz/Company-Announcement.aspx?id=1192238 Let see what happen if hold this stock for 1-2 years time frame. And will it goes bankruptcy during covid-19? With the company is rich in cash also simulate package from gov, the possibility is quite low. Just some info sharing. Quit or stay, you can make your own choice.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 492 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12609 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Tedjfkdsj
152 posts
Posted by Tedjfkdsj > 2020-04-10 15:06 | Report Abuse
Only stupid people will talk transfer to big shark... Hahaha