Look at the trading trend just now, syndicate purposely pressing the price down with big volume block, it will further down more by thus few days b4 x RI.
Maybe the syndicate will get the price to almost the RI price n when when nobody want to subscribe RI, due price min different, they will sapu all b4 pushing the price with Bandar malaysia announcent
The stock price had breached the floor or support price at 1.07 reached on 18 July 2016. 2.The next support level from the Technical Price Chart is at 0.97. 3.Yes,presently the stock is very bearish. 4.Supported by the MA,MACD,RSI and stochastic trend line and momentum. 5.It has been on the downtrend in recent days.
Outcome: Expect the bearishness on the stock price to continue unless there is some big and positive corporate news to move the stock counter.Global wide the equities are also affected by the recent decision made by the Federal Reserve Board on the monetary moves in USA(equivalent to our Central Bank,Bank Negara)
best time to buy is after 4pm on this Friday. That's the last push if the syndicate plans so. Just concern if they gonna stop pushing down on Wednesday and reversal trend starts on Thursday if there is any good announcement on Wednesday evening. We never know what they plan to do after all. But such pushing since May is indeed the work of syndicate. Normal retailers like us wont be able to do so. So far I think they have managed to create some panic sales today as the volumes already 600000 shares traded even before half day.
from wat i see.. even they plan to push it up this coming few days.. the strength will not be that significant.. wait for the real push then only will be the right time to enter.. i not going to follow .. like adcool said.. you can enter abit first after 4pm.. but dont be so furious ..one thing for sure.. you enter now.. profit will be quite thin if you decide to sell immediately...again.. i rather wait for the real one.
Im more interested on what they are trying to do and why pushing it down so much from 1.80 until now. How they plan to move it back up to 1.80 within the next 3 months?
hweilee, you can cut loss and move on or subscribe to the RI to average down or sell off your OR during the 1 week trading to get back some capital and hold on to your ex adjusted MRCB shares.
AdCool --- > Thanks for the advise, I am new to this so I need more advise. How does this work ? You means it's best to sell it now before the ex date? :( Luck is not with me, those that I hold are all making a loss :'(
You need to decide for yourself. If you have extra cash and still believe in MRCB, then it's good to subscribe to the RI. If you have no extra cash but still believe in MRCB, then sell of your OR and keep the ex price MRCB. If you lose confidence in MRCB, then cut loss and move on.
base on what we see in the recent RI, it may be better to sell now which still $0.24 above right subscription price . If investors are not interested to subscribe the right, the OR price may be just a few sen! and will drag the mother down. Look at what happen to UMWOG OR trading today , huge sell order at bare minimum price of 0.5 sen yet no taker.
3 more days to go. can MRCB defend the RM1.00 price or become a penny stock even b4 the completion of RI? Syndicate has been working hard and manage to push the volume to 146324 shares (highest ever) for the last 2 months. Traded values is around 15 million ++. By spending 15 million ++ and wiped of a RM153.5 million market capital of MRCB on a single day. Apparently, MRCB isnt defending the price at all. RM394 million ++ market capital has been wiped off since last week.
If tracked from May RM1.79 price before the announcement of RI, a total of RM1.71 billion market capital has been wiped off. And they are raising around RM2.1 billion from this exercise. I wonder if the management and BOD of MRCB have ever thought of such catastrophe.
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....
Calvin882
1,562 posts
Posted by Calvin882 > 2017-09-26 08:00 | Report Abuse
May I know anywhere to refer on the procedure to apply for RI? Thanks