consolidating. this is the tricky level. it could either go up or go down. depends which way they breakout. suggest not to buy in at this stage. wait for break out to confirm its direction.
as told, this stock still want to sell down. today gap down and touched 0.915. if this level breaks, confirm will go further down. below 90c only collect also not late.
today touched 90c. next week most probably will go below 90c. dont buy in at this stage. see the weakness of this counter can go even lower than 85c. stay out this counter.
hopeless menang. this level also very weak. it breaks the lowest price on 17/4, which was the highest volume in recent months. this counter something not right. the bonus issue could be a trap.
menang not yet drop finish. these few day can touch 80-81c. this volume drop is for sure will trigger another round selling tomorrow or day after. share price wont drop without any reason. the news will come out may be in these few days. definitely something no good to the share price. i shall suggest not to touch this counter at all.
Menang very weak. most probably will have another round of selling off. I sold back my stock that I bought yesterday. Temporary out of this counter. This Menang is shaky. Better stay out of this Menang.
boss can hold the shares forever as their cost is definitely much lower than us. this stage still very risky to go in. i saw many counters in weak trend they will create some buying interest and let retailers to feel that this is the bottoming level and start accumulating. after the bankers have distributed enough, they dump again until the retailers cant bear the losses and cut loss to them. this is how the bankers play us.
long time no visit this counter. seems like it has high chance to move back to 80c. the warrant already showed its weakness. this counter selling not yet finish. still got long way to be disposed. strongly suggest not to buy in. at this stage.
this article was 2 weeks ago. menang already replied to bursa queries based on this article. but it is always to be cautious on this counter as the bearish mode is not dismantled yet. until it break another higher high then only can consider a trend change, otherwise better stay aside from this counter.
menang is trending lower again. it looks like the surge on 17-Aug just a technical rebound. it is more likely the price will break previous low. retailers like us should just stay away from catching the falling knife. let the syndicate to play on their own.
the only way i see is attend to their agm and question directly to the bosses. i believe the bosses only fight for their own interest. none of them really care the minority interest. so better stay out from this counter. let the crocodiles fight among themselves. who die also not our business.
I hope the Management has the integrity and initiatives to appoint an external reputable accounting firm to audit itself in order to clear the air. As a minority shareholder , it is ultra sad being caught in this sort of entanglement. Based on my layman assumption, its NTA should at least triple if they revalue the lands. Why are they not doing it ? Regarding the PFIs , I believe most of its bank borrowings are tied to these projects. What is the present surplus cash flow after servicing the monthly installments ? When are the loans maturing ? After maturing , there must be huge cash flows coming in on monthly basis ? When do they intend to declare some dividends as they have never done so ? I hope the present management has the integrity and capability to manage and run this company for the interest of all shareholders. Pls don't run it like a private company.
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....
MoneyFace88
310 posts
Posted by MoneyFace88 > 2017-05-25 09:52 | Report Abuse
Menang mesti menang , buy