I tend to believe the syndicate who pushed it to sell up to RM3.04 last week has used up all his ammunition. As trader the syndicate has to push it down to buy before he can push it up again to sell at even higher price like RM3.80 - RM4.00 when Comfort announces the ex-bonus date and conversion rate.
Just buy when they push the price down. Afterall it is still cheap at this price and knowing well they will push the price up anytime soon.
After watching the MCO guildlines i think 5000 daily cases will really happen soon , to all my friends no matter u are recovery stocks or glove stocks supporters this time we really really must take care our self n stay at home if possible! The worst is yet to come !
Syndicate finds it hard to push price down to collect because there appears to be a competing buyer for Comfort shares at low prices. This lend support to the share price.
There is not much time for rhe syndicate to push it down to collect. As it gets nearer to the EGM more people will buy up Comfort because the bonus iissue s attracting more people to invest in Comfort shares.
If tomorrow Supermax and Hartalega are up, don't miss the chance to buy Comfort at low price like today closed at 2.45 and new warrant exercise price is around 2.60..
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IMwhatIM
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Posted by IMwhatIM > 2021-05-04 09:00 | Report Abuse
I tend to believe the syndicate who pushed it to sell up to RM3.04 last week has used up all his ammunition. As trader the syndicate has to push it down to buy before he can push it up again to sell at even higher price like RM3.80 - RM4.00 when Comfort announces the ex-bonus date and conversion rate.
Just buy when they push the price down. Afterall it is still cheap at this price and knowing well they will push the price up anytime soon.
All the best to all.