Wow, some counters like Ewine, Opcom, Prestariang, etc have turned positive after early drops today...
I think the operators are more desperate than us, to push the counters up after so many "dumped" shares collected. These operators are not "rubbish collectors", mind you!
No action for Hua An yet. But at closing, the operator stacked up buyers at 21.5 sen, as an indicative higher open for tomorrow - for traders to take 22 sen seller's bids?
This morning, a lot of speculative counters reverse course on weakness, eg Prestariang, Opcom, Ewein, etc. So, the operator for Hua An reduces buy queues for 21.5 sen.....lol
One bright star is Goodway Integrated Industries, up on "stocks clearance sale", as usual.
Well, the rationale is good. Total investment is RM 28m(not a big investment). It takes time to tell if the management has made the right decisions. Hope the management has done the due diligence.
In a casino, some players use "system bets" to enhance winning chances at the casino. Likewise, we can use "dollar cost averaging" in a stock mkt to beat volatility.
Given a weak mkt, if we plan our trades well in a smart and disciplined way, we can still make a profit(provided the company does not make a huge loss or gets delisted) by doing dollar cost averaging. Once the prices goes above our average holding cost, we can sell for a profit. In fact, this is also practised by the mkt operator.
Wow, I share another trade secret of the operator today....
As at 11am today, only 468,200 shares traded. What it tells me is very few sellers for this counter. At the same time, also not many buyers. Next, we will see what the mkt operator does to achieve his daily KPI...
Why do I monitor this? If suddenly a surge of vol, I can tell which way the operator churns...
I wonder if punters do this. The answer is no. Majority just punt on vol, not knowing they are being made "pawns" in the operator's overall game plan. This applies to most stocks at Bursa.
Of course, the winners are those who chase earlier and the losers are those who chase last..
In the good old days(during the CLOB International), a lot of older Singaporeans also liked to punt on Malaysian shares during the period of 1990s. And they learnt their lesson after big drops in prices following the super bull run in 1993 and the later abolition of the CLOB International.
My situation is vastly different from yours. My investment cost is low. I can sell anytime when I can make a profit. For longer term investors, you must do your own assessment of the company's latest investment, taking into account your own investment objective and timeframe too.
Mkt can be weak short term, but it can still have periods of upswings, supported by any positive mkt factors, eg G20 meeting(a trade deal?), FOMC meeting(positive guidance on 2019 US rate hikes?), CNY rally, etc..
People never plan to fail. But they fail to plan...
The situation is very different for Prestariang. Some punters had chased high in the last 2 days. If the operator shakes on the price, he can easily collect back some of his sold shares at lower prices....
But somehow, it affects the sentiments on other penny stocks like Hua An..
Haha, go and chase after your "good stock", Awea Pro. Share price drops so much after right and bonus issue.
--------------------------------------------------------------------------------- Stock: [PWORTH]: PRICEWORTH INTERNATIONAL BHD Nov 23, 2018 03:31 PM | Report Abuse there is proposal tu buy back share
A stronger HK mkt has given a good excuse for operators to push up some speculative counters like Prestariang, My Eg Services, etc. Incidentally, these stocks were down last Friday.
Net net, they are still held in a trading range planned and dictated by the smart operators.
China and HK mkts have been rather resilient of late. The HSI call warrants are having a better time, after heavy drops earlier in the year.
Is this an indication of better times to come or just a speculative play by the big boys before the G20 meeting? We will catch a glimpse of it at the coming G20 meeting this weekend.
Haha...since somebody does not like it, I'd better save my time and do more useful things. He gives me a good excuse to skip this chore of doing a thankless job. Good riddance! My time can be better used..
My friend thanked me for the good tip I shared earlier on G20 meeting. He made good money from buying a HSI call warrant - probably too risky to enter now.
Mkt is for the prepared. I think this thread will have low traffic vol. Nothing interesting to read about.
This is obviously the "collaborative" work by the operators combined. A lot of counters have been deliberately pressed down across the board to shake out investors. Look at Prestariang, it comes down even more today after its result release yesterday.
If you cannot stomach such volatility, you will simply fall into their trap to sell. The more the selling pressure, the lower they will push down..
The year-end lull period is here, where mkt demand is not high. This scenario is expected to change, comes January next year when mkt participants come back for the new year(CNY rally).
ShareRich, smart move! You are doing what the mkt operator is doing now. Sold much higher earlier and buy back much lower(by pushing down the price now)
Tipster, how long have you been in this mkt? U speak as though u are a newbie.
Every Dec, pp are going for holidays. Not in a buying mood. So, buying demand is low. So, the operators can churn down easily.
Why are they doing this? To collect low and prepare for the new year rally, when pushed up to throw to punters like Paloma(who thinks higher prices are better) to chase high and release their stocks.
Haha..do not be fooled with what u see! Mkt is always for the prepared!
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....
John1234
2,020 posts
Posted by John1234 > 2018-11-21 09:29 | Report Abuse
Wow, 21.5 sen now. A missed opportunity! I will not want to chase high...