Today early drop and ended up closing price at 94c certainly filtered out many short term traders and contra players. My guess tomorrow will be very well supported at this price level also.
What a finished. Net sellers were dominating throughout the day and finally the war was won by net buyers. This was a firmed confirmation that this stock is going only one direction and that is up and up till she reach the major resistance level of 99.5 sen. Continue to ride the trend. I am expecting a big win for net buyers tomorrow, a solid white candle to double confirm that the big boys are in town.
Trader8898..huge block at 1.98/1.99...rasa2 inari can break 2.00 today? Bcoz i put sell q for inari wb at 1.17 today predicting it will touch 1.17/1.18 and retract..
Insas has M&A securities, in addition to Inari, insas also has Technology arm. Why all technology sector price has surgedmto 100% to 300% n more, such as datapred, efficien, greenpacket, hope insas is coming soon powerfully..
everyone want to attack those tech counters. Insas holding Inari, Omesti, Microlink etc which all moved up a lot today. Instead of chasing those lousy goreng, grab insas better!
Fortunately Insas has not sold any inari share since oct 2016. The inari price surge more than 35% from 1.50 ( after bonus issued) to 2.04. More than Rm 150 million gain for for non disposal since end last year.. insas can b considered low risk, deeply undervalued. Can hold for long term as starting givec dividend. But not for contra play !
Insas NAPS RM2.18 with Inari at book value less around RM200mil. It's holding in Inari at market price already worth RM900mil. Therefore Net Asset understated by more than RM700. Insas NAPS is more than RM3.18 if taken into account of Inari market value.
Good point @pasanglang, and I think this 'crazy low price' is due to confidence issue on the believe that the major shareholders will extract and realise "value" for the minorities. Any hint or action/s taken towards that direction will certainly be a major catalyst for this stock. A good example is HapSeng Consolidated.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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!
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....
linges
2,689 posts
Posted by linges > 2017-03-21 10:48 | Report Abuse
Bought back @0.93 :))