hmmm... u sure it is short squeeze? Yesterday gold spike, today US dollar slump. Something brewing. Too much movement in global money. I do believe it is more to do with international events rather than this particular stock itself.
So far info i read... Trump have a deal with China. So they will work together to settle NKorea issue. This is good news as risk of trade war lower. But Syrian/Putin issue and US gov shut down risk is still there... Hence, got to wait for more updates.
Dance to the tune of the operator then you would be OK.... when volume is up and more retailers are in, the operator will unload...and vice versa....
Today is a bad day across the board..... why? What are the actual reasons? Global? Geopolitical risks? Syria/North Korea/Trump, USD too strong?..... :(
Current Asset minus ALL liabilities =RM700+ millions. It is more than RM1 per share.... not yet included investment in associated companies, 400 millions shares in Inari, 50 millions Hohup, ....and other fixed assets...
Despite all these.... it is still at the mercy of the "Daiko" whichever way the price should move!!!
My 2 Sen opinion....
Maybe better just buy and keep it under the pillow :)
From my observation the syndicate is holding ad much as 10 million Insas shares and much more Insas warrants. The shares were purchased, sold off, repurchased again many times from around 80 sen onwards. The syndicate's current average cost is probably around 88 sen, meaning the price will not fall below that.
Already said if you can't wait, don't bother with Insas.
Back then when I was looking at Insas, I thought Inari PER was too high at 1.80 while led me to buy Insas. Inari exploded to 2.80 while Insas actually dropped to 87c from 94c. Fed up and ignoring it for a month. Received a message from my bro one day while busy dealing in Putrajaya. It rocket to 1.18.
If you're asking me top up, I really can't be bothered because I think I spent enough to understand how this share works.
anyway, insas is a complicate holding company. i come back just because of their tressury stock, around 4% of share, value 15M in their statement. I hope they would give out as dividend like what Berjaya Corp did. Insas did this before in 4-5 years ago.
Seabass, Insas owns 400 million Inari shares. The cost of those Inari shares are reflected in Insas accounts at around 55 sen per Inari share. Market price of Inari is currently RM2.
@leno, they have data. They knew the exposure. Too much people speculate a stock is risky to the bank/broker. All bankrupt then bring down the broker or bank, that is stupid bank. PBB is indeed a good bank. Better hold PBB.
@Leno, 和气生财。 i'm not sure about ur account type or how rich you're. But let say PBB have 10 rich guys like you cook PMcorp. May be 10 of you already own more than 50% of PMcorp. Some of these guys pledge their share for other loan in PBB. So, PBB know their risk if market crash or this stock crash. Some of these guys will not be able to pay back PBB and PBB need to incur lost. Anyway. this kind of limit only happen on penny stock. From this, i suspect PMcorp is penny stock. I have no idea what is it...
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sohaitrader
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Posted by sohaitrader > 2017-04-13 11:01 | Report Abuse
ema 20 days still haent break .. uptrend trend line havent break .. see tomorrow .. haha dont worry be happy ..