The main reasons this counter not moving up are 1.) The sharks and the major shareholders have not accumulated enough , may be more than 150 millions shares still in the hand of retail buyers . 2) the sharks and the major shareholders are more stingy , they want to earn every single sen they can . Those who have patient and money just hold tight will be rewarded . If you look at PINEPAC ( 1902 ) , from Jan 2018 until 11 Oct 2018 , most of the times , the daily volume is less than 1000 lots . Sometimes no transactions at all for few days . Similar cases like FACBIND , GBLAND ( TANAMAS ) and LBS few years ago . This means they have not accumulated enough , if they push up 30 sen , they will make less 45 millions [ 150 millions x ( 0.85- 0.55 ) ] .
All other counters are traded in the same way , the sharks are using the same tactics , retail buyers buy , they will push down , retail buyers sell the will push up within a range , except in some special cases like take over , going to bankrupt etc .
Nowadays , the sharks are more stingy , more afraid to goreng up and push down in a bigger trading range , so , A lot of retail buyers have given up , they went into properties and quick money scheme .
BURSA and SC should give more attention to misappropriation of funds , misleading accounts and misleading informations , related party transactions , more governance instead of small fluctuations in shares prices .
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....
apolloang
18,163 posts
Posted by apolloang > 2018-09-09 22:47 | Report Abuse
ringgit so low hold cash no use,better hold stocks