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 .
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apolloang
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Posted by apolloang > 2018-09-09 22:47 | Report Abuse
ringgit so low hold cash no use,better hold stocks