JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.14

Today's Change

0.00 (0.00%)

Day's Change

0.135 - 0.14

Trading Volume

610,100


41 people like this.

64,793 comment(s). Last comment by jjohnchew 15 hours ago

IronShirt

3,178 posts

Posted by IronShirt > 2021-10-14 16:39 | Report Abuse

I think Grand Master and Master are Both trapped inside Hiap Tek....Let me put it straight,
Malaysia policy on Steel bar / pipe is when International Steel Pipe price is very High ( you cannot
Export....if price is very Low, you cannot Import ( anti-Dumping )----2 DaiSo no where to Go, just
singing Chinese Opera to pass time

Tyre220069

601 posts

Posted by Tyre220069 > 2021-10-14 18:26 | Report Abuse

Bankers RSS position looks like Jaks is going Down another 50%...So bearish must have a
reason....I believe it is strongly related to Vietnam Power Plant#####this rubbish talk without facts and figures
14/10/2021 4:05 PM

Surge

377 posts

Posted by Surge > 2021-10-14 19:04 | Report Abuse

Ironshirt: u make yourself foolish by not show the facts & data.

firehawk

4,782 posts

Posted by firehawk > 2021-10-14 21:40 | Report Abuse

Co-incidently, last week, I also tried to review JAKS short selling position and found that daily "Net Position" of short-selling is not available. (that means, can only read the status of that day, but if want to read, let's say yesterday or before, is not available. It sounds strange, maybe I don't know how to retrieve the historical data, if anybody knows, pls kindly share.)

From the very few downloaded sheets I have, JAKS net short position,
15Jun 21 --- 30.01m (1.70%)
07Oct 21 --- 40.57m (1.99%)
Today --- 40.70m (2.04%)

Increase of short position generally indicates weakness in mother share price trend, although it is not absolutely so .......

IDSS do not has net position, this is probably RSS. Anyone here do RSS before? Could share your experince?

mita29

1,064 posts

Posted by mita29 > 2021-10-15 09:45 | Report Abuse

They started covering a bit
13 Oct - 41.7 m
14 Oct - 41.5 m

Posted by MIDASTOUCH87 > 2021-10-15 16:04 | Report Abuse

I have the Net Short Position Record:

15.9 1.58% 32294700 Volume


17.9 1.65 33687000
20.9 1.65 33691300
21.9 1.61 32884700
22.9 1.63 33261300
23.9 1.63 33379100
24.9 1.65 33744100
27.9 1.67 34134800
28.9 1.68 34223200
29.9 1.69 34597900
30.6 1.69 SAME
1.10 1.71 34869100
4.10 1.73 35241600
5.10 1.77 36167500
6.10 1.84 37493700
7.10 1.99 40566800
8.10 2.05 41780900
11.10 2.05 41777400
12.10 2.05 41767300
13.10 2.04 41703800
14.10 2.04 41592900

Aseng

8,633 posts

Posted by Aseng > 2021-10-16 13:34 | Report Abuse

Midastouch,

Thank you.

This is very a useful guide of market moments .

Please share here everyday .

For me , for yourself and for all .

enning22

2,899 posts

Posted by enning22 > 2021-10-16 17:12 | Report Abuse

煤炭价格升上天,电价不加。只好多寻找炮灰。

Posted by MIDASTOUCH87 > 2021-10-16 19:47 | Report Abuse

You may check the NET SHORT POSITION through the website of Bursa Malaysia

https://www.bursamalaysia.com/market_information/market_statistic/securities

Aseng

8,633 posts

Posted by Aseng > 2021-10-16 20:12 | Report Abuse

Midas,

Thanks

Posted by MIDASTOUCH87 > 2021-10-16 21:21 | Report Abuse

Hopefully in near future we all can laugh all the way to the bank...Cheers~

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 13:26 | Report Abuse

is it time we compete with the short sellers to buy more/ back from the market ?

or

we don't sell , then there is less tickets in the market for the short sellers to buy back .

if we can wait for a few more days , then we can certainly sell to the short sellers at a higher price .

the short sellers can not hold their net short position for a long time , the cost of holding is increasing everyday . the pressure to return the borrowed shares also does not allow them to do so.

so if we do nothing , the short seller got to pay a higher price to buy back in the market ,

stay united and do nothing and we will win the game

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 13:39 | Report Abuse

do nothing and we will win the battle with the short sellers

why ?

majority of the weak retailer had already sold their shares to the short sellers

we are the retailers who have strong faith in what we believe

we believe it is time we do nothing

we believe if we do nothing there is less tickets for the short sellers to buy back

we believe we can sell at a better price next month

we believe the company has good news to announce next month

we believe the banker will emerge next month to compete with the short seller to buy the shares in the market

Want to win a GOLD , not a peanut .

do nothing and we will achieve our goal

that is what we believe

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 14:06 | Report Abuse

some may think I am promoting jaks

i do not know whether it is a promotion or not when I am sharing selflessly whatever I know

did I ask you to buy /sell ?

NO. i am asking you to do nothing

because I know

if you have extra money , I do not need to tell you what to do

if you have no money , no point I ask you to buy

they what do I want ?

You do not need to sell now to the short seller to make a piece of peanut when you can get a gold if you sell next month.

what do I expect

next month the QR must be good

Big Boys will start to focus on this company .

what have i achieved ?
my hypothesis is proven right
this is an happiness not money can buy

Surge

377 posts

Posted by Surge > 2021-10-18 14:12 | Report Abuse

Agreed with u Captain Aseng
Hold it for longer period, sell at higher price

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 17:22 | Report Abuse

My logic is simple to understand an easy to implement

" the substantial shareholders are not selling, if we do not sell, the short sellers got to buy back aggressively to cover their net short position . They have started to do so based on the data I shared with you.

Just do nothing or more specifically do not sell now and we can sell at a higher price later.

Stay united and we will win big .

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 17:26 | Report Abuse

We can wait but the short sellers can not wait long they got to buy back to cover their net short position . Do not sell and we will see the price breaks 50 tomorrow and 60 level latest next week and RM 1.00 a month later .

Believe me

We want to win big kali ini.

Aseng

8,633 posts

Posted by Aseng > 2021-10-18 17:51 | Report Abuse

You must understand , short seller is not only sell , they are also buying to reduce their holding.
Their disadvantage is that they have a net selling position that they must buy back to cover . Our disadvantage or retailers disadvantage is that we are not organised , we are moving separately as a small individual . It is difficult for us to defeat the short seller if we do not have a common goal. If we have a common goal to win big not just a peanut , then we can control the stock price. The short seller must buy back to cover their short positive but we can wait and do nothing. Then the short sellers have no choice but to pay a higher price to buy from us . When the price breaks all the resistances, then the market sentiment is aroused ,more and more buyers will rush in to push the price higher and higher to the sky . This is called herd mentality effect.

Tyre220069

601 posts

Posted by Tyre220069 > 2021-10-18 19:56 | Report Abuse

Absolutely agree with Aseng

luckyman

732 posts

Posted by luckyman > 2021-10-19 13:47 | Report Abuse

I wish Jaks could announce the successful tenders of some mega projects soon that it has submitted biddings (in excess of RM4 bil in value) in the last many months. That would squeeze the short dry.
Long live ALP! Show them your real super power

paktua73

18,265 posts

Posted by paktua73 > 2021-10-20 09:41 |

Post removed.Why?

sting79

760 posts

Posted by sting79 > 2021-10-20 17:42 | Report Abuse

Aseng is a positive guy who advocates holding longer term to beat the tyranny of the masters at their own game. The world will be diverging further as can be seen in the increasing number of people who awakened to this reality (see gab.com as a good example). This awakening is no different in stock market, the more people moving towards the 20% (the 80/20 rule), the harder the masters need to manage their game!

Don't doubt conspiracy theories, our own Mahathir and many leaders already acknowledged the existence of a new world order years ago! See below our ex-leader speech about a New World Order whom many will simply dismissed as a time wasting conspiracy theory!
https://www.youtube.com/watch?v=1-2V3F4AQF8

garychee8

405 posts

Posted by garychee8 > 2021-10-21 15:14 | Report Abuse

COME COME 0.45

goldenluck16

1,956 posts

Posted by goldenluck16 > 2021-10-22 10:53 | Report Abuse

Controlled by sharks... difficult to make money from this counter.

goldenluck16

1,956 posts

Posted by goldenluck16 > 2021-10-22 10:54 | Report Abuse

No matter how rosy is the prospect . Period.

Posted by GroundZeroIV > 2021-10-22 11:10 | Report Abuse

when OTB ask to buy, you sell. Authority should take action against this conman

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 11:51 | Report Abuse

Do not shout ,
do not guess ,
based on the data
it is safe to say ,
the short has seen there is no value short selling Jaks
they are slowly buying back or reduce their net position
if you want to make big money , then "do nothing "
the short seller will push up the price for you to sell at a higher price

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 11:53 | Report Abuse

why do nothing ?

if you have extra money , then I do not need to tell you to buy

If you do not have extra money , then no point I tell you .

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 12:05 | Report Abuse

do not forget ,

we are detailers

we can't create wonder in the stock price

we are not organized

we act separately as a tiny individual self

if we do not have a common goal , then we will forever the prey of the stronger self

do not shout .

there is nothing to shout

do not guess

nothing to guess

we are just living at the mercy of the BIG BOY

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 12:07 | Report Abuse

to live well

to live with dignity

we must reject peanut gain

we are not a beggar

we have a choice to live

we can choose to do nothing

we can choose to win BIG

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 12:38 | Report Abuse

a peanut gain can not buy you good food forever

a big gain at the target price you had wanted will make you live well thereafter

if you behave like a beggar , you can not be a rich man

what is the difference between a rich man and a poor man ?

1. a poor man does not believe he can make big money
2. a rich man do not believe a peanut gain can make him richer

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 13:13 | Report Abuse

you can see it yourself

if you do not sell , then the short sellers will push the price crosses 0.50 next week

if the psychological level of 0.5 is broken , then more buyers will rush in to push the price higher

if we can work in the same direction , then it is not difficult to exit at 0.6 and above


you have a choice

but you choose not to believe you can sell at your exit tp of 0.6 and more

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 13:17 | Report Abuse

what happened on 18/10/2021 ?

the short sellers were selling 460K share ,

but the price went up from 0.48 to 0.495

it is the confidence of the retailers that pushed the price up

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 13:22 | Report Abuse

see it yourself ?

what happened on the 20/10/2021 and 21/10/2021 ?

the short seller were buying back 417800 shares ,

but the price went down!

again it was the retailers who were hoping to make a peanut gain cut loss

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 13:23 | Report Abuse

if they were able to hold for a few more days , then I believe they do not have to cut loss

they can cut win at 0.5 and above

Isaac7

12 posts

Posted by Isaac7 > 2021-10-22 13:27 | Report Abuse

Thank you for sharing Aseng.

Aseng

8,633 posts

Posted by Aseng > 2021-10-22 13:30 | Report Abuse

why the retailers are the losers most of the times ?

because most of time they act on gut feeling more than logical and reasonable reasoning

Posted by Leong Wey Chyuan > 2021-10-22 18:07 | Report Abuse

Nicely done jaks

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-10-22 18:27 | Report Abuse

Hoseh liow !

Aseng

8,633 posts

Posted by Aseng > 2021-10-23 11:43 | Report Abuse

we do not see any short selling yesterday and also day before

it is the retailers who sell down the price for a quick gain or cut loss

since the retailer had chosen to take quick gain

so the only way to get a break out is company good news in the coming 2 months

Aseng

8,633 posts

Posted by Aseng > 2021-10-23 12:18 | Report Abuse

retailers do not have a belief,
they do not have a fixed direction to reach the destination
where is good , it is where they go .
but buy more trapped more .
they are not well organized and acting separately .
very anxious to see the gain , can not afford to see paper loss .
their journey is full of fears , disappointments and frustration and of course some excitement when they are lucky .
they do have a clear investment philosophy and a rational investment strategy .
Many a times, they die in frustration and also die in euphoria (gloves and Jaks are good examples)

Aseng

8,633 posts

Posted by Aseng > 2021-10-23 15:27 | Report Abuse

Can it be better if I switch to other counter?

Let me share with you my recent conversation in my chat group .

"You can see it yourself, my stock selection . 3/4 not performing . These are the best from homily filter . 75% of the chances I will end up with the same disappointment and frustration . So I fee l it is still better or safer to do nothing at Jaks that you know the best."

Aseng

8,633 posts

Posted by Aseng > 2021-10-23 15:36 | Report Abuse

That is why I said, do not cheat yourself, for most of us, opportunities cost is something that you do not know what you are talking about .

Big money is still made in the waiting. It is the only way. No other way . Unless you believe your lucks more than your skill.

The best skill is still the "BUY AND FORGET" no other ! Unless you are OTB selling tips every week , if not your subscriber will run away .

firehawk

4,782 posts

Posted by firehawk > 2021-10-25 15:49 | Report Abuse

Guru followers should remember the golden doctrine "BUY AND FORGET" no other ! Unless you are OTB selling tips every week , if not your subscriber will run away .


Don't forget to come back everyday, to read the guidance delivered by Guru .......

OTB

11,451 posts

Posted by OTB > 2021-10-25 21:17 | Report Abuse

Unless you are OTB selling tips every week , if not your subscriber will run away .
-----------------
I do not need to sell my subscription to survive, I have more than enough money for the rest of my life.
I can live very comfortably.

I do not worry my subscribers go away.
I only worry I recommend a lousy stock and I did not do a good job.
I am a very responsible person.

No point talk bad behind my back.

OTB

11,451 posts

Posted by OTB > 2021-10-25 21:38 |

Post removed.Why?

OTB

11,451 posts

Posted by OTB > 2021-10-25 21:52 |

Post removed.Why?

HOMESOY

96 posts

Posted by HOMESOY > 2021-10-25 22:46 | Report Abuse

better don follow him for tips...he is less effective now compare last time.

firehawk

4,782 posts

Posted by firehawk > 2021-10-25 23:19 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203304
BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS JAKS RESOURCES BERHAD AND KENANGA INVESTMENT BANK BERHAD

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded JAKS Resources Berhad (JAKS) and its Principal Adviser, Kenanga Investment Bank Berhad (KIBB) for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).



JAKS and KIBB were publicly reprimanded for breach of paragraph 6.56(1)(b) of the Main LR and paragraph 6.02(5) of the Main LR read together with paragraph 6.56(1)(b) of the Main LR and paragraph 2.1(e) of Practice Note 28 respectively for failing to ensure that there were at least 10 market days’ notice from the date JAKS announced the books closing date to the books closing date for the adjustment to the exercise price and/or additional number of JAKS’ Warrants 2018/2023 (JAKS-WB) arising from the proposed rights issue with warrants announced on 22 May 2020.



---------------------------------------------------
Maybe not many can remember what was happening a year ago .....

put it short, due to the "oversight", if one sold WB +/-@0.40 on 26Oct20, can buy back the same @0.20+, one or two days later ......

Im sure, someone closely monitored the RI, was able to make arbitrage gain from the glitch :D:D

JAKS always put up interesting events and sometime, even the IB was involved :D

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