@murali It's possible, because the EPS is so disappointing. But there's the possibility it has already been factored in. Taann has come down a lot already, from 5.00 not long ago. However, better to be cautious. See how the counter performs tomorrow and how it closes. There might be indications of a new support line forming.
8mil shares yesterday plus 4mil today are not normal investors. the boss and bankers must be selling their stakes. when these crocodiles are swimming away, those left behind need to wash dishes for long long time. this result is the worst since 1st qtr of 2013. who knows their coming quarters/years result will be any better or worse? as global economy is sliding down, it is hard to believe they can go back to previous level within a short time frame.
only the FOOL wil hold the shares...if u r buying 10lot then okla...u r lucky if u sell out 3.85tmr....trust me,the selling juz BEGAN... shortseller hd to press dwn gaw gaw to earn ur fear n ur money
matter of fact, these two days the counter has drop quite a lot.. must be those have access to insider info. Hope someone can report to bursa for insider trading.
Waiting with my money to buy when it drops tomorrow. I believe the future of Taann is still good as the report have said. The next quarter results will be much better . Share market is buying into the future and not the past. Dont worry guys who bought this. I believe when the market closes tomorrow Taann will be in green and not red. If u read their report carefully, it is OK and not that bad as Gtronics or Cmsb.
That's right, weng77. Might be Taann had given some donation to BN for the state election in order to secure continuous support, business and licenses from BN in future.
JCY and so many other counters produce a loss this quarter compared to profit the last time, all will go limit down???? Taann only 50 percent less earnings and turnover is OK. It is only ONE QUARTERLY RESULT. Do not overreact on this. Still got bonus and dividend....buy when it is down.
The company has been churning good revenues and profits for the past many years. Its not a new company that just sprung up yesterday. It has good records. So relax everyone and dont dont let just a QR to affect its whole future and yr decision. Think wisely. Do note that market makers even EPF.. know to to take advantage of human sentiments and panics and they have the means. Seen these soo many times. They want you to think the company will close shop soon.. then sell.. hmm..
As mentioned by @kk123, some insiders obviously had known the results significantly earlier. It's not with Taann but the other companies as well. Note how prices had suddenly slipped days before the announcements by these companies. Falls are part and parcel of the stockmarket. But not one that is sudden, and then builds up before anything is officially mentioned.
The Board of Directors wouldn't be so stupid as to sell their own shares. But what's to stop them from whispering to close friends and cronies? If the Securities Commission is more diligent in investigating and digging deeper, we would see a significant rise in the number of prosecutions.
Taann has dropped from its as high as 4.95 to 3.89 currently in just 2 weeks. So.. its noticeable that insiders already got the news ahead of the announcement.. which is illegal and unfair practices. Yes.. agreed.. SC should play an active role in mitigating these. If we can see these.. they should've known better coz they are the authority. But the problem is.. the SC are people and some are the insiders and cronies too.. lol. That is why many investors especially foreigners are not that confident with our bourse.. heavily manipulated by syndicates who cant be "touched" by SC or Bursa..
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....
aunloke
974 posts
Posted by aunloke > 2016-05-19 18:25 | Report Abuse
Putting out BS to attract buyers before the known bad results is out.