aliyusof Said many times a big trap. Big sharks bought it around 8 cts to 10 cts before news slowly leaked out in the media last week. Sell fiercely on news confirmation last Friday from 22 cts. Golden rule, buy on rumours and sell on confirmation, valid since 1970s. Do not trust Chinese companies. Look at their counters in Bursa and Singapore. All koyak
Transacted daily volume heavy yet price not up. Big sharks let go inventory slowly from 22 cts but cannot let it fall too much so also must buy to maintain it above their initial buying price so as not scare away ikan bilis from buying and let them think another push up coming. Once finished selling all bullets, then will see price free fall. Most ikan bilid get trapped especially those buying above 15 cts. Ikan bilis buying below it may still can swim away. Just a view from experience, u decide your money.
Skyjuice2, if extension is really rejected (as the dateline is today) and if delisted, then likely many ikan bilis are holding a piece of scrap paper and crying sadly. If not delisted, the company has another dateline 31 July to cross which is the most difficult and nearly impossible, that is, to complete due diligence by Chinese, sign definitive agreement, get all banks, TNB, Petronas and major creditors to agree on massive hair cuts and approve the rescue plan + all regulatory approvals. That is only 2.5 months from now. Just be cautious of your money.
Aliyusof, yes. Some insiders already talked about the rejected extension and delisting. There's no hope for the company. Just cautious of your money and cut loss while still can.
Hopeless, delisting any time, ask for extension till 15 July but Bursa has not said yes or no. Even extended, it is a matter of time will get delisted. Then your share is zero value and cannot sell. Then hold them as souvenirs.
Looking at the huge daily volume transacted and price moving down slowly and not going up, obvious that the unloading of inventory (bought below 10 cts) by big sharks is not finished yet. After that, many ikan bilis will hold the shares , cry and sleep with it...
Selling volume is much heavier than buying volume and price trend is always gradually and not sharp downwards during the last few weeks, it means the unloading of inventory of big sharks are always finished... but not yet. It will retrace to where it started at 8 cts. Those who bought much higher will get trapped and permanently trapped if delisting really happens.
Hehehrhr ... Average down double dapat 12 n 12.5 .. Next level I mau 10 and 10.5 ... OK bo ?thanks ya ...Hahahah.. Just if 7 or 8 le ... I will cut loss and sell to u la ... Hahhahahahah.. Thanks ya
Bro tj , I also dapat 0.125 ,you really think this won't delist ?you have any news ?really curious for me to see some1 parking here for months talk negative on this counter .how you see this ?another liihen ?wakakkakakaka
This is a negative company with negative nta run by negative Directors generated negative profit sparkles plenty negative stories have trapped many positive supporters suffer negative catastrophic end day.Buy at below 2cts with small volume or leave it !!!!!!!!!!!!!Keep your money for KFC or OLD TOWN COFFEE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!con company!!!!!!!!!!!!!con!!!!!!!!!!!!!!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 252 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11336 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
khlee
13 posts
Posted by khlee > 2015-05-13 16:49 | Report Abuse
the ikan bilis is me!......mati