It's the usual UMA that follows all stocks undergoing bullish uptrends. The run-up in prices to-day is a reflection of savvy funds' buying and day traders speculating on the expected turnaround of MEGB's fortunes once the deal is confirmed. There is bound to be surprises for the properties' sales due to low book cost coupled with re-branding of MEGB as Asia Metropolitan University as new listed status are but a few catalyst that will help propel share price higher in the near future.
Creador and Palan can be expexted to have the right chemistry to muster strong institutional following in the days to come. So hang in there guys and let the price work itself out of the stale bulls'range. CHEERS.
Cimb said smrt 60c buy over remaining share from siva? And megb own 64c net cash? So smrt immediately get 4c profit? What a good deal for smrt!! With a new management and synegy from smrt, believed megb will fly. Hurray~
"pittbull tommorow must up....to.0.83.........bcos...so many people trap in 0.83above......they sure crazy addd stake for lower down their cost...and run....therefore...today who grab below 0.76 is the winner for tommorow
I guess Tomorrow Never Come !!! LOL (as of yesterday, a lot of self proclaimed master sifu of stock trader/analysts, like saying tomorrow sure drop, trust me, i guarantee you,....etc....) LOL !!!
I believe the imminent uptrend of MEGB will be formed in few stages;
1) MEGB quarterly profit (Objective attained) 2) Official announcement of SMRT buying into MEGB after due dilligence 3) Change of management & board members 4) Sale of properties 5) Operation profit turn around
The uptrend will go according to these stages which will take at least a year. I believe the share price will hover around 0.6X for the time being. The real trajectory surge in share price will only occur when MEGB shows operating profit which I think would take another 1-1.5 years. Just look at the facts, we have a Mr. Education in SMRT CEO and a strong backer in Brahmal. Rest assured, both parties will make sure MEGB a success. I cant think of a better management team and controlling shareholder that could turn around a university with multiple licenses.
Small trading band to-day indicates savvy funds are still collecting for upward thrust later this week after the UMA query. Smart money coming in slowly but surely. Cheers.
@seb5 : Klci should range-trade around 1840, before making a charge up to 1848-1850, and continue it upward thrust 2-3 days ,expected resistance 1875--- if this manipulation come thru.........expect a big and long correction in CI TO FOLLOW.....ITS OFFICIAL MANIPULATION, AND IT'S OK.
MEGB: to ding-dong around 0.77-0.78-0.80 1-2 days, thus and fri 2 days climb to 0.85
YGL : Tomorrow set itself DEAD at 0.39-0.395.....it's the SQUEEZING ON THE BILIS BY THE CON-SHARK BEFORE A BIG PUSH NEXT 10 DAYS 0.59. DO NOT FEAR THE SQUEZZ AND VOMIT BACK...
DSONIC may reverse at 1.45-1.47, if so , i will sell this bloody counter the next 6-7 days, remind me that it may drop another 30-40 cents to 1.00.....the owner is dead.....and so would the followers...
you can check the list and tell me what's the performance like... to quote you one of the top underperforming counter in the list.. perisai.... plunge >50%.
--------------------------------------------------------------------\ @cassyee : once megb do 0,85 in T+4, you should wait for the continuing 5 days (additional T+4) to sell extra 0.10 @0.95........ u r Richer ,,,,hahahahaha
Immediate/crucial task is for KLCI this pm till next pm to launch from its current BASE/BOTTOM of 1842, decisively break 1845, then we will have a CLEAN THRUST to 1855, by this time, every other things will take of itself........all the dead/doze/drunk/constipated SHARKS ,whether Fuchow or Tamil, or Kerlala,will spring into actions and push until kingdom come.....nobody care whether UMA or no UMA...... Now SMA20=Mid-point B/Band is at 1841.....almost touching base..............in fact just touch 3.37pm
There are no near term catalysts in sight. Much information especially SMRT deal is already priced in at RM 0.7X. Smart money entered at or below 0.60. I can foresee some of them taking their profits soon as the trend cools off. This counter will stay between 0.6X-0.7X for months!
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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....
kelvin61
826 posts
Posted by kelvin61 > 2014-11-24 23:48 | Report Abuse
It's the usual UMA that follows all stocks undergoing bullish uptrends. The run-up in prices to-day is a reflection of savvy funds' buying and day traders speculating on the expected turnaround of MEGB's fortunes once the deal is confirmed. There is bound to be surprises for the properties' sales due to low book cost coupled with re-branding of MEGB as Asia Metropolitan University as new listed status are but a few catalyst that will help propel share price higher in the near future.
Creador and Palan can be expexted to have the right chemistry to muster strong institutional following in the days to come. So hang in there guys and let the price work itself out of the stale bulls'range. CHEERS.