Normally after the major shareholder dump off their stocks, this are the situations that likely to happen. according to history. 12 stocks out of 20 stocks are like that, 5 goes into pn17, 3 stays there forever.
From my past experience if a lot ofpeople gives to much negative statement...or some people keep selling thats the time to buy bcas we dont know who give the honest advice...so better think carefully now msia market uptrend..hubline likes same trend with harvest,tiger,ingence ,nicorp and lot of penny stock..the only org yg sabar je got very huge profit..
Still not sure the rumor is true or not but the way price maintain at 0.045 - 0.050 range is almost an indication of something happening inside. The sell volume is very high but everytime there is a buyer Q at 0.045 to maintain the price at current level. However im not sure the rumor is true or not. Just heard from someone only.
as long as hubline in good financial report n never delays the announcement n dun do any corruption..i do stil believe in tiz stocks.juz his value of stocks sometimes make peoples look down on it..juz like human attidudes
I totally agree with Mozaic, normally when a lot rumors or bad news about one stock, sometimes people purposely spread it..and then it suddenly it goes up..
Not to say i angry about this counter, so i do a research about worldwide shipping company. and follow continuously on their trend.. So i can write an algorithm on edge detection for shipping stocks ..(the very beginning stage, need more time to go)
But one thing until now i still cannot understand about this stock....It looks very clearly someone is controlling the price... One day it will come...No people will makan so free, no time to do and control a stock price...
And the most unfortunate thing, even one of the largest shareholder quietly dispose to public... Do u know how much he need to lose ? And the danger hidden inside this situation...
If he just transfer to someone, he can just directly declare on public on time .. no need to hide anything.. just like how the director transfer to him...
So in my current research, i try to use the trading movement, using black scholes model, and run with monte carlo simulation to extract out the features to find the similarity nearest with Lion Corp..
So it's just another case of unscrupulous directors spending most of their time scheming how to manipulate and cheat powerless little investors....instead of figuring out how to make the company grow bigger and stronger like they are paid to do. Cheating small investors is easier and quicker money. Why go through the trouble of actually working to make the company better? Hubline, thanks for the lesson on investing in penny stocks with NO CLASS and deceitful directors!
Those fed-up/demoralised/impatient minority shareholders will also follow to panic sell to the open market @ RM 0.045 where B1 & B2 Friends will queue to eat @ RM 0.045.
B1, B2 & Friends will later buy/sell among themselves to tie back to B1 & B2 initial combined shareholdings.
Buy low is the mantra my friend.Someone is pressing down the price and accumulate and push it up once the accumulation is over.This is how they make money.We as small ikan bilis can only curi curi makan by the side.Sooner or later they have to push it up.
I suspect that what spider68 is saying is what's been happening. Also like daryltkt says, we as small fishes can only wait and ride it out. Those that cannot tahan and have to sell are the ones that the BIG FISHES are going after. The Big Fishes here are the B1s and the B2s that are downselling to each other.
As a small investor, what I can learn from this experience is: when dealing with penny stocks, pay attention to the directors and their history. Their companies always have so much "potential" and "growth" up to 3yrs PRIOR to listing. This is a BURSA requirement. Once listed.....major shareholders have made their money and small investors are left with the "dream" of owning "the next BIG thing". WSK and his AMEDIA is another similar example. So much manipulation. Maybe I'm not smart enough to understand but for long term, I will start to gradually switch some of my portfolio to bluechips.
Brothers, this counter is dead, trust me, this counter cost me at least 120k a couple of years ago when it was 0.125 and down it went until now.
I will be back when it is 0.01, just want to keep some to remind the 'lesson' learned
get out and buy something else. event kbunai is better if you really want to play penny stock, at least 'K' has a resort in Sabah, 'H' has a dead shipyard
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....
alamandaamanda
245 posts
Posted by alamandaamanda > 2014-04-04 16:40 | Report Abuse
Normally after the major shareholder dump off their stocks, this are the situations that likely to happen. according to history. 12 stocks out of 20 stocks are like that, 5 goes into pn17, 3 stays there forever.