IT SEEN TEMP no-WIN...DUE TO PREF SHARE SELLING BY INSTITUTIONAL BANK?...THEY SURE ALSO NEED TEMP CASH OUT THEIR FEES.
TEMP PUT ON OBSERVATION...MAYBE WAIT IT DROP AT LEAST X CTS ...
SHIFTED FOCUS ON ANOTHER SHARE....dYNASIA--- SEE SUDDEN SPIKE OF NON STOP BUYING AT 14CTS ...THEN SELL DOWN TO 13.5 CTS TO GORENG BOSS Q..COZ THE VOLUME ALL THE same PATTERN...MIGHT HAVE SHOW FOR TIS ..JUST SEE
Market breadth had been negative for many days already. With more than 500 losers. Comparing TAWIN with other stocks, you should feel lucky. Other counters are easily losing 15-20%
Buy more TAWIN, pending announcement T*SLA project. All directors are buying more and more shares, they even go to the extent to own shares by using their companies. QR delayed so they can continue to buy more. TP RM2.00 by end of March
When you look at the volume of directors and insiders buying millions and millions of shares, they obviously think there is good news round the corner. Many counters were down today.
Looking at the behavioral pattern of Tawin of late, I think this Company is undergoing a change in its image. It is no longer a pump and dump kind of a company. I think investing in Tawin has become a safe zone. Of course the general small fluctuations will be there but very unlikely to collapse (my personal opinion). Copper wire companies, if well managed, will surely make good money. The privately owned copper companies in Melaka are all making good profits.
might need to wait a day or few ...wait till washing process complete or institutional sell some of their pref share converted.
the fact is: current trend is down...but ...just need to get clearer signal ..
i had since cash out profit of near 5 figure..wait for another chance, cheaper entry ...same time observe another potential up counter ...like Dynacia...still observe, volume and price diff is seen this few days ...will it just a false spike or really boss playing to collect more share in hand ?...dont know ..
anyway, this counter also have only very little share issued...so, easy to goreng ...boss now also want retails buy their share ..so they might like Tawin to jack up further ?....coz i-sinar, i bestari, epf holders oly cash out RM18 billion hard savings frm epf...money flow will mostly flow into Equity market to earn some quick buck ....
Pls enlighten me. Why institutions want to sell the converted shares? Conversion ratio is 4:1, so their cost is RM0.40/share. Now share price 0.31, convert to sell at loss??? Zzzz
Having seen some positive developments in Tawin with a stronger balance sheet, please do not forget that once the ex-date for rights issue is announced, you need to cough out 18 cents for every one share that you hold (3 rights for every 1 share; 6 cents per rights share). As such please check your cash budget to ensure you do not put yourself into cashflow problem IF you intend to subscribe for the rights in due course. If you subscribe for rights at 6 cents, at the present time, it is a no brainer ie. sure profits ! I am not sure of Tawin hitting 50 cents but I think Tawin is becoming a decent and reputable stock in the KLSE (unlike the past)and hopefully it stays that way.
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clementlee
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Posted by clementlee > 2021-03-02 00:30 | Report Abuse
Started to see red..