When the rights issue was listed on the 13th, its shares washed away their previous decline. Its share price closed at 12.5 sen the day before, and on Friday it rushed forward, standing at 22 sen, and trading the top of the market, reaching 2 million shares.
The newly released voucher C is even more hot, with a trading volume of nearly 5 million shares, and the price once stood at 9 sen. Shareholders who tried their luck investing in their rights issue shares made a windfall of over 100% in a short period of time (RM1000 per 100,600 shares and 22 free vouchers, the share price of RM220 sen (RM9) and RM54 (RM274) on that day equaled RM1, i.e. 7.<> times the subscription price).
Now, a week later, after the parent stock rose to a recent high of 27.5 sen, trading began to subside, and the stock price also fell below 20 sen.
Price was 8 cents. Issue rights with free warrants. Pump mother shares to 0.20 - 0.26 n dump with profit. Everyday unload warrants 0.09 to zero. Because its free. Cost = zero.
Then slowly2 release mother shares back to 0.08. No loss, bcause small loss set off against earlier pump n dump profit plus warrants easy money.
Mother will stabilise back to square 1 at 0.08. Warrants 1/2 cents lowest possible bid. Volume disappear. Game over. Those trapped will wait months n months, finally give up n sell at huge losses.
That is all that there is to it. The money game people play.
@keluarpattern - kesian leh you still wait for reversal, so many counter to play, u die die want this counter hahaha. boss sold leh. your strategy in 'harap harap naik, pray pray to multiple God' also cannot help one.
@PresidentLOL haha, got few counter in the list lah, this one just monitoring coz day day number one, usually 10 counter heavy sell down got 9 counter will reversal/rebound in short term then go down again. if can catch the reversal then got profit loh.
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 2948 views | 2 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....
julian1981
900 posts
Posted by julian1981 > 2023-07-25 09:45 | Report Abuse
what happen to classita?