Thank you for sharing info. However, every 10 cent increase in the stock price will meant a lot to them to their wealth, not sure whey they don't want to push up a bit
If you see each morning, they will pile up a lot of buying, than just before mkt opens, all the buyer withdrew. The syndicate has no money, so left hand right hand to create fake interest and vol and hope some retailers or foreign fund will come in to buy them up. I am also sure the shares are pledge to margin accounts. I have reported this to SC and they are keeping a close eye on them
I am a newcomer and I have been observing this counter. callme777, I agree with your observation. The counter will only move when the big sharks are ready. Until then, wait patiently.
Manipulation is the name of the game for any share market. Timing is everything. You must know how to ride the wave. Every one knows to buy low and sell high. The sharks are not ready to make wave. You either wait till you can see the wave or you buy when you think is low enough and wait for the wave. So, be patient.
Buy Low does not mean that you can buy the lowest. Normally, you buy when you are sure that the price has made a U turn. It can touch the lowest again but normally they will not allow it to happen in order to build a base unless market crash or the company result is very bad. Patience is a very important factor to make money. As for KNM, for those who buy below RM0.4 is considered a good buy.
Yes, don't one feel being smart parking money in this stock and yet stuck in it for months or even years and still don't have capital gains and potentially no forward looking growth seems on sight yet when you could had parked money in hibiscus or armada and had a capital gain from 10-30% already?? Be proud cause you are smart to park your capital here in a potentially high prospect counter that might reward you posibility to earn stock maybe few cents over the next few months.. bravo.
the qtr result is near the corner, but price is still stagnant, you may check out and do wait and see approach.
I do not have this counter any more. Since there is more attractive counters in bursa, KNM profit margin really damn low ....... Anyway, choice is yours.
Just watch the bid of 5001 queue at 0.355. It will withdraw just before mkt opens. I have reported to SC under market surveillance- mkt manipulation. Is time to charge the bastards
Buyers with big vol line up and Sellers with big vol line up - indicating that the counter is not ready to move yet. So those can wait, wait. Those can not wait sell. Good Luck.
i suggest you dont put too much hope on this counter thinking it will move soon everytime. it will kill you faster. Just don't look at it, don't hope and don't think it will move else all you get is only despair. Of my many counters, some return 20%, 30% one even return 100% during the past 2 months. except this counter. is dead still non profitable though i dont lose much on this counter but i am not happy because it is dragging onto my portfolio.
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....
ijok
69 posts
Posted by ijok > 2017-02-14 20:30 | Report Abuse
Thank you for sharing info.
However, every 10 cent increase in the stock price will meant a lot to them to their wealth, not sure whey they don't want to push up a bit