when MMAG took up the right issue of CSH @15sen the market cap is over RM150 million somewhere in DECEMBER 2021 and now the market cap is below RM50 million and with the RIGHT ISSUE SHARE FUND in the kiddie of CSH ans so if there is NO HANKY PANKY with the fund it should be a good buy.Buying it at 0.035 sen is a good buy and at 0.025sen is even better and the ONLY PROBLEM is even if you can get it for 1 sen we must prepare to hold for a longer term for the market to stablelize for operator to push up the price again.Cashing out at 2 sen or 3 sen is definitely a LOSS to the seller unless he can buy it back cheaper.By right there shouldnt be any BIG BUYING or SELLING at this price and so can buy SMALL n SLOWLY but CANNOT SELL
Let see how later in 3 months time , I only buy 10,000 shares for RM350 and que at 3 sen and intend to double it up at 0.025sen and for RM500 I can get another 20,000shares.I am betting it is better than a 5 years FIXED TERM DEPOSIT unless CSH close shop.
EATECH RED DOT counter also can go up today to 0.075sen almost having the same business structure EXCEPT EV n GLOVES. Very hard to predict what BANKER intend to do and when to roll the DICE UP. If I know I will PAWN MY UNDERWEAR and BUY EATECH
0.025sen POSSIBILITY, who know ? except the BANKER know when to open BIG or when to open SMALL even GENTING BOSS also don't know what the outcome of the game BEFORE SPINNING but this CSH BOSS know the finale outcome.Over here is only just a PAPER LOSS for the boss from left hand to right hand.
HANKY PANKY in share trading make money for some but HARD TO TRACE BUT pinching money from the company coffer especially those loaded with CASH is a serious crime and can be TRACE easily even with10 or 20 layerings. HAHA
OPERATOR or BANKER controlled market either way can go and if operator decided to push it to 2 sen ,WHAT TO DO, buy LO another 30K shares for RM600 BUDGET RM3K for this counter so far spend less than RM1K and if it can really dump to 1 sen buy finish buying ALL with the EXTRA FUND and leave it to BANKER to decide the next move.
A few hundred ringgit BANKER will let you win but a few THOUSAND RINGGIT is another story ,will move up when the coming election date is announce because the price is TOO LOW to have FREE PARKING
When the time CSH come to 2 sen we must able to buy it in order to average the price but whether operator will SANDIWARA from left hand to right hand is another matter .I feel most people who wanted to sell will have already SOLD ALL my now since the BAD NEWS market correction and inflation have creeping up since a few month ago.OPERATOR will not move the price up NOW for sure when world stock market seem like CRASHING DOWN and it is a golden opportunity to make 100% profit but RISK is always there .The next market mover theme should be EV and renewal energy stuff .
The last time when US market has the EY the big4 auditor and the house MORT sublime problem stock market collapsed the CHINA,GERMANY and ASIAN market are doing quite well but now EVERYWHERE on earth are on FIRE and every countries need to take care of its own self so where can TINY MALAYSIA hide and lean to.Good time will eventually come when ALL THE BAD omens pass away EVENTUALLY, ony WHEN ?
Recession is coming it is a time when the RICH become RICHER because they can still invest and can afford to catch the falling knives in the DOWNTURN but if you think you need CASH to survive during this DOWNTURN better not touch the stock market.W-Buffet say NEVER LOOSE money in a stock market but he did loose in 1 or 2 BAD investments but overall n in the end HE WIN.
Operator or Banker will not let small investor to win BIG because they have SHARES and moiney can go either way from left hand to right hand pushing the price down if NO ONE dare to que at a lower price or buying up with READY FUND.
Another fast, kanger in the making ? After rights issue fund raising lots of money from loyal retail shareholders, next step could possibly be shares consolidation.
Consolidating the company shares will see the price move up ,just HOW MUCH ? as long as the company is still flush with CASH during the hard times ahead and NO HANKY PANKY by directors with saliva dropping seeing the RIGHT ISSUE CASH in the kiddy. HAHA.
CSH share price dropped to 0.03 , Major share holders already lost 80 % cash when they fully subsribed to the right issues at 0.15 , a lesson to them...
During BAD times ALL STOCK COUNTERS fall and only by HOW MUCH ? While some will fall less because it is already a WELL BEATEN stock while speculative shares still have some way to go down but can nimble bit by bit of shares with excess fund parking IDLY.Buy some KLSE INDEX LINK STOCKS if you believe market will be going up soon ,MAKE SENSE ?
Banker already know NOBODY is going to buy and sell at this price 3 sen BUY and 0.035sen SELL price at this DEPRESS market situation and that is why banker have TON of Shares to sell (SCARING TACTICs )and ready fund to push up ANYTIME he want and when the time is RIGHT.
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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....
oskchoon
3,186 posts
Posted by oskchoon > 2022-09-14 11:06 | Report Abuse
Cash is King, CSH. TP. 0.01 is unchange as major shareholders are manupulating and depleting the cash holdings.. .