Buyer BEWARE - another pump and dump stock Scanwolf could be a cornered stock Big speculators could had started accumulating around 50 sen and pumped up to 98 sen The private placement of 17.46m @ 54.45sen had been granted listing yesterday 12th April 2022 Buying at current price at 96.5 sen is high risk with limited upside potential This is a scenario of "Afraid of missing out" a sure way of losing your hard earned money For your information - Scanwolf had been losing money for the past few quarters and the current Net tangible asset is only 34 sen on 24th Feb 2022 Technical chart wise - the Bull run for Scanwolf started around early 2021, could end soon after the listing of the private placement For those who has Scanwolf - time to take money off the table.
The super bull run for the major world markets is over Now is the starts of a bear market due to rising inflation with FED raising interest rates and stopping the easy money policy Malaysia market cannot goes against the major world markets As a Position Trader, the correct strategy is stay our of the market and put your hard earned money in Cash market or Fixed deposit Staying sideline is also a trading strategy.
Buyer BEWARE: There are huge amount of conversion of loan stock at 30 sen Even at current price of 93.5 sen, the conversion of the loan stock still make a huge gain of 311% Not forgetting the recent private placement of 17.46m @ 54.45sen had been granted listing on 12th April 2022. Scanwolf had been losing money for the past few quarters and the current Net tangible asset is only 34 sen on 24th Feb 2022
IMO, Scanwolf is a TOXIC cornered stock - get out before it is too late
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....