MAGMA GROUP BERHAD

KLSE (MYR): MAGMA (7243)

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Last Price

0.20

Today's Change

-0.005 (2.44%)

Day's Change

0.195 - 0.20

Trading Volume

743,000


3 people like this.

3,226 comment(s). Last comment by stonedInvest 1 week ago

nanas

126 posts

Posted by nanas > 2017-03-21 10:58 | Report Abuse

congrats to all by not following the order of the wecan stock. now he already closed the telegram channel.

my advice, do not simply trust people like him, use other people for own benefit. I believe he will come back with another way to manipulate us.

be careful guys.

wecan stock down, stockalliance will be also.


TRADE RESPONSIBLY.

INVEST RESPONSIBLY.

MAKE MONEY ETHICALLY.

DO NOT SPREAD RUMOURS.

DO NOT LIE.


-pineapple in the sea

dnks88

75 posts

Posted by dnks88 > 2017-03-21 17:27 | Report Abuse

can wan la, timing just not right yet. kakaka

nanas

126 posts

Posted by nanas > 2017-03-22 09:52 | Report Abuse

GOOD JOB BURSA!


Bursa warns of stock market manipulation with pump and dump schemes

PETALING JAYA: Just when the market has picked up steam with trading in stocks hitting high volumes, Bursa Malaysia has detected “pump and dump” activities circulating through the social media.

In a circular to the heads of dealing and compliance of stockbroking companies, the stock exchange said it discovered certain groups of market participants using the social media and Internet trading to carry out manipulative activities, which included pump and dump schemes.

The circular was exhaustive on how the manipulation was being carried out.

It said the operators of the pump and dump schemes, that are transacted through the social media, would typically begin by spreading false or misleading statements, news or rumours in investor blogs, chat groups such as Telegram, WhatsApp, WeChat, electronic bulletin board postings or online newsletters to entice or recommend unsuspecting investors to buy stocks which are touted as “hot” picks.

This, it said, was to facilitate the disposal of the stocks that they had accumulated earlier at higher prices.

“We believe that in this Internet age, it is extremely easy to reach out to people through the social media and the availability of the new cyber-tools to reach investors has given rise to unscrupulous operators of pump and dump,” said Bursa in its industry communication letter.

Bursa said operators would often post their own researches, make unsubstantiated statements, promotional news or hearsay to gain the confidence of their followers and lure them into following their stock tips.

“The false or misleading statements regarding the stock are spread while the operators are accumulating large quantities of it or have it accumulated earlier at a much lower price,” said the stock exchange.

Bursa said the operators were persuasive in the chatrooms to entice people into buying the stock with the end goal of running up the prices.

The stock exchange spelt out other methods used to generate interest, which included order stacking or layering, slicing of orders into small quantities to give an appearance of active trading as well as aggressive buying and selling.

“These parties could have multiple accounts opened and operated at a broker or brokers, as well as online trades in creating a hype of activities to attract others to come into the market,” it said.

When the stock price is pumped up due to an increase in trading volume, the operators behind the schemes will sell their stocks before the hype stops.

“The exit of the operators will cause the price to plummet while innocent investors who bought high and sold low will lose their money,” it added.

Bursa said it wanted to share the observations with brokers so that they become aware of such activities and alert their representatives and clients to exercise caution and diligence.

Read more at http://www.thestar.com.my/business/business-news/2017/03/22/bursa-warns-of-pump-and-dump-schemes/#Ut8bJPhgDiTbKOai.99

hkhk

2,066 posts

Posted by hkhk > 2017-03-22 19:32 | Report Abuse

no more story?

nanas

126 posts

Posted by nanas > 2017-03-23 09:10 | Report Abuse

habis wayang..wecan stock got money, he cabut already. irresponsible culprit. such a scam!

hkhk

2,066 posts

Posted by hkhk > 2017-03-23 10:12 | Report Abuse

adui

andr

458 posts

Posted by andr > 2017-03-23 10:13 | Report Abuse

his call on Minetec was accurately reached 15c today. anyone knows where is his new channel?

Posted by maunkulopdollah > 2017-03-23 10:50 | Report Abuse

Wasting time..liquidate..go for technology counters..fast money..hihi

roar

5 posts

Posted by roar > 2017-03-23 15:41 | Report Abuse

mostly win with Wecan. why close channel?

云高

134 posts

Posted by 云高 > 2017-03-23 17:49 | Report Abuse

Ten sen coming soon .....

hkhk

2,066 posts

Posted by hkhk > 2017-03-23 18:51 | Report Abuse

yaka. director selling le

云高

134 posts

Posted by 云高 > 2017-03-23 19:46 | Report Abuse

Tomolo c c how

hkhk

2,066 posts

Posted by hkhk > 2017-03-23 20:37 | Report Abuse

anyone got insider news?

Eric_B8B

73 posts

Posted by Eric_B8B > 2017-03-23 21:16 | Report Abuse

Insider news : tomorrow 11 cents

hkhk

2,066 posts

Posted by hkhk > 2017-03-23 21:44 | Report Abuse

sure or not ur news?

sctan

468 posts

Posted by sctan > 2017-03-23 21:57 | Report Abuse

news from wecan?

云高

134 posts

Posted by 云高 > 2017-03-23 22:19 | Report Abuse

Hahaha....

BBYFH

116 posts

Posted by BBYFH > 2017-03-24 09:47 | Report Abuse

where is wecan now?

hkhk

2,066 posts

Posted by hkhk > 2017-03-24 10:22 | Report Abuse

today 8 or 11 cents...haha

Junx Leow

524 posts

Posted by Junx Leow > 2017-03-24 13:13 | Report Abuse

wah lao ....... where is ur 11cents ?

hkhk

2,066 posts

Posted by hkhk > 2017-03-24 18:54 | Report Abuse

in our dream...

云高

134 posts

Posted by 云高 > 2017-03-25 06:06 | Report Abuse

Come Liao ......

hkhk

2,066 posts

Posted by hkhk > 2017-03-25 10:24 | Report Abuse

apa yg come le

Posted by smallplayernia > 2017-03-25 20:15 | Report Abuse

next week 10.5 cents :)

hkhk

2,066 posts

Posted by hkhk > 2017-03-26 21:06 | Report Abuse

hope lo. takut is 7 cents saja

yong

444 posts

Posted by yong > 2017-03-27 09:44 | Report Abuse

If they wan do 7 sen last week force selling already do.wont drop to 7 sen in tis few week

hkhk

2,066 posts

Posted by hkhk > 2017-03-27 09:49 | Report Abuse

oklo. wait then

Posted by smallplayernia > 2017-03-27 16:48 | Report Abuse

hang in there guys! Big player try to scare us with that sell down around 4pm. Dont be fooled! Big up coming!

upshare

3,239 posts

Posted by upshare > 2017-03-27 17:03 | Report Abuse

Mana ada shark... cuma ikan bilis sahaja

云高

134 posts

Posted by 云高 > 2017-03-27 19:29 | Report Abuse

握紧紧 。。。。守

Eric_B8B

73 posts

Posted by Eric_B8B > 2017-03-27 20:12 | Report Abuse

Tomolo 11 cents , don't get shocked ya

云高

134 posts

Posted by 云高 > 2017-03-27 20:31 | Report Abuse

Hahaha

pillai65

70 posts

Posted by pillai65 > 2017-03-27 20:31 | Report Abuse

Bearish macd crossover on the horizon.

hkhk

2,066 posts

Posted by hkhk > 2017-03-27 21:22 | Report Abuse

hari hari 11 cents. bau pun tak ada le

sarawakian

292 posts

Posted by sarawakian > 2017-03-28 00:43 | Report Abuse

kita kena sabar sikit...kalau share price hari hari naik pun...ms. uma akan datang...itu tak baik...bioosmo's MA uptrending no issue...cuma dia enter consol phase....

hkhk

2,066 posts

Posted by hkhk > 2017-03-28 09:16 | Report Abuse

80 n 75 coming soon

云高

134 posts

Posted by 云高 > 2017-03-28 10:39 | Report Abuse

Ya....

Eric_B8B

73 posts

Posted by Eric_B8B > 2017-03-28 20:10 | Report Abuse

tomorrow 10 cents

hkhk

2,066 posts

Posted by hkhk > 2017-03-28 20:15 | Report Abuse

eric, now 10cents d ka. haha

云高

134 posts

Posted by 云高 > 2017-03-28 21:36 | Report Abuse

0.10 want to sell Liao bazir masa go buy hibicus below 0.40

Eric_B8B

73 posts

Posted by Eric_B8B > 2017-03-29 09:37 | Report Abuse

10 cents coming, don't say I not jio u . Wakakakaka

Posted by smallplayernia > 2017-03-29 14:13 | Report Abuse

Many sell down to 8 cents.... operator must be happy to collect more

hkhk

2,066 posts

Posted by hkhk > 2017-03-29 15:50 | Report Abuse

naik tak ada turun ada lo

云高

134 posts

Posted by 云高 > 2017-03-29 17:37 | Report Abuse

Mati liao

yaozu88

3 posts

Posted by yaozu88 > 2017-03-29 18:43 | Report Abuse

75 or 70 coming soon...

Posted by maunkulopdollah > 2017-03-29 18:44 | Report Abuse

Ini biz jual air x payah modal..mana boleh naik..haha

hkhk

2,066 posts

Posted by hkhk > 2017-03-29 19:52 | Report Abuse

propose PP

云高

134 posts

Posted by 云高 > 2017-03-30 10:43 | Report Abuse

亏钱都要卖了

LOHAS

65 posts

Posted by LOHAS > 2017-03-30 11:32 | Report Abuse

impossible people sapu a lot at 0.085, then end of story??

hkhk

2,066 posts

Posted by hkhk > 2017-03-30 12:53 | Report Abuse

kena ask wecan stock lo. he is the one yg shout limit up.

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