someone q 10000 units to buy at 0.115, 0.120, 0.125 & 0.130.. leaving us no choice to buy at 0.135 and above.. this is another way for operator to dump there shares bit by bit. when done selling, they will remove all q leaving it to free fall to at least 0.10 before rebound
Left hand right hand. Left hand say PN1 end in Sept, Right hand say delay to Nov.. Left hand say PN17 up to Dec, Right hand push price down and Left hand collect. If you check, Left hand and Right hand belongs to same man.
What happens now. Quarterly report out in Nov of which only Sept is after rights issue. Feb quarterly report, all 3 months after rights issue. So good news may start at end Nov continuing in Dec when PN17 issue may be resolved. Feb is expected to be good.
In the next 6 months price will float upwards up to 30 to 40sen. However always remember the Left hand and Right hand.
flyby and busyweekly, i wish to top up some, may two sifu advice, if now right time to top up more? anyone know about this quarter performance that going to be announced around end-Nov?
Trading you are right there. Not within company control-YES, Caught unawares-NO. Professional advice would be that this and that will happen within certain milestones. Company will be ok because the rights issue allow full settlement of financial baggage plus having healthy working capital. So long before, they already know that the company is ok as long as due process is followed. In the meantime company operations run smoothly.
So company is ok. Only issue is relationship with Bursa. Bursa has procedures and triggers. Did the management suddenly discover that they triggered PN17, of course not. With Left hand holding a bag of apparent bad news, and Right hand having the bag of good news, the man can decide when to release the news and from which bag. The game begins.
Over time investors will profit if they can keep cool and understand what is happening.
Parker, news is a Left hand Right hand game. Boss know the news long before hand. For instance the quarterly report for coming out in Nov. They know fair result at end Sept. They know they will announce end Nov. If good result, push down prices and collect. Sell when good news released. If result bad, sell and collect after result come out. Does it make sense to you. Not a prediction, but a logical sequence for personal gain. There is no such thing as BEST price to buy or sell. Look at fair price. Below par value may be a reasonable price for any company poised for growth.
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Posted by busyweekly > 2014-11-05 12:01 | Report Abuse
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