All depends on how many shares the syndicate ( major shareholders n its accomplices) had collected.
Their holding is always a mystery that they wont disclose to ublic ya.
So that cime to tge question on the syndicate 's motives to push d share up.
Will others buy after price had been pushed up is always the question lingering on their mind before start goreng ya.
Indeed this share has been purosely pressed down for years by syndicate .. if not bcos of current speculator reigning market they also wont try tgeir luck.
Lets see hiw d syndicate move the pieces on chessboard tmr.
The recent price spike because a sifu throw his anger to his wife and acquire this share with all his margin about 3 million purposely to make his wife anger and annoyed her due to reason she control his finance. He published live fb event at around 4.35 pm acquire the share live in fb and wanted to make loss and let other make money to make his wife angry. Anyway, he has deleted the video and now publishing info about good reason to buy this share and encourage his followers to buy it.
From my analysis, he managed to capture huge amount share at the price level 53 cent to 55 cent while other price is recorded small amount share. If there is huge queue at level 60 to 63 cent, he easily to make 10% profit of the amount he invested if he disposed it and those greedy probably will stuck there if the price going down.
Anyway, you all should read and understand this company business and their financial instead of follow people advice. This company producing building and construction material. For the time being, if no new project meaning no demand for the building material and relatively the price will come down, revenue and profit will lost too. Because of this Covid 19, many new project launching has postponed also some new project might not in good sales. Usually, developer will order or lock down the material price before the project sales and construction begin to avoid making loss if the building material price increase. Read their quarterly report then you will know.
So invest wisely. you might get stuck high price if he dispose the share all at once, it will can go down till 40 cent or below. If anybody in profit maybe can collect some profit first. Construction related counter may come back probably after covid 19 pandemic. If you look for long term investment, maybe can acquire and hold for few years if the share price is low and for short term, better think twice. There are many other counters can be invest better than a speculation counter.
Anyway, I am here just provide legit information and any analysis and decision is your own. I do not ask or advice you to trade. Invest your own money at your own risk.To sifu, i do not have intention to against or attack you or make you to look bad or loss or wanted to be red people, I am here to provide legit information only and decision making is their own. Hope you don't mislead your followers too..
Wikipedia The recent price spike because a sifu throw his anger to his wife and acquire this share with all his margin about 3 million purposely to make his wife anger and annoyed her due to reason she control his finance. He published live fb event at around 4.35 pm acquire the share live in fb and wanted to make loss and let other make money to make his wife angry. Anyway, he has deleted the video and now publishing info about good reason to buy this share and encourage his followers to buy it. ..............????
The sifu has disposed all the share price when it was at high price and make profit of RM90k. He also admitted that he have cheated to all his followers to purchase this share so that he can gain profit instead of loss. Also other directors follows the steps to dispose all his share and warrant too via open market. I feel that there are syndicate involved in between them. So, for those greedy, I feel pity on you and you might stuck for years before it will come higher again. For smart one, congratulations you might earn some nasi lemak meal from this share.
@nklye information i provide is only the truth and I remind to those newbie to take precaution not to invest in their hard earning money that can cause them loss. If you bought this share earlier, then i feel pity for you as do not believe the information i provided earlier before the share dump. I have provide warning earlier before the syndicate take action.If you think you information is nonsense then go ahead make your own decision and please do not influence people by providing fake news. Tq very much.
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....
123456
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Posted by 123456 > 2020-07-14 13:28 | Report Abuse
Buaya lari