actually when that day contract letter intent announced, i not aware, i only know like 4.45pm but too late d. Then next day jump above 0.6, i duwan in d, so kind of give up.
so guys have to be very careful with your hard-earned money . it is not easy to make profit. in the year 1993 which experienced the super bull market everyone won a lot at first but finally all these people vanished into thin air and never come back, incurring loses of millions and millions. just to share with you all.
ya, for those staying mid/long term investor, it's wise to put eggs in different baskets.
Only for speculator short/term trader, try to stay 100% cash to avoid scenarios like this.
Seriously it's my first time seeing falling knife like this, because I only joined i3 and stock market a month ago. And already lost 1xxx out of 4xxxx total portfolio.
also, shame to our trading system, we don't have hard stop system, or trailing loss system. Or, to protect those mid/long term investors, perhaps calls may be made to remisier to auto sell shares dropping below x%, something like that.
For short term trader, monitor lo, i3 is a place to lookup for each other.
Don't play too big. Don't do leverage unless you have consistent track record of winning.
NEWS | Apr 16, 22:41 GMT Further losses in the US Dollar index seem likely in coming days - BBH By Ivan Delgado The analysis team at BBH provides a comprehensive review on the latest developments in the FX market, noting that the US Dollar snapped a two-week advance and shed about 0.65% last week, adding that further losses in DXY seem likely in the coming days.
Key Quotes
Further losses in the US Dollar index seem likely in the coming days, as the technical condition deteriorated. Initial support is seen in the 99.80-100.00 area, and a break, which seems probable, given the position of the technical indicators, would target the 99.00 area, where the recent leg up began and housed the 200-day moving average. The five-day moving average is looks poised to fall back below the 20-day moving average next week. A move above the downtrend line connecting the January and March highs, and approached last week would lift the tone. It is found near 101.40 at the start of the new week, falling about two ticks a day.
The euro was among the poorest performers among the major currencies last week, gaining 0.25%. However, there was little enthusiasm to sell the euro below $1.06, where the trend line drawn off the January and March lows comes it. It is not traded above $1.07 yet in April. The Slow Stochastics have turned higher, and the MACDs also look poised to turn in the coming days. The $1.0680-$1.0700 offer initial resistance, and to be sure, cautiousness may prevail ahead of the French presidential election. Above there, potential extends toward $1.0740, and possibly $1.0780. The latter may be a bit of a stretch, but reachable if the deadlocked French polls shift back to Macron or if US yields fall further after the soft US CPI and headline retail sales before the weekend.
The Japanese yen was the strongest currency in the world last week, gaining nearly 2.3% against the dollar. It was yen's biggest weekly gain since last July. We argue it is an exaggeration to think of this as a safe haven characteristic of the yen. Even though foreign investors were not buyers of roughly JPY1 trillion of stocks and bonds in the week ending April 7, it was less than the previous week. And Japanese investors sold more than twice as many foreign bonds (short-covering). In the 14 weeks so far this year (through April 7), Japanese investors bought foreign bonds in five weeks.
We suggest that the real safe haven was US Treasuries, where despite the holiday-shortened week, the 10-year yield tumbled 14 bp, driving yields almost 2.21%. It is the lowest yield in nearly five months. The drop in US yields, we suspect, spurred buying back of previously sold yen and discourages fresh portfolio flows out of Japan. Given Japan's growing current account surplus, anything that detracts from capital outflows spurs yen appreciation.
The dollar finished below the 200-day moving average (~JPY108.80) against the yen for the first time since the US election, which also corresponds to the lower Bollinger Band. The 61.8% retracement of the dollar's rally since the election is found close to JPY107.85. Previous support at JPY110 now serves as resistance.
The British pound was the second strongest currency among the majors. It rose about 1.25% against the greenback, and the five-day moving average moved above the 20-day. The technical indicators are not generating very clear signals, but we see initial potential toward $1.2600-$1.2620. Above there lies the year's high set in early February a little above $1.2700. We suspect sterling may begin the week on firm footing, but anticipate a softer close, The BRC data warns of weakness in retail sales, which will be reported at the end of the week. It is likely to be the fourth decline in the past five months.
The US dollar was stymied by CAD1.3340 in the last three sessions. It corresponds to the 50% retracement of the decline from the April 4 high near CAD1.3455. In the last seven sessions, the US dollar has gained in only one. The 61.8% retracement is near CAD1.3365. The greenback held the 200-day moving average (~CAD1.3225) at the lows. The US two-year premium over Canada has narrowed by almost ten basis points since March 28, but it is holding a trend line drawn from last October and this past February's lows. Our correlation work also shows that the Canadian dollar has become more sensitive to the price of oil.
see my post on 14-Apr ================= already priced in if you notice the price was actually up from how many cents? insider knew and alreay start buying. that's why we always have "sell on news". those not "sell on news" counter means their news is not even disclose widely to all management team. Don't know i'm right or not. 14/04/2017 08:37
Dato Eddie Chai Woon Chet try to ousted Dato Chan out. Another thing is the contracts is Letter of Intents and subjects to finalisation and price agreed on and no legal binding. Another spoiler are ESOS at 0.205s and warrants conversion at 0.25s........................so everyone selling down.
MAde a mistake by overlooking these criteria since RHB Research Institute initiated a buy call on 14/4/17 morning placing a TP of 0.72/085 and cut loss 0.48s when the stocks was closed 0.60s beforehand.
Anyway, since it was own mistake for overlooking all these and need to bear the losses.
Life moves on. Mistake learned.
Dato Eddie Chai are on board of XOX Lifestyle/Permaju Ind/Astral Supreme/M3 Tech/Vizione................Go figure out next.
"vic_amat87 Secure contract also drop?? Huhuaahaha" ermm..... usually bankers will choose the best time to sell off their shares especially such like good news coming out soon. We are all just ikan bilis. We buy shares base on research and news. That's why big fish is always super tricky. Besides that, there also got small fish such like person with holding this counter more than xx percents. Big fish eat small fish, then small fish eat ikan bilis. We are all that ikan bilis get ate by both big and small fishes. The only way to earn money in share market is ikan bilis eat other ikan bilis. Just don't follow the research and news, all of them are just misleading us. Run before good news release.
Further to the Company’s announcement dated 13 April 2017, the Board of Directors of Anzo Holdings Berhad wishes to further announce that:-
MCC was incorporated on 7 May 1992 and having its principal activities in construction and property development. As of todate, the Company has undertaken many major construction projects e.g. construction of W-Hotel & Service Residences amounted to RM514 million, Sunway Velocity at Cheras, KL amounted to RM225 million, 3.5 million ton Alliance Steel Plant at Kuantan, Malaysia- China Industrial Park amounted to RM1.2 billion etc. The Directors are Mr Yang Ruobing, Mr Zhang Yu, Ms Ma Ying , Mr Yi Xiao Feng, Mr Tsen Fui Teng @ Danny, Mr Han Xu and Mr Gong Caijun. MCC is wholly-owned by MCC Overseas Ltd (Company No. 110000009934879), a company incorporated in China. The existing share capital of the Company is RM8,000,000.00 divided into 8,000,000 shares.
Subject to finalization of contract pricing and agreement of terms and conditions, HCCSB-MCC will be the appointed as main contractor to jointly undertake the construction of the project. The scope of work include, Foundation of piling works; Basement and upper floor carparks inclusive of Mechanical & Electrical (“M&E”) services; Main buildings inclusive of Mechanical & Electrical works, Furniture, Fixtures & Equipment, façade & cladding and ancillary works; and Infrastructure work inclusive of earthworks, landscaping, facilities, flyover & ramps.
that announcement is a brief description of the company that they will work with for their 1.2 bill upcoming project. I think probably to prove that they can carry out the project.
from previous announcement "The above contract work amounting to a maximum of RM1,214.7 million subject to the finalisation of contract documents, term, conditions and final contract pricing. As part of the conditions, Anzo will work with MCC Oversea (M) Sdn. Bhd. to jointly undertake the project."
OMG ... I went in at 0.545 and sharp drop in price at 0.44 !!! Losing more than 1K in just few hours. Does anyone know why such a sharp drop in stock price? I thought they have secured 1.2 billion work of upcoming project? Is it a fake news?
Kong Chiah Chong I don't know but I wish all the best to the shareholders. I've experienced such drama a long time ago and I don't wish to experience it again. I think this MCC resume is quite impressive:
i think some of their gangs forgot to sell at high, now already drop, so they want the price to go up for a while so that all gang can sell. after that only ikan bilis stuck on the tree top
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Posted by Johnborne > 2017-04-17 12:25 | Report Abuse
Lose money is ok. The problems is must be输得起。know how to cut lost