Desmond Liew,Are u holding any stock?It's coming.Has been on sleeping mode for more than 2 mths.I am targeting 0.66-0.70.Just put this under your watch list.
Published: Monday April 28, 2014 MYT 6:16:00 PM Updated: Monday April 28, 2014 MYT 6:18:33 PM Bursa Securities queries Industronics after plunge
KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried Industronics Bhd after its share price hit limit-down when it fell the maximum 30 sen for penny stocks, on Monday.
At the close of trading, Industronics - whose core business is public information display systems and solution -- was down 30 sen to 38.5 sen with 2.64 million shares done.
According to an intra-day chart, the share price plunged about 3pm. At 38.5 sen, it was the lowest since Jan 14, 2014.
The FBM KLCI fell 5.24 points or 0.28% in a late sell-off, which also impact lower liners and penny stocks. Turnover was 2.168 billion shares valued at RM1.74bil. Declining stocks beat advancers 647 to 235 gainers while 259 counters were unchanged.
Bursa Securities directed Industronics to explain the reasons for the sell-down in the share price so that investors could make informed investment decisions.
Total Shares Issued : 102.762m but at the close, there are another 6,542,700 shares queuing to sell at Limit Down price of RM 0.385.
Based on the past one month's trading volume, my guess is there are another 18 to 20m shares to be force-sold tomorrow. Shall we see 20-23 sen tomorrow?
among 4 counters dropped vis, mnc, itronic and solution, i notice the volume for itronic and vis are quite low compare to mnc and solution, would it mean most shr holder still confident. honestly i would rather buy itronic than csl, at least lower risks.
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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....
Desmond Liew
889 posts
Posted by Desmond Liew > 2013-02-21 10:03 | Report Abuse
ting ting tong tong