So I’m not sure how to feel about this. I knew something was fishy that it was taking them so long to reply. The last time I sent them an email, the response came back in less than an hour. These celaka fellas have time to write this long post but no time to write even a one-line reply to me. And looks like I wasn’t the only one who wrote in to them. Even a “hold” or “buy” would have been enough honestly. Turns out they were aggressively buying and didn’t want any competition. I guess people are always the same eh - forever putting their own self interest first.
But I cannot complain I guess. My fault also for not being more decisive when the opportunity was there. I also noticed someone keep buying all the shares in the queue just a few seconds after they appeared during the selldown but I didn’t take any action. I also always tell forum member not to rely on anyone else for advice but turns out I myself was doing the same and hoping for them to point me in the right direction. Not going to make this mistake ever again :(
Also, I have a funny feeling these guys are foreigners. Too professional and who the hell writes long posts like this with perfect English at 4 am???
@Warn3r I guess we now also know exactly how many shares were sold by those big fish during the selldown. This also means normal retailers sold off almost 2.6 million shares on that day. Crazy!!! I wonder how many iqapex picked up from the total. They also very smart not to reveal the exact amount hmm.
Good morning Selective contrarian. Please understand that they are not obliged to explain or answer any of our questions. Much like how you are not obliged to help us put that joker back into his place whenever he spread false information. Don’t take it the wrong way, I think what you and Alan did was noble and I am very grateful that there are still some selfless people out there. This is already a gift for me and honestly it makes my day better knowing just this fact.
Yes you were indeed rather accurate in your estimate in the no. of shares that poor guy disposed. I hope he didn’t have family emergency that he had to do liquidate in such a manner.
It’s extremely hard buying at lowest price and selling at highest price. And when you’re finally able to do that, the pressure and expectation you put on yourself will simply make you a less happy person. Try focusing on the positive things, we identified and are buying into a well run company. You obviously got in at a much lower price level. Having not bought with the information that you had at that point in time, in my personal humble opinion, was the right move. It’s all about discipline and not jumping the gun when you’re not quite sure what’s happening.
The risk has lapsed now with the newly provided information (courtesy of Alan), but it was real on the day at that time of flash crash.
Give yourself some credit, you’re doing awesome. Thank you again. And allow me to thank Alan again, both of you owe us nothing. It was conscious decisions of extending kindness to others by sharing useful and accurate information. Otherwise I (and perhaps others) would be very confused and upset.
Just to add on, they seem very careful in what they do. It might be against their style to just irresponsibly tell you to buy or hold, they might also be under immense pressure in checking and verifying the information they need and to immediately decide to double their position.
And if you want, the sales is still there below RM 1.50. Good luck. =]
Whatever iqapex say doesn't do anything for me. End of the day all i do is read chart, read reports, read forum for sentiments, make decision. What selective has say is correct, they took their chance first before letting you retailers know whats happening. Selfish? Hardly. Its self preservation. But only if you believe what iqapex is true. Remember who are the chicken and who are the crocodiles in the market.
Is it because the boss plan to privatize issue ? Because this is the only reason so far i can foresee. Somebody said boss unwilling to privatize but that is no black n white guarantee.
i told u will dive to 1.2 in tis few days. my friend work in ideal told me tat there will be another round of corporate exercise before next QR release.
Privatise means the boss should pay a premium, no? Should be s higher price, not lower! And corporate exercise could mean many things - incorporation of subsidiary is also a corporate exercise. Show us your proof that it will be a rights issue @spygame007
Now it’s down to the price level before the previous QR is released. Unless the company is burnt down, wait, developer can still build condo’s without a proper office. So does the price reflect the value?
It’s obvious he doesn’t care to slowly let go to fetch better price. And if he didn’t care about fetching a better price, why did he have to spread it over a few days to flash crash? Just do it one shot to kill the counter will do.
Whatever the reason is. I have traded this counter with the chart as my guide and when i see an inverted "w" I run. I'm fortunate to still take some profit from it, but I do hope for the sake of you guys, it will have a technical rebound next week.
If indeed a substantial shareholder is dumping because he possesses company info yet to make public, then this is insider trading, punishable by law. My guess is this has nothing to do with company itself
If the corporate excercise become fact before next quater. someone gonna beat up real bad . it already against code of ethic of bursa and manipulating share price. Every transactions are recorded. Can be sue like supermx for example .
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Posted by nbs3356 > 2018-09-28 07:45 | Report Abuse
thanks also