That day got someone say this counter will break from 0.14 to 0.18 then retrace back to 0.14 before back to 0.18 and break 0.26....y the post is gone ya?
Once the price recovered they won't need to force sell anymore. But to be sure we can only tell once Bursa announces it, if there are other reasons where they might to sell, like if they owe others money trying to stop the bleed earlier.
From the technical point of view : my analysis done on Retailer vs Banker chip among these 5 LD counters i.e. JSB, Sridge, SCIB, Atroniq and Widad which found the first 3 counters (JSB, Sridge, SCIB) showed Retailers liquidated some of their holdings. Even though, the Retailers are marginally disposing their position in Sridge but "the big boy" is still in controlled. The later (Atroniq and Widad) showed some big players are accumulating and holding the stock firmly with no sign of exit. Moreover, no Bankers are spotted for these 5 counters.
Although, Tan Sri and his team caught burnt in the recent small cap melt down, we should never underestimate his ability to recoup in short term.
(Disclaimer : for case study purpose, do not deem as a buy/sell call)
Have a good rest and enjoy your holiday. Bye and see you tomorrow.
Not a lot. 24 Jan Brought 2.7M at 0.181 and sell 2.6M at 0.196. So he is basically trading at range of 0.180-0.195 and earning like 40k MYR. If you know his pattern he usually keep the shares at tight range and dont really allow big jumps. But of course he has a lot less bullet to act as market maker now. He used to do 20+M shares. Now 2+M.
bfg9000, after the LDs and forced selling of his shares, does he still have controlling interest? What do you think the scenario will be like next week?
After LDs and force selling of Widad, etc..still no declaration of any new substantial shareholders which could mean that the Big operators are buying and selling of shares to create digital money among themselves … which is what my friends and I did … got money to spend and still have almost the same number of shares in hand
PUMPING NINJA STOCKS & THE GREATER FOOL ARE THE SAME!!
We are all at a wonderful ball where champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, terrorists will burst in through the terrace doors, killing many and scattering the survivors. Those who leave early will be saved, but the ball is so splendid that no one wants to leave while there is still time. Everyone wants to enjoy one more dance and sip one more glass of champagne. So everyone kept asking: "What time is it? What time is it?" We look around and find that all the clocks have no hands.
This may be a surrealist's way of describing the stock market but Goodman's parable has a great deal of truth in it. Of course, we know that in every speculative boom of the past, the 'terrorists' did come when most of the guests were still enjoying themselves at the ball. As 'Adam Smith' implies, nobody knows when a speculative boom will end but end it must for that is the rule. At every speculative boom, not many of the small speculators escaped with their gains made on the way up. Most of the smaller speculators known to me eventually lost all their gains and much more than what has been gained.
Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life.
In concluding this section, an anecdote about Bernarde Baruch, generally acknowledged to be the greatest stock traders of the 1920s is related. He was once asked how it was that he remained so rich while many of his contemporaries had declared bankrupt. This was his splendid answer: 'I always sold too early.'
The World have to revolves around The Greater Fool Theory to make certain people richer or poorer by each karmatic action..that What makes the World go round..>
Of course he has controlling stake. No new substantial shareholders as the 10% or so that was sold by Opat, MD and Widad Business Group (which he also controls) is distributed among the syndicates that engineered the big LD. Well just wait for those who brought at 0.09-0.125 to lose patience and sell off before major moves (unless there's a general rally that the syndicate will use to push up price, considering Opat don't have that much free shares or credit line that he can use to hold it meaningfuly at any ceiling. He used to be able to throw like 20-30M RM worth of sell wall to ensure price dont move up. Now is more like 2-3M only)
Choo1818 - A case study to Pharmaniaga which plunged into PN17, the share price dropped significantly from RM0.47 to RM0.22 (loss RM0.25/53%) within a single day (28/2/23). The stock managed to recover some of loss within 7 trading days to RM0.355 on 9/3/23 and it later consolidated within 6 trading days before resuming an new trend tend to the north. I put this as an example because the counter was sprung up very fast after the sharply declined which was very similar with those LD counters. Widad - experienced a sharp recovery which is almost 121% (RM0.115) from the lowest RM0.095. Profit taking activity is expected to persist in another 2-3 trading days before a new trend could be seen (depend on the buying momentum). Technical speaking, MACD curve is flatting and RSI is moving up from the lower which is indicating the previous downtrend is over. The stock could be trading higher provided no any other bad news influenced.
(Disclaimer : For case study purpose, do not deem as a buy/sell call.
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Posted by Keko789 > 2024-01-24 13:01 | Report Abuse
secure my lambo profit.....keep some for target axia kompang...