It drops because yesterday it shot up to RM 0.395 in heavy trading. Those contra players have to be flushed out first before it moves up. If you have money buy more to average. It has good prospects.
As for KLCI stocks that are trading less than RM1 per share, the upper limit price is set at +30 sen, while lower limit price is capped at -15 sen. Meanwhile, upper dynamic price limit is set at +8 sen, lower dynamic limit is capped -5 sen.
give news Ed bought 33sen @ 1m shares (actually the shares provided by someone). Investors and punters jump in 33sen @ 3m shares. Ed sold at 33sen and above while making barrier support level at 32.5 sen and below (there will be no short-selling as the shares were provided for this purpose). Later Ed remove wall and sold everything above 30sen. Now Ed waiting collect back at 20sen.
"XOX said the agreement with Alipay Labs would not have any effects on the share capital and shareholding structure of the company.
It is also not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending September 30, 2020."
So the soonest impact we can see for this collaboration would be next quarter.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 887 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
nicholas99
9,863 posts
Posted by nicholas99 > 2020-08-28 12:00 | Report Abuse
RED. mayday. RED.. mayday mayday