^ that's not exactly true. Trading volume of warrants not high, but the outstanding warrants volume is large. They will have gain more by pressing down the share price below strike price.
But what RJ87 mentioned is true. I have seen this phenomenon across many different stocks, where the research reports are tied to warrants expiration
The banks or institutions issued so much of warrants. If every warrants also they tried to pressed down, I don’t think they will survive. So what is your thought? Continue the ride to RM2? Lol
Agree with James, but if retail investors continue to buy strongly they definitely can't press it down. Definitely gonna continue the ride to RM2 :)
But I don't deny the fact that issuing Banks do press down prices. They usually do it close to expiration date. The RSS for Bermaz is also quite high, close to 4 million shares
While the volume is big, they know their effort is gonna be futile. They just sit and wait.
They will wait when volume die down and do a sudden short. When price drop enough to make ppl believe party is over. The selldown will continue.
But if supporter just queue at 1.45 as support in large quantity. It will cost these manipulator to think twice to short if the exposure is big enough.
Agree with RJ87. They have been doing that almost daily in the past 2 weeks, placing a huge volume to create a large drop in the share price at 4.50PM.
I am just going to accumulate as much as I can for now :)
Bermaz Auto Bhd's net profit in its third quarter ended Jan 31, 2021 (3QFY21) rose 21.85% to RM33.08 million from RM27.15 million a year ago on higher local sales of vehicles, the company said today.
Bermaz Auto Berhad (BAUTO MK): MKE reiterates our positive outlook on BAuto post meeting. It has a strong chance to take on and develop a 3rd non-competing franchise without compromising much of its existing ops - Mazda & Peugeot. The potential effect from this is huge. The ROIC could match its Mazda ops, if executed well. Profits could double and valuations halved. Crystallising this prospect is a major catalyst, which the market has yet to fully appreciate. Our MYR2.10 TP is pegged to 16x FY22 PER (mean valuation). BUY
CIMB bank block for C13 expiring on 31/3 at RM1.40. If it blow pass RM1.5 to RM1.6. should hv show starting april until mid may before another round of pressure to stop C12 and C16.
problem is...RSS can throw few million shares at a time....
u got the pocket to eat few million shares? U see those market manipulator...they don't play against banks...They know they can't win. Rules made it in such a way.
They steer away from counters with Institution involved. In any game, we need to know the rules of the game and the players.
Institution play by different rules, manipulators play by different rules, and we retailer play by the most unfavorable rules.
It is okay give me more chance to collect more. Bermaz is having a huge recruitment drive on the 31st March for new workers, which must be for the kia operations.
Paul tan also spotted new peugeot malaysia cars, so signs that they are gonna get launched soon :)
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....
James
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Posted by James > 2021-03-11 20:20 | Report Abuse
Wah, more good news. Seems like Bauto really going to ramp up the capability and be number one non national car by volume in Malaysia soon