moving forward nobody knows the support.. on 1st day IPO, the lowest was 0.255.. if tomorrow break the 0.255. can expect further price drop.. hence make up your mind to cut loss 1st.. otherwise dont know how LOW it can go..
Ya macha....kikikiki best woooo ini hari mega sales sudah start ....this Thursday start Giga sales...no more mega ... We're the king now macha !!! Wakakaka let the market rest 6ft under ...
until & unless our national scandals were resolved ie. IMDB & other GLCs bailouts, in short term the chances to rebound will be very slow.. coupled with the Greece issues, US slow markets & upcoming September 2015 crisis... I shudder to think further..
FYI bio just back to its starting point ... This a very bad sign ... Everyone throw at losses ... Operator laughing at side ... They only start buy back once Greece go default news come out ... May be at 20 cent
The 1st bad sign was it broke the 1st low of .32 where then 10 lots were done initially only.Looking at the 60 mins charts it had broken the trend line since ipo when it broke .35.AT .305 it would have given back .764 % gain yet you can see the operator seem to keep depressing price.When it breaks ,295 ,you can see support is weak even at this level.I was hoping that it could rally to the upper bollinger band since the earlier movement was so strong but unfortunately the rally never come.I am of the same opinion as traderman that it would likely break ,255 and test the ipo price since the situation is favourable for them to achieve the target as dow is also trading at a very precarious level.No need to be sad as only money is lost for at least our lives are spared not like the victims of Nepal earthquakes and the drowned cruise in China where so many lives were taken.As long as we are alive,there always have opportunities,hence it's very important to manage your risk so that you still have the capital to take advantage of the opportunity when it arises.
Jupiter,actually no one really knows where it will drop to as we are only guessing.Only the operator knows what level it hopes to achieve and they too are testing the market.Now the sentiment favours their intention to depress the price.Once a counter breaks it's new low,the normal target is 10%,15%,20%,25% and so on off it's previous low.
jupiter, hope you know what happen globally and locally ... don't keep look at individual stock only ... greece and 1mdb keep drag down klci ... if greece default which is high chance, 20 cent for sure ... not to scare you ...
See what I mean,this counter only wants to go down.Despite the low vol relative to earlier ones,operator could easily support the prices if wants to.Once it goes down,rebound is very mild even it has dropped quite significantly.Look at Hovid,the price is holding relatively well cause the operator supports the price and when people see that it does induce selling maybe further buying instead
annetan, as said, as long as global issue(greece) and local(1mdb) issues dont have any positive development, operators will stop the operations and support the price only ... and if greece really default and malaysia rating get downgraded, they will not support 26 cent anymore and let it drop to 22 cent ... and then only rebuy at bottom ... only operator know when is bottom as they has the most monies ...
btw, sad to tell that bio is a pump and dump scheme by the owner ... ipo price 0.2, open 0.33 on 1st day, lowest same day go to 0.255, highest 0.475 ... now drop back to 0.26-0.275 ... if it is not pum and dump it wont back to starting point ... just like wintoni ... from 7 cent ... now still above 30 cent.
yes of course can, the owner will sure goreng again for next round to pump and dump ... still the same, greece and 1mdb are the issue impacting klse. and tonight fed decision on interest.
Don't be too happy,Vinvin as .305 is the upside of the downtrend channel .Moreever .305 is also the .764 retracement gain of the earlier upside.Looks like market cannot hold at 1718 which I think maybe likely to hit 1686 before a more meaningful rebound will occur
vinvin, today too low profit to be consider as pump and dump ... last wave from 0.28 to 0.475 and then back to 0.26, this is pump and dump ... another recent pump and dump is asiabio ...
Confidence has come back, bad news alredi on the table, 1mdb, greece euro issue, us interest rate, ringgit dropping, o&g, foreign fund leaving(they din leave for good, but quietly buying back Liao when the price has come down to cheap n good level)what else is there to cause more damage, talks of ajib kor stepping down/gst gostan are only tokkok, will many will miss the this good timing for thinking the downward trend will continue
I think halal herbal products have got a very good reception in Malaysia n even more especially now during Ramadhan n the coming Hari Raya. Trade at own risk.
watch out for tmclife.The earlier announcement stating they need the money from the new warrant conversion to build the new hospital in JB and the extension in tropicanal hospital.New warrant whose exercise price is .75 will be listed this wk.They might push mother price above .75 and trading at a premium to the warrant conversion so to bait investors to convert like tekseng-wa.
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!
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....
jupiter
1,518 posts
Posted by jupiter > 2015-06-15 16:04 | Report Abuse
Waseh~ i just hold T.T