My client said the result for coming quarter is good.From the chart, it's possible to press back to .28 or at worst .27 perhaps on T4 or T8 for today's volume.They are trying to frustrate you as much as possible.Buy some then.
I sold then buy back.This counter's movement is very tricky.Ultimately I didn't buy back the same quantity I sold earlier.Total direct deals stands at abt 67 million shrs which is abt 14.4% of the share inclusive of today's 28 million which they cross at .25.I sold the one I bought yesterday at .315 cts. If you notice the volume generated is too large without much increase in price,you know they just want to do target price then come down. 32 cts is the upper channel of the downtrend line it established earlier.I should have shorted the one bought earlier on but I didn't.You ask yourself,why since listing so many shrs are crossed over?The partnership with angkasa plus the penetration in arab world should improve their profit margin though it could be slowly.So why now so many shrs are crossed?So far I have observed over so many counters in Bursa,it's a prelude to higher price although it may not be immediate.Before the crossing by William,his holdings is abt 26.4 % and Proton CEO 52 %.If you add up both ownership is 78.4 % ,only 21.6 % is not owned by them.Since listing,I have already said many times,they seem to want to depress the price.ndIt's already 6 mths after listing,who knows how much were accumulated back?Hence I believe if they want to push up,it can runs up very quickly as you can see on the 1st 2nd day of listing.When the real show begins,you will probably see prices can go up a lot without much volume.They could be flushing out the last time shr holders who are frustrated with this shr and sell out.Normally I notice they push down the price before it goes up.I suppose if you put all your money in this shr ,you might feel frustrated and that's their plan.I have experienced so many counters that's what the syndicate did.It's not easy to make big money lah!You have to sweat it out,lol!
It's difficult to understand corporate moves like this.E.g Just before microlnk announced recently the good results that made the share price flies to so high,they issued 10% private placement at .50 cts to someone.Don't the owners know the result would be good?Are they idiots? If not why did they issue 10% shr out at .50cts when it was trading at ard .64?Of course not many people notice then as the volume was thinly traded.I know too analytical cannot make money but sometimes you cannot follow the crowd.
Iko59,it is possible to retest .28 or even .27 cts on t+8 on today's volume.Today's volume could be mostly from right hand to left hand but we cannot be certain.See on T+8 as index is also at a precarious level.This counter's movement is most unpredictable hence it's best not to buy too many if you cannot stomach too much losses.
Bruce5113, I think ur up up up iris is good enough to counter both of them. flytothemoon is quite alright now n star7 is friendly to u. Therefore u alone can easily handle them. Keep it up up up bruce5113!!!
I guess they intentionally push it down as the direct deals for yesterday of 28 million was at .25 cts.I am affirmative that they will sure push this counter and soon!
In the bursa ann today,28 millions shrs were sold by PNB at .25 cts of which 20 million were crossed to William and the oher 8 million to some else but not disclosed.d
The cross deals are done for a reason.Just that we do know what they are.From my observations of many counters,I strongly believe they are going to push this counter.BIG move!
However don't buy lorry loads lah! In case it didn't happen and knowing they always seem to depress the price,you would curse me leh!Buy amount you can pick up and able to stomach the fluctuation in prices.
I don't see it that way.I see that William has to pass some shrs to certain people and they fixed it at .29 To compensate William for selling at .29 for such large quantities,PNB compensate him indirectly $8 million. So you think the certain people who bought at .29 cts are going to make 3-4 cts profit? Normally for such quantities,they target very much higher price and of course it doesn't happen overnight.Perhaps the reason now I begin to understand why they depress the price so that they can do a direct deal to these people at lower price in order to reward them handsomely!
another 10 million direct deal at .30 crossed today.Don't be overly confident as it could again stalled around .325-.33 .The price rise is just too little for that kind of volume! The movement of this counter is one of the most difficult one to gauge!
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Posted by Annetan > 2015-10-29 12:48 | Report Abuse
My client said the result for coming quarter is good.From the chart, it's possible to press back to .28 or at worst .27 perhaps on T4 or T8 for today's volume.They are trying to frustrate you as much as possible.Buy some then.