@choop818 , most likely, judging from the way that it being buy definitely is not retailer, definitely some shark pushing up. My reason for keeping,1) it has been consistently up 2-5 steps without over increasing(but the mother did not follow the warrant steps thou), still consider healthy way of going up 2) eventhough it has rose more then 100% but seems like retailer still not interested in this stock yet, usually shark will push up to the stage that majority retailer come in then they go out.
However, I'll lock some profit before the quarter result come out because historically speaking this stock has a trend of going sideway or downtrend after the results come out. My personal view...
@Jordan Lim, the price consolidated in the 0.80 to 0.85 range from April to August. It is possible that selling from retailers may have dried up during this period. Since then, bankers have been agressively pushing up the price. The fact that the price has risen so quickly in such a short time, is possiblly a sign of a pending positive news announcement or good QR result, or both. I believe that it is in the bankers' interest to keep on supporting the price until the news announcement or QR result. The strategy here may be to `sell on news'.
@choop818, correct, thats why I think it is still worthy to hold till quarter results announce, For me no harm in locking some profit first then see how it goes after the q announce, if it goes up then good but if go down no harm for me also cos i already lock some profit.
Worst case scenerio will be if it goes to 0.10 or thereabouts. Please closely watch the mother. They will use the mother to punish the son, as is happening now.
Up 4 sen in last two days after continous drop past few weeks. Is the selling out of ESOS shares has come to the end and now the time to collect and to push the price up..
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3202 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main 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....
eftee
1,210 posts
Posted by eftee > 2015-12-02 14:50 | Report Abuse
Why no trade?