U see i say as below.im right.but after buying 13-16 cents possible few days up.now 14.5 cents.after tht will range bound.tq.
May 4, 2022 10:26 AM | Report Abuse
There possible from experience wise; I)Will below 30 cents once serba open for trading due to knee jerk reaction.If its sharp enough,one days downturn will be enough. II)Will buy at early 20 cents rather then if situation permit.expect many will throw the stocks the first 2 hours monday 9 of Mei.
all who waiting at 0.05 believe at these mulut longkang guys everyday every hour barking at SD counter all like mad cow...wat goes down must come back up....macam lu makan viagra...hahahahahaha price at support area...
It is noticed that the demand in support is about 75 m shares which need about RM 10 to support on the average price of 0.135. It is believed the Company is supporting this range through treasury purchase. on this basis, it wont be LD but will go up after selling pressure is off .
As said, the share will not appreciate beyond 0.30 for the obvious reason. As noticed ,the Company is consolidating the shares at the region of 0.135 -0.140 on average.
It is very likely that they are supporting the treasury purchase using the compound of RM 16 M. With 16m, they can support 123 m shares on the average of RM 0.130. Hence , the resilient support should be in the range of 0.130 - 0.140 . LD is unlikely to happen today
You think FundManager/Instituional Player buy or sell based on their believe?
Serbdk will buy share to support share price ? It is not one day affair and how much money you need to support those volume? The bosses himself sold it at better price lor!
Assuming SD has RM 200 Million as standby , it can support 1.5 billion shares through treasury purchase on the average price of RM 0.130. On that basis, LD is believed to be unlikely for at least today...
One wonder why buy this counter, for investment?? More to pump n dump now. Already loss of trust n confidence in the owners especially the name karim will frighten away investors whatever counter he may be involved
Today 9th May USD sukuk bonds maturity date for outstanding approx. USD222Million? If SD cannot pay by today, then probably cross-default risk on another USD sukuk bonds o/s USD180 Million due March2025… scary man!
SBK financial reports suddenly turned into red after getting caught of accounting fraud. From billion of revenues to just million. Only shares trading was halted but their business should run as usual right?? unless there is no real business run in the first place and all the money they got is from selling their shares instead hmphh
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
9,851 posts
Posted by nicholas99 > 2022-05-09 10:40 | Report Abuse
shark already sell during the height of the price.. now they buy back 0.14 is sap sap sui.