I tell u now what u oredy know. Org lama sure know one.
All these are operator game.
1st day ipo operator from insider who got shares at ipo price conned people by doing churning trades left pocket trading with right pocket to offload their shares at 0.68/0.70. Thereafter price slide down everyday until 0.46. In trading world 0.70 to 0.56 drop is a disaster. To 0.46 is a major disaster. All kena tipu.
Then nasdaq in US ada reverse course. Then so called tech stocks started to gain peoples interest. This one started to move up with low volume.
Then an operator, different than 1st day listing operator, moved in to play goreng. Goreng is they control the game bidding higher n higher n support n absorb selling. It works when more n more people jump into the game. You jump in, i jump in mode.
Up to certain level at their choosing or after they having difficulty to play it higher, they will control the trades to distribute or unload. This is where they are very good at. To con people thinking that it will climb higher. Looks like they r buying, when actually they are nett selling.
Once they r done, as price falls, they are no longer supporting it. Until such level, at their choosing, if they decide to play it one more time.
As this speculative hot stock will remain hot for a while, meaning people like to jump in n out at different levels for quite a while, they will play this pump n dump game more than once.
Until such time, when they try to play it, people no longer want to play, then that would be the last time they play. Price will then go down sharply b4 drifting lower n lower back to square 1.
The naives one who are late to escape or who look to fundamentals or to hold it long term will get burnt kaw2 or suffer massive paper loss forever.
Because the chances for this once hot stock to become hot again is very slim.
calvintaneng need to change your market trading style d.. Understand a big picture trend is more important than you look in a single company.. i admit your method picking company is good, but you lack of trend sense...
Cathy Wood's mind is full of digital dreams and pixels. Need to step back into reality and realise what is physical and what is digital. Every morning, she consumes a bowl of computer chips and an ice blended graphics card. Terrible what believing in something of no value can do to you.
She should sign up to work at one of my oil palm estates. I will pay her handsomely, so she can cover some of her physical losses that hath occurred due to her digital dreams.
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As of 30 June 2022, we have secured purchase orders totalling RM72.60 million, out of which RM61.16 million are expected to be fulfilled by the end of 2022 and RM11.44 million are expected to be fulfilled by the end of 2023.”
@calvimtaneng thanks for your highlight and concern. At this stage it might go up and breach rm1 or group of operator might push it down to take profit again. Buy on your own risk and prepare cutlost as part of your risk mgmt. Cheers!
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....
CharlesT
14,976 posts
Posted by CharlesT > 2022-08-18 20:50 | Report Abuse
If not call u ah? Lol