Today limit down price is 1.52, those want to buy below 1.50, have to wait until thursday.
At 8.30, the highest buy queue is about 1.70, and 200K queue buy at 1.52 limit down price. If hit, then that's it for today.
beside the main stakeholders, after the merged announcement last month, the shot up was mainly due to retail investors, not institution. institution prefer to wait and see first because the deal is quite complicated, they prefer to have a much clearly picture first then only can proper value it. So, it is the retail investors that get burnt the worst after cancellation of bandar malaysia.
those retail investors that brought at below 1.50, still has chance today, maybe still have some meat to eat, or at least break even today. Those at 2.50 above, will have a hard hit. Amazing that yesterday, at 2.16 still get done 4 millions+ shares, but still 50millions share in queue for sell not done yet.
Created by Hiu Chee Keong | Jul 12, 2017
Created by Hiu Chee Keong | May 10, 2017
Created by Hiu Chee Keong | Jan 10, 2017
they want to protect the deal at $ 1.50. But how much money they want to throw at supporting it?
2017-05-09 09:19
why is Hiu so kepo with all these pointless updates on IWC? Are you heavily invested in IWC or you just want to rub salt in to other people's losses? No i dont own shares in IWC.
2017-05-09 11:48
Why still need to create chaos to increase the sadness of the shareholders? p/s: I'm not own any IWC share and I'm really pity with their lesson learned from buying this poor fundamental stock.
2017-05-09 11:59
Cend01, nicky11, bcos this is a rare case, so it worth to be coverred, and also everyone's eyes is on iwcity, not only local but international as well. Nothing against anyone, as investors, you should know what you are buying and selling. Wiling buyer and willing seller, no such thing as puting salt, just investors behavior and price move conversation, no need to take it personal.
2017-05-09 13:10
Icon888, yes is not margin call, more accurate should be t3+1 call. at t3+1, the buyer need to pay or sell it and take the lose or profit. Just common practice.
2017-05-09 13:13
...and i dont have iwcity at the moment, will consider iwcity if it hit below 1.20, if not, no big deal, there are dozens other stocks.
2017-05-09 13:16
they want to protect the deal at $ 1.50. But how much money they want to throw at supporting it?
the answer...as much as it takes until sentiments change.
sentiments can change as long as they keep buying
2017-05-09 13:19
Stockmanmy, at the moment, seems like buyer and seller quite balance at about 1.60-1.65 level. If can escape 1.52 limit down today, then tomorrow break, thurs investor might cool down already and back to fundamental. perhaps they can hold above 1.52 until end of this week. Then Lim will have some time to negotiate something and plan next move.
2017-05-09 13:31
Hiu
money game
and big money always wins because they Dare.
I bet the buyers will win.
2017-05-09 13:33
The deal is coming back. Arul Kanda is out now. The fallout deal and abortment is Arul Kanda's mistake, not MOF mistake. Since IWC boss is so adamant together with the CRÈC, which is not the case as expected by MOF, the deal fallout is blame on Arul Kanda.Arul will be out and the will be in.
2017-05-09 19:49
I thought report on malaysiakini mentioned Arul is against the deal called off but najib side want the deal call off. So now Arul is out , najib can hv new developer.
2017-05-09 19:54
They cannot face the Chinese authotlrities with the deal cancelled off. Moreover IWC-CREC is very adamant on the details of the contract. It looks more favourable for IWC.
2017-05-09 20:06
They got a point there to argue legally. I think it is basically a show done to pick the share at a low price by some one or trying their luck to sell the land with higher price than IWC deal
2017-05-09 20:09
However, how a contract term can be just neglected. If Lim accepts, then the deal is really off. But must know how Lim is going to face the international business community with this failure.
2017-05-09 20:12
Ran777rpt, people won't blame Lim, they will blame hidden politic agenda.
2017-05-09 21:33
HuatRex, want proper english, go to british council website instead.
2017-05-09 21:34
what a sarcastic article. so much people loss on this stock, what have you gain for limit down for 2 consecutive days ?
2017-05-09 22:01
happiness
Hua Joshuaayoung > May 9, 2017 10:01 PM | Report Abuse
k, what have you gain for limit down for 2 consecutive days ?
2017-05-09 22:49
Hua Joshuaayoung, don't take it personally, it's just a case study, after all, how many times do we have limit down case ? Don't look at it from emotional angle, instead look at it from price moment angle. Willing buyers, willing sellers.
2017-05-09 22:49
Stockmanmy, exciting actually, a good drama that involved 1mdb, najid, and finance ministry. A good case study.
2017-05-09 22:55
Horrendous English. At least please write with a proper grammar and simple to understand English. Hard to grasp what you like to explain.
Do not gloat at other's downfall. It appears that way though.
2017-05-09 23:35
Winstar, You think this is british council grammar class ? BSKL doesn't care about how you feel toward others. Buyer want to buy low, seller want to sell high, win or lose, don't blame others.
2017-05-10 00:08
200 million shares done.
in traditional charting theory, they will call it a selling climax and bottom.
2017-05-10 01:25
Stockmanmy, yes, seems like selling pressure is eased temporary. And the end of tues, more buy queue than sell queue.
2017-05-10 09:43
careful sir. falling knife. if you want to go in, don't go in big. set a cut loss and be strict. if gain that's extra.
2017-05-10 09:52
falling knife, catch using robotic hand, still can be done without multiple Cuts. :-D They need to make hay during the sunshine. This case will make bolehland famous like wa len bu fet.
2017-05-10 10:37
Can China bring this case to international court of justice? Then the dramas begin.
2017-05-10 10:40
price will starts to rebound from tomorrow Thursday. I am in on Thursday. Wish me good luck.
2017-05-10 10:43
Pussycats, good luck. Yesterday 200 million shares done, 10 times more than 4 weeks average, that would give a good support at 1.60. My guess, the remaining two trading days, price will hover between 1.55-1.70.
2017-05-10 12:09
i kena burned at 1.68 -> 1.61.... my heart cannot tahan....supposed to cut loss at 1.65 but it drops faster than my finger
2017-05-10 14:26
Alex, 1.60 seems like a temporary support, the 200 millions volume yesterday at above 1.59 would give a basic support at 1.60. Just wonder, why you brought at 1.68 ? bcos you want to take the chance, fast in fast out ? or you think at 1.68 is a fair value ?
2017-05-10 15:03
musangfoxking
i think also margin call!!!!!!!!
2017-05-09 09:08