Bursa Malaysia: Observation of manipulative activities via Pump & Dump
https://www.facebook.com/MalaysiaStockMarketDiscussion/photos/a.164272787086035.1073741828.164225723757408/694683917378250/?type=3&theater
Created by Tan KW | Dec 26, 2024
hahaha, i share the same thought
Posted by stockmanmy > Mar 21, 2017 11:04 PM | Report Abuse
I think Bursa jealous of Bones.
2017-03-21 23:11
Yeah. Bursa is becoming like a new corrupt joint for bigboys to hang around n launder their money
2017-03-21 23:44
Fake news can determine US Presidential elections.
surely fake news can influence share prices
but is that illegal?
even if illegal, how are you going to enforce it?
charge bloggers ( Bone ) if found any fake news in blogs?
2017-03-21 23:57
the guys at Bursa/SC must be soooooo jealous we retailers are making BUTA MONEY, while they are forbidden to trade due to Bursa/SC staff rules.
LET'S CONTINUE PARTYING!!!!! BUTA MONEY COME COME COME!!!! LUV IT!
2017-03-22 07:48
no all make money one..the one pumping earlier made money..but most of the retailers burn money
2017-03-22 08:01
cmsa
Fraudulently inducing persons to deal in securities
178. (1) A person shall not–
175
(a) by making or publishing any statement, promise or forecast that he knows
to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any
statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or
other device, information that he knows to be false or misleading in a
material particular,
induce or attempt to induce another person to deal in securities.
(2) In a prosecution for an offence under paragraph (1)(d), in relation to the recording
or storing of information, it shall be a defence if the defendant establishes that when the
information was recorded or stored, he had no reasonable grounds for expecting that the
information would be available to any person.
Use of manipulative and deceptive devices
179. It shall be unlawful for any person, directly or indirectly in connection with the
subscription, purchase or sale of any securities–
(a) to use any device, scheme or artifi ce to defraud;
(b) to engage in any act, practice or course of business which operates or would
operate as a fraud or deceit upon any person; or
(c) to make any untrue statement of a material fact or to omit to state a material fact
necessary in order to make the statements, made in the light of the circumstances
under which they were made, not misleading
2017-03-22 08:03
182. A person who contravenes section 175, 176, 177, 178, 179 or 181 commits an offence
and shall be punished on conviction to imprisonment for a term not exceeding ten years and
to a fi ne of not less than one million ringgit
copied from cmsa pdf you can found on website...zZzzz
2017-03-22 08:04
Operator like old man will pakat with the company to fry up the stock. Operator will absorb the stock at low price before spread out the news such as got intend to what... got intend develop what new project... when price fry up, Company people and operator will start pump and support a little bit stock to pretend. Ai.... market got a lot of blow water thing. Newbies really need to becareful. This mostly easy happen on penny stock.
2017-03-22 08:28
gopro
178/179 refers to directors and insiders.....
this letter from Bursa have a much wider implication including outside bloggers.
Until I have the full letter, I have no idea what they are talking about...except being jealous and immature.
2017-03-22 08:42
Bursa should not talk cock
If its manipulation of shares, there is enough legislation to charge people guilty of share manipulation and false markets.
action speaks better than words.
Bursa should not use layman words like pump and dump.
2017-03-22 09:14
Small fishes should be grateful that they make money follow the armada mah. Why complaint so much? These critiques just asking for attention but following & buying behind the scenes. Really idiotic people. LOL
2017-03-22 09:32
surely people have reported bone and speakup. okay la guys, jail also got internet to trade :D
2017-03-22 09:40
chargeable for fake news?
starperformer > Mar 22, 2017 09:33 AM | Report Abuse
Go buy HEVEA the homegrown IKEA of Malaysia!
2017-03-22 09:43
Market speculations whether pump or dump is always exist in any stock markets and investors must know what he was buying into
2017-03-22 09:52
they've to be seen as doing their job, hence issuing that reminder letter to all participating organisations. that's typical la in this boleh land. the key word is to be seen as doing their job..
2017-03-22 09:55
Precisely, SC are bigger crooks, legalised crooks....Occasionally, put up some statements to justify their big fat pay packets born by the common man of Malaysia
2017-03-22 10:02
that's bursa compliance division talking. the market division is hoping the more speculators the merrier, big fat bonus for them next year
2017-03-22 10:35
Stockmanmy, HEVEA no pump & dump. Recommending based on pure fundamentals only mah. Solid company like HEVEA doesn't need such dodgy sales pitch. Today HEVEA is in bargain mah so it's best time to buy in! Ha ha!!
HEVEA is the homegrown IKEA of Malaysia!
It's the largest RTA furniture maker in ASIA and selling online too!
http://www.heveapac.com.my/
http://www.mykreakids.com/
2017-03-22 10:46
it is one man's opinion vs another man opinion whether Dataprep , Olympia and IWcity is fundamental or not.
starperformer > Mar 22, 2017 10:46 AM | Report Abuse
Stockmanmy, HEVEA no pump & dump
2017-03-22 11:07
Except those giving dividend company, it is understood that someone will win and someone will lose, ie. enter at your own risks. In share market risk is always there.
2017-03-22 11:46
When market slow and inactive, we say boring. When market active and volatile, we say manipulation. What we want??? No free lunch in this world. Trade at your own risk.
2017-03-22 11:55
In investment, use your own judgement. Don't simply follow other people's advice. It's your money and ultimately it's your own fault if get burnt.
2017-03-22 15:26
They should encourage pump and dumpers because they are the ones who will actually push up the market.
2017-03-22 18:00
Nobody ask the investor to buy.
Nobody ask the investor to chase high
People who complain should not trade in klse.
Keep the money in piggy bank is better.
2017-03-22 18:02
Who say Bursa and SC staff can't buy/sell stocks? I mean sure they have to disclose and maybe have cool down periods/long term holdings, but if they really cannot buy at all that's stupid. To be good enforcers you must be familiar with the system at the very least.
2017-03-22 20:47
Btw the guys who participate based on speculation and in the end get burned out are not innocent people lah. Those guys are lalang and greedy baskets. I have no sympathy for them.
2017-03-22 20:52
close entire bursa for 6 months for investigation lah. hahahahahahahahahahahahaha
2017-03-22 20:54
Beware the manipulators in the market and blogs. They are always around. In a particular forum (not here), these people were very active trapping the uninitiated and the newbies. Look at the old thread on Patimas target price 30 sen. Look at the old thread on Karambunai. Look at the old thread on napshot 40 recommendations. Yes, look at the old thread on GSB too. :-)
2017-03-22 23:01
pump and dump is so laymanish.....
what has happened to our regulators? Taken over by the kids?
2017-03-23 21:42
stockmanmy
I think Bursa jealous of Bones.
2017-03-21 23:04