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The run up of a penny stock - felicity

Tan KW
Publish date: Fri, 24 Mar 2017, 07:59 PM
Tan KW
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Good.

Friday, March 24, 2017 

 
The recent run up of some of the penny stocks is just an opportunity for the owners to get out. The below is one of them. All of them are sales and in very large quantities - more than 10% of the total stocks available (done in a day or two) - can one imagine?


The link here, is just one of the example. For any speculators (who gambles), one should wish that he/she followed the right wave. Otherwise, there would not be any more comebacks as these are stocks which the controlling shareholders do not want at all. In fact, they know they do not want the warrants especially to be converted. They just want to dump it out. Even if it is converted, one do not know how they are going to use the money raised.

If there is a second wave, it is really luck. I would not want to touch these in all scenarios although can be tempting.

Disclaimer: Not all penny stocks are bad, but the above is not one of the good ones.
 
 

http://www.intellecpoint.com/2017/03/the-run-up-of-penny-stock.html

Discussions
3 people like this. Showing 27 of 27 comments

greatful

You know how they work lah, this is not new style. win win for both side, fishes may not be the victim but victim certainly will be fishes

2017-03-24 21:03

nikicheong

Just to make it clear, I don't necessarily think that the owners are the perpetrators of a pump and dump. They merely realize that the stock is way, way overvalued and see a good avenue to make a ton of money. So why not? I would do it too if the stupid market greatly ran my stock value up for no good reason.

2017-03-24 21:48

jontfj

Pls read the announcements, it's all warrants disposed, not mother shares.

2017-03-24 22:15

gohkimhock

A lot of newbies here have not seen the 2nd Board crash, tech bubble burst, or even US subprime crisis. They just think the easiest way of making money is punting on cheap low quality counters.

2017-03-24 23:11

tjunkie

there is a saying that a 100 dollar stock is not expensive but a 10cent stock is not cheap.

2017-03-24 23:14

ktsk88

Dia sudah jual tinggi datang sini kata tak baik punya saham.

2017-03-25 08:32

hallick

true. dont say not good about this and that ... unless her/his intention is to ask people to throw at big vol ... so that the price will go down & he/she can collect more again at much lower price ... hihi

2017-03-25 09:23

nkk53

I feel that within the next 4 mths,we should leave the market completely.This is a tough decision

2017-03-25 09:33

moneySIFU

Goh, it's not "not seen", but "never heard"

2017-03-25 11:49

Risk Rider

Ayam Tua is faithful holder of PUC for very long time, amazing.

Time will tell if it is a gem or instead a germ.

2017-03-25 12:31

AyamMuda1

Why never mention Xinghe? Very cheap. Poor chap like myself only can afford.

2017-03-25 12:39

CKNYAM

Ayamtua a great comment with so much points. Add one more points, buy at low and if run also can be faster. PUC still making profits company . So long run should not be problem.

2017-03-25 13:01

Unicorn

I know about tech bubble burst and US subprime crisis, or at least experienced Aug 2015 oil price crash. But I don't know about ace market crash. May I know when the 2nd board crash happened? I wanna research abit. Ty.

2017-03-25 14:03

gohkimhock

Unicorn. 2nd board counters are not ace market. The run-up of these 2nd board counters were ridiculous. Some even went as high as Rm50. 1995 was the year of 2nd board counters. It crashed in 1996 when a lot of insider trading were taking place. Then came 1997 Asian financial crisis which spell the doom of those counters. Never recover. MCL, KPSD, Bescorp, Repco, etc all no longer here.

2017-03-25 14:21

kingcobra

Smartrader 2020, would love 2 hear your comments regarding this!

2017-03-25 15:00

tksw

Pump and dump? I bot liao wor... die lor, this time. Go ho-lan liao.

2017-03-25 17:31

stockmanmy

bloggers more powerful than directors

2017-03-25 17:34

mbs7633

If you want to speculate a penny stock, make sure that your buying price is lower than others.

2017-03-25 19:07

apprentice

Maybank not fundamental stock? I wonder why 19% of it is held by foreigners.
We should tell foreigners to buy 10sen shares then. EPS 0.01 sen.

2017-03-25 19:23

kokojerry

This felicity another joker!!!

2017-03-25 21:47

michaelwong

Felicity l got to agree with you as seen with the stock movements . Still up to certain investors to weight the value of the stock

2017-03-25 22:25

Unicorn

Ty goh !

2017-03-25 22:53

choop818

The older we get, investing long term becomes less of an option. In this context (of getting old), KYY has the best solution - invest in companies that continue to make profits every quarter. Probably, what his doctor ordered.

2017-03-26 00:50

nklye

I think it's not the matter of old but fund.
If I have the fund as much as KYY or may be less, I am confident I can make more money from this share market.
I have proven with the little fund I have where I made about 200% (very much better than interest from fixed deposit in any bank) within two to three months, but alas small amount only because of small fund.
I just need to buy certain counters which we are sure won't go burst and have punters deal in, meaning not quiet one. Buy in a lot and don't need to wait the price to move up too much but a few sens even 0.05 sen then sell off to make profit . If the price is not moving up just pick up the shares and wait for it to move up some days where definitely it will happen and come one find day.
However one must has discipline to wait.

2017-03-26 01:15

cytew

what is wrong for the demised 张家杰 estate to dispose WB and WA for the settlement of part of outstanding loan ?

2017-03-26 06:46

cytew

The writer's is actually 以小人之心度君子之腹而已,其实没什么可取之处。

2017-03-26 06:57

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