I love Tamil movies. Tamil movies always portrait how the bad guys ultimately gets their asses kicked by the good guys in the end. The moral of the story is good always triumphs over evil. The good guys, after suffering badly in the beginning, turn the tables on the bad guys and at the end of the Tamil movie, he goes home a hero.
Consider the case of Asia BioEnergy Technologies Berhad or stock name AsiaBio. The stock became very hot for a month. News?? On 28/1/2015, the company announced that they will be purchasing two shipping firms. Then, the selling started. See chart below.
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| AsiaBio 6 months share chart |
So, Up or Down?
The big whale is selling ...selling on news! The stock dived. The pattern look very familiar ...remember TMS, Focus, etc ... Intermittently there will be some small rebound along the way ... the reason is why skin the sheep once when you can skin the animal a couple more times for profits??
The Bottom?
Who knows where the REAL bottom is? Perhaps, the level could be at where the share price was before the stock pump and dump game started. My guess? Long term ...7-8 cents. (My 2 cents worth of opinion!) ... Look at the 5 year AsiaBio chart below.
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| AsiaBio 5 year share chart |
People who bought after the announcement are suffering now. They have to hold on and pray the story will end well. The good guys will win in the end, right? Hmm ...
This is not a Tamil movie!
Bruce88
Looks like Bursa are accomplice !
2015-02-15 22:01