Bought 5000 units at average price of RM5.162. IPO offer price was RM5.20. Still worth it.

Thursday closed at RM4.30 up 8 sen but extremely difficult resistance ahead with hundreds and hundreds lots queuing to sell.

Yesterday's (Tuesday) gain of 11 sen completely wipe out today (Wednesday). Big guns are not supporting. Got to start all over again after this correction. Just afraid that the first quarter results may not be that good.

http://www.klse.my/stock/result/qr/quarter/0138.jsp
First quarter results will only be announced this Friday 28/11/14.

Up, then down, finally up again with a record close of RM4.35. Don't know when the first quarter results is going to be announced?

I bought 10,000 units at 0.815. Now queueing at 0.785 for another 10,000 units. I am betting that this Friday, IFCA is still in the syariah compliance list.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1803641
AGM and EGM on 18 Dec 2014 to pass the resolution on bonus issues and dividend 2.0 sen per share.

I will consider going back into IFCAMSC only after it is confirmed that it is still syariah compliance this Friday (28/11/14). If not, got no confidence to hold.

On 10/11/14, 143 mil shares transacted, on 11/11/14, dropped to 59 mil, on 12/11/14, dropped to 47 mil and so is its price. On 21/11/14, 126 mil shares transacted, on 24/11/14, dropped to 23 mil. Not that a good sign. Could see price consolidation towards T + 3.

Today (24/11/2014), the bulls work very very hard to have a modest close of RM4.24 (up 7 sen) ahead of the first quarter results and the overall good market. Hope it can keep up.

By Yifei: I think support at 0.165, if still maintain 0.165, still got chance to turn up, but must hit 0.185 above only can see it fly up to tp 0.20 above.

By Sengkee: Market now don't care about all this news anymore. It might continue shoot up when overall market sentiment is bullish. I afraid it will break new high on Monday instead of dropping as Dow Jones break records again this morning.

One of the good example is like Mpay case. It fixed the private placement price at 0.156 in March this year. But the share price already stood at 0.26 at that time and went up all the way beyond 0.30 after that. So it really no fixed rule. All depends on the game play by "Cindy-Cat".

By bullrun88: Both MACD and MFI looking good... Should continue uptrend tmr... gogogo!

Sengkee, how you come to TP 28 sen? Private placement shares for directors. As long as they don't sell, it won't affect the market share price.

Still got 20 minutes can close at 0.19 meh?

Magneluke, It has something to do with cash/asset and debt/asset financial ratios of the individual PLCs and market capitalisation.

Dear Siva68, this syariah issue just prop up 18/11/2014, which is just two days ago. How would we know they targeted IFCAMSC which never happen before. Invested already much earlier.

Dear Elle, I also don't know. Middle of this year, everyone thought SKPETRO will kena non-syariah but when the list was released, it did not kena and its share price went up about 40 sen.

Magneluke, after the knee jerk downward reaction and the price is in oversold region, it will rebound back towards the fair value region. Those brave ones can collect cheap shares.

Dear Siva68 and Magneluke, the syariah issue is quite a disturbing factor. IFCAMSC might or might not kena this non-syariah thing. If kena non-syariah means die. Try to look at YTL graph middle of this year when they are declared non-syariah. Its share price plunged down about 20 sen before recovering after a month later. If did not kena non-syariah, it is a relief.

Inverted head and shoulders pattern has formed for next week breakout. Tomorrow (21/11/2014 Friday) can never close below RM4.16 for the breakout to be firm.

It is now building a very strong base for next week first quarter profit announcement. It should be a very strong profit and hopefully research houses will give a new target price just like IFACAMSC.

Thank you Firebird2 for those positive words. I am now more busy with IFCAMSC. It is more lively.

I am just holding 6000 units at cost price 4.05. Just a small amount. Just don't bother about it. Will wait till ex.

MYEG just came out from hibernation at 11:55 am Thursday? Can it sustain? No

Today (19/11/2014) is the 8th day of correction after the rally.on 7/11/2014. Another 3 to 4 more days of correction, hope that the similar rally will come. This time the catalyst is the record 1st quarter earning. MYEG sure will shoot up one day. It cannot be paralyse forever.

I am more worried about Syariah compliance. I have seen YTL knee jerk reaction before when it was declared non-syariah compliance. Just wondering why they targeted IFCAMSC?

Meaningless hard battle going on between RM4.10 and RM4.11 without any breakthrough.

Very likely will close at 0.86.

http://www.theedgemarkets.com/my/article/ioi-corp-sapurakencana-among-7-could-fall-syariah-list-says-maybank-ib#.VGr85iXIYPs.facebook
Next Friday only announce in syariah or not.

YTL is an example of non syariah compliant stock. If I am not mistaken since middle of this year. There is a knee jerk reaction at the beginning. But after sometime, it goes back to normal.

ln1792, are you still holding MYEG? Long time never hear from you. I really wish that the rally we saw on 7/11/2014 (Friday) will repeat itself. Hopefully when the first quarter results is announced sometime next week, this rally will happen. Today (18/11/2014) is the 7th day of correction after that rally.

Got big sellers but no big buyers. Directors still selling? Then got to wait for next week 1st quarter result to see how.

Fellowship of the ring: For sure the price will drop. The previous crash took 13 market days to a low of RM3.09, then rebounded sharply in 14 market days. This round don't know how. Just can average down bit by bit or try your luck on the right timing for bottom fishing.

First quarter result is expected to be released on 25 Nov 2014. Coffeecup expects it to be a record profit. Then research houses will give new target price like IFCAMSC. I also hope so.

Coffeecup, I saw you in IFCAMSC forum and now in MYEG forum. No worries, chartist says IFCAMSC could drop to 72 sen. Will keep on trying to buy at that price. While this MYEG can go reverse trend, so still keeping half. CMSB is another of my favourite. Eyeing at RM4.05.

See you all at RM3.50, followed by RM3.09.

Japan Nikkei drops 2.96%. Japan slips into recession. DJ Futures in deep red. Like last time I have taken profit for half of MYEG holdings and sold all my other counters including IFCAMSC.

Firebird2: Oct16, it corrected to RM3.09. The announcement for bonus came on Oct 30. Other news are known to the public. Looking at the chart, should another correction coming, possible RM3.50?

Let the correction come to form a stronger base for the next rally.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1795297

Yes bonus application approval by Bursa Malaysia. The next step is to fix a date for EGM. By right, the share should rise this afternoon. But the poor market condition may limit its rise.

Oh my God, MYEG is weakening fast. So fast red already. Grace Cheong, what has happened? It should be going to RM4.30. Big fish and big guns, please come out faster to eat up all the big blocks of sellers.

Blue chips can hold for long term. After all I am buying bit by bit as it is getting cheaper and cheaper. No worries.

Maybe RM4.30 on next Monday and hope that it will close at a new high (ever highest is 4.41) on next Friday because next Thursday after market close, should get the approval for bonus issues.
Thank you Grace Cheong. Cheers!

Bought 1000 units at RM5.45. Last time IPO offer price was RM5.30. Need not worry.

Heavy roadblock at 4.12. Difficult to clear.

Looks like MYEG just woke up at 11.45 am but don't know can sustain or not?

Never mind, let the market to decide the fair value of MYEG by itself. The immediate catalyst is next weekend approval for bonus issues proposal.

That means Grace Cheong's insider news is false??? Disappointed!!!

Why after 30 minutes already still no action? Grace Cheong what is happening? Still no big guns buying.

Is MYEG given the final approval for CSTM by the government? If not, I could not think of any other good news. The approval for the bonus issues by Bursa will only be end of next week.

"By Monday , just smile happily with the money in ur pocket:)"
Grace, you mean must sell on Monday (not sustainable). Can't we wait till bonus ex-date. CIMB target price is RM5.28.