Today, a strong rebound in Hang Seng leads to a rebound in most asian mkts. Our punters have a field day on some speculative counters, eg Sapura Energy, Opcom Holdings and My EG Services, etc.

Let's see if this counter is ripe for any further upside, after recouping previous day's loss.

Today, a strong rebound in Hang Seng leads to a rebound in most asian mkts. Our punters have a field day on some speculative counters, eg Sapura Energy, Opcom Holdings and My EG Services, etc. Let's see if the speculative interest will spill over to this counter.

Sadly, the goreng master can create havoc in a weak and quiet mkt, esp if he withdraws the supporting buy bids.

China and HK mkts are in the bear mkt territory, all thanks to Trump's tariffs.

Mkt is so bad. Even if the goreng master wants to push it up, he will need to choose a better timing...

But of course, do not chase high....

As at this current moment, 641,500 shares traded. This is probably closer to the true vol traded today. Most of the time in the past, the vol was churned beyond our imagination.

Do not play play...

Haha....be greedy while others are scared....

Technical(oversold) rebound yesterday, along with other penny stocks. No follow-through buying this morning.....

Bargain hunting. Mkt rebounded today. I queued to buy more at 26 sen, also not done.......lol.

Low trading vol today, selling has dropped substantially amidst a weak broader mkt. A good time to bottom fish for the next rally. Mkt usually rewards participants for bold actions taken at opportune times...

Every price rally is a good selling opportunity. Operator has been engaged in this tactic for years - buy low and sell high. If he adds up his profits over years, you will be surprised.

Another loss-making quarter, until its NTA per share(as at end of last quarter) has dropped below its current share price...

Well, I bought some to test water at 27.5 sen....

On the lighter side, somebody asks me where the speculative punters have disappeared to. I say, u go to Sapura Energy thread now and u can see plenty of them. He laughs...

Just a little joke to liven the mood in this dowm mkt. Haha...

Well, let's analyse what has happened between Jan 18 and Aug 18? Many things had happened in these 7 months:
1. Most asian stock mkts had peaked in Jan 2018. And most mkts have since retraced quite substantially, esp China and HK mkts;
2. Trump and his tariff measures against China(esp steel products);
3. The profit for this company had plunged, based on its last quarterly report and lots of punters/investors got disappointed with the management.

This counter was ramped up high in Jan 18 by the main operator, riding on the excess optimism of some promotors(plus operator's runners with super high target prices) and scores of speculative punters. But where are these promotors and punters now? Mostly missing in action.

Malaysian mid cap mkt has been weak lately, eg some punters got burnt by Sapura Energy. With this backdrop, will operator want to push higher in this mkt? Not now at least.

Currently, the share price is still supported by its NTA per share. I reckon it would be sideway trading for now, with a slight downward bias, due to external factors.

Every day, it generates so much vol to lure pp in. Result will be out these few days...

Words can lie. But trade statistics will never.

My fear is now confirmed. High trading vol but price little changed in the past days - a typical case of distribution by the goreng master.

The problem with this counter is the company is slack in performance updates, other than the quarterly result release. Most of the time, investors/punters need to guess its performance and most, if not all, get it wrong.

That's why it pays to be a short-term trader than a long term investor like Calvin for this stock. And the goreng master(ie the operator) has been doing this for years, to pump and dump in range-bound trading.

I do not see any change of trading pattern for now, until management can demonstrate to us their new growth initiatives and resolve.

Just my honest views...

A discerning investor would always weigh the cost and benefit of holding a counter. Cost alone, each year of holding cost would amount to a "conservative" estimate of 3.3% on bank interest foregone(opportunity cost). 10 years can be as much as 33% of capital outlay.

Do not play play...

Calvin loves to aim big and he encourages others to be as greedy and end up as long term investors like him.

But he fails to understand that this company does not pay any dividend. So, he is in effect just holding a title(ie a shareholder) without compensatory income(ie dividend). Lol.

Yes, bunuhsateman is nice. He helps to bring down share price for some poor traders to make some trading profits....kikiki

Finally MoneyMachineGun has learnt the hard way and has spoken more sensible things. But his earlier buy calls(with hints of insider news of better result before release of last quarterly report) might have already sent some innocent chaps to holland. Lol.

Newbies, pls stay out of this guessing game.

High trading vol, but price is little changed. Whether it is a case of accumulation or distribution by the goreng master, we will soon find out when result is announced.

Even the last promoter has left this thread for more than a month! Will management care? Probably not....

Wow, 20% return from IFCA Msc Bhd within 2 days. Where to find in this down mkt? Do not be greedy...haha

For me, I just state facts. I do not give my price predictions.

You have said that a few times in a row already. Have u struck a MOU with the mkt operator?

Every time u say 30 sen will be broken, u make a lot of "hungry traders"(who have expressed interest to collect at 25 sen, 22 sen or low 20 sens) happy...lol.

Warrant ceases trading today....

The frog is pronounced dead today. Another money spinning venture accomplished by the warrant issuer.

Effective date of US' new tariff on China.

Pls follow Trump's tweets closely if u want to trade this mkt. Knowledge is the best-held compass in this turbulent mkt. Do not listen to hearsays or rumours.

Mkt is really bad. Cheap sales almost everywhere. But mkt operator is still defending this counter above 30 sen(key support). Maybe, he is much more desperate than some of us. Not willing to sell cheap and spoil the mkt. Lol.

The real test will come on 6 July. We shall see...

Not exciting for the traders lah, today! 30 sen still can only see, but cannot touch. World cup, more exciting. Lol.

This warrant is expiring very soon. Beware!

I would say, chance of a strong rebound is low, unless Trump changes his stance against China.

Haha no major upsets as in world cup. Mkt operator is still defending its turf at this moment, before 6 July.

Luckily, I disposed of my holdings at breakeven price earlier. This warrant has a very high strike price and is expiring in Aug.

Reality bites. If without pp(including syndicates' runners) talking up on this counter, how can some traders(plus some investors) make good profits from this counter?

Haha, whether it will drop below 30 sen, it is still a lot of traders' dream. Mkt operator will have the final say in this quiet mkt.

On a more serious note, share price is a function of mkt demand and supply. If mkt operator does not expect heavy selling at 10 sen on this Wed, would he be foolish enough to bring down the price to 10 sen for pp to buy......

This counter has already corrected itself from a high of 48 sen to 38.5 sen yesterday after GE14 on expected lower profit and a generally weaker mkt. Mkt volume has shrunk substantially and speculative/contra buying is low. So, if it can really drop to 10 sen on this Wed(by any day-dreamer), I will surely come in to support this counter.....haha

Bursa has no lack of Holland stocks. My EG Services is the latest addition, brought down heavily by negative news, rumours and short sellers....

Price has fallen back. I bought back some...

IFCA still stays at 29 sen, but Eden already sends a lot of pp to Holland, 26.5 sen now.

Its mkt operator is laughing all the way to the bank....

Somebody said better sell this counter and buy Eden. Little did he know that mkt operator would make Eden another Holland stock(at 31 sen now), having dropped from a high of 47 sen just recently....lol

Last quarter's result will be out by end of this month. Let's see how the strengthening ringgit has impacted on its business...

Boiling frog theory? Beware!

A lot of pp only know it went up a lot to about RM 1.8. But few realise that it also drops so much from RM 1.8 to the current price now. So, all GST pros have been largely discounted by now.

Haha....

Remarkable. I throw back some more to the mkt maker....

I thought somebody said it is a gone case. Will drop below 20 sen. But it is still up today....lol

Wow, Hang Seng surged past 31,000 points already. This warrant will reopen on Mon to play catch-up....