joyvest
Well,you are experienced trader,you know very well it won't take long.why? Their share base will tell....
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Tell that to those still holding Gkent. RM3.5 free fall to RM1 in a week. Wait 5 years later to become 50sen.

MikeyChan
Short selling is suspended. Tomorrow rebound?
https://www.nst.com.my/business/corporate/2024/01/1002329/short-selling-scib-suspended-second-day-row-share-price-down-35pc

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Suspended short selling on both 1st and 2nd day didn’t stop the waterfall.
You should see how gkent freefall in May, 2018. Suspending short selling won’t save you.

It takes 2 weeks before regularisation. Next time, sell at any price at first LD. Cos there will be 2nd and 3rd LD.

Eagle77
SCIB secured 365 millions for 3 projects almost similar to Edaran which share prices 1.30 -1.50…so now the shares only 0.53 cents very far from the exact value!! Supposedly now already 1.50 💰💥

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Completely different project, how desperate are you?

This kinda limit down, let it hit straight 3 days LD, then consider enter. Buy on 7th trading day is whole lot better than buying now. Now not margin call yet. Tmr will trigger margin call. At least people like joyvest would hv regularised their account and no need sell anymore.

Retailers active at 9-10.30am. Real manipulator will appear 3.30pm - 4.30pm.
By 10.30am got no more support, those enter in morning will selling by evening.

My lesson learn so far is to never buy or sell in morning. They are either panic buy or panic sell.

Singor is here. Time to cancel all my sell queue and hold until 40sen

Same strategy. tp 1/3 at 26sen for 200K shares. 2nd 1/3 200K at 30sen and 3rd 200K shares let it runnn…

Felix can hop over to perdana also. No need wait next QR for 20M profit. Last Q already 20M. Waiting rocket to move there also.

Operator haven’t wake up to put roadblock

Good chances that next 2 weeks show time

Whoever that want to pump perdana put roadblock to collect first?

U still on SD? Seriously? Those opposition MP who support Anwar will still hv their seats with opposition en bloc.

The only way left is buy over 51% party members to vote current president out and pay even more to put a puppet president before having whole en bloc to opposition. Or cheaper way, turn them into missing person.

Someone sapu 7 million shares, waiting retailers to jump onboard.

Can hv a look at perdana, someone sapu 7 million shares one go.

Strong uptrend, hopefully will sustain until QR before breaking 30sen

Bought 2.32 and sold 2.42…while holding my original position…

Has been the same pattern every time. Might as same take advantage and make some money.

Just a matter of who and when he pulls the plug.

Welcome to deCasino Bursa

it's Kenanga vs TA.
Everytime Kenanga talk shit, TA rebut. I think Q4 is gonna be gonna be good.

Just don't know how good.

Max is coming from how bplant 70sen to rm1.55, UMW from rm3 to RM5 or cycle and carriage from RM1 to RM3

Just wait next QR…no choice hv to buy liao…

report 50M profit, gonna gap up to 30sen.

Those buy liao want up…those try to collect cheap ticket want down…
Lazy to see sometimes…

EPF buys another 3 million share right after quarter report…
Anyone happens to know why?

Wonder when EPF gonna do window dressing

Result out…90M profit…
Singor what u think?

Singor, prudential only got 5%

Push price up to 2.35, the. Declare 6 Sen dividend we get 2.45 next week

I think fund manager invest in tranches and different team. Those that they are selling probably from earlier tranches. They sell now, they can report they made 10-20% for their next performance appraisal and year end bonus.

Sit tight for year end window dressing.

Singor is probably right, when comes the quarter with reduced depreciation and amortization, that will be interesting PnL statement to read. Buy some and look back during Q4, 2024

BobAxelrod33,

Care to share what’s the total debt for velesto? Yinson, Armada and bla bla bla all got high debts. Most OnG/Construction/Property/IndustrialProd(metal) all got high debt. They operate on debts. As long as, operating profit above finance cost, all is good. But of cos, not all investor has a stomach for floating oil price with fixed finance charges and payment term.

I think you say what you say because you can only understand PnL statement.
But if you can answer question below correctly especially question 3, you might have different opinion.
1) What’s velesto’s cash generated from operation and finance expense?
2) What’s velesto’s total debt, short-term debt vs trade receivables and current asset.
3) Where does depreciation and amortization parked in PnL statement and what happens to asset depreciated to 0 and sold later?

BOD and EPF sapu so hard, fat divident coming?

Monday gap back up to 2.5…if EPF buy 2.5, they will buy more 2.4

Which chart?
MACD uptrend 2 days ago….good time to enter

End of december isn’t exactly around the corner

Really need insight from whoever that’s pulling this shit….
Where are the opportunity if fella is buying and selling back himself…macam la boleh collect point or smtg.

Price Buy Volume Sell Volume Volume Value
0.040 70.74M 0 70.74M 2.83M
0.035 267.34M 256.05M 523.39M 18.32M
0.030 0 1.69M 1.69M 50.75K

20M transacted. I wonders wat’s there go gain by doing this.

Mazda’s TIV rose to 1,753 units (25.8% MoM, 72% YoY), implying another strong achievement in Oct 2023. Sales volume growth will continue to be supported by updated model offerings and healthy booking rates for the CX5 and CX30 models.

Morning already 59.5 sen. I tot can break 63 by afternoon.

Then monday can peak at 68sen

Machine gun start back

The problem is they are net buyers here. Not net seller u know?
This is what I find strange.

Machine gun stopped…manipulator go hv lunch…

Price Buy Volume Sell Volume Volume Value
0.040 69.15M 0 69.15M 2.77M
0.035 209.25M 162.61M 371.86M 13.02M
0.030 0 1.60M 1.60M 48.00K

Net buy volume is higher. I don’t see how this manipulator makes money

400million shares at 4sen also cost 16million. What are they trying to do?

Any idea who is buying like machine gun?
Sapuing everything from ask

Weak holder gone…next stop Rm2.8?

I tracked the trade. I think the fella short sell around 300-500K shares to create panic. He probably closed his short position. Total trade is 3million, don't know how many shares he collected on discount.

See, short position makes 1-2%, collect extra 0.5-1m shares on discount. By the time back RM2.5. 4-5% profit for 1 day work also not too bad. Range bounded stocks like bauto offers such opportunity.

Every now and then, there is a syndicate doing this kinda selldown.
17 July once, 12 Sept once, and now. Too many chartist want quick money.

Since it's easier to manipulate the chart considering it's easier to just say "downtrend!" or "Support Broken!" than doing value studies that this is a good company with good governance. Last quarter proved without SST, sales is still going strong.

Last time also got such selldown, RM2.25 to RM2 bounce straight back to RM2.5
But after each long gap down usually followed by stronger uptrend. This time drop to RM2.4 and bounce RM2.8 next stop? Classic shake weak holder move.

Yep…holding until RM3.3

While tabling the Budget 2024 in the parliament today, 13 October, Anwar, who is also the Finance Minister, said the new tax will be imposed on certain high-value items, such as jewellery and watches.

JohnZhang, without the “intention” of LTAT to take over KLK, it is suppose to be bloodbath…so, that “intention” is to prevent a bloodbath and nothing more.

Now, that bloodbath is avoided, without a confirm date, all it does is slide back to 65sen.

The intention LTAT to take over KLK for general offer save bplant from bloodbath…until it’s confirmed, will slide 5sen a day until 64sen