Defense Minister is asking for a higher price from Sarawak of RM2.60 per share or else there's no approval. Those LTAT people who negotiated a price of RM2.40 have since resigned.

People such as Leno and stockraider have no integrity. Obviously these people have been trapped at high cost and the only way for them to get out with a decent profit is to mislead others to buy high so that they could sell above their break even price.

EPF has been selling but someone else is buying aggressively.

Yesterday Insas last hour was a dead cat bounce. A dead cat can bounce only once. At current entry price Insas appears to be a value trap meaning once you buy at current price it might be hard to exit for a good gain.

@Mikecyc, Mr Sslee already sold Insas substantially above RM1.25.

Go, go, go BIMB.

The cat still missing.

I think I sold Southern Acids before 2001.

SAB ..... Southern Acid? Remember selling at around RM6 a long time ago.

Anyone bought Insas today? Don't be shy to tell.

The other blog the Author very upset.

Insas cantek! Dead cat bounce.

A value trap persuades investors because the trade appears inexpensive relative to historical valuation multiples of the stock, industry peers, or the prevailing market multiple. A value trap can drop further after an investor buys into the company.

KEY TAKEAWAYS
Value traps are misleading investments trading at low levels that present buying opportunities for investors.
For a value trap investment, the low price is often accompanied by extended periods of low multiples.

What Is a Value Trap?
A value trap is a stock or other investment that appears attractively priced because it has been trading at low valuation metrics, such as price to earnings (P/E), price to cash flow (P/CF), or price to book value (P/B) for an extended period.

Affin QR out, declares final dividend.

Bought at 74 sen.

Insas now is what I would call bleeding. Waterfall is what is happening in PBA right now.

We wait and see if there's notification from EPF.

Based on latest QR Insas net cash after deducting loans/borrowings (but not preference shares) is about RM900 million which is around RM1.30 per share. Who in the right mind would sell Insas at RM1.09?

I just received my daily morning report from my broker which shows that foreign funds were net sellers in KLSE yesterday. This is bad news because if foreign funds continue to sell down, our KLSE CI will reverse, retailers will start to lose confidence. And Insas ..... Insas will be extremely difficult to reach 60 ringgit.

Cat still missing?

Chart patterns change by the hour, sometimes by the minute. Anyway I don't have access to charts and to me it's so confusing ..... got fake breakout , got black doji, white doji, green doji, red doji etc.

Unfortunately I don't read charts.

I participate in forums which I have shares invested to exchange opinion as we can gain information and knowledge from others, so that we collectively benefit and made the most out of our investment.

You don't learn this by reading stock investment books or attending investment talks, you earn the gains by actually timing when to buy and when to exit, all decision by yourself.

Why does Insas spike every 2 to 3 years? Because new water fish are drawn to it. Promoters starting repeating "Insas has so much Inari shares which are not reflected in the financial statements" ...... where else old water fish thinks the wait is paying off - "ini kali lah". For contrarians like me we just do the selling lah, we don't fall in love with Insas, it's just to fill our piggy bank.

If you buy 10,000 shares at 60 sen, sells all at RM1.10 your original RM6,000 becomes RM11,000 and with that amount you can later buy back say, 15,000 shares at around 70 sen. Then sell the 15,000 shares at RM1.20 to get RM18,000. Later when price drops back to say, 80 sen, you can buy 22,500 shares. And after selling off 22,500 shares at say, average price of RM1.30 you realised a total of RM29,250 , that's a gain of RM23,250 from your initial cost of investment of RM6,000 , almost 4 fold gain.

At 1.28 Insas is a value trap, at 60 sen it is a value stock. No price stays down forever (unless it gets delisted) and no price stays up forever.

I sincerely think most people think Insas is a value trap. Had I not thought so I wouldn't have completely exited thrice near the peak in the past ten years or so, making a 4 fold gain from my initial investment by buying back near bottom after having sold near peak.

The wait is 2 to 3 years. Over 10 years I made 4 fold gains from my initial investment in Insas exiting near peak thrice, the most recent last month.

Mr Sslee, you need to realize that you are not the only person holding no cost portion of Insas shares. There are many, many of them but 9f course none hold as much as you do. Slowly one by one will give up the wait and sell. And there are people who uses margin to build up big position and as price keeps drifting down, a margin call will begin.

If make profit, of course higher NTA.

Tomorrow there will probably dead cat bounce of Insas share price.

Insas share price never follows Inari.

Most people didn't sell Insas before CNY because they expected a post-CNY rally, and when this didn't happen they still didn't want to sell because they expected a rally after release of its quarterly results. But why was there no rally but instead an immediate free fall?

As soon as Insas released its quarterly results which was rather good, the share price went into free fall the next two days. Can anyone brilliant enough to provide an explanation?

I am rather surprised the forum here is very quiet.

Aiyaa Mr Sslee, don't promote Insas here. Waterfall coming.

Today anyone bought Insas? Don't be shy to say.

Got anyone make missing cat police report?

When this article was written Insas was at 1.27. Today Insas closed at 1.09. So, is Insas a value trap?

QR out, declared second interim dividend of 4.22 sen.

Why TTB never buy Insas?

Lately EPF has turned sellers, so who is buying aggressively?

I hold one unit of Insas to sell for RM60.

I should have sold off all my Insas.. I didn't, I am now stuck with one share.

Bought at 74.5 sen this morning.

2.50 broken through.

Never tried cat meat satay, only rabbit meat satay.

Cat has been missing for 2 days, that's more than 24 hours. Can make missing cat police report?