angelina2 - watch support at 93sen

kancs3118 - See this blog post http://bonescythe.blogspot.com/2014/03/malton-mounting-mega-artwork.html

The author bonescythe is a respected name in this community and the article will tell you what you need to know.

For bonescythe, if you trade, the short term target is 1.00 and if you hold, the TP is 1.50 (I have seen TPs of 1.80 being bandied about.

Don't trade unless you can play with large volume and 2sen margins.

I am looking more at Mpay - strong volume and recovery from yesterday's selldown. If you switched from XDL to Mpay yesterday, it would almost be a 1 to 1 switch and a gain of 2sen by now.

This counter can easily trap you if you are trading - that is the advice from some sifus in other chat groups in this Social Forum.

If want to realise gain, may have to time entry and hold for medium term.

Price breached resistance at 93sen recently and chart still looks positive. So 93 to 94 sen may be a good new entry point for medium term hold.

As madiba has said, follow the money!! If there are any new announcements of accumulation by Dato Dahlan, then this will be extremely bullish for the price.

Chan's selling may be to put more shares into the market - it is a cheap share and with everyone here holding 100k shares or more long term, then there is very little float.

A lot of people say that Iris is a strong contender but let's say Iris moves from 52sen to 60sen compared to Mpay moving from 28sen to 50sen - which would give more return to the people behind the curtains? It is possible that Iris' backer may also be Mpay's backer - please note however that this is only pure speculation by me.

flytothemoon - As madiba advised, watch support at 27sen. If it breaks with heavy volume, then perhaps the show is over.

But I would agree with madiba's assessment of a new high in April.

Price movement today makes it appear that the operator is letting all stale holders exit. Good that a lot of bros here made money.

Once you have less selling pressure at 95 to 96 sen, I think it will break 97sen and then 1.00.

I understand that the LA is convertible at 1.00 - anyone here who can advice on this? If convertible, then a fair amount of dilution again but it will save Malton the interest payments.

madiba - thanks for the advice. thinking more of accumulating though - the price movement not conducive for trading as it looks more like a stepped uptrend with intermittent corrections.

Big block of sellers at 26sen

Could be 1 day show again!!

mintrader - Noted. But rite now, if this is how the operator is playing the stock, lim88 advice is correct. It is best to switch to other counters such as asiapac (Linabee) or instacom. Otherwise could be stuck in XDL for a very long time.

I see a lot of stories in this forum where traders lost at least 30% of their capital on XDL

Looks like a dead stock. Like lim88 says, let them play themselves.

At least another "dead" stock Instacom seems to be moving today - maybe better to play this penny stock, haha!!

Appears that play has just started. A lot of churning to get stale holders to liquidate.

Thanks mike. No positions yet.

2moro Fri T+3 and Mon T+4 for the spike in price and volume on 1st April. Should be heavy selling as it looks like contra players. GHLSYS also spiked the same day but has started correcting heavily ysday.

Malton - white closing candle ysday (+ve) and has breached resistance at 93sen with volume. FA is good - see bonescythe.

Anyone can offer insight?

Black closing marubozu candle ysday. Madiba's assessment that the new support is at 27sen should hold. Accumulate?

Should have temporarily bottomed at 23.5sen. If it can break 27sen with volume, then play is on again.

Buying from 23.5 to 24.5sen. Looks like buyback/accumulation until 26sen after which the operators will again goreng.

Haha, that sounds like a plan. If we let them play by themselves, they will have to take up script.

Do be careful though. The operators will keep churning up and down to throw off contra players on the way up. Best to buy some at the low for medium term and trade technically on the balance.

Was hoping that mikekong55 could comment on the TP - that guy is an excellent trader

By the way, I am looking at technical retracement. 50dma is at 20.5sen

Looking at technicals, support is at 23.5sen. Maybe that's why it is hovering around 24 to 24.5sen

Thanks for the clarification. Still new to all this, haha!!

Fundamentals are still good. Just have to wait for Mtronic to resume buying - no reason for us to panic sell.

Good morning, all players. Looking at yesterday's stock movements, the GST contract seems to be a race between GHLSYS and MPay.

Local resident expert, madiba, is excellent in analysing the situation.

WiseEye's explanation on the selldown seems to be the most logical. DPP is selling his warrants (his cost WA 5sen and WB free)to buy the mother share on the cheap. If he bought a block at 40sen, he also got "burnt". Hardly anything sinister about this.

XDL is hard to play - played 4 times - won two and lost two, nett still lost but small amount.

All major shareholders will logically want their stock to be fairly valued. I think the stock is already bottoming even from all this panic selling (which is good for DPP) and should retrace 60 to 66% of the price drop ie it should recover to 32 - 36 sen. But this may take a while if sentiment is still poor and if players still panic sell.

mike - I asked about Mpay the other day. It's really moving now - any idea on the TP?

mikekong55 - just want some advice on MPay. The counter looks pretty steady at 26.5sen and the company seems to have done all the right things supposedly to land the GST contract ie PP done with the right party, cash-in-bank looks good and company is profitable, although the quantum is still small.

How would you rate this counter. Thks & rgds.

Good morning everyone. Just a newcomer who's been following this chat group the last month. My investments (all became long term, haha!!)not doing well, so hope to learn from all of you.

By the way, mikekong55 is good, real good!!!!