Bro newman. Long time no see! Good to hear from you again.

Good morning all. As of now, no bursa filings/announcements by Iris or Mpay on the eTRS award. Time to call bullbear777's bluff?

Remember the last time, on 28 August night, when bullbear777 said Mpay got the eTRS award and the share price spiked to a high of 32.5sen in early trading on 29 August and then started dropping very quickly about an hour later. When bullbear777 and madiba claimed that morning that Iris had hijacked the award, the counter had already dropped to 28 sen and all who bought in early trading were royally screwed. Unfortunately, bullbear777 recent postings keep mentioning about his wonderful trade in switching from Mpay at 30sen to Iris at 34sen.

By the way, Iris fell on 29 August to a low of 33sen bcos of the Edge report of quarterly losses but made a sudden turn then after Mpay fell - sharks operating??

So, let's see what happens this time.

pzul - Just a quick note on ktb. Off-market deal for a 15% stake done at 62sen. At the moment, it looks like accumulation between 38.5 to 39.5 sen. I'm sure the play is still on.

Ok, got to go.

Ok, got to call it a night - 2moro's work load is heavy and crucial

As long as you log in and post, other forumners posts in the same thread will be sent to your email account (the one you used to register with i3)

Ya-loh! Your posting will come to my email account so if it is important, I can then check the counter, hehe!!

No-lah. Just came back from lantern festival gathering. Will be busy with work 2moro, so you will have to monitor for me, haha!!

Does look like it will be gorenged soon. As bro zu1967 said, can try a small amount now and hentam only when it breaks 28.5 sen with volume (pzul can confirm then with his chart readings).

pzul - About pmhldg, better to stay with pmcorp but it can be a long wait with Dr Yu.

dnex - Breakout was at 34 sen and strong resistance at 38.5 and 40.5. At the moment, the counter is moving nicely and was consolidating between 37 to 38 2day. I think should breach 38.5 2moro.

ideal and ktb now back in play - ideal will perhaps trend up slowly this week. ktb still low volume, so one can get stuck here.

pzul - I'm just monitoring. Thks for your assessment. Will give you an alert if it should start moving.

Yes pzul - looksee2 first. And then tell me what you think, ok? Thks.

Jangan lah, bro zu1967. Semua baru makan panadol

pzul - Look at xdl. I think they are going to play it soon!!

Kukumanis - semua orang punya kepala pun pusing kerana situasi tersebut!!!!

topaz - best to follow bro zu1967 at the moment as the counter is now in trading mode!!!

topaz -Hard to say with so much disinfo flying around. At the time my fren (he doesn't work in Global Blue) told me, it was just before the Focus news which was published in early August.

Dun forget that:

1. bullbear777 and madiba both claimed then that the Focus article was a ploy by various parties to goreng the counter and that the major shareholders would be selling down (this was of course weird as the major shareholder would stand to gain if the counter was gorenged upwards)
2. bullbear777 and madiba both then claimed on August 28 that mpay had won the contract award
3. when the share spiked up on August 29, both then claimed that Iris had hijacked the contract and that they had sold at 30 - 31sen and bought into Iris at 34sen, which then suddenly made a u-turn up back to 38sen.
4. Iris at that time (August 29) had fallen to a low of 33sen intraday bcos of the Edge article on its expected quarterly losses and this was confirmed by their bursa filing after closing on that day.
5. Iris price has been falling since then back to 34sen on Friday intraday before closing at 35.5sen.
6. Iris price is now up to 36.5sen (10am) probably on a technical rebound - don't get caught here!! The eTRS does not make much difference to Iris' bottomline due to its huge share capitalisation.

The other weird event is the manner in which the mpay boss CCS has been selling his stock and the price support whenever he sold.

Time to follow you, bro zu1967, hehehe!!

qwerty - thanks for your live commentary. I find it all very educational.

pzul - better to buy uptrending stocks. at least you can then wonder how high the stocks will go. in the case of mpay, I think we are all wondering how low it will go, haha!!

chy72 - the charts show that mmsv is uptrending. if you want to buy "low", you will need to wait for a pullback. this counter seems to drop for a week and then rises quickly the next. so, the present upmove is perhaps not over yet.

For short term trading, you should check with bro zu1967. I am no good at short term trades.

41sen this morning would have been a great entry price!!

41sen this morning would have been a great entry price!!

aiyoh, bro pzul - mmsv still moving up and will probably retest 47 sen

pzul/chy72 - If you are really interested in mmsv, you can go here - http://klse.i3investor.com/servlets/forum/800000135.jsp?fp=2

Some of the forumners there are pretty knowledgeable.

Best to keep chatter here focused on MPay and follow our pro swingtrader, bro zu1967

chy72 - directors bought a lot at 38 to 39sen

But that would be long term ie more than a year.

chy72 - 1st TP 47, 2nd TP 51 based on TA readings. but looking at their business plan and their current/projected sales, the price should be similar to elsoft (same business and trading at RM 1.48 now)

Monies888 - best not to speculate on whether it is payment for something!

I think bullbear777's post are quite welcome as he/she has not run anybody down. On his/her news, it would be up to you to interpret.

chy72 - if you can buy and hold, I would recommend MMSV. however buy at your own risk, ok!

Bro zu1967 - but now sifu newman MIA, so have to follow you mah!

Bro zu1967 - this time have to follow you closely. I pun nak s5.

topaz - Have faith in kuya hawk's analysis, ok! With all the denials by the MPay BOD and the rumors that Iris got the contract, we still haven't seen MPay going limit down even with the directors selling.

chy72 - Dun keep on looking at MPay only. Follow bro zu1967 on other counters too - he's really good.

Bro zu1967 - And when he sold 2 mln shares on 27/08 at 30sen, someone took it all on opening.

Bro zu1967 - It's not only 29/08. If I remember correctly, the price closed at 26.5sen the next 2 days. According to the bursa filing, CCS sold 10 mln shares on 29/08 between 26.0 to 27.0 with the bulk at 26.5sen. Earlier, he sold about 3 mln in a married deal.

So, what really is going on??

Monies888 - Stockists cannot be trapped, they have to close their positions end of trading day. But they can lose bigtime if they read the situation wrongly (which is seldom as most of them are really good).

qwerty - thanks for the clarification, very enlightening stuff!!

Bro zu1967 - wah, biji amat besar!!! hope it starts turning up in the afternoon so that you can get your s5/lobster!!

chy72 - Like you said, all retail players already cabut and now, nobody here brave enuf to buy (maybe bro zu1967!!). Wonder who's buying, CCS?

Bro zu1967, our pro swingtrader. Any TA to share on this counter, hehehe??

pzul - PMCorp play is still on, hehe!!

bullbear777 - thanks again. so it merely reiterates the MPay board's announcement.

pzul - PMCorp is a mid to long term hold. I think this round can reach 38 sen and possibly break it as it is rumored that YNP boss is buying shares in MUI and PMCorp. I am already in at 26sen.

pzul - Anyway, today is T + 4 for Mpay and volume up to now is still low. Just watch and see if it is worth a punt. No point switching to Iris - it is already 35 sen and still in downtrend.

pzul - I seldom contra, only do so when the stock is very active

pzul - dnex was consolidating at 33.5 to 34 and the breakout is at 34.5sen. mmsv has good profits lately with directors buying strongly at 38 to 39 sen, somemore got 1 sen dividend (payment date to be fixed)

bullbear777 - btw, what does the article say, that their correspondent Focus) was wrong or that the MPay board had issued an announcement stating that they had not received the award letter?

bullbear777 - thks, will check that out.

pzul - best not to play contra. mmsv can be held long term.