ahnge2000: Ya, going up too fast. Have to see if it can break 27.5

Aiyah, pzul, wait for your buy call also neck long. So, just buy when it looked like turning. Also, remembered to sell! :D:D

connie: We, men, love anything lacy and sexy. Only afraid of green hat.

connie: Your six-pack heineken very effective. Today a lot of green

Today, only playing intra-day but keeping a very close eye on kuya hawk's recommendations.

Canonpreview: No reason to regret money in the pocket. Just following wee888's advice - get a constant flow of starbucks will do.

Best to be cautious, prices for ACE counters now consolidating and will probably slide again.

pzul: If you r playing WA, note that it is too ahead of the mother.

wee88: This time I thousandairre also. Bot 50k x 23.5 and sold 26sen this morning - not safe to hold

DreamM: Relief rally won't last. Better to sell high and buy low. Can always repeat the cycle in a few days time.

yes, pzul. All ACE counters which fell recently now relief rally, not only MPay.

Selldown will come again, probably later 2day.

pzul: This one must play volume for 1 to 2sen gain, otherwise become long term investor

rex23: I think a lot of contra players bought at 26 - 28sen.

This looks like a relief rally - TP probably 27.5sen

wee888: when counter turns, have to take the seller, cannot wait!!

Watch the WA - it seems to be leading!

Relief rally now ongoing!!

rman1: Any particular reason for your continued interest in this stock?

Over here, sentiments are already pretty mixed:
1. ShinRenNeo - already out and looking at other stocks (agreed that there are a lot of good counters out there after the recent selloff)
2. madiba - still long (has given reliable information and analysis all this time)
3. DreamM - gambling on potential (made too much money and don't know what to do with it, haha!!)
4. james8933 - trader (waiting for good entry to trade and make some more moolah)
5. optimus - big bear (highlighted that the counter would fall steeply before the selloff and it did, hasn't reached his TP yet)
6. pzul - look see, look see (just like most of us)

My position is quite clear if you read my recent postings.

DreamM: Hard to say but saw a lot of buyers between 26 to 28sen Wednesday and Friday. If these were contra players (don't look like the sharks), then still got some way to go before contra players are cleared.

Sharks will not push to let contra players exit so I think price will still drift. Today looks like bargain hunters from 4 to 5pm.

Don't forget, 13sen>>>38sen takes 4 mths, 38sen>>>19sen takes 2 hrs.

Maybe should ask bro zu1967 (pro swing trader) if he thinks its a good entry point now.

pzul: The counter still hasn't turned. Let's see the next 2 to 3 days. Like u said earlier, u can always buy when the counter has turned upwards - let the brave ones make the first 2 to 3sen. But remember to set a trailing stop!!

pzul: Sure can tahan! Only want to be hundredairre unlike wee888 and DreamM. Frankly, market sentiment is bad and all of my friends are already shorting the KLCI futures.

Better to look see look see as advised by one of our i3 sifus.

Where is pzul? He is supposed to give all of us the buy/sell calls!

DreamM: Waiting for good entry point. No point chasing the stocks down. Be careful with Iris tho.

rex23: There are still contra players to be flushed out the next 2 days. The real problem will be trading limits on ACE counters ny the brokers these few days.

DreamM: Already told u Iris will retrace to 39sen. Unfortunately, with the new development of Versatile selling its 120million shares, some are expecting 25 - 28 sen.

Selldown is broadbased, not just MPay. Perhaps better to wait for sentiments to improve ie no rush to get back in.

connie: looks like it's time to break out a six-pack (n relax, eh!)

Bro newman is correct and has been giving good advice. Looks like capitulation today in many stocks. KLCI is also at temporary high, so even blue chips will come under selling pressure very soon.

This round must let pzul make the buy/sell call - he's very observant!!

DreamM: Still very low volume - seems that contra players all waiting to sell but hoping sharks will push. If no buying volume, price will slide again today.

But people like us only hundredairre. So, wee888, y r still ahead.

DreamM: You should have sold at 28/29sen. Then can collect more now or spend difference on a holiday to Brazil!!

DreamM: No need to be brave - if RHB selling, the selling will come by 10/11am. Then mega sale!

Haha, pzul - always the brave one.

Anyway, everyone here should take note that if you take a position in this counter, you are playing with the sharks. So, don't cry later or blame anyone for your own decision.

Notwithstanding, even if you do wish to play, please do so with extreme caution as the current technicals are very weak. Believe only in your own readings, and not on the postings here by others (including this one), as pzul has said many times.

TQ madiba for your explanation - it certainly helps to clear the air in regard to allegations posed by some new forumners to this thread.

My conundrum is just this:
1. It is clear from the recent rally from 13 to 38sen that there is a "force" behind the rally which helped to push the counter's price upwards especially when it needed to clear specific resistance levels;
2. It is more than clear from the waterfall sell-off on Tuesday 29/04 from 37sen to 19sen, that this"force" is most certainly a syndicate.
3. The counter is at the moment very weak technically but this would perhaps be irrelevant if a syndicate was involved ie they can easily move the counter back to 38sen and horror of horrors, they could easily cause another sell-off within minutes from 38sen to 19sen.
4. The syndicate could also cause another sell-off from 27sen down to 13sen if they so wish.
5. Even if there is a possibility of the TRS award to MPay, then who would be the one to push it to the TP of 45 - 50sen? That's the level when everybody will all be selling (except perhaps DreamM).

So, would anyone here advocate taking any positions in view that it is the syndicate that is in control of the counter?

james8933: Don't forget a lot of stale bulls from 33 to 38sen.

DreamM: May be it will be good to take some money off the table. As optimus x says, it may have been your profits that u r now betting with, but it is your money!!

pzul: Ya, look at all the goreng stocks - the syndicate members all spread rumors so that people chase the price. Then they can unload.

By the way, optimus x is correct - he is only stating that the price can drop all the way if no TRS.

Nobody spreads rumors to bring the price down so that he can buy, haha! This is free advice from bro Leno (you can find him at stockraider's thread)

pzul: Trust yourself on the support levels. The real price that the operators bought is from 13 to 20sen, and the PP was at 18sen. Not the so-called 30sen x 500,000 shares to give retailers confidence.

pzul: The prices today look manipulated. The selldown on Tues was on low volume but the buyback was quite strong up to 29sen. Last 2 trading days, price slowly moving down from 30.5sen to 26.5sen with progressive selling.

pzul: Today watching only - not the time to buy. Also, a lot of new forumners etc saying all sorts of things - best to trust only your own readings.

Anyway, what's bothering you? madiba no-show or some forumners here trying to get retailers to buy at 27sen?

pzul: Your observation is good. Best to buy or sell based on your own readings, not because some forumners here say all sorts of things (especially those using different IDs to post).

connie: he's king tj - the no. 1 of pipopipo traders

Bro newman: Actually taking your advice - relax and look see look see. Monitoring Mpay to see if any entry signs.

Now it's either: "Sell in May and go away", or "Buy in May and hold all the way" or "Don't sell in May, better learn to pray"

Thanks, bro newman - just now noticed that it broke strong support at 27sen again. Maybe double bottom at 19sen (unlikely to drop below this level) b4 it resumes uptrend?

connie: Long foreplay always leads to explosion. So, just have to "hold" on longer!

Price started dipping again. 27sen probably won't hold - selling could intensify in the afternoon.

4u2c: Price appears to be holding at this level. But sentiment for ACE counters is actually not good at the moment.

Don't forget, it just plunged only on Wednesday to 19sen and rebounded only to 30.5sen. So, it should test support levels at 27sen/23sen.

The market is always here, so don't make a hasty purchase if you can wait (like pzul).

pzul: Sometimes we can make comment objectively. That's bcos our entry price is very low and we are not trying to play contra unless the situation really presents itself.