WilburR2, I hope that you're a newbie otherwise your words might be misleading new investors and traders here. There are many buyers and sellers queue their orders at various price stage before session break or market closed, but everything will be backed to normal once the market has opened. I've undergone the same problem 4 months back when I was new, hope that you won't be making the same mistakes again, and obviously this stock is being manipulated, you require close monitoring. I bought at 1.19 and still holding, I hope it will fly too but please make a justifiable and non-misleading statement here, we should learn together by not taking advantage at the expense of others.

hope doesn't make any sense in share trading.

MMAG is a new name and it was created due to Feng Shui.

keyin, I can't tell much from the questions I asked since everything should not be told. What I can say is the coming report might not be able to let thr company turns from losses to profits but net losses might be reduced again. If the share price is above 0.10, you can make your own decision whether to hold or sell then. Always remember, thr quality of a company, now the share price is 0.06, can't expect much from a penny stock since the price has been stagnate for quite some time.

Before buying a share, no matter it belongs to a short term trading or a long term investment, one has to identify the nature of the company, the business the company is running. In a general speaking, Ingenuity Consolidated Corporation is a technology company, running those tele-com businesses, usually these kind of tech stocks are the best choices during financial downturn because they aren't affected by financial turmoil and the influence of CPO and FED interest rate. But, these tech companies share prices are too cheap, considered as penny stocks, usually they will have limited air to move their prices even though their financial results are good unless it is going to be merged, takeovers or something that makes investors be confident in the company for a long run, otherwise the share price would be remain the same and this price would be the fair price for investors to collect their shares proportions. For me, shares aren't same as warrants, to get a better move in shares would be above RM2, at least, for warrants, at least RM0.50. I'm just sharing what I gained from my experience and knowledge in 4 months of trading, correct me if I'm wrong. The reason I bought this company's share was because I were new that time (<1 month trading experience). I'd advise people not to purchase these kind of shares for the purpose of getting capital appreciation because it's really difficult.

Keyin, ok ok haha

For Chinese, the changing of name might indicate there's a 'new' start from the worst to become better, I might be wrong if I put this sense into this stock, btw, I'm going to the EGM on next Thursday =D

ozzie: Thank =) Let's learn together

for short-term traders, this kind of stair-case share price isn't attractive but if you're a long-term investor, RM0.06 is the best price you can collect. Instead of asking why being so confident about this stock, RM0.06 is the fair price supported by the whole market, if people don't confident at this price level, the price has gone down to RM0.055.

For me, people who are investing in this company can make an equalized/justified patience-return ratio if the company management team is able to make profit next year, the share price will increase very high because turned from 100% net losses into profits. However, if the management team doesn't perform well (no changes in net losses), the share price will remain stagnate. If the management team is making more loses, the share price automatically will go down (a cheap share price can be even cheaper when things go against it). My analysis is, 0.060 will be the support line, 0.065 will be the highest price bidded and the situation will remain until the next report comes. From the another perspective, this is an action of accumulation (power stored) in order to release them out (distribution stage) in a foreseeable future but I believe the probablity for the first case to happen is 65-70%, second is 15% and the remaining are uncertaintities. The above is based on my one month experience and knowledge, do correct me if I'm wrong.

in my opinion, 6 cents is the fair price for this stock and its a good accumulating period at this price, but no one knows when the share price will increase, either being collected until a certain quantity then distribute at a higher price/wait for the news next year, experienced new management team should be able to generate profits for this company next year because in just a short period, the company's net loss has been decreased at around 50%, be patient guys.

Ang Eng Keong, are you an idiot? This is a stock forum, people can share whatever they'd like to share and we are sharing our experience and knowledge, we win money from the stock market by yourself, not yours money. Please respect users here, thank.

the above are based on my 3 weeks experience and learning process, faithfully. Price reversal signal has occured, momentum went back and MACD shows buy signal. If traders based on technical indicators are strong enough, price will reverse, otherwise it will be struggling between 0.06 and 0.065 like what past historical price shown

people who are quickly sold their shares at 0.065 are panic selling and cut loss strategy for intraday-traders, they are discipline and they're right because the share price doesn't move once it stick at 0.06. Force selling will be at 0.06. Buyers will gain control in eventually because there's a cycle, sellers quit and whether the price move upwards or doesn't, it's really depends on how buyers are going to play the game or wait for the another report that will be announced next year

be honest, my opinion is if there's no sellers sell their stocks at 0.06 partially/fully fulfilled the demand quantity at 0.06, its very hard for the stock price to move. Force selling means they are hodling the stock for too long so they wanted to sell them off and move on to the another target, which is more able to provide them short-term profits instead of holding a low momentum share.

I'm new in stock market, just 3 weeks and I'm day trader, that's why I'm being impatient in this stock since I don't want to loss brokerage fees

sometimes it depends on how the market react and big players as well, like glotec, after net losses declined news released the share price increased, thing happnes in the contrast way for Ingenco.

I just simply guessing, in stock market, no one able to predict what's happening precisely. Market sentimental always reflect the true price of the stock but you may not wrong in that way, market reaction can be an adverse to you even you analyzed correctly.

for current conditions, buyers are in control because there are buyers bought at high volumes. So, they key is depends on those 'people' whether are they going to push the price up or still wants to buy some cheap stocks at 0.06, fake BQ is for sure.

those people sometimes can be buyers and sellers at the same time, made loss for causing panic selling but eventually will earn more than losses because buy a lot at lower price and selling at a higher price

just feeling beh song because the price was being pulled down purposely. Actually you all can observe when the share price stood at 0.065, panic selling happened, there's someone buying in a huge lots from sellers, that person was sapu-Ing cheap stocks and selling at another price level.

don't worries, those are fake volume in order to decline the share price

ya, same as vol at 0.06, but still people selling at 0.065 =)

it's obvious this stock being manipulated after what I saw just now, purposely dragging down the share price

yeah, I bought at 0.06

one thing I believe, ppl won't buy if 0.07 has overpriced, those who are selling at 0.065 must be being impatient, ppl who are willing to line up at 0.065 is to get a cheaper price so that they are able to sell at 0.07 easily.

it's considered as good, like glotec and its past history, share price will increase

trust me, net losses has decreased 3 times, should buy this stock, it has undervalued

the company's profits in increasing as compared to every quarter reports released

yeah...it's accumulating at 0.007, once the news released it can shoot up like previously

It's going to 0.075, target price would be 0.085