Sell down...

Yes, everyone must have a cut loss point even before they start buying. This will ensure they can make a decision whether to cut or not. Market is always there. This time the tsunami did not return and I think it is because Bursa's 3rd warning. Wong Ah Yong is gone hiding I suppose. If it keeps dropping please cut early. Have your own trading strategy. Manage your own capital. Good luck.

QR will be near end November.

Don't blame others....I am not the one asking Bursa to put a stop to the XOX strong bull run. I was caught also..We are all the victims. When things go wrong we like to blame others. Like I said be responsible with your own investment. Put a stop loss. Cut loss if necessary. Stock market is high risk. If you are afraid please put money in FDs. We should support one another in bad times.

Just sell if you feel it is not good anymore. No questions asked. It is your own freedom.
Exit cut loss and come back when the tsunami return or go to other better counter.
The market is always there.

Sell lah...no need to say anything. When the stock is moving up, the momentum was there. Suddenly you put a brake there...Bursa issued warning...train suddenly u-turned...nobody can control this. So far it is supported at 22.5 sen. The volume and tsunami is gone. You can sell or want to hold. Those who can hold long term, if the QR report is good, then it will rebound.
You need metal balls. I said TP 50 sen this year...now only Nov. Wait lah till Dec 31st baru tengok.

If low demand you won't see a huge buying queue...all waiting....looks like sharks...

The fall from 34 sen to 24 present a very good entrance point for buyers to hop in again. Buy back for a whopping 10 sen discount. Buying queue is getting stronger...it seemed the bargain hunters are queuing long hoping for a low price. People spread negative news...hoping to buy at the 20 sen level...but this XOX is a stubborn OX....it is rebounding at the 22.5 sen level...each time.

Low volume suggest the selling is already done and dusted...the bull is going to take control....Buying queue picking up steam....all parked with bullets loaded...ready to shoot...hope for the best! Monitor closely...if 24.5 sen is broken, we are heading to 26.5 sen. All the best!
XOX is still the cheap telco good buy for long term.

Ask you why people buy something with no value like a 10 sen coin minted in 1930? why is the price so high? They are willing to pay huge amount of money? You can say that 10 sen coin fundamentally worth nothing much...right? But that is the beauty .... XOX is a telco...and it is just selling for a mere 24 sen....Maxis and Digi already $5....XOX subscribers are increasing every day and coming up...people buy because this is a very potential stock....fundamentally don't look impressive...but the future is bright...a future IFCA in the making. Just buy and keep.

Watch for the show....The buying queue already increasing meaning the buyers are back.

Better watch closely....XOX buying queue is getting stronger. .....same pattern.....tsunami coming? Lets pop corn.....

Resistant at 27 sen.

Just be careful..so far no news..

Actually this morning it cross 13 sen...and this trigger further buying...but now it u-turn at the 13 sen level...so better wait for the confirmation. If fall below 13 sen it might drop further to 11 sen...stay sideline. Watch the show....

1st Resistant 26.5 sen. <-- saw huge sellers queing here
2nd Resistant 28 sen.

1st Support 23.5 sen. < -- saw huge buyers queuing here
2nd Support 21 sen

Sell if break support 23.5 sen. Sell signal trigger. Cut loss or hold.
Hold or Further buy if break 26.5 sen resistant. Buy signal trigger.
Note. Watch for volume. If there is no huge volume, the price uptrend / down trend might be weak.

Bargain hunters / buyers are seen waiting at the 20 - 23 sen level.
Sellers are seen waiting to sell at the 28 sen - 34 sen level.

If today close above 26.5 sen - 28 sen, the uptrend confirmed.
If today close lower than 23.5 sen - 20 sen sell and stay sidelined or bargain hunt depends on your risk appetite.

Good luck.

Sell lah...profit take first...money in hand better than paper gain... might drop a bit more before resuming uptrend...

Yes already 100% profit for some of them...

Yeah...smart...wait for it to cool down...too hot now...up too crazy yesterday. Profit taking now.

Yeah..better take profit...up from 8 sen...so can go down a bit before shooting...
same thing lah...capital reduction...sharks just pump up the price...
See above news...maybe wait for the next tsunami...just like XOX.

Stop loss at 13 sen.

We refer to the Letter dated 5 November 2015 from Bursa Malaysia Securities Bhd (“Bursa Securities”) in relation to the unusual market activity (“UMA”) of the Company’s securities on 5 November 2015.

In accordance with Paragraph 9.11 of the Main Market Listing Requirements of Bursa Securities, on behalf of the Company, the Board of Directors wishes to clarify that to the best of their knowledge and after having made due enquiries with the Directors, major shareholders and such other relevant persons, the Company is not aware of any:

1. Corporate Development relating to the Group’s business and affairs that has not been previously announced that may account for the UMA including those in the state of negotiation/discussion;

2. Rumour or report concerning the business and affairs of the Group’s that may account for the UMA; nor

3. Possible explanation to account for the UMA,

save and except for the following:

a. The Company had on 20 October 2015 announced the convening of an Extraordinary General Meeting scheduled on 12 November 2015 to table to its shareholders for approval the following Proposals:

Proposed par value reduction of RM0.15 of each existing issued and fully paid-up ordinary share of RM0.20 to RM0.05 each;
Proposed rights issue with warrants;
Proposed amendments to the Memorandum and Articles of Association of Ho Wah Genting Berhad (“HWGB”);
Proposed termination of HWGB’s existing employees’ share option scheme; and
Proposed establishment of a new employees’ share option scheme for the eligible directors and employees of HWGB and its subsidiaries (excluding subsidiaries which are dormant).
b. The Company is in discussion on the possible disposal of non-core businesses which are loss making. The terms of the possible disposal has yet to be finalized.

The Company will make the necessary announcement to Bursa Securities of any further material development in compliance with Paragraph 9.03 of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 5 November 2015.

Yes! Started at 8 sen..hahaha another durian runtuh...Buy lah....zbaikitree2...don't kacau2 me...hahaha focus on making money... Don't waste time attacking a person...focus on the stock.

Another XOX coming....Buy call!

Huge profit taking...

Huge selling...be careful..

XOX tomorrow's outlook and trading strategy.

Closed at 24.5 sen.

1st Resistant 26.5 sen. <-- saw huge sellers queing here
2nd Resistant 28 sen.

1st Support 23.5 sen. < -- saw huge buyers queuing here
2nd Support 21 sen

Sell if break support 23.5 sen. Sell signal trigger. Cut loss or hold.
Hold or Further buy if break 26.5 sen resistant. Buy signal trigger.
Note. Watch for volume. If there is no huge volume, the price uptrend / down trend might be weak.

Bargain hunters / buyers are seen waiting at the 20 - 23 sen level.
Sellers are seen waiting to sell at the 28 sen - 34 sen level.

If tomorrow close above 26.5 sen - 28 sen, the uptrend confirmed.
If tomorrow close lower than 23.5 sen - 20 sen sell and stay sidelined or bargain hunt depends on your risk appetite.

Good luck.

This counter...looks promising...at first....I bought 10 sen...I thought good bargain...then 10 sen finished, it moved to 10.5 sen...wow...I thought going up....then instantly...10 sen big queue came back again...increasing and increasing....then finish again....people start chasing...and all of them bought 10 sen....suddenly....it drop to 9.5 sen...and all bought 10 sen stuck ...a lot of them...now drop to 9 sen...and keep selling 9.5 sen... Keeps dropping....that is the problem...con counter. I don't want to play this type of counter. Same like MQTech, same like TMS, Flonic, Thrive...all big blocks forcing you to buy at 1 bid higher...and later drop...forcing you to hold the expensive stocks. So fed up with this pattern that I sold at 9.5 sen for a 0.5 sen loss. Case closed. Better go for other better counter. Don't like to be stuck inside this mud.

Sudah cakap berapa kali? This is Genetec pattern. Directors will start selling around 24 sen later let it drop to 19 sen...then back to 14 sen...and the process repeats...everytime is the same pattern. Last time they sell 24 sen buy back 14 sen for a 10 sen gain. Don't believe? See chart from Mac 13 2015 to Aug 18 2015 and Nov 10 2014 and Jan 8 2015...all same pattern.

How to play Genetec? Just start buying when it falls back to 15 sen...later prepare to sell again at 21 sen. Repeat the process every time.

Actually no news...just suddenly goreng...hope ikan bilis don't be too happy....might be trapped inside at 8.5 sen...later it might drop back to 7.5 sen... just watch the show.

Today's low volume and lack of movement indicated less sellers in the market. So buyers should be coming back to nibble as the dust settles.

To resume uptrend... the drop to 24 sen....suddenly rebounded back to 24.5 sen. There is some sort of support detected at 23.5 sen. So I think tomorrow will be an interesting day.

Coming....24 sen taken down...

Looks like bargain hunters are slowly coming back to support at the 23 - 23.5 sen level...look at the buy queue.

Yes, if I were the boss...I will suspend the counter....for me to get first hand information..hahahha...that is the advantage....if no oil found...I will suspend longer to make sure they drill harder to get the oil out...no good news...I want my stock to be suspend longer...because I don't want people to speculate negative and make my stock fall down further...at least by suspending the stock the price will not go down free fall...relax...think of the bright side...might be good news coming....

I still think the most important is still the QR report to be released this month end. If the profits are good...the price will jump. Not about the capital reduction. That one is just a gimmick for the company to get in more cash...invite more people to put more money to XOX and with that fat capital inside XOX will be able to expand their business and bring in more revenue.
The one thing that get me interested in XOX is the potential of this company. Maxis and Digi is already $5...XOX is just 24 sen...and many people are still skeptical about it.

Yes, we need people like eddy888 who can give precise information. Not just talk nonsense, talk negative and laughing at others. These negative people ought to be banned from the forum. We need everyone to support Hibiscs. So many people are involved here. Their family, their job, this company, the shareholders, everyone is looking forward to the good news.

Please don't laugh at people when the price drop or keep spreading news that is negative in nature. It is not a good thing to do. Lets all united and pray hard for the oil to be found and we yamseng together!

For bonus issue price will be diluted from 20 sen to 10 sen and you get extra units.
For capital reduction price will be increase from 20 sen to 40 sen but you get lesser units. On top of that you will be getting extra XOX-OR listed for you to sell in 5 days. If you don't sell the XOX-OR you can subcribe to the rights issue and get free warrants. As long as XOX is making profit, those warrants and mother share will keep increase in value. As long as you got faith in XOX business model you can keep for longer term.

Don't worry...pending announcement...if announcement good...you know I know... no need to talk.
Sometimes you might regret selling if the announcement is good. Don't jump to any conclusion.

I didn't cabut...I am still here. Nothing wrong to take a rest after the exciting run from 7 sen to 34.5 sen. Like I said many people make money and yet we have many people lose money. For a stock to rise from 7 sen to 34.5 sen...if you still tell me you lose money...I am sorry. Maybe luck is not with you. For me XOX is a very good stock to play. As always one man's meat is another man's poison. Be gentleman. When you lose, learn from the experience. Blaming others is not the way.
Good luck brothers.

@Taka....There is no good or bad...It is a zero sum game...you get the same value. Psychologically you get lesser...but that is not true. 100 lots of 50 sen is still equal to 50 lots of $1 right? Company is having this exercise to restructure their capital base and to grow stronger. Actually no harm if it is growing with more profit. Look for the coming QR report. This is gauge it's ability to move up higher. Stop believing about the share consolidation is always bad. See below definition.
Sometimes it is good for XOX. If QR good, price will rise. Simple as that.


http://www.investopedia.com/terms/c/capitalreduction.asp

DEFINITION of 'Capital Reduction'
The process of decreasing a company's shareholder equity through share cancellations and share repurchases. The reduction of capital is done by companies for numerous reasons including increasing shareholder value and producing a more efficient capital structure.
======================= =================================

Relax bro..XOX is still the best cash cow available. I think many are still here waiting for the signal to buy again. Currently it is trading side ways after the peak of 34.5 sen was reached. The critical support now is at 21 sen and resistant at 28 sen...which will determine whether XOX will move up or down. Any breached of 21 sen and below is a bit dangerous. But if it break resistant of 28 sen with big volume, we will see more goodies coming the way. Good luck. Trust your own chart and stop listening to bad news from people who only waiting to collect real cheap.

Volume is low but well supported at 24.5 sen. If support 24.5 sen broken, it will move back to 22 sen but bargain hunters will come to collect back for 2nd round. So monitor closely.

Ladies and gentlement.
Put this program in your brain for today.

Init.
price = 36.5;
Volume-at-hand = 500 lots;

Check_news.
if Suspend lifted?
if yes
set syspend_open = 'yes'
go to main
else
go to check-news.

main.
If suspend_open and good news ...remarks Hibiscs will FLY ....
perform Buy-faster
else
If suspend_open and bad news.. remarks Hibiscs will DIVE...
perform Sell-faster
end-if.

Buy-faster.
Buy another 500 lots at price equal or above price; Remarks Top up profit.

Sell-faster.
Sell all volume-at-hand equal or below price; Remarks Cut loss.
Go exit.
loop.

Conman company...trapped people at 10 sen....now moving down to 9.5 sen...same thing....what is this?

If no confirmation, and remain bearish just then cut loss if break support of 34 sen and stay out. This is a roller coaster stock. Be prepared to cut your losses small. Monitor closely.

Hibiscus is displaying something like an "unfinished" morning star pattern. If today close with a long bullish candle...then it is a confirmation that the reversal pattern to get the buy signal. Hope for the best! Chart never lies.

@hng33 congratulations for a few rounds of wining. You really know how to go in and out like a formula one driver.

Hope tomorrow should be ok. The resistant is still at 38 sen. Need to clear that. Support at 36 sen. Monitor closely tomorrow. Good luck.

Something very weird is happening here....Buy queue 5 million at 36.5 sen sell queue 573K only but nobody buy at seller's price....this is not right...Something fishy.

Buy at your own risk lah...buy small...nobody ask you to bet everything. Relax. 50% 50% only bet.

http://themalaysianreserve.com/new/story/hibiscus-petroleum-fixes-private-placement-shares-67-sen

The estimated prospective unrisked recoverable resources is between 8 and 15 million barrels of oil, with a good probability of success.”
==================
Buy and wait for the good news in 30 days time. If got oil, Hibiscs will fly. Private placement 67 sen...we are buying? 37 sen....no....latest update 38 sen...already increased 1 sen...