I cut loss 4 times + 1 time same price in PNEPCB and PNEPCB-WB.
I strongly believe I have overlooked many things in this operator action. Hereby, I invite your inputs and I wish to learn more to avoid future mistake.
If you continue to punt on these type of counters, you will lose your life later. Some of these operators are very experienced and knowledgeable in this type of playing environment. You cannot match them unless you have few million ringgit to move in and out each day.
I never trust limit up stock & usually sell the next day so when I saw from the corner of my vision(was paying full attention to my Engkah & Paragon) that it shoot up on Friday, I thought to myself: "They're ready to DUMP!"
The reason I was noticing it at all was that I had sold my old shares bought way back in 2003 for what I'm estimating is an adjusted cost of 75c. It was in paper losses from the day I bought it but because only 1,000 so I just left it in cold storage.
Then in '13, I notice they declared a 1c dividend so I bought another 7 lots to collect. After getting the dividend I sold in '14 for a nice 50% gain & just left the 1 lot I bought in '03. Almost forgot all about it until I remembered last year after the Covid crash that I had this share. To my delight, I also had some free warrants that I wasn't aware about, so I waited until July, but since the price went nowhere I sold first the shares @ 1.03 & then the warrant @ 65c, getting back over $2,600 for an investment that cost me about $1,530 originally 17 years before.
I sold because it's corporate performance was quite terrible since at least 2001.
So I didn't even bother checking last week WHY it went up so much because I thought that since I was out, though early, no point going back in.
Only on Friday did I take greater notice because it was #1 in Volume.
I don't consider myself well versed technically in stock market, but unbelievably has won few times both in Trive (possibly one of the worst counters) and Vivocom (known for its badly tarnished image and propped up story prior to goreng once every few years).
Just die die hold, dare to average down (need some risks and planning) and there you go, beat them at their own game in this puppet show for the ultra rich elites.
Nice analysis! Definitely some warrant dynamics going on here. Interesting that the original #1 shareholder since its 1997 listing, PNE Industries sold all their shares last year at around 25c.
Only the operators know how far they intend to push the price down but if they're collecting WA to convert like you said, it would seem pointless to push too far below the current level since they premium would be too great. Maybe it's a massive short-selling operation going on as well, but the shareholder list shows no big shareholder among the Top 30, so there may be a lot of collusion among some of the Top 20.
Posted by dompeilee > Jan 16, 2021 6:36 PM | Report Abuse
Nice analysis! Definitely some warrant dynamics going on here. Interesting that the original #1 shareholder since its 1997 listing, PNE Industries sold all their shares last year at around 25c.
Only the operators know how far they intend to push the price down but if they're collecting WA to convert like you said, it would seem pointless to push too far below the current level since they premium would be too great. Maybe it's a massive short-selling operation going on as well, but the shareholder list shows no big shareholder among the Top 30, so there may be a lot of collusion among some of the Top 20.
kakduit you 1st day 2021 didnt follow the believe must have at least 1 transaction earn money one. thats why you lost 5x . correct?
duitKWSPkita I cut loss 4 times + 1 time same price in PNEPCB and PNEPCB-WB.
I strongly believe I have overlooked many things in this operator action. Hereby, I invite your inputs and I wish to learn more to avoid future mistake.
I count on you. Thank you very much in advance 16/01/2021 5:33 PM
I enjoyed the thought process of KimHock and Duit. Let see whether the shrewd operator continue to dump next week.
Well, sometimes I was asking myself the Regulator only query when the price spike. Should they query when the price go south by sudden big volume. Just a two cent thought.
Another thing I would add is that : from last year's evidence, they knew many gambling addict aunties & uncles are ever ready to JUMP on the next "glove" counter, so they set the perfect trap for these ppl =)
Some signals you must observe before the buying is real.
Buy rate drop into <39% ; mean they dont buy back (when buy back they are protecing the chart and will throw more)When buy rate low, the volume suddenly drop below 70% of last 5 days volume. Expected fall out of Top 100 most active page. Low volume with low buy rate can hyphothesize seling is about the end.
ME : STAY SAFE AT HOME especially during crocs s mating seasons, kikiki !
Trade the 1 we can read Avoid the 1 we are hardly to understand.
Thx duit gor gor s free x-ray scan and translate for that blurry road sign board from India language to common language c/w nice educational cartoon pic to ease the complexity.
Yes.. My biggest exposure still at Mestron... Ini PNEPCB for research and speculation.. But I truly surrender liao
Posted by VenFx > Jan 16, 2021 7:38 PM | Report Abuse
Some signals you must observe before the buying is real.
Buy rate drop into <39% ; mean they dont buy back (when buy back they are protecing the chart and will throw more)When buy rate low, the volume suddenly drop below 70% of last 5 days volume. Expected fall out of Top 100 most active page. Low volume with low buy rate can hyphothesize seling is about the end.
ME : STAY SAFE AT HOME especially during crocs s mating seasons, kikiki !
Trade the 1 we can read Avoid the 1 we are hardly to understand.
This pighead Indian boy was telling you his mother is a woman..lol...
Posted by VenFx > Jan 16, 2021 7:38 PM | Report Abuse
Some signals you must observe before the buying is real.
Buy rate drop into <39% ; mean they dont buy back (when buy back they are protecing the chart and will throw more)When buy rate low, the volume suddenly drop below 70% of last 5 days volume. Expected fall out of Top 100 most active page. Low volume with low buy rate can hyphothesize seling is about the end.
Duit gor gor my 2019 watchlist Has been hijacked by Tom aka kimly2 at massively
How dare I expose my 2020 list ? My thoughts very simple and straightforward one, Hoot9 and reap kaw kaw to all the glove & masks counters nearby its 240ma ... Then, deploying 40% from the profit to buy all the mco kena hamtam badly counter (only buy those good management practice company or monopoly one).
Duit when you start pumping pls let me let me know in the morning, with a special signal both of us only understand 1. I want to intraday contra, holding will cause other opportunities... Thanks...
kakduit confirmed chopped holland king no 1. but I like it. from 2019 experience when you went to holland sure will bring tulip flower back home. Correct?
akar boy scenery is well known holland king killer right. when he condemn the ctr it has no chance to survive. so avoid the ctr lah. sure mati kudasai one lah. masuk longkang macam bau taik like him lah. correct?
gohkimhock If you continue to punt on these type of counters, you will lose your life later. Some of these operators are very experienced and knowledgeable in this type of playing environment. You cannot match them unless you have few million ringgit to move in and out each day. 16/01/2021 6:14 PM
Wrong...when u put few millions RM in this kind of counters u can hardly run
Last but not least, for those who are stuck in PNEPCB or its WA now, good luck to you....u may have to wait for many many years to escape fm this counter....or u may not escape
What the heck! Duit, this pump n dump is so common nowadays in almost all penny stocks, n the it has been going on for decades, you sound like you first time knows about it n wasted so much time to analyse it.... lol....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2021-01-16 17:33 | Report Abuse
I cut loss 4 times + 1 time same price in PNEPCB and PNEPCB-WB.
I strongly believe I have overlooked many things in this operator action. Hereby, I invite your inputs and I wish to learn more to avoid future mistake.
I count on you. Thank you very much in advance