Today is already T+4 for 28/12 with highest transacted amount of 59.30m.
Using Lcy98 way of thinking, if u look at the buy rate at 26/12 (72%) and 2/1 (73%), what would u expect for 8/1? Would it be another high buy rate? I dun know oh...
He's talking bout the 18.4M shares@0.355 bought on the 28th Dec. and assuming all bought on contra, hoping to spark off panic selling. Notice that there has been heavy accumulation past two days with price being controlled in the 0.33-0.35 range. Something brewing?
Then today is already T+4 for 28/12 loh. Tomorrow T+5 mah...
In fact, yesterday 3/1 was the lowest accumulation. Buy rate below 50% and total transacted amount rm8.1 million only. If u see 4 days b4 3/1 which is 27/12, that was also a day with low accumulation, also buy rate below 50% and total transacted amount rm12.21 million only.
Based on this "pattern", today is a pick up from yesterday's low. What could be expected for Fri and Mon? Note that Mon is T+4 for 2/1 with buy rate above 70%...
I'm guessing it's still relatively up in the air now and everyone else guess. Subject to a few moving parts (i.e. Listing potential of Pictureworks - which can work out to 90+ cents if they achieve US$1bn valuation, Tencent rumour partnership which can take-off well, etc). But PUC's deal on the Pictureworks acquisition looks attractive to me, e-wallet if takes off will be a game changer. All about execution success
And to add, those P/E ratios will not be the basis to gauge for now. Like how Facebook, Instagram etc. People buy for the future earnings potential....
This counter still has long way to go. For the past 21 days, it has gradually go on the upward trend. The Low is on Higher Low.... Not a counter for Contra play.
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....
ppfoong
130 posts
Posted by ppfoong > 2018-01-04 17:25 | Report Abuse
Show u something:
Date Buy Rate Transacted Amount
==== ========= =================
4/1 ___ 51% ___ 19.47m
3/1 ___ 44% ___ 8.10m
2/1 ___ 73% ___ 18.90m
29/12 ___ 50% ___ 24.35m
28/12 ___ 69% ___ 59.30m
27/12 ___ 48% ___ 12.21m
26/12 ___ 72% ___ 20.58m
22/12 ___ 62% ___ 17.33m
21/12 ___ 68% ___ 37.04m
Today is already T+4 for 28/12 with highest transacted amount of 59.30m.
Using Lcy98 way of thinking, if u look at the buy rate at 26/12 (72%) and 2/1 (73%), what would u expect for 8/1? Would it be another high buy rate? I dun know oh...