Why the new PooSee CEO decided to remain silent? At least give some comments laa on his new position.. current performance, future plans.. anything.. for a start..
Yes, at least ppl hv confident for ur company, what to do in current moment, keep silent is useless, better face on it, even u all r now under discussion also can let ppl know Mah... Then ppl know ur company future...
Staying idle at the lowest price ever in years with negligible volume. Come on PooSee.. what happened? Now oil prices up.. ringgit up.. its time to fly laa..
The problem with PUC is the person at the helm.. imagine a driver of a car.. can go fast or slow or even stop.. the rest are just passengers.. hope you understand ya..
I am a genuine trader same like you in this very same boat. One of the reason why PUC keep on low price even though bullish news are everywhere, is because the presence of syndicate (a group of people who sama-sama pakat to speculate a stock. They consist of people with some capital, but combine together, they can rival even the institutional traders) who keep the price low so that people who hold the shares will become desperate and forced to sell at lower price. And this syndicate who only know how to take advantage from genuine traders will happily buy the shares from the desperate people who let go. When they think they have enough shares, they will start stimulate the stock, make the stock seems active so that new traders will flock in, and wallah... the syndicate now have keen buyers who wants to buy the shares. They will take profit a million from the shares they took from the desperate traders before.
How they keep the price from going up? They buy the shares a lot and then, hold them so that the price won't go anywhere. Some impatience traders will eventually sell. And they buy. And then, they pour the queue with high request volume at lower price, to shoo away other traders who want to get in, thus trapping the traders who already in. Then, they keep on asking at lower price until eventually traders become desperate and sell, thus making the price lower and lower.
You can easily see this at bid queue.
However, the traders who still hold the shares also know, that PUC price now is too low, far worth than its actual value. Traders also have their own patience, that enough is enough with this syndicate. Therefore, even though the syndicate keep bid the shares at lower price, the smart traders know its not worth it, they don't give in, they hold the shares and won't sell. They fight back the syndicate.That is why you see that a very very strong support is found at RM0.070 as this is the level where the traders think low enough. So far, the syndicate cannot force the price to be lower than that because they cannot force the traders to sell lower because the traders are now fighting back.
There will be time when the syndicate themselves will give up. By that time, they have to let the price rise back up. I cannot say for sure when, but from my estimation, maybe within 2 years or maybe until the world economic recession recover.
Please be careful when you want to trade a stock that is RM0.120 or lower, as these stocks are easy prey for the syndicate. With cheap shares, its easy for them to buy large and lock the stock from following the market trend.
I urged you guys not to let the syndicate win, because if you do let go of you shares, the price will fall even further, more people will get hurt and the worst of all the syndicate win.
i agree with nadjmin.. but so long as there are still people throwing at 0.75 then it is difficult for the price to climb back. weak holders will press down the price. Need to also wait for new development after change of CEO
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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....
timed
152 posts
Posted by timed > 2016-03-09 15:41 | Report Abuse
same with you scarlet. 2k plus paper loss now :(