The price of Iris is better off without the billion ringgitv contract Umno guys must have unloaded all Iris shares at the opening. Sorry for those who hantam at opening expecting a Limit up . Game over.
@pensellor just a heads up, any future huge projects don't buy when news it out. How the market is, is that people tend to buy during rumours. Since iris was already rumoured to be a front runner, there was a rise already. therefore, the price has factored in that hey have got the project. tmr probably a rebound :)
If you can afford to hold, then definitely hold. Though I would suggest you to draw a line for when you need to cut loss. In the event that it does continue dropping.
Since even world class guru predictions are nowhere near 100% accurate, it is pointless to ask anybody here what will happen to IRIS tomorrow.
IMHO the correct question would be, How long can you hold? If it's beyond T3, then hold and see whether the uptrend will continue. Or if you can't hold, then too bad, do what you have to do.
One piece of advice for your next counter, Cash is Power. Cheers..!!
IITS, together with many other local and international companies, participated in an open tender process that started with the issuance of a Request for Proposal (“RFP”) by KDN on 23 May 2019.
Pursuant to the RFP, IITS submitted its proposal on 19 August 2019. Thereafter on 16 January 2020, IITS was invited to participate in the actual tender for the Project. IITS submitted its tender proposal to KDN on 4 March 2020. The Board understands that more than twenty companies participated in the tender.
The Project was awarded to IITS as the sole recipient on 29 January 2021.
i found it highly suspicious when 280mil shares are Dump in just one hour today morning. Every Ikan Bilis was looking at 50cents and above But ended up at 39cents
really suspicious, 1b contract is the best deal a company can ever prayed for under this situation... Yet big dumping, if you are the big holders why on earth want to dump? Unless there is something fishy that we don't know..
Kenny, buy on rumours and sell on news but private placement is on the way, share prices have to press lower, you have a good point if again tomorrow prices drop down another 10 - 15 %, then you probably is right, private placement proposal is on the way, beware...
If they didn’t get the project, all the doomsayers will say it’s the end of the world. Now they got the project, almost everyone still taking about doom and gloom, just cos it dropped today.. btw, have u ever heard of profit taking?
Those ppl sell on news are trader or short term players, they aim not to hold and wait for dividend... Different if you are institution players like our epf and fund management company
This project sufficient enough for iris self sustain at least 4 years. Without any worry, the average revenue is higher than current myeg and the profit margin similar like myeg
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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....
interferens
52 posts
Posted by interferens > 2021-02-02 17:25 | Report Abuse
IRIS has become fried chicken!
https://ibb.co/bv8jPdb