Iris opened gap up but closed red with high volume is the indication of big players are dumping the Iris shares, daily chart shows neutral but weekly and monthly charts are still showing strong buy signals, tomorrow is a crucial day, if today again closed red with high volume, the daily will be sell signal on Thursday and if still close red on Thursday then it will be strong sell signal on Friday.. Beware...
----------- quote -------- Stock: [IRIS]: IRIS CORP BHD
Jan 30, 2021 2:01 PM | Report Abuse
As per my calculation . if based on forward eps 2 x pe 20, the fair value of IRIs in 2021 only 0.4. Think about that.......... -------- unquote --------
After you epf become significant share holders then you will know the price is expensive :D this process almost alike myeg still is a penny stock ten years ago
Posted by Investgaogao > Feb 2, 2021 8:26 PM | Report Abuse
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
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those FM playing not with their own money.. anybody can do that. they just buy stock at their whim and fancy.. winnig or lossing not a big deal, they still getting fat salaries.
Before open counter this morning at 8.30am.you should look at the que buy & sell. This morning you can see que for buy @0.735 @5000lot++.but sell que is @0.4@3000lot++. Meaning that many are waiting for sell on news. Different with toyoventure previously. When news came out.at the morning before counter open. Buy que @limit up&sell que also around there. Also iris has big cap. Like a big ocean.quite difficult to push the price up.really need high volume to push up the price.
Shark accumulated since last year, today cash out with at least 180% profit.. once they finished price will sideways till NIIS revenenue captured in Q121 result which is out in May 2021.. till then, better park ur capital at somewhere else.. hehehe...
I’ve been keeping this counter for about seven years already n will continue to keep it until it reaches my target price of ..................surely will reach one day!
Today's blood bath is the work of the syndicate to buy our shares at cheap price. We must have the strategy and spirit of our Bursabets Retailers. Most important is to hold the price. If goes up, don't spend all the bullet to chase. Save bullets for 4.40pm to 4.45pm to make sure the counter close green every day.
Yesterday high volume due to dumping of Iris shares by big players for profit taking and hope to buy back around 0.25 to 0.35...beware, another point could be the Iris management press down the Iris share price for the fund raising exercise like private placement, Esos or SIS scheme.. Beware...
Billion is lots of money! More importantly it allows Iris to beef up its capability as it develops NIIS! The resources, experience, and knowledge can be reused in other projects and generating more profits! It's not just one billion project.
Today hot money is taking profit and Banker's Chips is dumping and trapping all the genuine retailers, once the initial support at 0.365 is broken, there is no chance to recover as bearish trends has started, the next support is 0.295... Beware...
no more catalyst for this stock... it will be on downward trend albeit slowly..... remember klse is casino... all high rollers are gone to other table. hahahahaha... those big gamblers bought at 20 sen.. they are cashing out now... it might have another round of high volume of dumping soon.
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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....
oskchoon
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Posted by oskchoon > 2021-02-02 20:29 | Report Abuse
Iris opened gap up but closed red with high volume is the indication of big players are dumping the Iris shares, daily chart shows neutral but weekly and monthly charts are still showing strong buy signals, tomorrow is a crucial day, if today again closed red with high volume, the daily will be sell signal on Thursday and if still close red on Thursday then it will be strong sell signal on Friday.. Beware...