Short sellers are borrowing shares at 0.40 and buy back at 0.205, it is almost 100 % gains for the big boys and also make hugh profits from the short selling position.. Beware.. Beware.. Beware
So funny all the sozai here think can do Reddit GameStop. The company share too much and too heavy for retailer to move. All operator play. Bursa is not Nasdaq la aiyo pening kepala.
KUALA LUMPUR (Feb 3): The Bursa Malaysia Technology Index rose as much as 3.4% or 2.8 points to 85.18 points as tech counters were among Bursa Malaysia's top gainers this morning.
Five tech counters touched record highs this morning on Bursa. They were Malaysian Pacific Industries Bhd (MPI), UWC Bhd, Mi Technovation Bhd, Inari Amertron Bhd and Pentamaster Corp Bhd.
At the time of writing, MPI was leading the pack as the top gainer, with the counter rising 5.25%
Short sellers started to attack genuine retailers by pressing down selling prices from yesterday peak at 0.455 to today low of 0.37, a whooping 15 % profit for short selling.. Beware... Beware.. Beware..
When our government awarded Iris for RM 1.16 billions for 4.5 years contract yet the big boys and short sellers have no respect for the awards given to Iris instead they sabotage the integrity and the effort of the government body and Iris management by pressing down the share prices to show their discontent with the Iris winning the contract from the government authority... very disappointed with the big boys and short sellers...
I sincerely hope that Bursa and Security Commission will investigate the issue seriously and catching big boys and short sellers bring down Iris share prices on purpose... criminal intention to hurt the general public retailers..
Retail investors are always at the mercy of these rich & wealthy ppl who use Short Selling to manipulate the market to victimize the retail investors. It is a ZERO SUM GAME in Bursa investing and if all retail investors DO NOT REACT (i.e. either SELL or BUY) then these Short Selling players will EAT THEIR OWN POISON !!!
Ladies and Gentlemen, this is now a billion RM company, which opens the doors to many more billions. Be patient and you will be rewarded. Ask yourself is the share price going up or down. If you believe down, sell, if you believe up, keep. When going up up it will take a few U turns and have a few bumps. That is all !
Traders who bought for short term gain have left after making an average of 20% - 50%. The current buyers are collecting for the long term are aiming for 100% to 200%. However this group will hold the shares for long periods of time. You have to decide which type of trader you are for each counter. If you were in for the short term, then cut your losses and sell. If you got in for the long term. Just chill :)
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....
Pyh96
604 posts
Posted by Pyh96 > 2021-02-03 11:43 | Report Abuse
Whr is johnfarmer ????
Missed him