I have been trap by INIX, SANICHI, DNONCE before, they will never let you earn money after right issue. they will sell before you can sell your right share on 25 aug. when the time you can sell your right share the price already below your cost 10cts. sell mother share now and buy warrant on 25 aug @ 2.5-3cts
I said trap...everyone laugh...call me joker. Now who is the joker still buying ? We are here to share. To warn our fellow investors. We try to help. We are also sad to see people losing money. Because we got burnt before. We share the experience.
Rights issue oversubscribe bur with small margin. My bet is they have to make sure price at least above 10cts. But the prob if they also get free warrants. I just paly average down for the time being to lower my abp. Looking strong at 095. Cheers
i also got the same case like kenny5978 bought at 0.15 but my remiser told me that i need to buy at lowest price back to make the margin become small..
Might go lower and lower after rights issue. Conman counter. Dangerous counter. But if you can catch their up wave then ok. If you chase and catch the down wave habis...left underwear.
You can see how many greedy people get sucked inside the black hole. 9.5 sen kept selling ....finished already...still got more...kept selling...how much can you buy? Later it will drop to 9 sen. Trap you. Just like what happened to those who chased at 14 sen. Kept buying...suddenly 14 sen looks like habis...suddenly 13.5 sen came...all 14 sen trapped...forced to sell at 13 sen...see? Later all the 9.5 sen will be forced to sell at 8 sen.
My suggestion is wait for the warrants. Sell mother and buy warrants. As the warrants are cheaper, it will be likely to increase faster in terms of percentage. 9.5 sen can buy 100 lot of mother but can buy 300 - 400 lots of warrants for example if warrant is 2 - 3 sen. If warrant increase 1 sen then equivalent to mother increase 3 sen. Just sell mother when got chance. That is why you can see a lot of selling slowly bringing mother down. Because they want to use the money to buy warrants.
My advise is from my own experience. This counter is highly volatile. It can go up and down. Another way is to hold and wait for it to "goreng" again back to your price. But with the listing of the new warrants, they might goreng the cheap warrants instead. So its all depends on the syndicate. We are just waiting for their next move.
Everyday suck people in. Yesterday suck people in 9.5 sen. Today suck people in at 9 sen. These are professionals. They make it look so easy when you thought...hahaha 9 sen is a bargain. You buy and keep buying...slowly it change to 9.5 sen...you said hahaha...now I earn 0.5 sen...but you cannot sell because there is a big queue at 9.5 sen blocking you...so you thought ok hold first...then 9 sen came back you can't sell...then you wait...wait...then it changed to 8.5 sen...trap you at 9 sen.
Yesterday the same batch of people was laughing buying at 9.5 sen...and it go up and down to 10 sen...then it go back to 9 sen. So many rounds...of sucking people in ...started from 14 sen. So may people trapped at 14 sen, 13.5 sen, 13 sen, 12.5 sen, 12 sen, 11.5 sen, 11 sen, 10.5 sen, 10 sen...9.5 sen...and now playing 9 sen. So professional. The pattern is clearly good to attract people in.
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....
muknike
201 posts
Posted by muknike > 2016-08-22 16:26 | Report Abuse
buy at 0.15.. now drop to 0.11.. nice..;(