Too many rolled over. maybe too many speculators heard that it will be good, so buy early wait for good opportunity to sell. I think M3 is 1. The expected good results is already reflected in the share price. If not, any insiders will wallop the current low share price & wait for the appreciation. Let's put it RM5mil profit, current price already reflects rational PE ratio. Unless the company can do wonders like street magicians -- create something out of nothing, that's the maximum profit it can generate in the coming one two years. 2. Without any corner investors / syndicates working behind, the share price simply cannot move up fast. I think the big boss's reputation isn't generous or friendly to the market players. He may not even want to see players make more money than him, a typical "kiasu kiasi" thinking & attitude.
The retail participation in M3 isn't very high & active. Some bought at 14/15c then just wait, hoping for a contra play. Big guys behind aren't pushing it fiercely yet. I see the counter will remain sluggish in the coming days for T3 & T4 clearing. After which, depends on the sentiment again.
Over the weekend, the warrant specialist Master Voon has recommended M3 W. After 3 trading days, the M3 W has gone up by one cent saja. Either Master has no influence in the mkt / or he has a bad reputation for selling once published article / or retailers hv no interest in this counter / big players yet to play / the integrity of the big boss is in doubt by the mkt...
could be a good stock in coming quarter, but too long time no movement. time is money, i dont want give myself a long term investment excuse, i prefer a long term investment with 0.5% everyday, rather than 0% everyday.
M3 yet to attract a broadbase retailers. Yesterday some rolled over, I believe today will happen also. Why roll over? Punters buy in bulk hoping to contra for a profit. Hehe, I think they can continue to dream.
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....
Huatshare
145 posts
Posted by Huatshare > 2017-12-28 11:05 | Report Abuse
Hopefully is a good share