M3 replied UMA with a standard reply. citing nothing is unusual. To me, M3 looks like a margin forced sell or major shareholder cash out. My wild guess is whether that person under Malacca Securities, was made margin call or not. We may know if a change of shareholder's holding is announced. If this is true, M3 has reason to be another potential star performer later this year or next year.
Wait till its calms first. If your guy catching knife maybe, maybe tomorrow a little bounce back before drop again. The worse case tomorrow still dropping like mad.
there is nothing unusual on this counter....today is margin call and those retailers today not knowing what happened on the sharp drop cut loss today thinking it is some bad news...syndicate press down the price and sapu all today....prepare for hard rebound tomorrow
Awangtoklah : close monitoring tomorrow.or maybe wait for it to stabilize.nobody can tell which price is the best and don't listen others to buy buy buy.just make your own judgement.if you make lost nobody will suffer except yourself.dead cat bounce may happen but when,I cant tell.maybe tomorrow maybe day after tomorrow.we'll see.
Sharp downtrend is an opportunity to buy , an immediate resistant to take place b4 it go lowered . Buy with opportunities of weakness by 2morrow and sell to sustain immediate profits and not to be greedy and keep for long term investments which holds no bars !
@richkid, I have only one account. I am your friend and will not offense you with that kind of words. We trade with our own decision, no one to be blamed of.
Maybe the 5 individual last time also buying m3tech share, now selling at open market to cash out. If this is the case, once they finished selling m3tech's share, we will expect to see the price rocket up. (i make story)
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untOngMariXutOngLari
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Posted by untOngMariXutOngLari > 2016-06-08 17:22 | Report Abuse
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