honestly today movement was really unexpected...even if ur very good in TA also caught unguarded. obviously many average down when it started to drop....really cruel operators
My observation: Every time when u see a warrant trading at huge discount (20+% this morning for WB), usually it is due to major shareholder dumping wholesale to suck in "bargain hunters".
The churning up of the mother share is to facilitate the above. I will not be surprised the major shareholder has disposed all the warrants today. Except for a brief bounce, if any, there is a good chance MMAG will be finito stock for a while.
Don't catch this falling knife and keep your fingers.
Need to screenshot of large amount of fake buy sell que by mmag operator and send complain to bursa and sc as a proof
In the past this manipulator can easily run away because there is no proof but now many can record the fake buy que and make it as evidence of manipulation of stock.
Heard it is illegal to manipulate the stock and block other people to sell and buy by using fake buy sell que.
Bursa should come out with rule that operator blocking buy sell que need to pay higher amount of fee according to their million of buy queue. Now when they put million of fake buy que they only pay only once broker fee charge.
That the reason this manipulator can make fake volume everyday because the fee is very cheap and the manipulator can cancel the order anytime after blocking the que.
@whiskeysea yes you are right.....putting order in and cancel when price almost reach is unethical practice....creating an illusion of support.......good if you report them
If history is a good guide, then it is difficult to catch them that way. As far as I can remember (since the 90s, and I am sure earlier too), such activities have been around, and I can't recall any big syndicates nailed.
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....
kringkring
2 posts
Posted by kringkring > 2021-03-24 21:56 | Report Abuse
helo taikos. want to ask i got buy mmag-wb. 0.140. any guess for 2moro ?