Kgroup trap a lot of contra players and contra players will have to sell because contra are people who bite more than they can chew. They have $100 in the pocket but they buy $1000 worth. And when it drop they cabut at any price because they have no money to pick up. They just got $100 to burn in losses.
so now the price is at the rights issue/offer price of 0.05.. those subscribed the rights issue didnt get any discount yet paying more...'OR price bought + offer price of 0.05 > current share price'. :( the only thing get for free is the new warrant. :(
If this few day also can get at 5sen u will hard to get when new warrant out cause it. At be slowly climb up back and have to wait March finncial report out see it what condition
If you all really wanna buy in, don't rush to buy in morning. Try Buy after 3pm ! Always huge volume selling down in one time after 3pm. I already noticed these happened few days already... Let's see tomorrow 3pm again !
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....
Woo Kok Keong
394 posts
Posted by Woo Kok Keong > 2017-05-03 14:53 | Report Abuse
Now die is contra player , after finish pressure selling sure rise back
between 6.5-7 sen