Funny u all believe some report from a stranger with good English. So easy to con Malaysians. Get burnt and learn lesson from this counter. Won't be the last.
See Jovin says will investigate why vivocom go belly up suddenly and comment b4 midnight. I think he will say vivocom gearbox already jammed, gear 1-5 all jammed due to moving forward too fast, so now only can use reverse gear.
TG tomorrow probably is going to limit down as well. But at least it has a valid reason. Vivocom just couldn’t come up with one reason. Saw a guy posted his losses on Mr Bursa page, I can feel the pain through my monitor. Feel bad for all the people who trusted these mtfk.
I wonder who so big cash out if not the boss cash out. Cb kia let us fly Abit more la. Hope they done cashing out then I can continue to collect more :) I know the boss is not done yet. Usually after limit down got rebound around 15%, I will eat your 15% and have the final laugh.
First of all, here are my humble observations for today.
Today’s sell down was purely a snowballing effect phenomena: 1. When Vivocom’s support was breached today at RM1.50 due to T2 force selling, all hell broke loose because of one simple overriding reason called fear. 2. Rumours of Vivocom being a pump and dump play becoming self-fulfilling due to snowballing effect again of fear creating mass panic selling. 3. As I have touched in my 21 Nov 2020 article: I talked about trust and belief. 4. When everybody does not have trust, this becomes an impossible scenario because with a little bit of shake down, investors start to panic sell due to herd mentality. 5. When more and more investors start selling, the snowballing effect took hold eventually causing a panic selling leading to a limit-down. 6. When Vivocom touched limit-down, it rebounded, but the rebound was unfortunately short-lived, again due to the same reason: fear.
Today closed at limit-down, I took time to read through my analyses since 6 Nov 2020 to self-check.
My conclusion is: I stand firmly by my analyses.
I might need to revise my target price, but I stand firmly by my investment thesis: as long as the moratorium of shares is in place, I still think this is a winner. Simply a function of supply and demand in a calm environment.
Yes, the demand has in all likelihood diminished, with confidence and trust shaken but given time, the confidence shall return and we will see the share price surge again due simply to demand exceeding limited supply.
Today supply didn’t overwhelm demand. But panic selling took hold and demand just calmly absorbed all selling at lower n lower levels until Limit Down. Even at limit-down day, the buy up rate was at 41.5%
In closing I urge CALM, and let’s look at the technical side: daily chart shows immediate support at RM1.20; RM1.00; RM0.75
The bulls are still around collecting, regrouping, recalibrating and resetting price expectations till it’s time to rise again. Staying power is critical in a scenario such a today.
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....
SpeedNpower
592 posts
Posted by SpeedNpower > 2020-11-23 19:40 | Report Abuse
Funny u all believe some report from a stranger with good English. So easy to con Malaysians. Get burnt and learn lesson from this counter. Won't be the last.