Despite clinched the award, no real positive impact for the counter, market at forever sideways, now gravitate south abit, may be cny sell pressure. Mayb all are awaiting 30% pp deal done first to elevate fear factor. The faster the better. The right signal.
Go check at hartalega at this moment, the volume number for each price level is around or less than 1k, and dynamics, always changing, this is called the genuine of matket trading.
Deal for remaining pp come closer to closing date. One entity got to buy huge at the open market now till it move to offered price. May be. So the dump obviously benefit them alot, till the price around 0.160, they can sell the open market equity eventually, hold long the pp with them
It is verily insane for any entity desire to acquire pp at offered price 0.160 against the current yo-yo market price lesd than 0.100. It is also ultimately beat the genuine purpose if orion to discounted it' remaining pp to 0.100 either by mutually agreed with the acquiring entity or any other due process accordingly. Thus current market price is artificially low and technically will trending up in due time.
Provided fundemental is getting stronger, that reach to the investors and retailers alike, more players to come and sitting firmly here. Also awaiting Indonesian market venture did materialised.
Likely today big one is collecting beating sporadic dumping. Tomorrow see similarly follows? Then expect trending up persistent daily, bcos it is big one underlying strategic buy regardless dumping headwind hit hard. Yet be cautious to queue at low buy in case dumping is too strong.
That's a miracle, soo unnatural that maybe not soo fast. Hope for the best though tomorrow and the next, next day till the pp deal done coincidally there around 0.175 before the closing date and finally see flying to 0.200.
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....
CS
108 posts
Posted by CS > 2020-01-21 15:44 | Report Abuse
surprise that ORION has not drop to 60 today.. =O