Any stock if overheated up is too hard to stabilised its stock price. When big funds started to accumulate massively , every 1cent uptrend will meant a lot in terms of the numbers of shares they bought...... meaning every 1cent uptrend selling pressure will dominate to suppress the price , unless , on the other hand, with huge buying interests by syndicates to absolve with different sentiment towards the stocks that may eventually trade higher.
Revisit this counter today. Looks attractive at current price but I will rather wait for a while as : 1. tooooooo many speculators and punters still in this counter, let clear them first 2. fund manager is waiting for 1Q FY20 to make decision 3. ESOS shares listing 4. Holiday mood, window dressing for this connter? I doubt.
Just 2 cents my thought. Haha. But please don't take my thought seriously.
Below 90 cents joined the buying fray just similarly like uzma, htpadu and dsonic when price drop too low suddenly spike up . Buying price retracement is better than chasing the dragons uphill price with more risks incurred .
URUSHARTA JAMAAH has 17.3 mil shares even higher than NIKON had (9.3 mil), If they unload it in open market, maybe we can get the same price of 75.0 sen that the management got.
They try so hard to push that high, it's not gonna come down that much as it will be a waste for the previous push. Anyway, I see that selling in the past week was so different from the Nov selling
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....
yorkyork
2,770 posts
Posted by yorkyork > 2019-12-18 11:48 | Report Abuse
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