Thanks Agjl......I already made a lot of money on other gloves counters.....I bought a lot yesterday when ppl irrationally threw and I sold when ppl chased today.....hahaha.
@menort.... Got chance to sell better sell quickly. Inix is a scam pump and dump counter. 12/09/2020 12:44 AM
Pls avoid all counters in Bursa and not just INIX....all are pump & dump counters as well. Every single counter is a pump and dump counter......HLT they pumped and dumped from 90c until 1.26 ... limit up today.....TopGlove they pumped and dumped from 6.15 until 7.76.....Carepls from 1.91 until 2.51.....and don't forget Supermax as well....from 5.90 right until 7.50. Pls avoid also these pump & dump counters...... JCY from 64c until 74.5c.....LKL from 78.5c until 1.01....Notion from 90c until 1.06
So @menort.......what is your definition of pump & dump counters?? Pls tell us. Are Bintai....Solution.....GETS.....pump & dump counters also? I'm surprised why you only single out INIX.
Thanks Agjl.....sometimes I fail to understand those ppl....simply say 'pump & dump' without any basis at all. INIX was only up 3.5c....they called it pump & dump....whereas other counters were up and down by few ringgit.....but they didn't call them pump & dump....
YuHainTeck....to be fair other coubters that were up few ringgit there are actually actual earnings backing the rise even though the share price has over run its ear ings...but still their earnings are robust.....they are placing inix or xox as pump and dump is based on these companies are loss making for manybyears and did not deserve the run in its share price. They are not entirely wrong but they might have miss that part that currently the robust run in flove counters are also due to styndicate play....so all boils down to gow much risks one is willing to take...
Ine thing for sure, when they pump we dump . Howver, itsveasier to say than done cos most the time when they pump we also joint the pump until the greed overtake us and end up losers...
Based on latest QR, inix has Rm 600k total revenue. 600 thousand!!! That’s revenue not profit Cash balance RM 5 mil, and they announce the glove venture will utilize about rm 100 mil. Yes, they will get bank loans, but not at this ratio. Banks will want some capital from Inix, so until the capital raising is done. Then we can confidently say Inix will really start a glove factory Else it’s just hot air
Some ppl buy shares based on Fundamental Analysis.....some ppl buy shares based on Technical Analysis. If you want to buy shares based on FA....then it's your choice. I always buy shares based on my TA. As far as I'm concerned....the TA for INIX looks good and the upside potential looks very promising. I'm willing to take my chances. So far it looks like I'm on the right track.
To me....there is no point buying shares of good fundamentally strong company....with good PE and EPS.....but the shares are not moving and stagnant....eg like ARBB. It's better to buy shares of a loss making company but with very good TA ..like Presbhd. Its target price is just 15c but they managed to push it until RM1.20. If you based on fundamental you would definitely not buy Presbhd. I made a lot of money in Presbhd. As I said....I'm a contrarian...my bottom line is to make money.....and I always go against the herd mentality.
I totally can agree based on TA. With the rising momentum created from supermax and TG, all glove related stocks going to have a very good week ahead. But the company announcements on glove then vaccine then property when its quarterly administration expenses is only RM 400k is very very misleading You sound like a seasoned investor, maybe it’s good to have a TP based on TA for reading newbies. It’s not fun to be stuck at 80 cents for those bought earlier
Yes....based on my TA....of course I have a TP. My TP only suits me and may not be suitable for others. I feel sorry for those who have bought at 80c....bcoz I would never buy INIX at that price. To me below 30c is a good entry price bcoz at that level the upside potential is greater than the downside.
If I had bought at 80c.....I would have averaged down below 30c....so that my overall average price would be around 50c. Its much more manageable at this level.
0094 INIX, INIX TECHNOLOGIES HOLDINGS BHD - + Additional Listing Announcement /Subdivision of Shares 11 Sep 2020, 12:38 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Conversion of Warrants to Ordinary Shares No. of shares issued under this corporate proposal : 870,000 Issue price per share ($$) : 0.1000 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 365,180,312 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 52,329,360.200 Listing Date : 14/09/2020 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Based on TA....Triple Bottom already formed on the chart....now just waiting for a major trend reversal and challenging the 45c resistant level. Stochastics is still in the Oversold region....indicating a good entry point today. Strong rebound is imminent.
Lets just SEE who are the real idiots.....and who will make money in this counter. The real idiots will be those who make stupid comments without knowing what's going on. They will forever be spectators......envying others who dare to pluck up the courage and take action.
Buying and selling shares in Bursa are purely based on rumours & speculations......those who know how to take advantage will prosper.....those who chase high will get caught....those who buy low will be able to ride along..... I didn't buy INIX based on what they want or intend to do.....be it gloves.....vaccine.....or whatever......I bought INIX purely based on my analysis on their TA and candlestick charting and also based on people's behaviour. Being a contrarian....the more people talk bad about INIX.....the more I want to buy.....LoL.
I was one of the unlucky newbies making the mistake of entering at 84c hoping for a quick scalp, I’ve taken it as a good lesson n I’m happy to endure thru the pain until now. This week i finally took the step to ave down and my ave ep is now only 38c. Looking forward to turn this suffering into a positive outcome. Lesson + Profits!
Read all recent month comments at i3investor, compare info shared and dates with every Company Announcement:- director interest (acquired & disposed), and your chart candlestick. Notice director Lee also disposed and holding % reduced. Draw your own conclusion.
Look up again. How many directors sold their entire shares? Did the majority shareholders sold off all theirentire shares when the share price went up to 89c? Who are the majority shareholders now?? Don't mislead ppl laa. We are mature enough to know what is going on.
Most... if not all of the counters in Bursa are manipulated by Operators.....and not just INIX. Look at all those Glove counters.....some of them up from 10c-18c until RM3.33-RM5.30.
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....
YuHainTeck
1,028 posts
Posted by YuHainTeck > 2020-09-11 10:57 | Report Abuse
Johnny Boy......you can keep on watching while INIX and all other counters are going up.......hahahaha