last week seminar. otb recommend mflour. he dump all dayang and some carimin to buy mflour if not wrong. so buy when others panic sell. its good opportunity for us to buy now.
Mflour will hit rm1.50 by end of this year. Corn and wheat price is dropping and mflour is benefiting from the lower raw material cost. MYR and Ruppiah is strengthening thus the benefiting company as well. May coming quarter may report minimum 5 sen eps.
Out of 6.3 million units traded as of now, there are total of 328 buy transactions and 286 sell transactions as of now. The que buy volume is not sizable enough to sustain an uptrend. This is because when buy volume is 0.77/0.775, sumua orang grabbing the chance to sell down. The que buy volume is also lower than the que sell volume.
The situation now is like chasing to exit and sell at the desired price to achieve lower losses for some contra players maybe, I dunno. When it is an uptrend, you can see a tsunami of buy volume buying up immediately 3 sen to 5 sen up, there is where the engine may be starting.
For contra players out there, this company is not meant for you to gain a sen or two. This counter is to invest, hold and wait for the company to perform. If it doesn't fit into your investment objective for quick money, you can find other higher riskier counters hoping for contra gain. But definitely not MFLOUR counter.
If you look at the Stock Info, you can notice total buy transaction was 371, total sell transaction was 348 today.
This means people buy same day and sell same day, almost matches (371 transaction buy vs 348 transaction sell).
It will not go higher until the sizable huge buy volume comes in. Day traders volume is high, even a gain of RM0.005 also they can earn some gain for a day. There is no point for ordinary Malaysian chasing it fighting with the day traders who have large amount of trading limit to be able to push up 1 sen/1.5 sen to draw buying interest, and allowing day traders to sell to recoup an average gain of RM0.005 to RM0.01.
Investment in shares should always based on our own ability and affordability. Invest, hold and monitor the performance of this sweet MFLOUR counter. Earn money is not overnight, it requires patience which is the key to make money. Let the company perform to show its financial results, there is where we can enjoy in the form of dividend and capital gain (It's tax free don't worry) hahaha...
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....
cybergreen
2,203 posts
Posted by cybergreen > 2019-03-19 16:30 | Report Abuse
last week seminar. otb recommend mflour. he dump all dayang and some carimin to buy mflour if not wrong. so buy when others panic sell. its good opportunity for us to buy now.