If u scare, u can try to buy in 50lots, that cost about RM 7000. Then u put in your safe. Worst come to worst, you will only lose this amount, though the possibility is quite low..but if it is going upwards in a few years later, then u will earn x times profit.
@valour what if all minority shareholders hold strong, unwilling to sell at low price? he won't be able to manipulate the price, he will be ending up selling his own shares at such level of low price only. too bad now mostly retailers don't know how to invest (sorry to say), just follow sifu tips to panic buy and sell without knowing what they actually do
SincereStock Very true what u say . But if the major shareholder not around anymore the stock will fly as happen to Hap Seng Consolidated a few year back .
i hv been sold this asiapac n go to EDEN before drop to 13.5sen.I hv read annual report EDEN found that "MAY BE BEFORE" gebeng land disposed,EDEN will make big money to me.My TP EDEN RM1.Now NTA is only 77sen before LAND Revaluation !
@calvintaneng mr calvin why you no see Zelan again Zelan from lowest up to now near 400% better than you said asiapc can up 200% and Zelan up very fast and furious ?
Look at the volume today, i predict there will be another round of up trend for AsianPac. I just bought in again today after profit taking last week, to see how far it can go this round. Logically, major shareholders may not want to miss this uptrend opportunity also while it is still HOT. This is not a BUY CALL.
there is no such thing as con counter, you can make money or lose money in any counter, as long as there is any price movement. the only problem is only you cannot predict the movement, not that the counter is a con
Con counter means they will hv some fake movement to trap retailers. Con company means company which doesn't want to share it's grow with the shareholders. Some companies hv a very solid fundamental figures, but because of the selfines of the management, no funds would like to invest in it.
@rocket, no movement is fake, what if you bought at 0.11 and sold at 0.17? you still call it a fake? it is a movement nevertheless. there is no promise that the price will go beyond 0.17, everything is mind game and investors' own prediction or speculations. so which part is fake?
Sincerestock, I'm talking about the intention n reasons behind the movement. Every movement hv winner n looser, if the movement due to its true fundermntal factors I won't call it fake. But if the movement due to a group of cash rich syndicate, taking advantage of certain topics, buy low n creative the momentum to lure thoes newbies to catch at high, I called it fake move.
buy low sell high <<< this is the only thing everyone in the market trying to do
but when operators / major shareholders / group of people who are good at mind manipulation did it, we call them con artist / syndicate? when they just did what you are trying to do?
we need to be sensible, mind game is part of the game. there is only so much we can do as retail investors, that is be patient and hold tight until the price reach your tp (set tp according to what you think it is fair value of this company)
the only other situation you should sell your share is when there is drastic change in the fundamental of the company, definitely not when everyone else are selling panicly, or when certain cash rich syndicate are trying to manipulate, as you mentioned.
Sincerestock, thank you for your advice. I started collecting Asiapac when Imago Mall is under construction. And I do consider the land value which Calvin mentioned until today. As I mentioned, I'm love to see it move but definitely not because of the current movement which related to ECRL. The sudden spike of the volume is highly suspicious and don't think is suitable for newbies.
@rocket me too don't like the rollercoaster movement, main reason because I am unable to predict the peak, I have just hold through along the way until now (with clam mind), but hey~ the good thing is it is no longer 0.11 now, so far it is stablizing at 0.14 ^_^
as for newbies, I don't actually agree o differentiate investors as newbie or pro, all of us just need to have correct mind set and take full responsibilities of our own decision in the market, as I believe only adults are here ^_^
It is time to discuss this ICUL here. This ICUL gives 3% interest and to be converted to ordinary shares with the ratio 1 to 10. Once converted. the cost of the ordinary share Is RM 0.10 per share which may explain why the recent share prices movement are between RM 0.10 to RM 0.20.
the 1 to 10 thing is last time when this loan stock released, existing holders can subscribes 1 ICUL with every 10 ordinary shares. however 1 ICUL can only be converted to 5 ordinary shares. hope this makes no confusion.
the share price is still below the conversion price of this ICUL, even during the recent peak of RM0.17.
however, do also note that the existing of this loan stock diluted the ordinary shares by 5/(10+5) x 100% = 33%
the 1 to 10 thing is last time when this loan stock released, existing holders can subscribes 1 ICUL with every 10 ordinary shares. however 1 ICUL can only be converted to 5 ordinary shares. hope this makes no confusion.
the share price is still below the conversion price of this ICUL, even during the recent peak of RM0.17.
however, do also note that the existing of this loan stock diluted the ordinary shares by 5/(10+5) x 100% = 33%
another thing for thought about this ICUL conversion thing, major shareholders (insiders) are converting their ICUL to ordinary shares from time to time with the exercise price of RM0.20, they can easily get same amount of ordinary shares through the market at much cheaper price (even at peak RM0.17). what does this mean? at the same time by converting their ICUL prematurely (before expire date), they are also giving up the anual 3% interest
I hope everyone can get the IMPORTANT hidden messages from here.
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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....
Nepo
3,416 posts
Posted by Nepo > 2019-04-19 13:40 | Report Abuse
If u scare, u can try to buy in 50lots, that cost about RM 7000. Then u put in your safe. Worst come to worst, you will only lose this amount, though the possibility is quite low..but if it is going upwards in a few years later, then u will earn x times profit.