I was out the whole day. But I notice that you had given a good feel of the market trading today.
Ref: Your posting below:
PMCorp is holding steady at 0.24. There was no trading at all for the first one and a half hours today. If the stock is loosing strength, we would have already seen a drastic price drop not just a miserable half a sen drop. Notice that there was huge trading of 3 x 100,000 shares @0.235 within a period of 10 minutes.
Few observations(after market close): 1. Most of the trading were done at 23.5 sen. Only 3,600 shares were done at 23 sen.
2. Counter closed at 24 sen(done probably by sharks). It did not close negative, where most favourite counters like Inari Amertron, Insas and many others closed either negative or near the day lows. Ask yourself. Why?
3. 99.6% of the trades today were done at 23.5 sen. Were there so many buyers and sellers at this price?
Hi, friends,
Have an inquisitive mind. There is more to it than meets the eye. Do not take things at face-value.
Hai guys, we need to have both positive and negative opinion or comment as check and balance. We are representing less than 5% of the market capitalization. Our main focus is to make money either we are long term or short term shareholders. Based on the positive market condition in us and european countries at the moment we may have positive outlook for bskl tomorrow. It is good news for me as pmcorp' shareprice may go up tomorrow. But it also bad news as i will not be able to collect at 20 sen or below. I believe eventhough there is negative comment or forecast, it will not have significant impact on share price as we are only small shareholders compared to big players who may decide the direction of share price.
Is there a pay cash out??? it is not easy for a cash pay out. Aiiiiii anyone can say this pay out and that pay out when actually the company is doing badly. Look at the yearly turnover and profit of the counter all these years. Stagnant or no growth.
Wow, Calvin is also talking about Bina Goodyear! The talk of the town today!
Mike,
I did a preliminary analysis. Here are my views: 1. I think the 300 lots of trades were done deliberately to attract selling at 23.5 sen. It was completed at 11.38 am. If there is serious selling down, why is it that no trades were done from 11.38 am to 12.30pm? And there is still some shares queuing at 23.5 sen to buy. Why???
2. Who would be selling 300 lots at 1 go? Big boy? Then why is it that there is no more selling after that? So, it appears to me that sharks are waiting for people to give direct to buyers at 23.5 sen.
3. Of course, sharks are sharks after all. They could push it down to 23.0/23.5 sen, to scare us further.
Believe it or not, I leave it to you. Once again, you look more anxious than any of us.
Ha! Ha!
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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....
mikekong55
4,805 posts
Posted by mikekong55 > 2013-12-16 16:16 | Report Abuse
humbled,someone distributing @ 0.235.tomorrow plenty for 0.23