I think Grand Master and Master are Both trapped inside Hiap Tek....Let me put it straight, Malaysia policy on Steel bar / pipe is when International Steel Pipe price is very High ( you cannot Export....if price is very Low, you cannot Import ( anti-Dumping )----2 DaiSo no where to Go, just singing Chinese Opera to pass time
Bankers RSS position looks like Jaks is going Down another 50%...So bearish must have a reason....I believe it is strongly related to Vietnam Power Plant#####this rubbish talk without facts and figures 14/10/2021 4:05 PM
Co-incidently, last week, I also tried to review JAKS short selling position and found that daily "Net Position" of short-selling is not available. (that means, can only read the status of that day, but if want to read, let's say yesterday or before, is not available. It sounds strange, maybe I don't know how to retrieve the historical data, if anybody knows, pls kindly share.)
From the very few downloaded sheets I have, JAKS net short position, 15Jun 21 --- 30.01m (1.70%) 07Oct 21 --- 40.57m (1.99%) Today --- 40.70m (2.04%)
Increase of short position generally indicates weakness in mother share price trend, although it is not absolutely so .......
IDSS do not has net position, this is probably RSS. Anyone here do RSS before? Could share your experince?
is it time we compete with the short sellers to buy more/ back from the market ?
or
we don't sell , then there is less tickets in the market for the short sellers to buy back .
if we can wait for a few more days , then we can certainly sell to the short sellers at a higher price .
the short sellers can not hold their net short position for a long time , the cost of holding is increasing everyday . the pressure to return the borrowed shares also does not allow them to do so.
so if we do nothing , the short seller got to pay a higher price to buy back in the market ,
stay united and do nothing and we will win the game
My logic is simple to understand an easy to implement
" the substantial shareholders are not selling, if we do not sell, the short sellers got to buy back aggressively to cover their net short position . They have started to do so based on the data I shared with you.
Just do nothing or more specifically do not sell now and we can sell at a higher price later.
We can wait but the short sellers can not wait long they got to buy back to cover their net short position . Do not sell and we will see the price breaks 50 tomorrow and 60 level latest next week and RM 1.00 a month later .
You must understand , short seller is not only sell , they are also buying to reduce their holding. Their disadvantage is that they have a net selling position that they must buy back to cover . Our disadvantage or retailers disadvantage is that we are not organised , we are moving separately as a small individual . It is difficult for us to defeat the short seller if we do not have a common goal. If we have a common goal to win big not just a peanut , then we can control the stock price. The short seller must buy back to cover their short positive but we can wait and do nothing. Then the short sellers have no choice but to pay a higher price to buy from us . When the price breaks all the resistances, then the market sentiment is aroused ,more and more buyers will rush in to push the price higher and higher to the sky . This is called herd mentality effect.
I wish Jaks could announce the successful tenders of some mega projects soon that it has submitted biddings (in excess of RM4 bil in value) in the last many months. That would squeeze the short dry. Long live ALP! Show them your real super power
Aseng is a positive guy who advocates holding longer term to beat the tyranny of the masters at their own game. The world will be diverging further as can be seen in the increasing number of people who awakened to this reality (see gab.com as a good example). This awakening is no different in stock market, the more people moving towards the 20% (the 80/20 rule), the harder the masters need to manage their game!
Don't doubt conspiracy theories, our own Mahathir and many leaders already acknowledged the existence of a new world order years ago! See below our ex-leader speech about a New World Order whom many will simply dismissed as a time wasting conspiracy theory! https://www.youtube.com/watch?v=1-2V3F4AQF8
Do not shout , do not guess , based on the data it is safe to say , the short has seen there is no value short selling Jaks they are slowly buying back or reduce their net position if you want to make big money , then "do nothing " the short seller will push up the price for you to sell at a higher price
retailers do not have a belief, they do not have a fixed direction to reach the destination where is good , it is where they go . but buy more trapped more . they are not well organized and acting separately . very anxious to see the gain , can not afford to see paper loss . their journey is full of fears , disappointments and frustration and of course some excitement when they are lucky . they do have a clear investment philosophy and a rational investment strategy . Many a times, they die in frustration and also die in euphoria (gloves and Jaks are good examples)
Let me share with you my recent conversation in my chat group .
"You can see it yourself, my stock selection . 3/4 not performing . These are the best from homily filter . 75% of the chances I will end up with the same disappointment and frustration . So I fee l it is still better or safer to do nothing at Jaks that you know the best."
Guru followers should remember the golden doctrine "BUY AND FORGET" no other ! Unless you are OTB selling tips every week , if not your subscriber will run away .
Don't forget to come back everyday, to read the guidance delivered by Guru .......
Unless you are OTB selling tips every week , if not your subscriber will run away . ----------------- I do not need to sell my subscription to survive, I have more than enough money for the rest of my life. I can live very comfortably.
I do not worry my subscribers go away. I only worry I recommend a lousy stock and I did not do a good job. I am a very responsible person.
Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded JAKS Resources Berhad (JAKS) and its Principal Adviser, Kenanga Investment Bank Berhad (KIBB) for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
JAKS and KIBB were publicly reprimanded for breach of paragraph 6.56(1)(b) of the Main LR and paragraph 6.02(5) of the Main LR read together with paragraph 6.56(1)(b) of the Main LR and paragraph 2.1(e) of Practice Note 28 respectively for failing to ensure that there were at least 10 market days’ notice from the date JAKS announced the books closing date to the books closing date for the adjustment to the exercise price and/or additional number of JAKS’ Warrants 2018/2023 (JAKS-WB) arising from the proposed rights issue with warrants announced on 22 May 2020. 。 。 。 --------------------------------------------------- Maybe not many can remember what was happening a year ago .....
put it short, due to the "oversight", if one sold WB +/-@0.40 on 26Oct20, can buy back the same @0.20+, one or two days later ......
Im sure, someone closely monitored the RI, was able to make arbitrage gain from the glitch :D:D
JAKS always put up interesting events and sometime, even the IB was involved :D
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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....
IronShirt
3,178 posts
Posted by IronShirt > 2021-10-14 16:39 | Report Abuse
I think Grand Master and Master are Both trapped inside Hiap Tek....Let me put it straight,
Malaysia policy on Steel bar / pipe is when International Steel Pipe price is very High ( you cannot
Export....if price is very Low, you cannot Import ( anti-Dumping )----2 DaiSo no where to Go, just
singing Chinese Opera to pass time