VenFx: The price from 1.60 drop to now 1.03= 57sen
Total shares before =512million
After Private placement=564million
After Bonus Issue=846 million.
Nah tiba tiba 330million shares keluar(OMG!!)....u know what happen la...some more before bonus issue....up from 2 to 2.4 wahhh cantek gambar ini, itu tipu punya....extra charge ady....something like after u makan at restaurant they charge u service charge+ GSTTT..wakakakaka
That's what will happen while market cant absorb, especially in this kind of market sentiment. So, fund have no way out but to chop the price at higher point & start to flushing out contrarian and to trap those entry at the high side. While at the U turn, fund will push it quick to a slightly higher on the mid band of the price gap from the action done.
selling pressure is still high at this juncture, only if evergreen able to break 1.08-1.10, then it could be a real sign of rebounding! as of now, looks like its a dead cat bounce.
JN .. cannot .. queue tipu. I will take my chances next week. Upside is limited. Moreover tonite US rig count data will be out and expected lesser rigs producing which means Crude may be going up past USD35. This morning Brent holding very well. Ringgit slightly under pressure due to dollar index strong but i dont expect it to last long either tonite. Likely range usd/myr around 4.11/4.12 range after rig count data.
It depends on the turnover. You could roughly work out what those contra player is going to throw and what the has changed hand already whether the demand is greater than the supply.
Hotrod have a look at Evergreen now. those who bought this morning are in trouble already. What happen next is that they will panic and cut losses and push the share price down below $1. JN88 will then sapu all while I watch. LOL
Have you ever go finishing. I used to fish in NZ. When the Kawai came they came in a group and all little fish is running around. I throw my spinner down and pull up a fish and drop my spinner in again real quick. But those kawai would just be there and disappear in five minutes if you get what I mean.
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....
VenFx
14,784 posts
Posted by VenFx > 2016-03-03 22:04 | Report Abuse
JN88, has u show any sign of reversal yet ?