very subjective but personally i still believed in this stock until they announce the financial result.
** The down trend now days because our market is at a high level.. previously our KLSE index was supported by local institution but most of foreign fund are exit since last month.. so how long our local institution need to support.. at last they also short of fund..as a result- KLSE in down trend..
For individual counter- still look stable unless for those who are report a low income/profit in their financial result.
Alam Maritim has secured a contract for the provision of a supply vessel for an undisclosed oil and gas company. Valued at RM37.9m, the contract is for a firm period of three years with an extension option for another year.
Yes do what directors do. Buy. But, could that be a trap for the Director to lift up the price and to sell again at a revised higher price? In view of the weak sentiments shown recently, buy on weakness is smart, but perhaps the price isnt at its lowest.
all wayang.. look like- a director was hammered down the price to scared people for unload their stock. When price goes down- than he buy back at a cheaper price. Now price up again and for those who sold yesterday will hitting their head at the wall..
seems like shortseller are manipulating the stock..if you can see the unusual queue buy and throwing fast. sell and buy volume to restock on same tick (they short T+2 and they buyback..so just commisions..no need pay for stock) and throw 30-40% while they earn.
regulated shortsell -rss is available to 177 counters.
wonder why bursa approve shortseller..its not for retail trader..approve only those who are cash rich hence making it easier for them to manipulate.
yes on d chart, it was fiercely oversold compared to most other O&G counters, clearly it's manipulation by selling down its shares and buyback at cheaper price. I don't see this ALAM having problem to go back up to above 1.50 coz recently it has good flow of news like the new contracts awarded and the upcoming Q3 results next tuesday so if those who manipulated the stock price then their timing is just right to catch a fast train moving later. It will surely go up one.
they only short for few days..it u see the past chart, you'll know how they manipulate the stock. everything is carefully planned..since q3 is not coming this soon they will short and run with cash just b4 q3 earning out.
Those who have the means and the shares are entitled to short.... why keep them if you can sell short..... it is logical and legal....if you dont sell how to make money....?
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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....
BBB79
2,689 posts
Posted by BBB79 > 2013-11-13 15:26 | Report Abuse
haha, some panic selling, some keep collecting...