I made from G3 today and was hunting was other opportunities. Then I analysed this stock price movement and chart. Actually 40c is an OK entry but no way it will ever go back above 55c. But maybe next week possible for a rebound to slightly above 50c. Operator style la..They cannot waterfall all the way also. So I reckon a short opportunity here on Monday due to limited upside also. I will try.
they very clever to play this stock...when people capitulate and expecting bad result they let it burn. Then repeat goreng again next week lol. ironically this co can make 2-3m without new venture this year and the profit can double if the deal with Top Standard is legit. So 40c at bottom with 65-70c top is reasonable actually but not more than that la. Yet when there is euphoria people over do it and then when blood in the street they panic. Always like that.
40c is actually a good buy for the co with its current prospects and business. 6m cash, 80m a year rev, 2m EBIT and can double with venture in China later...And got Chin Hin boss inside who got at 45-50c Nov last year...he is the same guy who got Solarvest at 10c (today adjusted after bonus), so he is 15x there, dont think he will simply buy a lousy co with no prospect.
But it is true they manipulated last 3 weeks mostly to make from warrants. And I think they already planned this since January...that is why supress price at 35-40c to collect. But this has been done in good companies before too like GCB. It is like that lo. But 5 days massive selling is bound to see a technical rebound and ironically not even that bad numbers wise. like 10x better than green packet lol
This Co is actually submerged below water line. Waiting to Die. 1) Accumulated loss 39mil 2) Latest profit only 51,000 ( can pay salary also hard to say ) 3) Current asset 35.7mil / Current Liabilties 28.1mil
Alphajack your recommendation is highly questionable
Timely move: The Securities Commission building in Kuala Lumpur. The regulator has slapped unlicensed stock ‘gurus’ with cease and desist orders as it clamps down on illegal investment advice.
Coming down hard
THIS week, the Securities Commision (SC) came down hard on several parties deemed to be providing illegal investment advice.
The move is timely with the mushrooming of unlicensed individuals dishing out stock market advice, and in many cases “stock tips”.
Without authorities stepping in, there will be more and more unsolicited advice given and those who are not familiar with the workings of the stock market may just fall victim and get their fingers burnt.
In certain instances, these so-called experts may only be wanting to promote a stock that they may have a personal interest in.
The SC in its statement said seven unlicensed stock “gurus” have been slapped with cease and desist orders as the capital market regulator tries to clamp down on illegal investment advice.
The regulator said the seven operators and advisers were found to have been carrying out the business of advising others concerning securities or derivatives, including providing stock recommendations upon a fee.
Notably, investment advice is a regulated activity that requires a licence under the Capital Markets and Services Act 2007 (CMSA) and anyone carrying on a business of giving investment advice without a licence commits an offence under the CMSA which is punishable with a fine not exceeding RM10mil or imprisonment not exceeding 10 years, or both.
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....
bulldog
12,157 posts
Posted by bulldog > 2021-03-26 15:20 | Report Abuse
Sell on strength
Huat chaiii