The last three days in a row saw massive sell down at 0.055 cents due to info that only those selling knows on what is happening.... logically it must NOT be good if NOT then why people are selling
So, don't be so naive that the price will shoot above RM 1 again, coz there are many of them want to goreng the price from 0.05 - 0.055 or 0.055 - 0.06 only
These two dates are only predictions of a large movement in shares price will happen, it might be a dramatic drop or a dramatic rise. Again, only a prediction.
Geo-politic scenario does effect the shares movement today. Investors are selling down fast. That was why earlier I told not to touch this counter. I may consider to re enter when I see pricing stabilised around 7 to 8 cent where the momentum on uptrend is seen
hidden J is not an insider, only doing some time series analysis, predict the large movement of the shares price. Again, only a prediction. Stay tuned for 15 - 25 March
Naturally if by end of March company were to post good result, needless to say the big price movement will be up. That's why I asked why 15th to 21st for big price movement
As mentioned earlier, it is a time series analysis, that depends on changes in factors, such as the current share price range that would affect the current predictions. Also mentioned, it is ONLY a prediction.
@michaelR Hi Michael, what do you think is the chances of saudee going fir consolidation? Since 20% pp was completed at 0.055 and esos also at 0.0515 to 0.055 , I feel it is not likely
It depends on you people... the more you join the more likely consolidate will happen...
Current NOSH not too big.. looks ridiculous for consolidation...
otherwise... just like BRAHIMS... 0.050-0.055 is the floor for the next round of extreme bullish.. after that these prices movement will complete a head and shoulder.. you know chances after that... But if goes too low anyone could takeover the business and/privatised.. Or if got big project or white knight comes in..
Anyway food business is always highly profitable because ... people do eat... good products people buy...
Maybe yes and maybe not. In economic view, Malaysia's exports mainly are electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent). This is the recent data you can find online. So, what we can expect a big movement if up probably is due to its quarterly financial report or there are sharks coming in the market to goreng.
But obviously, the current price is being goreng down by those arbitrages, as mentioned earlier, the lower the price, the difference of percentage they gained will be more. For example: 0.055 to 0.06 is only 8.33% 0.05 to 0.055 is 10% 0.04 to 0.045 is 12.5%
Thanks for the explanation hiddenJ. Even though this company's financial is quite sound with 70 millions cash or cash equivalent on hand, what I feared most is the shark use this money to buy rotten penny stocks which is the modus operandi of the Lien Hoe gang
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
tangen1985
559 posts
Posted by tangen1985 > 2022-02-17 13:38 | Report Abuse
The last three days in a row saw massive sell down at 0.055 cents due to info that only those selling knows on what is happening.... logically it must NOT be good if NOT then why people are selling