From 51.5 sen gapped down to 45 sen....and now 41 sen.....reminds me of hibiscs. Big gapped down is not easy to climb up back...it might drift lower and lower....must wait another 3 months for profits to come in next QR before it can climb back...3 months is another long wait. So you decide. Sell or hold?
Main stake holders knew about the results v much earlier. You don know how much they hav dumped since exercising their warrants la.... Draft accounts were ready in Jan.
Definitely the accounts department is manipulating the whole accounts. Otherwise, what is the reason previous quarter recognized the forex gain of RM12mil and this quarter reversing it due to the report is going to audit by the auditor.
semua orang kena tipu, pasai banyak orang sudah masuk sangkar.
''Bull market dies on euphoria.'' ~ Sir John Templeton
The boss and market syndicate can manipulate the account and stock market , playing everyone's emotion like a roller coaster.
If market is designed to make everyone win by following a leader, who is going to lose and transfer money into your account ? the Smart Money ? he he he
The results are still not audited. There maybe some hope the finance dept reverse wrongly. Let see wat is the final publish accounts. Hav to see the talent of the auditors..
The directors felt there is no material effect on the business according to their notes. Maybe they also have something up the sleeves to force people out first and correct the accounts later. Is any body guess...
I agree with elephant 123 . The price is at the descretion of the directors to manipulate with purposed at his whims and fancies . Maybe if they wanted to collect at cheaper price , they can come up with all sorts of excuses to delay the auditing to create some sort of feared atmosphere for people to dump and in returned they can collect cheaper . After that , they will rectified the problems and the price goes back to normalcy and they start selling . All wanted to cari makan lah !
Dolmite memang exploded like dynamite if u flw Icon8888's call on 1st day of his recommendation tapi tak boleh tamak la...Icon8888 juga suruh kita buy sell on our own risk mah....so jgn kita cakap yg bukan bukan kat Icon8888....due respect must be given to Icon8888...those who think you can come up with better trading idea pls stand up and give yr idea in trading. if not then u kena behave like me - just diam diam la. I think this is why we hv i3 platform to share and discuss.
Need to be careful for this counter, the cash flow is having issue. This is the reason why the director was exercising the warrant in order to save the company. Based on the latest quarter result, the bank balance as at 31 December 2015 left 3 mil++ and the current liabilities is greater than the current assets. Debts starts to piling up to 324 mil. Dangerous counter to avoid.
Hav analysed the accounts to answer chankp. Accumulated loss on consolidation of RM46. No explanation or details available. Hav substantial borrowings in USD.
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....
richkid
8,140 posts
Posted by richkid > 2016-02-26 10:36 | Report Abuse
Gapped down forcing the margin calls. Please be cautious picking the falling knife.