Yup. I too had decided to add at 3sen as the buying queue had grown to 4.1m. Let's see where this leads to but I won't get too carried away.
There is 192k leftover plus maybe another 1.4m from the remainder of the PP exercise so if the momentum continues we could see an ascension by this Friday. That would mean that current shareholders like me might accumulate further tomorrow to mop up the 3sen shares.
like last week, VWAP will drop for next few days for MQ to acquire at 0.025 next week.... need to wait till MQ finishes share acquisition and next QR for bornoil to see meaningful movement.....
As we can see today the 3sen selling queue was 369k which means there is considerable volume that we need to see cleared before the counter can move. Having said that, the buy queue grew which may indicate increased interest. Long way to go still.
Yes, you need to have patience in this counter. Dont expect any significant uptrend until Jan/Feb 2022. Meanwhile this is an opportunity to buy and keep. I think I have bought enough, dont want to be greedy and just lock up the shares and relax. But if got chance to buy at 2.5sen sure will add more. Otherwise look at it again in Jan or Feb next year to see if got any CNY ang pow.
operators/BOD/cronies/MQ like to push the traded volume at 0.03 in one day to lure retailers, then next 5 days, the volume traded will very much decrease and weighted towards 0.025 for MQ to acquire at 0.025..... MQ next acquisition maybe next Thursday.... long way to go.... May move only after next Feb..... be patience....hold tight....
those bought in 2019..people say will jump in 2020..so they stay loyal for the whole year when price sideways from 0.04-0.05..don't know how many opportunity cost forgone..with high hope the price will jump next year..but..they got 'rewarded' with 50% discount instead now price is 0.025...kesian
previously sideway 0.04-0.045, then drop to 0.03.... now sideway 0.025-0.03, will drop to 0.015-0.02?
now buy queue volume about 400 mil shares, think most is queue buy by operators, we will see one day that sudden sell at 0.025... right hand sell to left hand...
For the CEO he is not buying for trading purpose like some of us but for investment in this company on a long term basis - perhaps he sees much potentials in this company. Otherwise he wont keep increasing his stake.
if one can get 20% bornoil shares at a minimum of 0.025 (upto 10% discount from market price), think he would be do not mind to purchase 1 to 2 % at 0.03....
We know the game. It is a long one but we can wait. No bank can dictate us. Load off then bugger off. I had lunch at SugarBun today. The crowd was full. The chicken was scrumptious. Bought two bottles of the Sabasco sauce too. They are hot and fantastic. BOB is a fantastic company waiting to soar. I don't know about the others, but I am here for the long haul!
Gold futures headed higher on Friday, with bullion on track for the sharpest weekly gain since May, as investors turned to precious metals amid growing concerns that rising inflation in the aftermath of COVID-19 may erode purchasing power.
Gold and silver are “supported by increasing worries about problematic price inflation and by a lower U.S. dollar index to end the trading week,” said Jim Wyckoff, senior analyst at Kitco.com, in a daily note. Gold is often perceived as a hedge against rising inflation.
The markets for both gold and silver have “finally awakened to the fact global inflation is rising and won’t be just transitory,”
@UncleFollower I went for lunch at the Hap Seng Tower outlet. Please do check it out. Really good crowd. The chicken is splendid and quite cheap too. RM3.80 per piece compared to RM5.40 at KFC and McD. @SincereStock No hesitation to add more shares next week once pay is in. Even if it hits 5sen I will be more than happy investor!
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....
mhanaS
213 posts
Posted by mhanaS > 2021-10-12 16:20 | Report Abuse
A good sight. Even the PP operators will be happy if the moving average goes up, no?