The price is pretty stable now. I hope: Mother Share: Close at RM0.55 today, tomorrow only take one more boost to reach RM0.60, and Friday by RM0.80. Warrant: Close at RM0.23 today, tomorrow RM0.30, and RM0.50 on Friday
My personal opinion is because this counter has experience heavy earthshake for the past 2 days. There was RM0.12 for warrant at one point.
So most players will be afraid and sell on breakeven or minimal loss. That's why I closes at 0%.
Stocks below RM1 will normally experience this kind of shakes in the beginning. Until more people come in with higher price, then only the uptrend can be stable.
So, I was wrong in the afternoon. Looking at the chart. A lot of people sell at breakeven price.
Given time, this counter csn be the next LKL. I believe it should be at a range of RM1.50 (mother share) and RM1 (warrant) by mid of this month. Reason being the release of Supermax result in 11 Aug, will bring this counter up substantially.
From counter analysis, there are 40M and 20M trading volume for mother and warrant share respectively. This amount is above average for new trendy counter.
Not to mention their company has very strong management team now, my personal analysis shows RM1.50 TP with the current PE calculation (30+/-)
Lilyll.. U must be new to share market.. Look at today overall performance in share market then u will know the reason. TP 0.8 is possible but wait patiently.. Today heat reduce for a break but Thursday and Friday will be back.
Director disposed some shares on 4th and 5th. That's why the movement also U-turn. Just like luxchem, once got director dispose to create movement then eventually will have people notice.
However, it's only matter of time before the retail investors realize this hidden gem. Low PE, strong new management, and benefited from Healthcare industry.
Mother share is Dnonce. Baby means warrant. Dnonce warrant. Now negative premium. Quite worth it as support level are formed by retail investors already
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