I agree.. don't chase. Wait till it drop then buy, then sell when it goes up. If you see the trap pattern that you said earlier, then can take advantage of the price pattern.
Posted by newtrader1989 > Oct 29, 2021 12:23 PM | Report Abuse
Dear I am only telling those who chase high not to those who bought yesterday. So relax
First question is why only Serbadk and SCIB changed new auditors whereas kpower not required, it means Serbadk and SCIB both might have provide wrong financial contracts information to the public.. Beware..
Bursa and SC investigation team are closely watching the management team of Serbadk and SCIB and not kpower but since kpower largest shareholder Karim might sell off hugh quantity of Kpower anytime when kpower is above certain prices..
Oskchoon, serbadk case, kpmg only resigned after serbadk sued them, they refused to resign earlier.
Scib case, kpmg resigned because engagement between bod and auditor whether they can continue to work for them because of major director same as serba, they didnt raise any issues to ined before they resigned, but its leave them so less time to find a new auditor, therefore extension is fully expected.
karim can also push kpower to a very high price and later cash out a bit for his capital to sailang SCIB and SD when price open after suspension because that time price very cheap. At the end he got very cheap share of SCIB, SD and increase his stake in both company and also increase KPOWER share price. Well after all karim can do anything with this KPOWER as this going to be his money pond. huhuhu.
Posted by oskchoon > Oct 29, 2021 12:37 PM | Report Abuse
If Serbadk and SCIB are further dropping in share prices, Karim might dispose off kpower shares to buy back Serbadk and SCIB shares DAY DREAM. SERBA REMAIN SUSPEND. SCIB SUSPEND SOON. PLAY K POWER TO $1.60. AUTOMATIC SCIB AND SERBA D IS OKAY WHEN REOPEN. ALSO GOT LEVERAGE POWER
Boss no money la. Bank margin call. Press down low low price lor... Boss need money....bank no give margin to hold shares....aiyoyo...bad news also said is good news.
Those who bought at 0.47 kpower shares are good investors as they are rewarded today for good profit margin, however pls don't touch SCIB yet as there is big risks of long term suspension on 9th November 2021 if Bursa again rejected SCIB appeal for extension.. Trade cautiously..
Don’t be greedy as more than 10 sens profit without paying is good profit and next week definitely is profit taking week if it goes up further, otherwise there might be force selling on Tuesday onwards.. Beware..
In the worst scenario, incase both Serbadk and SCIB are suspended by Bursa for longer time like weeks or months pending SC investigation, then perhaps Karim might try to sell off kpower shares to cover losses from Serbadk and SCIB tradings.. Beware.. Beware
Based on shareholding on 21 Oct... The first one is Kenanga Investor Bhd, it holding 15% more... I guess many using Rakuten to hold this stock......omg
Cukai Makmur for corporate tax 24 % for annual profit less than RM 100 millions and 33 % tax for annual profit more than RM 100 millions, many tech, healthcare, Plantation, Banks, oil
Expect a one-off WindfallTax for businesses earning >RM100 million chargeable income from YA2022 - where 24% will be levied on income up to RM100 million and income in excess of RM100 million will be taxed at 33%.
Many Asian countries charging less than 25 % corporate tax so Malaysia will deter foreign companies and foreign funds to invest in Malaysia especially our stock market, hopefully next week our market is stable but...
Let's hope some genuine investors buy all his share holdings especially Kpower and SCIB, because of him manipulating the business contracts and he will disappear from the corporate world like the Transmile boss..
Besides Makmur tax for all industries even Plantation Windfall Tax also increase so expecting some negative sentiments from the market especially those blue chips counters... Beware...
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....
Hotstuff
3,291 posts
Posted by Hotstuff > 2021-10-29 12:15 | Report Abuse
jealousy will bring you nothing but hatred