hahaha, true! last week when rise too sharp, kena UMA, then straight away turn falling down. This week when fall too sharp, kena UMA, then what? Straight away turn rising up? :D
what would the BoD say? hmm....we purposely let the price free-falling so that we could accumulate at a lower and cheaper price, ready for a second round of pump and goreng? LOL
The buying queue kept going stronger...uma issued for falling too fast. So it is slowing down already...will not falling too much but stabilized. Tomorrow might retest 70 sen if everything stabilized as the panic sellers are finished selling.
At least this time the uma is different. It is for falling too fast. So I think everyone will calm down and not allow it to fall again. See the huge buying at 64.5 sen. That is the support point now.
No cause for complaints. People here have been warned repeatedly that there is no free money here from the day the massive discount between the parent and the warrants and the PA appeared. Not over yet. The millions of shares from the converted PA and warrants are not out yet. Wait till they are listed and everyone rushing for the door.
Since the UMA..directors need to buy upwards on their position.Today itself they collected back from syndicates and made the price gap not wide bcos exchanges taking place.Directors need to declare their holdings to Bursa..it will be panic buying upwards to collect back from weak holders..so it will be buying mode to declare the 70 percent holdings to Bursa..so don't sell to them..otherwise price will go higher to buy more upwards.
The panic buying was also seen from the warrants that was active today..as the mother shld be at .745 ..mother did not move bcos additional listing will cover what has been diluted but warrants remain the same(no additional listing).in this regards, the mother will need to adjust itself upwards albeit slow pace or fast depends on their response to Bursa
actually today i saw support formed at 0.625.. but real or fake support i'm not sure. what i know if drop n close below 0.625 free fall is coming again. haha
After the uma, price should remain steady as Bursa is watching. Support is at 64.5 sen and resistant at 69 sen. Yesterday was a selling climax. I doubt more selling as many investors already cut loss waiting for the next wave. But it will all depends on market forces today. Good luck.
All those who bought at higher levels are waiting for the price to move back up TO SELL. All those who sent in their PA and warrants for conversion are waiting for their new shares to come back and TO SELL. Please tell me why any serious investor will want to buy now.
I will keep PA since it's at low risk now .... giving SGB management the benefit of the doubt, hopefully they can turnaround n make it a good construction company .....
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....
richkid
8,140 posts
Posted by richkid > 2016-05-04 15:49 | Report Abuse
Fall also uma...then good..it should rise back up.