You have to be optimistic. Without confidence how to earn big money? Today already touched 50 sen. So we expect tomorrow to break 50 sen based on the bullish momentum.
If you buy today still below 50 sen...but if you buy tomorrow...then no guarantee as the price normally shoots up very fast because this share is very small. Very limited. Very easy to push.
@richkid, salute to ur observation. I already miss the boat, scare to chase high. Share with me in systech forum if u aim any other counter in future. I dun wan to miss the boat again.
Just look at the volume. This is an important indicator...the volume is going up...as the price is going up. This shows sustainability. The price is supported by volume. So tomorrow should gap up and break 50 sen. Hold tight if you want to keep long term. Scanwolf is making a come back. This share is worth at least 56 sen based on NAV. Nightkids you can monitor this share and look for buying opportunity. Others shares like biohldgs, K1, systech, priva, wintoni and IFCA is not moving. Scanwolf is making a good uptrend and now the talk of Bursa.
@Huatrex yes buddy..I did try to share in Systech forum about Scanwolf...look below 3 posting to give a hint that Scanwolf will move up. Sometimes cannot promote too much after people scold me for promoting other counters in systech forum. Next time I will give hint if I have analysed a good share. No worries. We share info so that we can huat together.
richkid scanwolf and comcorp is my choice now. Systech is my next...still waiting for it to move. 07/07/2015 15:09
richkid Scanwolf already flying up...Systech still sleeping. 10/07/2015 11:43
richkid Good show scanwolf...systech kena tunggu... 13/07/2015 11:00
Today we will see another push above 50 sen. From yesterday performance, it touched 50 sen but dropped to 46 sen due to profit taking before bargain hunters came back to push it back to 47.5 sen closing.
Today it will retry to push above 50 sen resistant and if successful, the next resistant is at 53 sen. If 53 sen is overcome the next resistant is 65 sen. Scanwolf is making a u-turn as investors are scrambling to buy up after the share came down from $1 and was oversold to 28 sen. It is a very small cap company with only 87 million shares in the market and can easily push up high.
Good luck to all.
p/s Just buy at your own risk and play with your own extra pocket money. Don't borrow from Ah Long. Happy trading.
Many people ask why??? Why is Scanwolf go up ???? Why???? Because crisis present opportunity. Because one man's meat is another man's poison. Because the previous management is having some tussle and sold their shares causing a sharp fall to the price. Buyers saw the opportunity to pick up the cheap shares! For example you quarrel with your mother and sold the TV set you bought for 2,000 cheap at 500. So people just saw the value of the TV set which is worth at least 1500. A lot of people rush to buy..because it is too cheap. Same thing here. Scanwolf par value is already 50 sen. NAV 56 sen. IPO 75 sen. Highest $1.05. The value is there. So now people are buying as scanwolf is worth it. Not because of sharks goreng it up...it is because it is really worth it. And one thing is scanwolf is 87 million shares...is very scarce and limited...that is why it can go up very fast. The buy and sell queue is only few hundred shares not few thousands shares like Sumatec or Novamsc. If I buy 200 lots...it will move...other counters...you buy 3,000 - 10,000 lots only to make it move. Investors are fed up with those counters. Just look at Frontkn...you need a few thousand lots to push 1 just sen.
Everything has a price tag. Your old proton car has a price tag. 10K? 20K.. even the Scanwolf got a price tag. Why selling a share 75 sen IPO at 50 sen? See the below prospectus. It is worth 75 sen during IPO. We get to buy now at a discount. For those who pour cold water...well just remain at the sideline and watch the show.
Prospectus: PUBLIC ISSUE OF 14,400,000 NEW ORDINARY SHARES OF RM0.50 EACH COMPRISING :
- 6,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC,
975,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTOR(S) APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
2,500,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY ELIGIBLE EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARY COMPANIES ("OUR GROUP") AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP ; AND
- 4,925,000 NEW ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT
AT AN ISSUE PRICE OF RM0.75 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD
UMA means most investors will relax and wait for the answers. The buying usually slows down. Some panic sellers will come in and sell. So it is a good time to wait and buy cheap shares if it drops. Later after UMA is answered, the uptrend will resume.
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 > 2015-07-14 16:04 | Report Abuse
Huge volume today. Looks like the momentum is back. Scanwolf will be bullish. Keep for long term.