This is syndicate play. It started yesterday when the price suddenly dropped to 0.645 and selling and buying were confined to 0.64/0.645. These people are accumulating shares at this price and will soon be driving up prices to make a killing. You find the same pattern with prlexus, myeg, dayang, perdana, muhibah, etc. They are looking forward to a Ramadhan feast as usual. Buy low and cash-in on a Hari Raya bonus!
Drachen, u are a good observant & tq for sharing. I have accumulated & hope it can breakout its recent high straight hitting the TP. May i know what is your TP?
MACD sell signal triggered yesterday. You'll never know what will happen because syndicates are at play. They have been driving the price down. But trading volume yesterday was about 3.5 times about MA.
the reason why salcon fail to go up further is because it still at speculative play. sp setia joining salcon bla bla bla is old news and already factor in. it soar from 40 cent onwards. in order to move up further, it needs fresh positive news. the recent drop is due to either people taking profit or cut loss. i won't say game over for salcon, just need to wait and accumulate on weakness.
All trading is speculative including those who buy on fundamentals. No one every buys something hoping to lose money. To buy something, even a piece of land, at today's price and hope to sell for a higher price to gain a profit at some future date (no matter how long) is speculative in itself.
Read up, do ur analysis. TA or FA, make ur own decisions to buy or sell, don't expect ppl to tell u to buy or sell..nobody knows ur risk appetite.Afterall, its ur own money, right?
I bought wrt only coz i think they will goreng the mother share in any time now, since water counter already fly. Hope wrt will follow....... He2. Lets pray.....
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....
davidlee
55 posts
Posted by davidlee > 2013-07-03 12:10 | Report Abuse
any idea on price 0.645? changing hand?