This is the 3rd time AI want to be PM9. Do you think possible? BN just make use of AI for second times to bargain for more benefits. The worst will be GE. But market like to panic sell for us to panic buy.
My 2sen, now timber sentiment abit bad due to floods in East Coast. Also high price recently and political instability could contribute to the drop yesterday.
Anyhow need to find the support price which seems to be at 15sen. Short term TP personally will set just below the resistance point at 19sen. Maybe rebound this week or next, or else cutloss loh
For @ Diogo_Jota, thanks for your thoughts. As @ Wakarimas said, new ownership bought in at 20 sen and over, I am certain that they will use the rights issue to push the price upwards. If not now, then possibly nearer CNY. Nearly all counters that issued rights subsequently witnessed huge price movement. I looked at Leweko's rights prospectus last night to understand the reason for the rights and it is mainly to fund completion of their two projects and increase land bank. So, lets see what happens shortly.
Goodbye Leweko Resources. Hello S&F Capital. Name change approved on Jan 12 but announced yesterday. Maybe with new name, better Feng Shui for share price increase. Lets see. The show is on.
Hello @ Zack990111. I am still holding averaging at 16 sen. Am hopeful that it will move soon. Maybe market maker trying to frustrate all those who bought in after price drop post rights issue?
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....
Btbtzm
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Posted by Btbtzm > 2021-01-06 14:50 | Report Abuse
Gg big sell down