Hope bursa and sc will seriously probe this case. There is no way the huge sell down happened after the award news was announced. Obviously the management planned all this then announced the cancellation 2 days later
the news will out in newspaper tomorrow. today ppls know the news by internet, tomorrow, others ppls will also get shock by this news。 u r right, gohkimhock。
Are u sute Calvin ? I rather ask Jetsonian pursue to others counter with solid FA. eg. Mitra and Gadang ... or construction specialist like Kimlun or Econ .
I know that many of us had got caught on this. Lets take this as a lesson to take precaution when the news is too good to be true. In what capiacity does Jetson have to take on such a project anyway. I am fortunate to get out yesterday. Time for this stock to take the plunge and go 6 feet under. Good bye!
In Oct 2016, Jetson share price only 0.20+. Jetson this yr Jan price move towards 0.30 and continue moving up even when financial qtr result not good. Its share price broke higher high 0.40 and 0.50. Now retracing back 0.30+ range . Lost big project but shares price much more higher than Bintai.
Bintai won many big contracts since 2016 and 2017 but its share price only RM0.20 still havent move up much.
Bintai almost same situation with Psiptek last time (B4 only at 9-10 cent) Psiptek‘s director bought HUGE / LARGE SHARES at 18 cent. https://klse.i3investor.com/servlets/stk/annchdr/7145.jsp 几天后,Psiptek from 10-11 cent MOVED UP and UP to 13.5-14 cent, then slow down back to 12.5-13 cent. After that, Boosted UP to 15.5-16 cent. Correction price in few days at 15.5-16 cent, Then Toward 20 cent++。 Now came back 17 cent。
Instead of breaking above, it closed at 30 sen on Friday. From the high of 50 sen, it has corrected 40% down after the recent building sub-contract was rescinded. Has the bad news been fully priced in?
Last 2 days saw some heavy speculative plays on select penny stocks at Bursa. It is perhaps a good time to relook at this counter with a longer term perspective to accumulate this counter slowly for the next upswing. Below 30 sen is a good starting point.
I was studying the trade patterns for Friday's trades. I discovered some interesting findings: 1. Vivicom Intl was once a punters' hot favourite. But it had lost favour with the punters for quite some time already when it was almost continuously pressed down by the operator until around 12 sen and punters/investors got "burnt" rather badly and most gave up hopes. 2. It has suffered a shares overhang problem with a few rounds of bonus/rights issues. 3. All of a sudden, it was pushed up last Friday and made it to the top spot in the most active counters. Forumers(investors/punters of this counter)now have started to become positive and hopeful again. Take a look at Vivocom thread and u can sense it. If this momentum can carry on into next week, will it stir interest in other speculative counters too?
Of course, all will depend on how it is played and for how long. Stock operators are very good at exploiting on our greed and fear to carry out their game plans.
Based on Patern recognition tech, has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern. Closing price of 0.28 is support level. Noting that Jetson will make a stand on the rescinded LA by MCC, worthwhile to consider to go in .... as stock price can break out easily in next few days.
I had queued at 27 sen for the whole day and did not get any done. From my observation, selling has "almost" dried up and the operator was merely "churning" a lot of trading vol at 27.5 sen.
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....
VenFx
14,784 posts
Posted by VenFx > 2017-07-04 17:29 | Report Abuse
Jetson 已经 不只此次 了。