According to The Edge , it is reported to be quite rare to see margin calls being extended to more than a few days.
It is reported that its anyone's guess right now as to what could be behind the prolonged sell-off in some of these counters, which have not seen significant changes in shareholdings despite the high volume traded.
Following the UMA queries, four companies pointed to potential land deals in the pipeline, namely Magna Prima, Rapid Synergy, YNH and SCIB, while others told the bourse that they are unaware of the reason behind the volatility in their share prices.
Panic selling continues due to many reasons among others external economic factors, local political chaotic situation, impending mega corruption cases etc. Lack of foreign interests and local corporate prospects will be focal factors to bring a vibrant capital market. otherwise, you will see whats happening now.....too weak to sustain
The amazing things about this push down is no insider i.e director or major shareholders selling as of now for many others counters except for Dr Yu counters .
Yer, no foul play seems to be behind SCIB so to speak. It is believed that the weak sentiment of the whole market has triggered massive margin calls which exacerbate further downfalls.....
Nothing much we can do but to collect cheap along the cheap sale as what the opportunists are doing. Running chicken heads surely stand to die still ( real loss ) but some diehards are suffering " paper loss " only like Tu tu and others who will survive in the end ....
The bright side of this, you are now have so many counters that you can choose which already at the lowest price even lower than their IPO price which you can anticipate reversal trend later.
Scib is definitely worth investing at 20c. Im getting ready to become richer by 2024! When i see market getting too hot a couple of month ago and i made a bold decision to sold off all my position and remain cash rich. Now is shopping spree for me
when Warren Buffet said this, he was referring to quality stocks, as he doesn't purchase garbage counters. **************************** Posted by izoklse > 5 minutes ago | Report Abuse
Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”
If we believe what Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”, then why are we still labelled as psychos ?
gohkimhock that is why you need to make the best decision. If you think it is a garbage than stay a side and just watch. Whatever go up must come down. And whatever going down must go up sooner or later. :-).
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....
Eagle77
6,960 posts
Posted by Eagle77 > 2024-01-18 11:12 | Report Abuse
Work the talk not talk talk talk in the press statement only…many in this forum are good in talking only..