Logically speaking if all deals gone would hv a big drop today ...now down 3.5cts due to panic selling n retailers got scared ....Doesnt look like they r pushing it down kaw2...this aint the pattern...they r collecting if closing at 19 or 20cts they make anor round
For those who chase high,support now is formed at 0.15 to 0.16 , so buy ard this price to avg down ,hard to reach 0.26 again, but i think 0.2 nt a problem in near term. At least, the copper deal is real.
Lately, in a liquidity-driven stock market, even lifestyle bloggers and websites have taken to writing about public-listed companies being awarded multi-million contracts.
One such company, which just announced its venture into making rubber gloves via an acquisition, is said to have clinched a US$200 million contract to supply gloves over the next two years. However, there is no mention of such a contract in its exchange filings so far nor has it made any announcement to dispute the “news”.
When asked, Bursa Malaysia says that “a listed issuer must make due enquiry and immediately publicly clarify, confirm or deny any rumours or reports, which it becomes aware of, whether true or false, that contains material information”. It adds that if the exchange comes across reports containing material information, it would engage the relevant listed issuer to ensure compliance with the listing requirement.
“Where necessary, the exchange will issue an unusual market activity query to ascertain the veracity of material announcements. We will not hesitate to take appropriate enforcement action(s) against the listed issuer or its directors, should there be a breach of the standard of disclosure under the listing requirements. It is our priority that investors are provided with accurate and timely information with which to make investment and trading decisions,” says Bursa.
The question is whether investors, especially retail investors, would take the trouble to verify information they get over various medium in this digital age. It is said that instant messaging app Telegram has hundreds of groups just on investing where information and — likely, misinformation as well — is freely shared.
Investors should separate the wheat from the chaff and refrain from following the herd.
But in a market where fundamentals seem to have taken a back seat, it would not be far-fetched to surmise that many in the market are playing a game of musical chairs, hoping they will not be left holding the baby when the music stops.
the amazing thing is that the guys did it before in Anzo, 2017 when goreng up the price and issues prior 2014 when they were known as Harvest Court
if you are the one that managed to get in the ride to 24 cents contgrats. Those who entered at that price just evaluate for your self your "investments"
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....
David Coperfield
1,118 posts
Posted by David Coperfield > 2020-07-13 10:31 | Report Abuse
may see the trend to sapu again for another round of pocket money!