Posted by yewyin33 > Dec 21, 2018 06:11 AM I assure you that I am not so desperate to sell at this price level. In fact, it has gained 4.5 sen or 9% in the last 3 trading days. It looks like the price is at the pivoting point moving from downtrend to uptrend which is the best time to buy. Koon Yew Yin
Stock: [JAKS]: JAKS RESOURCES BHD
Sep 23, 2018 11:02 PM | Report Abuse
Yes, a few weeks ago, I was forced to sell to meet a margin call. Now I don't have to sell because the price has gone up. In fact, tomorrow I may have some buying facility to buy back at a cheaper price than the price I sold. I learned a good lesson- do not use all the margin facility in case the price drops too rapidly. Koon Yew Yin
"Since all shareholders are losing money, it is better for us to sympathise with one another. We should write some recommendations to encourage investors to buy to support or push up the price. In any case, it is safe to keep the shares because it is most unlikely that it will drop further to make another new record low. "
Not done in good faith. If Sendai is on the way down, asking people to buy at this price really sucks.
I lost money in Sendai? See my comment below:-
Stock: [SENDAI]: EVERSENDAI CORPORATION BERHAD
Apr 2, 2018 12:03 AM | Report Abuse
HYR -- Red Chip. Don't buy at PE higher than 1.5x. Standard PE before collapse. Re: Xinquan, CSL, CAP, Maxwell, MSP, Kanger
Sendai -- High risk stock unless you are so confident with its major shareholders. Take Q from Linear Corp, Masterskill, William Cheng, Chen Lip Keong.
Jaks -- Very high risk to lose money buying at 1.40 Potential dumping by someone not able to get board representation, and cannot go for GO. Donald Duck tsunami kills all punters with no mercy.
Posted by ks55 > Sep 2, 2018 12:54 PM | Report Abuse X
After I highlighted so much adverse publicity on LICB, LICB price still go up? It falls back to a SPM Level Exam question on Supply/ Demand.
Just like Jaks, if KYY buys, Jaks moves north. When KYY stop buying, Jaks tanks. When KYY selling (forced sale or otherwise), Jaks goes holland.
Jaks has been drifting lower and lower as KYY selling slower and slower.
LionIndustries is no exception. KYY buys, LICB soars. KYY stop buying, LICB tanks. KYY selling on Monday, LICB goes holland.
Nothing new. Simple economics of SPM level. All demand previously were artificially, meaning by market operator KYY with some machai following behind. If you are one of the machai, be sensitive and sell when KYY stop buying. Clear your position when KYY starts to sell, even with slightest shadow of doubt and you should have cleared all.
Investment in Parkson was not impaired in last QR. 380 million TNB bill (now should be more) owed by LionCorp still find no solution even moratorium after moratorium by WC. TNB CEO must ask for cash advance before power to be supplier by LCB substitute, or it will again owed by hundreds of million with no intention to pay.
History repeated too many times under able leadership of WC, starting with Lion Flagship company Amsteel Corp Bhd, to Lion Corp, to Lion Diversified, along the way with Megasteel, Amsteel Securities, all Parade Shopping Malls. They are having meeting in holland, waiting to welcome Parkson Reatil Asia, Parkson Retail Group Ltd, and Parkson Holding Bhd......
If best buy at current price, why KYY selling non-stop? Selling from Monday to Thursday, and yet he claimed he was not so desperate to sell at that price level.
"I assure you that I am not so desperate to sell at this price level." "I still have about 72 million shares"
Is it true he still has 72 million when he wrote on Thursday night?
Are you sure KYY no sell below 95.5? You got read 21st Dec Bursa filing? I thought KYY is super investor. Why many stocks he lost big amount lately? Earlier is Jaks and now Sendai.
21-Dec-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 171,100 shares on 20-Dec-2018. 21-Dec-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 600,000 shares on 19-Dec-2018. 21-Dec-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 496,900 shares on 18-Dec-2018. 21-Dec-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 1,000,000 shares on 17-Dec-2018.
Posted by fortunee > Dec 22, 2018 07:52 PM | Report Abuse MR KOON YEW YIN (a substantial shareholder) acquired 2,007,700 shares on 17-Apr-2018. The price range on 17-Apr was 0.955-0.99. At least now we know he most probably will not sell Sendai below 0.955 https://youtu.be/pnrl_U7vj%2Dk
KYY panic sell ah.....that means can buy now...right? Recent gut wrenching market can also keep him awake all night ah...poor soul.....at that age...pity la.
I guess bank force-sell 2,3 million kyy shares from 0.55 to 0.48 . It was not his panic sell as reported. He used margin to buy , but , when the price of Sendai dropped , he might not have that huge sum of money to top up the margin . Thus the bank force sell some shares to cover the margin. The small lost was minimal as compared with the huge sum he made in recent years.
In KYY I trust!!! Holding Sendai for nearly 1 years already, didn't sell on the top but average down at 55.5sen. Current price just passed my average price!!!
Why so pessimistic on this company? Result not that bad. Valuation not that expensive. Is there news or event that can super negatively affect the profit? If not, mayb all this is just sentiments..
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....
3iii
13,176 posts
Posted by 3iii > 2018-12-21 09:06 | Report Abuse
Reminder
CFO resigned few months ago.