Operators wouldn't let the price pass through 9 cents before PP is completely done. Might repeat the sideway from 8.5 to 7.5 like last week. Holding power required, any further price drop is an opportunity to enter.
PP isn't completed yet, wouldn't surprise if the price won't move up. Based on this morning's selling pressure there's a chance of going back to 7.5 which is good for collecting. Overall, just buy & hold instead of trading.
Operators are monitoring the counter well. Huge buy vol queued at 0.08 today , most probably baiting for those contra traders to force sell today who bought high on Tuesday @ 9.5-10
Early in morning 10am over 20mil unit of buy queue at 0.075 disappeared in a minute , many retailers buying at 0.075 (seller price) till now. Every time when 7.5 cent is cleared there are blockage that kept on throwing price at 7.5 cent, 500 lot per queue if you guys do notice. I wonder if operators are TP immediately after PP is completed (Pp price 0.065)
Same trick repeated again. Early in morning many bought @ 0.08 and got pushed down immediately by operators , now baiting retailers to buy at 7.5 again.
With this continuous situation I am expecting the price to be further gapped down to 0.07, as they have been baiting retailers to buy @ 7.5 cents since Friday , those who believe this counter will fly very soon will be trapped
This counter will gap up anytime after the completion of PP since last Thursday. It seems that operators are pushing down the price via punishing retailers/contrarian who bought massively at 7.5-8 cents recently. With this situation I personally doubt it will spike up too very soon. This scenario is much similar to Mtouche, where the counter got pressed down to 5-5.5 cent from 7 cents after the listing was completed. It then flew up to 0.1++ a month later (most importantly both counters are under the same operators)
7.5 cents is a good price to hold, just DON'T contra will do.
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....
Ginduchti
240 posts
Posted by Ginduchti > 2020-11-19 00:00 | Report Abuse
Operators wouldn't let the price pass through 9 cents before PP is completely done. Might repeat the sideway from 8.5 to 7.5 like last week. Holding power required, any further price drop is an opportunity to enter.