Those who have chased high are said to be crucified sooner than you could imagine. The sudden surge has been motivated with agenda and the surge is unstainable. Basically, it is a mirage.
Out of the blue, salute is super- alive like the" active volcano " erupting fast and furious but it remains to be seen whether it is sustainable or not .....
0183 SALUTE, SALUTICA BERHAD - + SALUTE - Unusual Market Activity 31 Oct 2023, 17:46 SALUTE - Unusual Market Activity SALUTE - Unusual Market Activity ILC-31102023-00007 Bursa Malaysia Securities Berhad has on 31 Oct 2023 issued an UMA query on the sharp rise in the price and trading volume of the abovementioned security recently. In this respect, investors are advised to take note of the Company?s reply to the above UMA query which will be posted at Bursa Malaysia?s website under the company announcements,http://www.bursamalaysia.com/market/listed-companies/company-annou' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-annou ncements/ when making their investment decision. The contents of the UMA query is as follows:- We draw your attention to the sharp rise in the price and trading volume of your Company?s shares recently (?trading activity?). In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Paragraph 9.11 of the Main Market Listing Requirements ("LR"): 1. Whether there is any corporate development relating to your Group?s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions; 2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations. Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK. Vice President You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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....
nelsonlim
730 posts
Posted by nelsonlim > 2023-10-11 09:31 | Report Abuse
Unable to dead below 50c