Very good operator but I smell the track... 8.59 park the bus there 2000 q buy and never change except adding it in small number, continuously keep adding sell in 100 and 200....throughout the day for the past 2-3days, very clean sheet!
Duit I don't know for sure :). Watching and learning...cause I think I am too late for this.....was busy...under my radar, miss this one. Certainly this been cornered....been steady for sometime.
Don't you think the q buy weird? If so many q from different buyer...surely they will jump and makan seller...long time ago!
When you monitor closely...8.59 they bring the "bus and park" at q buy.....some 2000 and leave it there for whole day....at same time feeding buyer with 100,200 each time slowly thru out the day.
When this kind of pattern happen at lower price or at consolidation stages then we call it accumulation but at higher stages we call it distribution.
i agree with u Pavillion..they parking the buy q...looking at the past few weeks its steady buying...But now im not sure we are at accumulation or distribution stage
I am observing this share everyday. For the past few days, the selling rate is more than 50%. It means the owners who park at the q to buy was absorbing the selling pressure. Today, they let go and surprised no free fall. The volume was not huge today. The final hour, the share price was back to unchange, RM 1.30. Final minute, about 500,000 units were bought at RM1.30. Lowest RM1.26. I think it has yet to reach distribution stage. I guess the owners may want to hold the price in order to keep the reputation of the company. They may want to dispose some of their shares but at the same time I guess they still want to hold the price. They want to give confidence to buyers to keep the shares for longer term. I do not think they will let it fall freely. The number of share issued were not huge. It is not so difficult to control the share price. I may sound silly but I could not find a good reason why the share prices were performing such way since it was listed. Just my personal view with no solid support evidence.
Unimech is a good buy but the volume is too small and I am lack of patience to wait. However, when the time comes, they do not need a big volume to push it up. I like Danco cause the owners are very determined to hold the share price and we can sleep soundly even though during bad time.The market sentiment was not good for the past few days but the share price for Danco is still unchanged. Russell, when volume is small, it means the selling pressure is almost over. If the market sentiment is better, the next rally will be on, then we will see the volume. Cheers......
Russell, u r right. I have got some during the IPO and accumulated some more and hold til now. I like the owners of Danco who are really serious in holding the share price. Yayasan Islam Terengganu has sold 3,500.000 units on Sept 13. The share price was still closed at RM1.30 unchanged on Sept 13. Who is supporting it? Should be the owners of Danco. The best part in investing money in Danco is we will never worry about the share price will drop more than 2 cents ( The worst performance was on Aug 30th, dropped 2 cents ) When the selling pressure is over and the market sentiment is recovering, I am expecting the next rally anytime soon. Cheers................
Russell, you might be right. One thing for sure, the owners are supporting the share price at RM1.30. Owners are absorbing selling pressure at RM1.27, RM1.28 and RM1.29 for the past 2 weeks. Owners will start to push the price back to RM1.30 at 4.40pm. They do the same for the past 2 weeks. Last Friday, they were supporting it lowest at RM1.29. Probably, owners are comfortable at RM1.30 now. However, I still believe they will act soon.
Russell, have you made some money? Finally..... after a long wait. Anyway, need to be very cautious and monitor closely. Based on my analysis, owners have accumulated quite a lot of shares while trying to support the share price in between RM1.28 to RM1.32 for the past few weeks. Based on the volume today that is actually not huge, I believe onwers are still holding quite a lot of shares. When the supply of share is less and the demand is greater, the share price will go up with just a small push by the owners. Owners may dispose some of their shares but I believe they will not let the share price plunge. Let's monitor the volume tomorrow.
chong i have taken some profit and waiting for correction...i believe some distribution is happening now...yes i agree...the public spread is small hence the buy/sell queue can be misleading
The volume was big on Tuesday and Wednesday. Next Monday will be the last day for T+3. Guess it will stablize above RM1.30. Next week should be the time to accumulate. What do you think, Russell?
Owners are still holding a lot. As expected, it rebounded today after the last day of T+3 yesterday. I do not know why I have no worry about this counter and totally trust that the share price will stay high before owners dispose their shares. Cheers.............
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....
duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2016-08-29 16:23 | Report Abuse
duitKWSPkita thank you EPF syariah to acquire big in DANCO....