Those big q are obviously fake, they will create a fake big buying support to lure retailer to eat the ticket.those q will dissappear in a blink of an eye.and did u realise those sell q keep appearing non stop?so who is holding so much ticket? this has been happening many weeks ago. just my personal observation no buy or sell suggestions.

But do take note Summit & kendall already cease to be substantial via direct transaction, to whom?,means u can't trace their movements anymore. On the other hand CC puan starts to buy aggressively this month. so what's gonna happen next? sendiri fikir laa...Lol

Zi Wei, I am not sure either. Based on 2018 annnual report top 30 shareholding info, top 30 owns 69% of its total numbers of shares. Very little funds/insti in it. 2019 annual report is not out yet and Kendall court came into the picture last year with 100M pp shares. By the sheer of its selling strength in recent weeks, there could be further changes in ownership apart from Kendall Court exit. Large block of share sales by major shareholders could have triggered the individual insiders/retailers to join in to sell due to fear/emotions. The imbalance between supply and demand forces it to go down fiercely and will continue until new buyers believes that its a good deal to get on board. Only then we will see price support coming into the picture. Technically, let’s not forget that there were existing shareholders that have been holding the shares for a long time (stuck since 2009/2010 at >$1.0) and the share price remained dormant below $1.0 forming rounding bottom until it spikes back to $1.0. New buyers jumped in and pushes it higher irrationally and I would think the previous shareholders that were stuck for years would have started liquidating their positions making it a bull trap starting with bear runaways on 19th May. Kendall Court transactions further triggered the panic sales until where it is today. That’s how i see it based on the limited information and visibility on 2019 top 30 shareholdings information. Could be wrong and hope it helps.

Yes, he is. As the price marches down towards its decade long rounding bottom’s trajectory, we should see stability and support then. After all, it seems that the “bowl” is incomplete yet. Definitely an interesting psychological moves between the buyers and sellers. Good learning opportunity :)

Unfortunately it is, Anson. Pricing and timing wise depends on individual’s interpretation of the bowl or rather psychology behind the buyer/seller transactions. A “strong” stock for traders but not easy to trade. Not appealing for fundamental investors by the count of runaways :)

Lol, call it any type of fish but it looks like the “Empurau” breed. Once you taste it, you will be looking for more perhaps. And can be costly if you catch it too early as “Empurau” takes a year or two to reach mature state.

For investing to be reliably successful, an accurate estimate of fair (intrinsic value) value is the indispensable starting point. Without it, any hope for consistent success as an investor is just that: hope.
HHC’s method is the right one except that he still has the feeling of fear mentality and market experience.