Tuesday, May 15, 2018
Post GE14 : limit down and selldown
GE14 : BN lost for the first time. Market re-acted crazily ... opening down and dived to minus 40 plus, rebounded to see green ... plus almost 30points but in last half-hour, selldown to close plus 3.91 points yesterday. VERY huge volume registered too ....some RM7bil plus traded.
Cuscapi : from 35.5cents before election ... gapped down and closed at 21.5cents yesterday
Destini : from 43cents ... to close at 25.5cents. Hope no one holding to this one ... the so-called election-rally play.
Eforce : opened with a limit down price at 69cents. Eforce-wa limit-down too
Fajar : broken 48cents support and closed at 43cents.
GBGAQRS : from RM1.60 ... opened limit-down at RM1.12. No escape for those holding.
GKent : Limit down ... closed at RM2.76
IJM : from RM2.65 ... it closed at RM2.27 ... with a very huge volume.
IWCity : many newbies, retailers stuck inside this one ... when it surged up crazily ... to trap them. PUMPED ... the gap down/limit down back then would be a forced-selling ... well, yesterday it gapped down further.
Malton : closed at 66cents, from 78.5 before GE14
MyEg : Lost RM2.7bil of its market cap, reported in The Edge. Opened and closed limit down RM1.81
Presbhd : Limit down too ... closed RM1.16
WCT : limit down to close at 90cents, new low. Penny-stock now.
There are many many more ... many under construction-sector as many projects will be reviewed.
Time to check what to buy for today.
Yesterdays good trade was MMCCorp : bought 1.51-1.53 .... and sold RM1.69.