Tony Fernandes is probably the king of all lobangs.
Admin fee also can scrap, with RM6bil+ worth of debt, how can he still afford to cut corners? That's why he fainted the other week lah.
My Rating: SELL with a TP of RM1.02.
Market Summary:
The market's been a little erratic lately, with a prolonged correction lasting 7 days. Of course, that I'm not interested in, since I'm still bearish with a target CI of about 980 - 1020 (end July).
So in bear markets, the other only way to make chicken scratch is to look for short term gems. I've got 1 in hand (TOPGLOV 7113) right now which I'm heavily monitoring because of questionable movements. Wait till I sell it off first (when it hit my TP) then only I'll write about it.
Admin fee also can scrap, with RM6bil+ worth of debt, how can he still afford to cut corners? That's why he fainted the other week lah.
My Rating: SELL with a TP of RM1.02.
Market Summary:
The market's been a little erratic lately, with a prolonged correction lasting 7 days. Of course, that I'm not interested in, since I'm still bearish with a target CI of about 980 - 1020 (end July).
So in bear markets, the other only way to make chicken scratch is to look for short term gems. I've got 1 in hand (TOPGLOV 7113) right now which I'm heavily monitoring because of questionable movements. Wait till I sell it off first (when it hit my TP) then only I'll write about it.
In the meantime, if anybody can explain the massive SQ @ 6.50 for TOPGLOV, I'd be thankful. I suspect somebody's blocking the share from rising in preparation for something. It's been there the entire day, with lots of small volume 1-5 lot trades @6.50 in between bigger volumes of 100-200 @6.45. TCP (Theoretical Closing Price) was pushed up to 6.50 (smart move) with 500 lots done in the minute before the market was trading at Last.
Could the sharks be fishing? See tmrw first lah haha.
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