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2010-07-22

CIMB Sale Call For TopGlov - Try To Cause Panic Selling

This from the edge daily:-

“We do not expect the bulls to be able to keep prices up for much longer following the trend line breakdown. Technical landscape looks fragile with RSI now below its support trend line and MACD about to confirm its dead crossover. There are also bearish divergences seen on both its MACD and RSI, which makes the stock a SELL,” it said.

TopGlov just issue bonus share 1:1 so in the market vol of the share will be double, CIMB try to manipulate the weak share holder to sale they share and try to cause panic selling. Price will be mark down few days and will be bottom when the vol is low. During the mark down, big money will buy the share till most of the free flow share in the market sold off.

TopGlov share sure will bounds back higher after the mark down selling.

5 comments:

Ivan July 22, 2010 at 2:18 PM  

Bro,

Thx for sharing .
May I know where are you getting the info from- CIMB sell down?

Seem the big guy has right to legally maunipulate the stock makret? Does the director of topglov know? What can they do? hehe. .

Durian Edge July 23, 2010 at 8:14 AM  

Hi Ivan,

The info is from The Edge website and the sale down is base on the trading day vol. Big money manipulate the share is legal because the news is true just be comment it base on what they want. Same like "The cup is half empty or half full"

Topglov boss will not k if the price did not manipulated down till some level, usually big money will not go to that level because they also 'cari makan' only. Soon after the mark down the share will up again, as long as by year end windows dressing will do their job.

Ivan July 23, 2010 at 9:25 AM  

Bro,

As small investor, nothing we can do.. unless we ride on the trend.. follow the big fish cari makan together only. . .m i m right?

Anonymous July 27, 2010 at 5:14 PM  

so, what is the price for buying? just drop again for more than 20cent

Durian Edge July 27, 2010 at 5:19 PM  

The sign to buy in into the share still did not see yet base on the chart. Big money still not yet test the lowest price yet.

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