lol, i follow shark only, me small fish ok. I didnt not average down last time, already throw at 0.645 earning 1 cent that time. 0.55 is brand new. Still thinking want to get back @ 0.575 or not. 0.58 should be broke to have next stop 0.6.
for a good stock and at a historical low price, without any bad news, putting high sell queue doesnt seem to do anything. We didn't got scare off either... only one thing is that he has controlled most of the floating share.
But still, unless the shark entry price is from two years before. If not, suddenly a big shark come and eat your share (is just 1 million), you would have realized a big loss.
I also dunno, since it a low volume stock and not many have eyes on it.
Usually high block is use for uptrend stock, i.e greatech, putting 100k lot suddenly in sell queue will scare traders to take profit. This is to eliminate the numbers of sellers later on for them to goreng up the stock easier.
downtrend stock only earn big, chase high you have higher risk. but at this value, how much can you lose? even for long term, buy a stock with good fundamental, we see how much we can lose but not how much we can win.
you can see my previous comment on my trading in this counter. now 0.55 is another buy point. also final support point if you see in two years trend, when it started to spike up @ march 2017. after 0.55 next is 0.47. I will cut if drop 0.53, sell some @0.585, thinking this final support will have a longer uptrend later on.
which sifu call buy haha. actually he not entirely wrong. just that you no exit. if you see back technical 70,65, 60 and 55 consider support point. but in downtrend stock, it will form lower high and lower low, so you buy in lower low (support point) and sell before the next resistance (lower high). study some technical will aid you on that.
this stock high dividend yield, many fund will come in purchase, of course purchase from epf since they have 13% share. Is normal for EPF to dispose. I will continue ride the wave as long as support 2.48 is maintained.