Truths Half Truths & Deceptions

Dystopian

Hartalega Touches RM10

Is something going on in Hartalega (5168)? It looks like someone or something is jamming a price squeeze on the stock. Its share price has risen 9 days consecutively including another 245sen jump in price this morning. I have been watching how its daily share price movements and can't help but conclude that its volatility for a big cap looks, le...

AEON Credit What Can I Say

AEON Credit (5139) - not too bad for a day trade but I am NOT (errata) going to take the full credit for its performance for the day. Honestly, however, I am puzzled with how some investors overreacted. On the day it closed up instead of down. The intra-day high of RM13.48 was even more of a stretch of incredible irrationality. Save for the pos...

IJacobs Back On The Radar

My last post on IJacobs (0162) in August turned out to be exactly that and a nightmare for many. Its price plunged twice. The one last month was nail biting given that the proposals to acquire Widad Builders, the basis for its transformation and price rise (without it, if the deal failed - price could easily collapsed back to the mid twenties) w...

MUI Industries A Simple Game Theory

MUI Industries (3891) have ratcheted up the volume leader board this week. Again like in past episodes on the same old revaluation playbook. The buzz in the street this time is Andrew Khoo. The reaction in the market rides the same old story about the sharp discount of its market price to RNAV. Tantalizing no doubt. As always, the zillion dollar...

Bitcoins Idiots Are Coming In To Buy

Bubbles, bubbles, everywhere.  BitCoin has passed tulips in 1637 as the biggest bubble that ever existed. The S&P bubble (see yesterday's post) is only up 300% in 8 years – hardly a blip on a chart where BitCoins (/XBT) is now up 6,500% in 3 years. Amazingly, it was only two weeks ago when I said "We Will All Be Billionaires" if the markets...

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