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 Chinese Cement Maker 99% Crash in 15 Minutes

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TRAZE99
post Apr 10 2024, 08:26 PM

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QUOTE(Phoenix_KL @ Apr 10 2024, 08:20 PM)
director also dump and run
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i think already planned , abo how to be so precise make it all happened in 15 minutes. almost like margin call movie.
s[H]sIkuA
post Apr 10 2024, 08:36 PM

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Lul rugged
spursfan
post Apr 10 2024, 08:37 PM

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QUOTE(moiskyrie @ Apr 10 2024, 07:26 PM)
No worry....
Soon linggit will also same.....
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1. leverage to your limit
2. buy some usd
3. wait for the ringgit to die
4. ???
5. profits
Questions12345
post Apr 10 2024, 08:43 PM

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QUOTE(TRAZE99 @ Apr 10 2024, 08:26 PM)
i think already planned , abo how to be so precise make it all happened in 15 minutes. almost like margin call movie.
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Lol no la. The liquidity is not even strong for them to make an exit. 1 investment vehicle holding 70% of the shares is not even remotely possible for them to dump all. If u go through the transaction details during the dump, the liquidity is almost non existent. The price just jump from 4.8 to 4.5 then 4.2 in few seconds with little volume. There’s barely anyone queuing to buy except at very bottom around 0.05. I believe director pledge his holdings to make loans but kena margin call when cant make interest payments.
empyreal
post Apr 10 2024, 08:48 PM

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Im thinking its just a technical issue. Low float probably contributed to the lowest buyer getting his order filled, and that left the last traded price at basically nothing.

Id be surprised if it doesnt bounce next trading session.
Adelyyne
post Apr 10 2024, 08:49 PM

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QUOTE(likefunyouare @ Apr 10 2024, 07:02 PM)
marketcap HK$14.6B> HK$0.141B

LoL
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What does the B at the end of HK$14.6 or the HK$0.141B mean??

Thanks 😊😊
Etude8891
post Apr 10 2024, 08:50 PM

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QUOTE(Adelyyne @ Apr 10 2024, 08:49 PM)
What does the B at the end of HK$14.6 or the HK$0.141B mean??

Thanks 😊😊
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billion
Adelyyne
post Apr 10 2024, 08:55 PM

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QUOTE(Etude8891 @ Apr 10 2024, 08:50 PM)
billion
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Thanks.

I was wondering a bit is it B for Buying Price??

πŸ™„πŸ™„
LowKeras
post Apr 10 2024, 09:21 PM

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Did whole family jump from the roof?
denver1347
post Apr 10 2024, 09:25 PM

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QUOTE(narf03 @ Apr 10 2024, 07:28 PM)
worth to spend rm1000 to buy in, maybe can make 100x profit, risk that rm1k only.
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Suspend trading already.
SUSyolldddd
post Apr 10 2024, 09:36 PM

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But yyyyyy
SUSredic
post Apr 10 2024, 09:37 PM

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CCP cannot trust

wumaos all very quiet
vexus
post Apr 10 2024, 09:54 PM

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alot of china company empty asset. All floating till collapse
mois
post Apr 10 2024, 09:56 PM

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Only 1 country stock market is worth to look at. That is USA. Other country stock market doesnt equal to their economy growth.
TRAZE99
post Apr 10 2024, 09:59 PM

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QUOTE(vexus @ Apr 10 2024, 09:54 PM)
alot of china company empty asset. All floating till collapse
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book value only at most, usually they stack debt upon debt where the real money is being sippon off.

almost like the movie "The Goldfinger" .

This post has been edited by TRAZE99: Apr 10 2024, 10:02 PM
Colinlim75
post Apr 10 2024, 10:10 PM

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Waiting for the domino effect

QUOTE(y500 @ Apr 10 2024, 06:50 PM)
user posted image
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kaizoku30
post Apr 10 2024, 10:34 PM

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Ask zeaxg, this wumao got buy HK stock, unlike itu joe_star fake wumao
Efalex
post Apr 10 2024, 10:46 PM

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Now it's a good time to buy?
sadukarzz
post Apr 11 2024, 01:18 AM

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QUOTE(likefunyouare @ Apr 10 2024, 07:02 PM)
marketcap HK$14.6B> HK$0.141B

LoL
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us got enough money to threaten them ma

a few bil USD to buy chinese top secret wor why not
icemanfx
post Apr 11 2024, 03:21 AM

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Almost certain caused by margin call.


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