I thought of using my favourite racing-higher title for this stock. But I decided to reserve for next round. Anyway, suffice to say today is a good run for Presbhd. Daily price movement is like climbing a mountain trajectory. Friday had similar pattern. But that is not what I want to talk about. But rather I want to talk about how a trained and seasoned stockist could smell something especially when this happened on the top of one big transaction crossed at RM2.40 with values close to RM1 mil mark in a single scoop. In fact, there was another even bigger scoop crossed at RM2.35. The fellow who made that call might get sack because he/she has literally lost more than RM30,000 in a day based on today's closing price. Or is it really the case? There's no smoke without fire.
Wait a minute. EPF, KWAP and a company director have been net buyers of the stocks in recent times. It's as clear as daylight if you know what I mean.