Look at the Harbour stock prices, is this stock going to fly? Early this year the share price was below RM1.40, low about RM1.35. Then from RM1.38 up 15% to RM1.59 within a day. The few days later hit RM1.63 and then the next day dropped 9% to RM1.48. Untraded for a day and hit RM1.62.
Why? Maybe got people want to buy with huge quantity? Gradually got buyer que at higher and higher bid. Is this the same group of people? Because suddenly one day all buyers at high price were gone, resulted in price dropped to RM1.48.
Or could it be someone just want to buy 100,000 shares and that's all? Past two weeks volume less than 100,000 shares. If the trades completed, then the buying will be stopped and price may drop.
This stock very illiquid. Really don't know what is happening. Maybe due to lack of buyer and seller, causing the price to fluctuate greatly.
Why am i looking at this stock? Saw one broker recommend to buy, saying Harbaour target price is RM2.20. But hard to buy because very illiquid. Maybe really have to que. Someone bought it at RM1.40 after que for few days.
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