MAMEE gained RM1.00 or 28.7% to RM4.48 with 10000 shares traded at this price. This is quite unusual. Based on yesterday close price of RM3.48, I guess that someone have key in BUY order wrongly.
Lesson learnt:
1. Check your order 3 times before keying in (for those that trade directly using Internet).
2. When you see large price increase with huge spread between BUY and SELL, then most probably it is a wrong order.
3. Capitalizing on human mistake, sometimes you can consistently key in SELL order at price way above yesterday close, especially on low liquidity stock. If someone key in wrongly to BUY your offer, you gained the $ from their mistake.
ONLINE STORE - salvadordali
8 months ago
Hi,
ReplyDeleteI have checked the quantity done at RM4.48, it is just 700 shares. Total at that time was 10000.
Yes, you r right. We can capitalise on the mistake and I have posted it last week. It is one of the 52 Ways of making money in stock market.
For more on the 52 ways, can visit my blog for. Thanks