According To Sources...

Dedicated to tklaw

From the posting: And Our Financial Press Drives Up A Stock!

• tklaw said...
  That's great. Moolah, I am so eager to know those irresponsible stock boosters sucking blood secretly from retail investors. It will definitely help… serve as a first level firewall to alert the blacklisted financial journalist/analyst from investment banker. They should bear the blame for low participation of retail investors in KLSE. Many thanks.

21st April 2009: According To Sources: Proton To... Stock of course rallied but later that evening, the whole thing was denied by Proton. According To Dunno What Rumours: Proton Is NOT ..

The trading data for DRB for April 2009: http://finance.yahoo.com/q/hp?s=1619.KL&a=03&b=1&c=2009&d=03&e=30&f=2009&g=d

The stock had broke out on the 13th April 2009 out of its 75 sen range. Volume had increased nicely compared to previously. Then on the 20th April the stock trading increased 5 times to close at a high of 1.08. What was happening? What was causing DRB to move up like this?

Then came the massive article on 21st April! Huge speculative article was out. DRB was deemed as a huge potential beneficiary IF Proton was to divest Proton Edar to EON!

Needless to say, trading got extremely hot on the 21st April 2009!

With the news on the 21st April 2009, this give a whole new understanding on what was happening the previous trading day with the stock experiencing a massive sudden increase in trading volume. How did the market 'know'? Isn't it incredible that the market could 'know' before hand a sexy story would be published on the stock?

And since Proton denied everything... by the 15th May 2009, DRB fell to as low as 93 sen.

Do review that article on the 21st April 2009 again. According To Sources: Proton To...

28 May 2008: More Typical Poor Financial Reporting Again!

9 May 2008: According to Sources Yet Again!

18 June 2007: Do you think that Bursa should take action against misleading reporting? and According to Sources: Ranhill Strikes Oil!!!!!!!!

13 June 2007: TWSCorp

14 May 2007: What lies the future of OUR Financial News

4 Jan 2007: Same old, same old start to the New Year!!! (** Recommended **)

Dec 2006: Where is the Integrity of Our Financial Press? ( ** Highly recommended ** )


There are actually many more articles.

Sigh.