On July 20, there were a few buyers willing to buy a few thousand lots (100 units each) @ 0.055 and some sellers offering to sell @0.065. I had been telling myself not to subject myself vulnerable to this possibility. But 40,000 shares @ 0.005 mean Rm200 difference. So I keyed in to sell at Rm0.06.
Soon after, the total for sale at 6 sen (my 400 lots) was increased by someone to 1830 lots. Then it happened! This is common and likely to be the work of someone whose duty is to buy a minimum of 1 lot so that the share price shows an increase in price. The total lots sold increased from 50 to 51 and the number of lots for sale at 6 sen reduced to 1829. I knew I had it because this particular counter has been inactive for a long while, with rise or drop in price of 1/2 or 1 sen only. Sure enough, at the end of trading for the day, total lots sold remained at 51 and I had 399 lots unsold!
Proceeds from sale of 100 shares @ 6 sen: Rm6.00
Less: minimum brokerage of Rm12.00, Rm1.00 contract stamp and clearing fee of 1 sen
Net due from me: Rm7.01!
But I take it as a lesson learnt as well as a sign for me to keep the shares instead.