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Looks like Inari is very sensitive to 16/12 Broadcom - 3% & Nasdaq index - 2.5%
17/12/21 Short Selling of 4mil shares at 3.82.
Retailers better be Alert and take Action, with latest Apple news to make their own parts in USA.
Hari Hari Short sellers selling plus staff ESOS sold
Inari Net Short on 7/12/21 by funds 21.7mil shares.
Still too early to jump in as No Strong technical buy signal for mid term. Funds started leaving 2/12..
Patience, wait for Bottom Catch. As my capital is small, I can wait. Meanwhile I trade penny stock for daily 3% contra. My 60mins chart, banker funds Exited, will wait until they come back next year. Inari Net Short on 7/12/21 by funds 21.7mil shares.
Foreign institutions are net buyer of Inari at total RM875mil up to the article dated 27-Nov-2021 by The Star; while Local institutions and retail investors are net seller at RM757mil and RM182mil respectively, stated in the same article I shared above.
Bursa rules are pro Big funds and Super rich. It handicapped small time investors.
I only have tiny capital but Lots of free time in old folks home. Read and study every day to contribute to small time retailers so as not to get burnt by Manipulators Bursa supported. I don't own shares in Inari yet. Will buy when time is right, so get free hokkien mee and kopi-O
Angeline, we invest our hard earn money to grow, not to lose. At present the Tech companies are highly overvalued, the upside, (10%) is limited with downside of 30%. My capital is small so I look companies for 50% Upside vs 5% downside, within 3 months.
Inari is in danger with latest Apple move to manufacture their own parts!
broadcom back to 634.96USD close on Friday and after hours 18/12 is on 637USD. just few step to 644 it's previous record high.
Apple (AAPL) purchases RF-front parts from Broadcom (AVGO), Skyworks (SWKS), Qorvo (NASDAQ:QRVO) and Qualcomm (QCOM), including amplifiers, filters and switches and "we have heard of no plans for Apple to insource these parts that require very specific recipes, intellectual property and specialty materials/fabs," the analyst added.
