As I write this post, the Bakrie group's shares are rising at a high rate. As you know, the Bakrie group's shares have been sitting at the gocap level for a long time, aka Rp50. Bakrie group stocks that have been on the rise for the past few days between BUMI and BRMS. Even these stocks are now busy being the subject of discussion and trader hunting, rather than LQ45 stocks.
Positive sentiment, among others, came from the rebound in crude oil prices, BUMI's PKPU, and BUMI's debt restructuring (BUMI plans to convert debt into shares to pay off its debts). Some parties claim that the BUMI debt case will soon be resolved.
Finally, the shares of the Bakrie group began to soar. As of this afternoon, BUMI has been hit by the top auto reject (ARA) at the price of 202. BRMS has increased by 25%. Will other Bakrie stock groups be raised as well? Well, we don't know for sure. If you look at the movement of other Bakrie stock groups, the bookies are likely to raise them.
In this post, I find Bakrie group shares that are quite interesting for us to look at together, namely PT Energi Mega Persada (ENRG) shares. Look at the ENRG chart. This afternoon the price of ENRG was still high, but today's volume is very large.
ENRG is a share of the Bakrie Group. Since the stock of other bakrie groups rose, ENRG is still sleeping too. However, there is one interesting thing that deserves attention, namely today's ENRG volume is very large but the price is still in the 50-55 range. Guess what?
"There is an accumulation of market makers " Your answer
Precisely. You are smart. The large volume of ENRG shares that is not accompanied by a significant price increase indicates that ENRG is being accumulated by the bookie. Similar to BUMI's stock which has happened several times. There is a city war against retail investors here. To prove it, now consider the ENRG stock bid-lot queue.
The dealer tries to enter a bid of 515,010 lots. This means that the dealer is trying to raise the price of ENRG's shares, by provoking retail investors' buying interest. Bids that suddenly come this much, show that there is a dealer's intention to increase the stock price.
But if you pay attention, the offer queue is much bigger, even up to 1 million lots more for queues 53-55. Who are the people queuing up to these millions of lots? Most likely they are retail investors who want to sell their stuck shares. In this way too, the dealer actually also lures retail investors who are eager to sell their shares to include it in the offer price. The goal, so that the dealers can take shares by crashing the offer price (although, I'm sure the dealers will find it difficult to spend that much offer).
The accumulated dealer tries to spend the offer lot price 51. The dealer successfully accumulates at price 50 and price 51. Look at the ENRG queuing system below.
This is where the city wars vs retail investors occur. Retail investors who may have their shares stuck in gocap, want to sell their shares quickly, that's why ENRG's share price is difficult to rise again. Pay attention to the bid-offer below, the price of 51 in the bid price that the dealer tried to accumulate with a total of 861,267 lots sold out again.
The dealer continues to be seen trying to accumulate shares at a price of 50 to 2 million lots more with a bid lot of 805. Just think about who else's job if not the dealer's job. Maybe here there are also retail investors who have dared to enter a bid at the price of Rp50 because they believe that ENRG will fly high.
It seems that these bookies plan to get goods at Rp50 and be able to sell them at a high priceiii... That's why bid lots at Rp50 are filled up a lot. Pay attention to the bid lot below.
At the end of the session, I saw that the dealers started to dare to accumulate larger amounts, because by the end of the session, the bid price had reached Rp52 with bid lots of 2,092,528 lots. Take a look at the ENRG bid-offer below.
How will ENRG move in the future? In my view, ENRG is likely to be lifted up like other Bakrie stocks. The dealer is likely to win in the accumulation of prices, because the dealer's strategy is to place a bid at 50-52 with a large value, with the aim of convincing retail investors to also buy this stock (the dealer gives a signal that the price will go up). Later, if there are many who make requests (according to the law of supply-demand), prices will rise.
But again, even large volumes are not a guarantee that prices will definitely go up. Take a look at one of the Bakrie groups below, UNSP shares.
UNSP was seen several times accumulated with very large volumes, but its share price did not go up. Yes, it's still at the gocap level, aka IDR 50 per share.
Especially if you notice that there are a lot of ENRG shares offer lots (who want to sell a lot). The taste is, it's also difficult if you want to spend that many offers. The dealer may "ask for help" retail investors to accumulate by spending the offer (hit right).
"So Brother Heze, should I buy this stock?" Your question is full of curiosity
As I have explained, there is a possibility that this stock will be raised like other Bakrie group stocks. But you need to remember, since ENRG's stock was still moving at the level of 87-98 in 2014, its shares have included fried stocks, which have very high volatility. If tomorrow ENRG is raised high, you can buy the shares, but you have to be aware of the volatility in this ENRG stock.
