ARB IOT Group Ltd (ARBB) Quote

Will it start to trend

Thinking about reentering

This stonk has a rep of wash trading before the regular market opens at 9:30 and then tanks
My assumption is wash trading events are associated with insider selling
The idea is to get them all sold as fast as possible
We won’t know until after the 7am platforms opens what the insiders have in mind for the rest of the day

Buy on pullback or no ? Thanks!!

So dumb

https://getyarn.io/yarn-clip/25df0d9a-f8ac-4ca5-a922-8d69aba43206

This is a Singapore stonk vs a Chinese stonk
Singapore stonks are also regularly wash traded as the chart demonstrates with this morning’s pricing at a new high

MONSTER Pre Market open!

MONSTER Pre Market open!

China wants to pump $278 billion into its market. Might be close

Reversal coming. Way oversold

Monster rebound ...ONE DAY ...

Round #2

A textbook example of wash trading so insiders could dump
RNotice the day before
The insiders negotiate with a broker, for a fee, of course, to execute synthetic trades
The Webull platform has become the go to platform for dumping insider stock
All the shares have been sold before 7:30

Here comes the insider selling

Short Interest
June 2023Current Month18.7KPrevious Month32.7KPercent of Float1.50%Days to Cover0.9098 Days
Share Information
ARBB is in a share class of common stockFloat1.3MShares Outstanding26.3MInstitutions Holding Shares--% Held by Institutions

ARB IOT Group Ltd NASDAQ: ARBB

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Information Technology : IT Services | | Based in SingaporeCompany profile
ARB IOT Group Limited is a provider of solutions for the integration of Internet of Things (IoT) systems and devices from design to project deployment. Its business lines include IoT Smart Home & Building, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. IoT Smart Home & Building business design and implement smart home & building solutions, which can integrate a range of electrical appliances, centralized control, and remote monitoring, accessible via mobile devices and windows operating systems. IoT Smart Agriculture business offers services of supply, installation, commissioning, and testing of smart hydroponic system which includes IoT concept and functionality to the current existing hydroponic system. IoT System Development business provides industrial building management system on construction projects to improve the efficiency of construction projects. IoT Gadget Distribution business supporting the marketing and sales of mobile gadget accessories.

I picked up some here today a touch below $4. This will fly one day IMO.....26.xM OS - 1.3mil or so float, insiders own most and are locked in for some time. UCAR, TOP, other IPO profits can come here quick and off it can go fast and hard. good luck!

Bought at $4.46.
Stock trying to break past $4.50 and head to $5.
Needs way more volume.
Let's see what after lunch crowd thinks.

UCAR getting dumped hard.
JYD following UCAR into the abyss.

Someone is buying

Massively undervalued...10x plus return potential

The market is sleeping on this one given it IPOd on a holiday week. IoT systems and solutions provider that operates in high growth markets in APAC and looking to expand. 778% revenue growth in most recent year with strong earnings (<6x pro forma PE) and operating cash flow. Only 1.3mm share float and the rest is owned by the parent company, not institutional investors. Thus, there shouldn't be an overhang as the parent has every incentive to maximize the stock price. I expect them to look at acquisitions once the stock price achieves an appropriate PE multiple.

In my view, the stock will explode higher once there's even a modest amount of buying.

watching

ARBB: Should launch their "IPO" shortly, if not yesterday (HA-HAAAA!!)