Merkado PH

Here's a classic pump and dump we have seen last Friday, 26 June on APVI.  APVI was approved by PSE to participate in trading thru Listing by Way of Introduction. It is like IPO but no public offering, the shares can be traded on the trading floor with no ceiling on its first day.  1,700+% up. Opened at 40, with high at 240 and closed at 18.50 Par value is 1peso, 100M shares at 10.10 per share 100k shares by Abacus before closing. May laro but remember the ceiling will be at 27 pesos. Risk > reward. I'll just focus on $DITO instead.  Newbies avoid at all cost. Scalpers, good luck and TAYOR. 

Here's Merkado PH's recap on PSE for June 25, 2020:

Dito Tel has been one of the hottest stocks lately. How you will trade it?  YTD is 7.85%  MTD is 64.89% Today's high is at 3.92 and low at 3.66, closed at 3.71.  Chupit moves: Enter below 3.6 area and wait till its pumped to 4.  TP is 4 Check the Ask volume at 4 if it reaches at least 1M.  Sell if the buying at 4 pesos becomes slow-moving  Hold and sell at 4.05-4.1 if the asks at 4 pesos is filled within seconds. or just sell when you are happy.  Use min chart for price action  1st support 3.29 2nd support 2.56 - you can do test buy again here and hold.  Stay safe, stay home and trade!