moneycashrichI notice the every afternoon session before closing is a 400 or 500 lots to support at higher price to make it close at a nice high price. However, today no closing support is seen. why ? Bad result ? unseen hand at work ? I am very interested.
MangoLassimoneycashrich, sharp eyes you have there. I think its some kind of share buyback by canone, they do it quite frequently (~3 days in a week), but unfortunately not today. I don't see this as a signal of bad results coming.. or maybe it is?
fengtzekaiFunny thing is the price tag of F&B is not given by Can1, but by the buyer. It is funny because Can1 should be the one who is eager to announce rather than potential buyer. So to say that F&B is overpriced when buyer is the one announcing it, I just cant comprehend.
By the way, F&B counters are priced at that kind of PE.
fengtzekaiIf Can1 did a share buyback, it has to make announcement according to the listing requirement. There is no announcement to that effect.
fengtzekaii would tend to agree more with moneycashrich comment on the push at closing
Mat Cendana@ah_boon is right again. Was thinking about buying Canone again after selling last month. But his comment yesterday made me hesitant. Fortunately, as it turns out. The slide today is likely due to some people already knowing the quarter results. Should wait and see the figures and others' analysis first before jumping in.
Have to admit the price now is looking ever more attractive. I'm looking at whether the support holds. It tends to recover in the afternoon, but it doesn't, there will likely be more bleeding ahead. Can't be too hasty in this kind of gloomy market conditions.
michaelwongLast minute fake push to support the price by big timer punters !