When up, nobody praises TS Wong; When down, everyone curses him. How is that fair?? BTW what TS Wong did today is good. He will kick away the weak and uninformed holders to reflect the true value of Palette.
Bra-V is a famous value investor but in this case he loaded tons of warrant which pnly have a very short lifespan till Mar 2018. If he had not have knowledge of the whole gameplan, u think he dared to sailang the warrant??
Palette is going back to where it belong before W-B came into the news...don't ever catch a sharp falling knife, going south for sure !! Ruuunnnnn.....
My E.G. Services Bhd group managing director Wong Thean Soon said he is not planning to acquire diversified entity Malayan United Industries Bhd (MUI).
Wong rubbished news reports which suggested he is planning to acquire MUI since he had earlier bought MUI shares as a passive investment.
He said he had disposed of all of his shareholdings in MUI and Palette, and will refrain from making any passive investments in listed equities in the future.
put it this way.....Malaysia had three notable con artist....ts wong, lim kh, n the most awesome one jlow...... all are smart in making money should learn from them
to begin with... TS Wong only had 12mil shares.Probably spent just like rm100k for it. As long as Mr Eg and Brahmal are still in it, Palette should be fine.
I thought people were investing in the business and the prospects of Palette. Not because of TS Wong's mere 3% holdings... Perhaps when all this TS Wong selling off his shares hype goes off, Palette might rise again. Dont really know about Mui but Palette is becoming profitable with the revenue from Russia.
But the million dollar question is when will the selling stop? Today? Tmr? Next month? Just have to be more rajin and monitor the technicals.
So that is my 2cents. But i may be wrong. Market is irrational. That is what makes it so interesting :) So what am I doing? I am an opportunist. I entered a litlle at 40c. I am going to buy abit more when it drops nearer to the next support level and MOST importantly, I have set my stop loss point.
Yes deddy, most of contract was given to palette and palette managed to deliver during Q3, Q3 result will see huge climb, unlike muiind , muiind is a loss making company
Well they did mention that they managed to penetrate in Russia in their quarterly report. And the Mr Eg also says Russia is expected to contribute substantially to its future revenue. Unless the edge, focusmalaysia and the star are screwing with us :p
how much did TSW took out from this stk? 3.9% stake or abt 13m shares times lets say he sold 0.40 or about RM5.2 million.
Yesterday's its mkt cap lost RM 29M. Question is how can a RM5.2m sell out cause such a drastic loss in the market cap?
If not for a whole concerted effort by the powers to be, such a situation would not happen. The media, the timing of the info are all well played and orchestrated to produce the intended results by the conductors of this symphony.
There will be another palette in the making just like the IRIS, the harvest, the datapreps, and so on.
Meantime just enjoy the show and get ready for the next movie.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UnicornP
2,866 posts
Posted by UnicornP > 2017-11-13 23:18 | Report Abuse
When up, nobody praises TS Wong; When down, everyone curses him. How is that fair??
BTW what TS Wong did today is good. He will kick away the weak and uninformed holders to reflect the true value of Palette.