we can notice that always got people queueing big sell at certain price. like LBS's RM 1.80, got a few thousand lots. maybe there is someone want the price to drop so that they can pick up cheap
Actually there are two sides of the coin. The buyers and sellers, if you join either side, you make the other side stronger. Instead of listening to rumors / opinions, you should be informed and make the right business decision. If everyone starts to sell, it will definitely reach lower - it is common sense. This stock needs to consolidate but that does not mean you have to sell.
If you are selling at a loss because there is market fear but business is doing well, then maybe that is not the best thing to do unless it is part of your cut loss strategy. You can opt not to buy or sell but hold.
This is a strong business counter, good un-billed sales, special profit (sale of land in China), increase in Director's own holdings, not much US/EU ownership (speculated), huge volume across the RM 1.80 mark, why would it go down by much?
Agree with 2nd part of what @qwer1234 said. If you earned some, maybe can sell but I'd say, don't sell at a loss.
Euscilyn : Must monitor this share still a very good counter with high potential but too many people overbought at this moment. I think you are very good in this counter's analysis as you have been with it for the past 1 year.
Date of change 26/08/2013 Name Tan Sri Dato' Seri Utama (Dr) Haji Abu Hassan bin Haji Omar Age 72 Nationality Malaysian Designation Non-Executive Director Type of change Resignation
833,000 ordinary shares of LBS.
this fellow resign and sell all his shares i think
Notice of Shares Buy Back - Immediate Announcement
LBS BINA GROUP BERHAD
Date of buy back 26/08/2013 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 450,000 Minimum price paid for each share purchased ($$) 1.740 Maximum price paid for each share purchased ($$) 1.790 Total consideration paid ($$) 801,836.45 Number of shares purchased retained in treasury (units) 450,000
the reason it drop is because got 2 directors resign and sold off all their share. this is company policy that resigned director cannot hold the company share. that's y panic sell down
Respect the direction that the market wants it to go first, why catch it when there's no signs of rebound yet, because you guys don't want to missed the bottom price?
Yanyana kept asking others to buy. I think she is disposing her shares. Haha.. seemed like she is disposing. Kononya Dia dari negara cina... asyik panggil kita beli. Dia jual...
Pendrive King the reason it drop is because got 2 directors resign and sold off all their share. this is company policy that resigned director cannot hold the company share. that's y panic sell down huh?? What is public listed company then
This reminds me of a Chinese movie Swordsman 2 (Jet Li). The main actor wanted to leave the martial arts world ("jiang hu") and the old man was telling him : "Humans are 'jiang hu' and 'jiang hu' are humans. Now tell me how can you leave 'jiang hu'."
Essentially, he is saying we are the market and the market is us. We determine the direction of the market. Sorry, could not resist the tone of comments being thrown around. No pun intended.
wow so much info written in mandarin ,wish I could understand all but i just cant cause i am a bit rusty and i admit I am a bit banana. keep the good works till......................up up and away
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DrPitchard
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Posted by DrPitchard > 2013-08-26 16:50 | Report Abuse
@qwer1234
+1
Totally agree with you