risky but really feel heartsick for this easy profit. nobody knows who's the one bulking at LU. nobody knows what's their true intention. they may either want to induce other buyer to come in to buy at lower than LU price, so that they can distribute to them. Or simply want to let those LU chaser die faster by withdrawing all their queues at sudden time. by observing the stocks in previous 2 days, the order carried forward from first day of 0.69 are so little. they didnt queue as GTD order. most of the big quantity queue only came in after 8.30am, this means they are not having the intention to aim for first queue. same goes to this morning, queue of 0.99 reduced from 150k to 50k left near 9am
in short term i believe there wont be another easy 3 times LU like this. till everyone forget about this.
this kind of purchase, usually buy from major shareholder... that 56%holding is not enough to get more lui into pocket, at least 70-75% holding,.. that major shareholder will stop buying that share, just my view
I’ve ignored this stock for a while now although I understand its restructuring plans were on-going. I’ve 100,000 shares and today upon getting my CDS statement i couldnt believe my eyes the when the statement stated value is 83 sen (I originally thot its 8 sen). I guess its some sort of a new year gift and the patience i placed betting on the regularisation plan. Maybe tomorrow i’ll consider liquidating some.
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....
Posted by tomanhead > 2021-05-21 13:09 | Report Abuse
Delisted is nothing to worry about...winding up is