During the IPO there was 122 million stocks transacted! But as you can see the next 2 days the volume was 27 million and 10 million respectively. So where is the other 85 million stocks??? Pick up or waiting to sell? Please don't simply say people making stupid statement. We do our own analysis and just share it based on experience. If you don't want to listen...ok. I lazy to advise.
if I bought 60m shares, then sell 60m shares. then the volume would already be 120m shares. the next 2 days volume decrease does not indicate 85m shares missing dude. the paid-up is there and the shares just change hands. volume just telling how active the shares are being traded.
@fyda74 sorry i m not sure i should say it in public because I heard this in the chinhin's banquet from their board of directors. but it is a JV with one of a listed construction company in malaysia
Thanks, jstockman. You will advice hold till they make announcement? Might to share roughly when will it announce? I think Chin Hin is consider a good management and fundamental company? I got buy some at 0.80 and from IPO share allocated too. Thanks for your advice.
if it wants to fall, 70c is not the support. 60c (the IPO price) may be able to support it a bit, but if it really want to fall, the real support is 50c!
I'm not being pessimistic, just being realistic. How often you see a newly listed stock, once listed, has never dropped below it's IPO price within the first 6 months? The chance is less than 10%. So, if you have time and willing to wait, I will say lets enter below IPO price.
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....
richkid
8,140 posts
Posted by richkid > 2016-03-10 16:53 | Report Abuse
During the IPO there was 122 million stocks transacted! But as you can see the next 2 days the volume was 27 million and 10 million respectively. So where is the other 85 million stocks??? Pick up or waiting to sell? Please don't simply say people making stupid statement. We do our own analysis and just share it based on experience. If you don't want to listen...ok. I lazy to advise.