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Ley Choon
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Ley Choon
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Morello
Veteran |
19-Jun-2017 11:03
Yells: "In it for the long haul" |
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ok that' s possible too.  I din' t observe that sell q buildup whether it was in big chunks or in smaller quantities.  That would have given the clue.
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dav781
Senior |
19-Jun-2017 10:59
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It seems like some investors got tricked in buying at 4.2 cents and trying to get out at 4.3 or 4.4 cents. They will cut loss if this drags on. And LC might go down. Again, I might be wrong :-)
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Morello
Veteran |
19-Jun-2017 10:57
Yells: "In it for the long haul" |
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that' s a possibility.  but base human responses to such " tricks" don' t really change with time.  Otherwise they would not have worked long ago. anyway thks for the thought.
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Siwomp
Supreme |
19-Jun-2017 10:38
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The Operators knows all the tricks.  This pattern looks like something they know we  (retailers) know/learn some years back.    IMHO
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Siwomp
Supreme |
19-Jun-2017 10:31
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Musical chair.................  it is good as long as it last...... can stay vested but set your profit-preservation rules.  Have fun! | ||||
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Morello
Veteran |
19-Jun-2017 10:20
Yells: "In it for the long haul" |
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the road blocks ahead seem to suggest accumulation.  what say u?
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Morello
Veteran |
19-Jun-2017 10:18
Yells: "In it for the long haul" |
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But now bid @ 0.042 and ask at 0.043 (vol 14 million)...starting to regret my earlier divestment.  Now left with half the holdings. LOL
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Siwomp
Supreme |
19-Jun-2017 10:18
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Well said........ one thing to add, even if we have good announcement, will it be so good as to justify the stellar price increase?  Assuming there is good announcement coming, I will stick to the " buy on rumour sell on news rule" .   
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dav781
Senior |
19-Jun-2017 08:57
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Low vol at the start today. Bad start. | ||||
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dav781
Senior |
17-Jun-2017 22:11
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After a good 2 weeks for LC where its share price shot up almost 50 percent from 2.7 cents to 4 cents, time to do a review of this stock. 1. NAV per share is 2.68 cents. At 4 cents now, the share is trading at 1.5x NAV, rather high for a company that just came out of restructuring and yet to really prove itself. 2. It did report net profit  of $17.8m in the last FY, but out of this amt, $17.8m came from one-off asset sales due to the restructuring. Therefore, net profit is actually ZERO last FY. 3. I was willing to invest in LC at 2.8 cents 2 weeks ago because of its potential. PUB is going to lay a lot of pipes in the next 2 to 3 years and LC is the expert. However, with no positive announcement recently, and the share price shot by 50 percent in less than 2 weeks for no reason, I decide to take profits and exit LC. Maybe I was lucky to meet with the BBs :-) 4. LC is now attracting short-sellers. 3 million share short-sell in each of the last 2 trading days. Expect this number to go up if LC goes above 4 cents. 5. Vol is coming down yesterday to 28 mil yesterday, from 60 mil and 100 mil in the previous 2 days. Out of these 28 mil, 3 mil are short-sell. Once vol drop, share price might not sustain. 6. Resistance at the peak is forming. The day before, it hit its peak at 4.4/4.3 cents and yesterday, the peak was 4.2/4.1 cents. See the downward trend? Buyers are no longer willing to push up. 7. Looking at the recent price movements of LC, it does have a record of moving up fast and coming down fast. This is what makes the recent price increase scary. 8. Without any positive announcements from LC next week, I worry for its share price. I might even short the share, though I don' t usually short. Trade with care. For bros still vested, take profits. My views. |
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dav781
Senior |
16-Jun-2017 16:45
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suddenly dropped to 6 mil. shit.
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dav781
Senior |
16-Jun-2017 16:40
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hopefully the 8 mil wall @ 3.8 cents is not fake!!! | ||||
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dav781
Senior |
16-Jun-2017 16:10
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My firends are queuing to sell. I think some BBs taking action soon. All Huat ah! | ||||
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Siwomp
Supreme |
16-Jun-2017 15:41
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I small timer only.......            :-)        have a great weeknd! | ||||
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dav781
Senior |
16-Jun-2017 15:28
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haha. So you are the one that help to push the price up. My friends are grateful to you that they can get out and spend the weekend in peace :-) Good luck, bro. There is a limit how much this can go with no good news. Don' t be too greedy. hahahaha.
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dav781
Senior |
16-Jun-2017 15:26
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T+5+2 wowowowowowow!!
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Siwomp
Supreme |
16-Jun-2017 15:24
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I have T+5 and can stretch to T+5+2........ | ||||
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Siwomp
Supreme |
16-Jun-2017 15:16
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......just helping to prolong the run and price support.........................      :-) 
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dav781
Senior |
16-Jun-2017 14:26
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actually, we should go back into Ley Choon only after Tuesday. Need to wait for those contra players to clear out first. High volume the last 2 days.
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dav781
Senior |
16-Jun-2017 14:25
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I see. All the best.  
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