| Latest Forum Topics / China Sunsine |
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TEE International
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HVRRVH
Elite |
11-May-2017 15:37
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x 0
x 0 Alert Admin |
Agree with you. Let' s BB play first. We also don' t know how individual big investors think of this. People like Chia KEE Koon and Robert stone. Not counting the placement shares the volume is also extremely high. Who has so many shares to sell and who is buying? Let' s the dust settle first and focus on the fundamental. I hope the company can clarify why no lock in period if really no lock in period and also whether these buyers are selling their shares today. 
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lovetoshare
Elite |
11-May-2017 15:18
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Better don't buy first.
The movement now seems like luring poor ppl like public to buy in.
But very funny movements today
Make no sense.
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junnies
Member |
11-May-2017 14:23
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x 0
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the share price should hit 0.8 no problem in the long run. China Sunsine has been steadily growing its revenue, market share and net profit and has continually expanded its plans for expansion. but long-run might be the second or third or even fourth quarter results. unfortunately, this latest sales of treasury shares has dented my confidence in their management. as previously mentioned, the decision to sell at such a low price is very puzzling and the reason given is unconvincing. this makes me feel like they just want to sell the shares in order to distribute dividends to themselves (since they hold a big part of the shares) and don' t even bother properly pricing their shares.  based on the share movement, i see very heavy, steady dumping which makes me think its the BBs who recently acquired the shares doing the dumping for a quick profit. i think the BBs are going to steadily dump at 0.7 now if so, the support price might be 0.65, the price where the BBs bought their shares at. if you can afford to hold long-term, nothing to worry. |
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ody2004
Senior |
11-May-2017 13:57
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x 0
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Sorry I trade and don hold. Chart don look good to go back 80cents for now. Unless a closing abv 0.705 today. Even so also depends who sold and who brought the shares through married deal this morning.
This might have more impact on the stock price than TA.
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HuatAh108
Senior |
11-May-2017 13:52
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x 0
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Yes you are right brother. The dividend is same as last year and they also didn't sell any shares to pay for the dividend.
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lovetoshare
Elite |
11-May-2017 13:47
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x 0
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Don't sound right Why sell all treasury shares and use for dividend purpose?? The profit is better than last year Why hurry to let go all the treasury at one go.. Price will drop. How can CEO suddenly do that? Because he needs to pay director fat bonus is it? Future not important | ||||
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HuatAh108
Senior |
11-May-2017 13:36
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x 0
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Thanks for your info brother. Are you holding on to this stock? What do you think about the current pricing? Will it go back up to 0.80?
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ody2004
Senior |
11-May-2017 13:28
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x 0
x 0 Alert Admin |
X denote married deal..
One example is i wanted 100 lots but current offer is 80 lots at 0.74 and 200 lots at 0.745. So i enter my trade at 100 lots at 0.745 so it will show a X for 20 lots @ 0.745 Can oso used when SGX buy in
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HuatAh108
Senior |
11-May-2017 13:20
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x 0
x 0 Alert Admin |
What does those trade with X? What does it mean?
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ody2004
Senior |
11-May-2017 13:01
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x 0
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These belong to TA traders i guess
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HuatAh108
Senior |
11-May-2017 12:58
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x 0
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Not true, there was high volume to buy at 074 and 0.725, in the end, the price to gap down. But I just price you are correct because I was really emotional the whole morning...
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ody2004
Senior |
11-May-2017 12:46
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x 0
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From time n sales.. whole morning no buyer.. price keep down bid by bid.. now buying at 0.7
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HuatAh108
Senior |
11-May-2017 12:38
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x 0
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Actually how do you see selling has stopped? Maybe just a pause for lunch break?
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ody2004
Senior |
11-May-2017 12:34
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x 0
x 0 Alert Admin |
At least selling stop.. maybe for now.. for today.. | ||||
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HuatAh108
Senior |
11-May-2017 12:18
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x 0
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Actually had thought selling today but queue too high. Then before I knew it, was too late. But anyway, really thanks for your advice. Now I can only hold on and pray the price will go back up again..
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junnies
Member |
11-May-2017 12:18
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x 0
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very true, when BBs are in, the landscape becomes much more volatile. i got trapped once before, but i think in the long-term its a good lesson to learn not to chase highs or breakouts unless its backed up by amazing news.
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lovetoshare
Elite |
11-May-2017 12:17
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x 0
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Why does a company needs to sell treasury shares? Isn't this company doing good? Suddenly letting go all treasury. Smell another fishy matter. | ||||
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HVRRVH
Elite |
11-May-2017 12:06
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x 0
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Yes after these institutional investors onboard the whole landscape is different. Either they are shaking off weak holders or they themselves selling at a profit. If it is the latter, I am prepare to view the management in different light too. Noted that the announcement did not mention any lock in period. It will be quite inconceivable if management didn' t think of it. Sorry to hear of your trading paper loss but if you can you may want to hold for long term. Don' t sell it back to the BB. 
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HuatAh108
Senior |
11-May-2017 12:03
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x 0
x 0 Alert Admin |
Almost got a heart attack when the price gap down from 0.76 to 0.69.. | ||||
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ody2004
Senior |
11-May-2017 12:00
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x 0
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Market don't like what is happening.. | ||||
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