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Medtecs Intl
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Medtecs
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gregtan123
Supreme |
09-May-2020 17:59
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Singapore trading is a JOKE if you ask me. Those with CHEAPEST trading fees are those like Saxo or even POEMs etc BUT either (a) they hold in Custody for you the shares (i.e your CDP you no share) or (b) you must CASH upfront account meaning you put in 30k to trade (i.e there' s no contra). Then the standard fees one like iOCBC is damn ex brokergae but no restrictions and allow u to contra.  It is a joke la. This Broker BIZ confirm Govt linked or some BB linked/influence. they control the market and you pay for Inefficiency in the market. No competition cause all protected field. Like Taxi or Banks. Oligopoly. Rich get richer. SQ bailout by G etc.
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wolverine23
Supreme |
09-May-2020 17:35
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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CIMB also no restrictions.  which is the cheapest broker to use? any one with solid tips? |
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Justice888
Supreme |
09-May-2020 17:25
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Thks . Ya call in to buy us irritating
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gregtan123
Supreme |
09-May-2020 17:03
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Singapore reports 753 new COVID-19 cases, taking country' s total to 22,460. 9 Local.Now new norm: 750ish (741, 768, 753).  |
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StevenKan
Master |
09-May-2020 17:02
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Bro.... we are using the same one. That's why I keep complaining no people serving me. Ahaha.... Their platform a bit slow so to speak.
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gregtan123
Supreme |
09-May-2020 16:59
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From what I know 110% got restrictions (can online SELL but BUY must call broker) is UOBKayhian, POEMs. I have many accounts to play market. my Fav is iOCBC cause I never got any restrictions for any stock before. But this one merely online, not much personal service.
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Investor8
Master |
09-May-2020 16:47
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I didn't know that some brokers still have trading restrictions. My broker is Maybank Kim Eng. He is not aware of trading restrictions there. But I not really affected as I am using Pre-funded Account for lowest brokerage rate. He said that the last run-up some brokers imposed restrictions. But these restrictions had since been relaxed (may not be fully).
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lailai
Elite |
09-May-2020 15:59
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Agreed. Medtecs fundamentals have always been sound, and they have been making profit year after year. Looking at their 10 years' past records, they have been making profits every year, though in relatively small amounts,of fraction of a cent per sh. But with this current situation, my estimate is that it will make around 4cts per sh this year. That will give huge space for Bio to carry on rising. Assuming net annual earnings of 4cts a sh, the potential for the mkt value to rise to 40ct, with a PE of 10, imo, is not too demanding, and it could even rise higher, if its products are in such great demands as the kongsi mentioned in its report. PPE which is the core biz of the kongsi will continue to be in great demand for many years to come, even after the lockdowns are lifted all over the world, but not the threat of recurring virus attacks. Health hereafter cannot be taken for granted, but with the continual use of PPE, there is at least some form of protection against the unseen virus. Just opinion, but be wary of BBs' usual p2d tricks on contra players.   Likely to be not only in BBs' radar, but in most players as well, for as long as covid-19 is in the news.
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Justice888
Supreme |
09-May-2020 15:53
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Which broker u using ? Any idea which broker no trading restriction on medtec ?
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wolverine23
Supreme |
09-May-2020 15:20
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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conclusion. anything below 20cents just add more. whether its 19, 18, 17, 16, 15, 14, 13, 12, 11, 10 or below. ok, hope its crashes on monday for no reason. then can bring in more funds to hold this hell of a gem |
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gregtan123
Supreme |
09-May-2020 15:20
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Got sentiment too. And there' s Opportunity cost of $$$. I am also a Long Term LONG of Medtecs. But why of illustration, let me try to understand why some may want to sell at a Run-Up. Premise: Stock Market is NOT Linear.  So Say Monday Medtecs chiong to hit 21 cents b4 reversing. Some want to sell at 21. Why? Say 21 is the limit for the ST then Medtecs soften back to 16-17 cents for the next 3 months before the August Half year results. People take the $$$ at 21, then go buy another stock IN/OUT make a few rounds then closer say 2 weeks before buy back 16/17. 
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Justice888
Supreme |
09-May-2020 15:05
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If fundamentals good why run ? AEM I run many times. If I stay put I will make a lot ...
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OKAYCAN
Master |
09-May-2020 15:03
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Hmmmmm friday candlestick is either because people don't want to hold over the weekend or it is getting tired.
Plus the previous time it went up to 205 then kenna whack down, make retailer more cautious and wouldn't dare to enter. Let us see if monday will test 205 again. If it does, will it break up strong and shoot up like clearbridge? Just my thoughts, hot money is in the game now, for them to pump up more and huat. Retailer like us just don't be the last to run |
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Longtermer
Elite |
09-May-2020 14:50
Yells: "A disciplined investor is a wealthy investor" |
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Agree. Still end of the day, the company fundamentals need to be solid good. Can see real increase in revenues and make more profits than before. Results will finally reward the longs and nail the shorts. |
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Investor8
Master |
09-May-2020 14:24
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So true. They can short and dump. But ultimately fundamentals of company kick in. If shortists dump to a certain price level, genuine buyers (including BBs) will come in to buy and hold. It is under such circumstances that shortists may encounter difficulty covering their positions. After that, they will effectively be the ones pushing price up by their short-covering. So, if company is doing well and expected to do even better in the near future, shortists will be taking a big risk, unless they close their short positions intra-day or within a short time-frame.
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Justice888
Supreme |
09-May-2020 14:02
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If no news they can pump pump and dump Everyday . But if got news . Look at AEM... they will trap shortsellers to buy their holdings to cover shorts
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Fluffyclouds
Master |
09-May-2020 13:57
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LOL.so true, thats why trade with caution. 
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lailai
Elite |
09-May-2020 13:38
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If BBs want to short Medtec down, they will pump up and up, to pull in those sideline contras, Once contras rush in to buy up, that' s when BBs will distribute it down, just like ytd lah. But hard to read their tricks lah, cos they may play reverse pysochology, by dump and dump to force soft knee holders to sell and sell. Then after they accum accum enough from these softies, they will then pump and pump, up and up to pull them in to buy and buy again. Then as usual, the contras kena and kena, again and again lah. It' s hard not to laugh at the game they play. ![]() ![]()
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Justice888
Supreme |
09-May-2020 13:20
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Ya ... the market maker is cunning ... when sg lock down . All shortist expect mkt drop it up. Yesterday dow futures green. Expect STI to chiong . But mkt down . I remember Wilmar open $3.57.. all longist chiong in buy die. Closing $3.47.
AEM is a short target . The chances of it going down is higher Bec up so much . In short can just close eyes short ... but but . Shortist got con again .
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gregtan123
Supreme |
09-May-2020 13:01
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Actually I think retailers are MORE careful now + restricted hence you don' t see BUY support. This one depends on BB, the BB Stack the SELL queue. buy queue empty. Hence Danger. But also go back to reverse psychology: BB prob want to trap shorts. I think if CB can be 0.195-0.210 the past week when they make 12 million losses last year. Medtecs likely to make 20 million profit this year. I think Medtecs extreme conservative is 0.195-0.21 match CB. 
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