MM2 Asia    Last:0.003   -

MM2 Asia [1B0.si]

This stock is amazing. Pushed up and split twice. Then pushed up agin to high high and do placement at 57 cents to buy some very overpriced Golden Village cinemas!

Stock_Master      ( Date: 29-Jun-2017 18:39) Posted: Who subscribed to this stock at 0.57? How come no announcement? Something to hide?

 

Who subscribed to this stock at 0.57? How come no announcement? Something to hide?

 

finally reaching my Buy target soon, below $0.5 :)

 

This stock is meant for short You want it to shoot high high Difficult liao Different mgmt ceo

 

if cannot push up above 57 cents, then tomorrow more placees sellout   to cut loss.

 

gone case

 

After placement at 57 cents, the chng kays had the reponsibility to do some price stabilisations, just like some IPO stocks. But the stabilisation activities have expiry dates, not forever. 

 

I' m not joining the Q at 57 because I' m afraid of " heights" . There' s not many queuing below 57. 

lifeisgood      ( Date: 28-Jun-2017 10:46) Posted: Now you can buy at the placement price of 57 cents if you just join queue.

 

sick of sg market, join in the downtrend but stay still in uptrend

 

Now you can buy at the placement price of 57 cents if you just join queue. 

 

Buyers not keen to take out 58c. No " push" apparently. Actually, almost the entire SGX market looks like this. A boring downward spiral. Looks like 57 will be tested soon. Enjoy the show and good luck to the longs.

 

What do you exactly mean by " push up the price" ? The share placement was done at 57c to selected investors who could then 1) sell it above 57c to make money (my original hypothesis since the share price action isn' t strong), 2) hold the shares (nervously may I add since the current share price is now only marginally higher), 3) buy more to " push up the price" like you said and then sell the placement and newly acquired (and more expensive) shares to some unfortunate guys, 4) take a long-term view on the stock do not care about the short term price action (in this case, the " push" will not happen). 
 

 

Placement was at 57 cents and it should have already been done by now. The only way is to push up the price.

 

sorry i dont  quite understand but since the big investors bought at 57cents, why would they want to bring the price down? shouldn' t they try to bring the price up?

sbscap      ( Date: 21-Jun-2017 15:32) Posted: Technically, MM2 looks weak. If the stock price doesn' t rally above 60c (difficult since the placement was 57 or 58c), then it may complete the head and shoulder formation and heads toward 54 or lower.

 

59 cant hold

 

bump !!!

sbscap      ( Date: 21-Jun-2017 15:32) Posted: Technically, MM2 looks weak. If the stock price doesn' t rally above 60c (difficult since the placement was 57 or 58c), then it may complete the head and shoulder formation and heads toward 54 or lower.

 

59.5 & 60 road block ahead .. for today at least .... wont break

 

Show just started la... relax

 

almost got caught to buy @ 59.5 during the buy up frenzy, withdrew JIT ... now look at the Sell Q

 

Uptrend continues. Buy more at 0.595 today.