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LMA is as dead as "ghost town"
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Manikamaniko.
Master |
20-Nov-2007 13:21
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Ten4One... :) My good "sifu" ... This is simply such a wondrous post ! ... |
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ten4one
Master |
20-Nov-2007 12:45
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Yup hikitty, I'm going to do it again and again.....and again like what you've said "buying at low px and selling high" (if LMA allows it!)! Isn't that what all Investors have in mind in the first place when they buy LMA - hoping to reap some profits. Profits no matter how small are always better than losses or 'accumulated' paper losses. Whether LMA is trading at 35c or 70c or even $1.50, Traders will still trade if the reward outdone the risk in a good ratio. (ie. enter at a 'good' trading px and sell off at a 'targeted' pxs, even at a loss). The lower share px doesn't mean the reward will be better than one at a higher px. Or it is more risky if the share px is higher. It depends on many prevailing factors other than the share px alone. Cheers! |
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Manikamaniko.
Master |
20-Nov-2007 12:05
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Hikitty... :)
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hikitty
Master |
20-Nov-2007 11:53
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There are many "stags" in the market. Always hoping to buy at low prices and sell after making a slight profit - good luck to such "scrooges". If only making kopi $$$ is that easy! U can't hope for LMA to dip to < 35 cts every day to make rounds of easy $$$ or should I say "cts" . U r not the only person with some spare $$$! |
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hikitty
Master |
20-Nov-2007 10:46
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In my opinion, LMA has misled investors by announcing its open market buy-back as "daily" when it has not done so daily. According to the latest Annual Report, the mandate was for share buy-back scheme, NOT DAILY share buy-back. However, with the buy-back scheme, and purchases by funds, LMA should not fall too much. Let us leave it to the "invisible hands" to manage it. |
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Manikamaniko.
Master |
20-Nov-2007 09:25
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Ten4One... :) |
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ten4one
Master |
20-Nov-2007 09:02
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Not bad Mani. Do it again...and again........................and again..... Cheers! |
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Manikamaniko.
Master |
19-Nov-2007 23:58
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Luckily I promptly dumped all my LMA @0.44... Today, it closed at 0.395... |
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stewartgoh
Member |
19-Nov-2007 19:20
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At the rate this LMA is falling, it is time to wait to collect at 34c again ... |
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Manikamaniko.
Master |
15-Nov-2007 08:14
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Ten4One... :) I have faith in you... keep up the great postings!... |
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ten4one
Master |
15-Nov-2007 05:21
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Hikitty, the majority were dead wrong at IPO and the majority could be wrong again and 2 wrongs don't make a right! The biggest mistake in investing in stocks is to follow the majority blindly without knowing the reasons. Of course Mani, we're here to help one another not to fall into a 'black hole'. A healthy Exchange with common sense or good uncommon sense will be good for all! I'm no Drummer Boy and so you! Cheers! |
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Manikamaniko.
Master |
14-Nov-2007 17:21
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In the strictest terms, one's chief aim in the playing the stock market should be in not losing money, never mind about making money. To this end, everything else is subordinate, including one's natural inclination and hidden desire to be right. |
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hikitty
Master |
14-Nov-2007 17:19
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Wow - there's seems to be one or more "crazy" short sellers (40 lots @ 0.415 cents @ pre-close buying from "sell" queue). Hope there will be more "crazy" short sellers to drive LMA price north every day. |
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greencarben
Member |
14-Nov-2007 17:00
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hikitty, I've been following this forum for a while. I'm vested in LMA since the plunge and I intend to go long-term on this. |
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hikitty
Master |
14-Nov-2007 16:32
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Hi Elidor The downside risk for LMA is not to great. Not suggesting that it would remain firm every day. It is presently consolidating (i.e. the "manipulators" are collecting the shares at current prices and weeding out the "short-term" investors) OCBC research house's TP of 52 cents may be achieved within this year, for all you know, if 2007's 4th quarter performance is better than 2006's . |
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hikitty
Master |
14-Nov-2007 14:39
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Hi ten4one - My point is that LMA's current price is attractive and consolidating, as evidenced by the "huge" purchases by the FMs. The majority who bought can't be wrong. I wasn't suggesting that LMA shares should be held till "kingdom comes". Of course, when most of the "Fun Managers" dump their LMA shares, retail investors should follow suit. OCBC Investment Research maintains a "buy" rating for LMA with a fair value of 52cts, rolling over to 9xFY08 earnings per share |
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Elidor
Member |
14-Nov-2007 12:57
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HiKitty, may I learn from you what is the likely TP if I were to buy this counter at this point? |
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ten4one
Master |
14-Nov-2007 12:44
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Hikitty, you can give all the numbers of shareholdings by shareholders, cry fouls and call names all you want and they'll not help in anyway to boost LMA's share price. To compare the sharholdings of Fund Managers and that of a retail Investors is just NAIVE simply 'cos share price movements depend on the Company's performance rather than who&who hold what&what! Moreover, these funds may exit at any point without prior notice. Fund Managers buy and Fund Managers sell.....so which 'Fun' Managers to follow? For me, I follow my own judgement and I'm no 'smart aleck'. I just want to put my money in SMART USE to maximize my coffee money + some left-overs to carry on fighting the next battles. Win or lose is another matter - You can't accept defeat you can never be a Winner! Cheers! |
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hikitty
Master |
14-Nov-2007 12:19
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Just look at the total purchases of 165,474,800 shares to date by: Pocter - 78,398 million ; UBS AG - 84,350, 800; LMA directors - 300 million; LMA buy-back - 2426 million, not counting the few million purchased by individual investors, compared to total sales of only 19,604,000 shares by : Arisaig Asean Fund - 9071 million; Lloyd Investment - 10533 million . Are they going to risk losing millions of dollars if they don't believe in the future profitability of LMA , compared to a few SJ participants (they behave as if they are "smart alecks" and have more $$$ than the "big time" purchasers mentioned!!! ) who think otherwise. Hope those SJ participants who read the "negative" postings on LMA will not "dump" LMA shares as they dip fearing that it would continue dipping to "O" Three cheers to those who remain vested in LMA shares coz' they have the $$$, NOT the traders (no offence intended, please) who may have the $$$, but prefer to trade ! |
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hikitty
Master |
14-Nov-2007 11:39
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If LMA is going to be a total disaster, as a few "LMA crusaders" made it out to be, then UBS AG, Pocter Olin, LMA directors and LMA mgt must be the "greatest fools" by buying LMA shares as the price dips. It's the job of the "manipulators" to shake out the short-term investors (contra long players or short sellers) who think making kopi $$$ is t that easy!. Hope SJ participants will be measured in their postings by not "crusading against" LMA as if it will be "Doomsday" for LMA soon. |
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