Latest Forum Topics / Shen Yao Last:0.002 -- | Post Reply |
ThinkEnv name change to Liongold Corp
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Rosesyrup
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25-Nov-2013 22:52
Yells: "Get your own opinion, don't follow blindly." |
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Eh, bodoh. Me leh Me leh? I understand well or not?  
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wanglausern
Senior |
25-Nov-2013 22:51
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You my friend are one of the very few here who is so sensible, impartial and understands the mechanics of the  market so very well. All the best to all your future trades. 
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richsoh
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25-Nov-2013 22:44
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My view
SGX over regulated |
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Rosesyrup
Veteran |
25-Nov-2013 22:40
Yells: "Get your own opinion, don't follow blindly." |
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Wow big words, I thought you are too smart to differentiate LG  from Blumont already huh? So Alex pull out Blumont sure falls??? Worst come to worst change shareholders and CEO. But does that mean company will collaspe?  Maybe we are all too 'dumb' to comprehend that. You are totally on a whole new level of smartness. Lol Bodoh, nice word to use on your postings. :)
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xtraderx
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25-Nov-2013 22:30
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I don't trade full time but I also lost some unrealised profits due to this crash, its not fair to say that I won't understand. You shouldn't lose everything overnight if you know how to manage risk, I actually bought and sold blumont and asiasons many times but I only did it intraday, I knew it was too risky to carry it overnight. This is basic risk management. There is no such thing as a natural market... markets are all man made, the whole ramp up was done by people who borrowed a lot of money to corner these stocks. These big fishes were swallowed by a fish thats bigger than them... a shark. Thats how the game works...    
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risktaker
Supreme |
25-Nov-2013 22:09
Yells: "Sometimes you think you know, but in fact you dont" |
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Well.... like i say trading is our bread and butter.... and if ur not in our position how can you feel the pain and losses that people lost because of this penny crash....you wont understand.... imagine u lost everything overnight.... the case i am bringing up is goldman shouldnt start this and let the market naturally handle it.... who can guarantee that the trio will never become another wilmar in 5 years.....
You never know.... once more i am only against the way goldman action....which kill our dear market.... goldman is wrong and unlawful to go against its client interest...
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xtraderx
Member |
25-Nov-2013 21:52
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The traders who bought the trio at those high and unjustified prices already got " robbed" as soon as they hit the buy button, its a game of musical chairs, tough luck if you were trying to buy high and sell higher but didn't manage to do that. There aren't that many incredibly high PE shares in the US market, there are a few like tesla (which has already slumped almost 40% recently) and netflix but they are just as susceptible to selloffs, its all a game of musical chairs, all it takes is a trigger to do it. Yes and no one point a gun at to buy... goldman certainly didn't force you to buy... They were acquiring assets with stock that were worth nothing, tough luck for those who believed those stories. Our market was already doing very badly before this thing happened, look at all the blue chips and mid caps, all not moving, STI is barely higher year-to-date. Only the penny stocks linked to the trio and a handful of others were doing well, the game was going to end badly eventually. I'm also stuck with 2 penny stocks but I'm overall still up for this year, I consider myself lucky to have got out before the music stopped, but I won't blame others even if I didn't manage to escape.  
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wanglausern
Senior |
25-Nov-2013 21:43
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Eh Bodoh, Neo is chairman of Blumont and has nothing to do with LG, but if Blumont falls the other two will also mati.
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risktaker
Supreme |
25-Nov-2013 21:25
Yells: "Sometimes you think you know, but in fact you dont" |
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So it is ok to rob a bank just because u know that there tons of cash and no guards at that particular time..can you say oh well its the bank fault... no right... doesnt mean goldman can pull trigger and resulted a damage which is far greater than any major crashed....it is ethically and seriously wrong for goldman to do it .
There are many shares trading incredible PE in US/china market ....no one point a gun at u to buy....beside they are acquiring many assets.... which is a strategy to grow.... as long you believed their story who cares.... (i didnt really believe or trade much) but at this price i see good buying opportunity... even though i havent start buying....as i am still waiting the outcome of the investigation....MAS/SGX should really give us an answer soon... ...my main case is the damage that our market took was huge..... every bloody market enjoyed big rally except singapore... goldman sac is having christmas party right now..... its not fair....i want a fairer market but not goldman sac coming in and stir up shit.... now market is dead.....will it recover?maybe will take many months or years...
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xtraderx
Member |
25-Nov-2013 21:07
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Entire wall street was made to pay for the mess, goldman is not alone in this. They might have betted against their clients but what investment bank doesn't do that? Banks are not risk takers, they are managers of risk, they make money from arbitraging and trading spreads, and not from taking huge one sided bets. Banks that make one sided bets tend to go bankrupt quickly like lehman bros or bear stearns. Even our local banks are not saints, remember the DBS high notes and all that junk they sold to their clients during the subprime crisis?    
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xtraderx
Member |
25-Nov-2013 20:57
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I think its pointless to blame goldman or sgx for this, somebody else would have pulled the trigger on this even if goldman didn't get themselves involved.Think about what Blumont was worth before it crashed, its market cap was bigger than many blue chips on the STI yet it had no assets or earnings to support it, it was a bubble ready to be popped, anyone could have done it. I warned in late Sept about the trio and its connections with stocks like IPCO, examine the relationship between the shareholders, their shareholdings in these companies and cross holdings within these group of companies and its not hard to see what they were up to.
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singa9999
Member |
25-Nov-2013 20:36
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GS acted in accordance with " share margin agreement " ????.....Track record of Goldman is quite on the contrary.....for those who forgot the recent past !!  SGX and MAS " MUST" come on VERY STRONGLY on GS, if we are to survive as a vibrant global financial hub ! 1)Goldman Sachs Charged With Fraud SEC Alleges Firm Misled Investors on Securities Linked to Subprime Mortgages Major Escalation in Showdown With Wall Street http://online.wsj.com/news/articles/SB10001424052702303491304575187920845670844 2)Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps http://www.businessinsider.com/goldman-sachs-shorted-greek-debt-after-it-arranged-those-shady-swaps-2010-2 (1)Caused the US subprime crisis in 2008. (2)Caused the Euro crisis in 2010
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xtraderx
Member |
25-Nov-2013 20:31
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Agree. Goldman sachs would not have force sold their customers' shares if they were not authorised to do so, they must have covered their asses in the share margin agreement. 
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Rosesyrup
Veteran |
25-Nov-2013 20:29
Yells: "Get your own opinion, don't follow blindly." |
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Once again unto the breach.
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terencee
Master |
25-Nov-2013 20:25
Yells: "I don't entertain trolls." |
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Bro, pls quit taking drugs. You already lost yourself.
This is liongold. Not blumont. Thank you very much.
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singa9999
Member |
25-Nov-2013 20:03
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Lawsuits shines light on Goldman's role in   Asiasons, Blumont & Liongold crash !...... http://stockmarketmindgames.blogspot.sg/ |
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singa9999
Member |
25-Nov-2013 19:28
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...more from SG Talk......for those who forgot the recent past !!  SGX and MAS " MUST" come on VERY STRONGLY on GS, if we are to survive as a vibrant global financial hub ! 1)Goldman Sachs Charged With Fraud SEC Alleges Firm Misled Investors on Securities Linked to Subprime Mortgages Major Escalation in Showdown With Wall Street http://online.wsj.com/news/articles/SB10001424052702303491304575187920845670844 2)Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps http://www.businessinsider.com/goldman-sachs-shorted-greek-debt-after-it-arranged-those-shady-swaps-2010-2 (1)Caused the US subprime crisis in 2008. (2)Caused the Euro crisis in 2010 |
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singa9999
Member |
25-Nov-2013 19:22
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...found this on another forum...SG Talk. Goldman Sachs Takes Information From Its Clients And Uses It To Trade Against Them, Says Private Equity Investor http://www.businessinsider.com/goldman-sachs-trades-against-clients-2011 A private equity investor is quoted questioning the existence of a " Chinese wall" at Goldman in a new book about Goldman Sachs. Whether or not Goldman Sachs has a " Chinese Wall" barring prop traders from trading on information gleaned from the firm's client business has been questioned for some time now. (Technically, all firms that engage in both have to separate the businesses, or it's illegal.) Officially all investment banks have china wall. All singapore brokerages engage in margin accounts, proprietary trading and handling of client accounts are also suppose to have china wall. But people aware of each others information will try to acquire it....in Goldman where there is culture of pure greed and blatant disregard for fudiciary duties towards clients as seen from past investigations into the firm such breakdown in china walls should be no surprise to anyone. Right now MAS and SGX should be checking if Goldman has done any trades in the stocks that collapsed.
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TPG_yren
Member |
25-Nov-2013 19:22
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My bad, but who is Neo? ==
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Rosesyrup
Veteran |
25-Nov-2013 19:20
Yells: "Get your own opinion, don't follow blindly." |
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Alex in liongold? Lol. Owned
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