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Is Biosensors a good buy?
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limpeh
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09-Nov-2007 15:35
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shorted shares are bought back on the same day by SGX? Got T+4 mei? |
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cwwan1
Member |
09-Nov-2007 15:34
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Broker house will buy back 7 days later i think so. if price go up, jia leh |
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garfgarf
Member |
09-Nov-2007 15:32
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Then no choice, this person cannot cover back on the same day. The shorted shares will be bought back at a price determined by SGX on T + 4. |
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ROI25per
Master |
09-Nov-2007 15:32
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that's why do shorting thru cfd |
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idesa168
Elite |
09-Nov-2007 15:30
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I am just wondering what happen if someone shorted and the counter Halt for announce and stop trading for the day. What will happen to this fellow when he has to cover the short position the very day? Anyone advise? |
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novena_33
Veteran |
09-Nov-2007 15:00
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hummm..what will be their reply...?? |
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allright
Senior |
09-Nov-2007 14:51
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Bios queried regarding trading activity. lets hope their answer is a good one |
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bengster68
Master |
09-Nov-2007 14:51
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9 November 2007 Mr. Chua Kee Lock President Biosensors Int?l Group Limited M & C Services Private Limited 138 Robinson Road #17-00 The Corporate Office Singapore 068906 Dear Sir, QUERY REGARDING TRADING ACTIVITY We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair and orderly market, please answer each of the following: Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately. Question 2: Are you aware of any other possible explanation for the trading? Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703? Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation. We have released this letter via SGXNET. Yours faithfully Elsie Chua Vice President Head, Market Surveillance Risk Management & Regulation Notes: 1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer?s securities, or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703). 2. An issuer must undertake a review to determine the causes of any unusual trading activity (paragraph 20 of Appendix 7.1). 3. An announcement should, among other things, state whether the issuer or any of its directors are aware of the reasons for the unusual trading activity and whether there is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1). 4. Your responsibility under listing rules is not confined to, or necessarily satisfied by, answering the questions in this letter. |
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yhliang
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09-Nov-2007 14:48
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71780, i pay a few k school fees on his lecture. But nevertheless, this is a free forum. Everyone is responsible for his own action. Believe in his theory, then just use it, if it doesn't works, then its just ur own judgement that cause it don't work. haha, karma. cheers. |
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lsqnet
Member |
09-Nov-2007 14:47
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BIOSENSORS INT'L GROUP, LTD. QUERY REGARDING TRADING ACTIVITY |
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bengster68
Master |
09-Nov-2007 14:47
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Im always ready for a HALT anytime. 71780 you made so many rounds of shorting already one round missed today is no problem lah. How about you unwind the short position now and join us as a long term holder of BIG? High chance of multi-bagger investment in 2010 if BIG achieves global DES market share of 10%. Also, the takeover jackpot wild card may happen anytime after CE announcement. BIG will be a real winner eventually |
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cwwan1
Member |
09-Nov-2007 14:41
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71780 veteran has been veteran in shorting Bio and he has share his success story. This time round he buy 250 lots at .80 and .83 and sell at .96 and he used the profit to short this counter since last week and until this morning his poistion is till open. what happen now? probably he is wondering to hold his short posistion or to buy back at a loss! |
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novena_33
Veteran |
09-Nov-2007 14:35
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should not have gone to lunch with boss..... miss the run... but have a nice surprise after lunch..... tonite going drink some DRY beer.... after work... Mr JackJames...I will send the bill to u later... some good volume there.... hope not too make nake butt around..... maybe what we need now is a Halt.....what do u say BengSTAR |
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ROI25per
Master |
09-Nov-2007 14:34
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laughing all the way to the bank |
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wahlau_eh
Member |
09-Nov-2007 14:31
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Hey, what happened to 787180? |
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poppy_toyz
Member |
09-Nov-2007 14:31
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Personally, I think CE is just a matter of time. But it may be annouced during the result announcement. Probably later. I guess the price is being manipulated, just like the last time when it climb to 0.995 and revert back to 0.96 on closing. For those shortist who kena short-circuited, too bad.... For those who believes in Biosensors and still holding on....good luck!!! Only time will tell who is the ultimate winner!!! |
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dvdtsk
Member |
09-Nov-2007 14:30
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The way it goes, the BBs are eating up the shares... U can see that the seller vol is relative small (which is mainly from the retail investors). They must have been frightened durng this period of volatility and start capitalising it. |
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bengster68
Master |
09-Nov-2007 14:25
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Two scenario here: 1. Insider buying. News leaked out on CE confirmation. Should announce CE very very soon. OR, 2. BB buying to support the share price as they want to push up BIG to all time high after CE announcement. |
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dvdtsk
Member |
09-Nov-2007 14:21
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It is definite that something that BBs know that we do not. |
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bengster68
Master |
09-Nov-2007 14:20
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Crazy horse? Good lah a lot of us are still riding high on it. Too bad you didn't get up on it while it was sleeping. Many of us did. |
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