Post Reply
1121-1140 of 11116
I held an average of 2.7, took profit too early at 3.5.
Entered again at 4.5 w lesser lots, cut loss at 3.9. (Lost 50% of my gain)
I was thinking anything 3cts or below (2.8/2.9) will be very good entry. After looking at blumont and innopac, I will wait till air is clear first... If things don't turn out well and involve ipco, losses won't be just few bids (just my tots). Good weekend everyone
Bigmama ( Date: 04-Oct-2013 20:47) Posted:
The 4.7 cents high will be the year high. It will not reach 4.7 for the rest of the year. Don't not listen to Iso crap. Those who listen to him giving high TP for the past week and built up false hope or greed. Not only unwilling to admit mistake yet still say everyone must buy at 2.6.
What about his must buy at 4 and every other 2 must buy pips down? I wonder how many guys here fell into his trap.
Newlearner ( Date: 04-Oct-2013 20:27) Posted:
| Ipco no longer the previously high NAV ipco we knew... |
|
|
|
not too worried.. edward & dato will die first lol.. i only have 2 digit lots left nia haha.. small fry
akchua ( Date: 04-Oct-2013 21:03) Posted:
What u should be worried is SGX investigation can prove that Ipco and all directors were involved in blumont and innopac price rigging and white wash.
Then there will be a chance Ipco get suspended until further notice like blumont.Innopac can get suspended also.
nqing87 ( Date: 04-Oct-2013 20:41) Posted:
| ipco performance still not too bad, consider how other pennies like albedo (which i suppose has no relation to blumont & the many related counters) drop more % than ipco.. ipco is still rather solid.. just a matter of buying at low.. wont crash like blumont, which is too overvalued.. |
|
|
|
Hi xtraderx,
Thanks for your explanation. I understand you better now. I cut loss at 30 today for a 5 pips loss. Painful but necessary. Wishing all the best to the bros n sis who are still vested.
xtraderx ( Date: 04-Oct-2013 19:37) Posted:
1.1 SFA 197. False trading and market rigging transactions
? Wash Sales
A wash sale is a transaction effected through the market which involves no change in the beneficial ownership of a security. For example, if A transfers title of his securities to B, but agrees with B that B holds the securities for A (such that, for example, when B sells the securities, the proceeds of that sale belong to A), there is no change in the beneficial ownership of those securities.
Since there is no real change in the ownership nor any real obligation to make payment, the transaction is thus essentially fictitious.
? Matching Orders
A technique closely related to wash sales is matching orders (also referred to as pre-arranged trading). This essentially involves the entering in of an order for the purchase of securities with the knowledge that a sales order has been entered or will be entered into at substantially the same time, size and price.
xtraderx ( Date: 04-Oct-2013 19:27) Posted:
Blumont was driven up by wash sales i.e A to B, B to C, C back to A again, go read up on this if you don't understand what are wash sales.
The cost is negligible compared to the profits they got from IPCO. |
|
|
|
What u should be worried is SGX investigation can prove that Ipco and all directors were involved in blumont and innopac price rigging and white wash.
Then there will be a chance Ipco get suspended until further notice like blumont.Innopac can get suspended also.
nqing87 ( Date: 04-Oct-2013 20:41) Posted:
| ipco performance still not too bad, consider how other pennies like albedo (which i suppose has no relation to blumont & the many related counters) drop more % than ipco.. ipco is still rather solid.. just a matter of buying at low.. wont crash like blumont, which is too overvalued.. |
|
We have seen the worst this week, things should stabilize by next week
Too many sharks swimming around in this forum. lol
Bigmama ( Date: 04-Oct-2013 20:47) Posted:
The 4.7 cents high will be the year high. It will not reach 4.7 for the rest of the year. Don't not listen to Iso crap. Those who listen to him giving high TP for the past week and built up false hope or greed. Not only unwilling to admit mistake yet still say everyone must buy at 2.6.
What about his must buy at 4 and every other 2 must buy pips down? I wonder how many guys here fell into his trap.
Newlearner ( Date: 04-Oct-2013 20:27) Posted:
| Ipco no longer the previously high NAV ipco we knew... |
|
|
|
The 4.7 cents high will be the year high. It will not reach 4.7 for the rest of the year. Don't not listen to Iso crap. Those who listen to him giving high TP for the past week and built up false hope or greed. Not only unwilling to admit mistake yet still say everyone must buy at 2.6.
What about his must buy at 4 and every other 2 must buy pips down? I wonder how many guys here fell into his trap.
Newlearner ( Date: 04-Oct-2013 20:27) Posted:
| Ipco no longer the previously high NAV ipco we knew... |
|
innopac director bought 4 million innopac shares at ave 7.5 cents (300k) to show support...
ipco performance still not too bad, consider how other pennies like albedo (which i suppose has no relation to blumont & the many related counters) drop more % than ipco.. ipco is still rather solid.. just a matter of buying at low.. wont crash like blumont, which is too overvalued..
dont think ipco has cashed out, 'cos if they do, there will be sgx announcement as ipco is a SSH in blumont
blackcode ( Date: 04-Oct-2013 19:15) Posted:
have they already cashed out or not is still a question mark. Its obvious tat blumont is way way overvalue and they could have off load slowly during those times. If they are still holding on to its shares now i really dunno wat to say..
Bigmama ( Date: 04-Oct-2013 19:00) Posted:
Was ipco management too greedy? They had a few hundred million gain. If they play it wrong..... Puff ... All gone. They had that chance to cash out and make ipco rich...(.or did they?) ....and ipco can be a very different company...... Now it never be the same.
Trust me.... We will not see 6 cents period. Don't let some crazy fool talk you otherwise. Now last week spike is it a pump and dump? |
|
|
|
Pretty depressing week eh?
Ipco no longer the previously high NAV ipco we knew...
Sorry to hear that....hope it stop dropping ..... I got a feeling that US will reach a deal this Sunday .
Rosesyrup ( Date: 04-Oct-2013 20:23) Posted:
I lose quite a bit already....haiz :(
Bigmama ( Date: 04-Oct-2013 19:53) Posted:
Now you know why I mention that there is a possibility of a crash or flash crash a few days back ...... Because uob knew it is only to happen .... That is why they curb like crazy.
Hope the people here in this forum didn't lose much money |
|
|
|
I lose quite a bit already....haiz :(
Bigmama ( Date: 04-Oct-2013 19:53) Posted:
Now you know why I mention that there is a possibility of a crash or flash crash a few days back ...... Because uob knew it is only to happen .... That is why they curb like crazy.
Hope the people here in this forum didn't lose much money.
Bigmama ( Date: 01-Oct-2013 07:24) Posted:
| Lol, Bigmama is a little worry about the market now. There is a small possibility of a crash ( worst .... a flash crash) ... Not just for IPCO but the whole market. A local brokage house seems to have this view. Hope I am dead wrong. I am queuing to sell starting 3.8. |
|
|
|
Now you know why I mention that there is a possibility of a crash or flash crash a few days back ...... Because uob knew it is only to happen .... That is why they curb like crazy.
Hope the people here in this forum didn't lose much money.
Bigmama ( Date: 01-Oct-2013 07:24) Posted:
Lol, Bigmama is a little worry about the market now. There is a small possibility of a crash ( worst .... a flash crash) ... Not just for IPCO but the whole market. A local brokage house seems to have this view. Hope I am dead wrong. I am queuing to sell starting 3.8.
spss1955 ( Date: 30-Sep-2013 22:14) Posted:
| No doubt Edward sold 25M today but at what price? at 34/35? Think our bigmama can do better, lol. |
|
|
|
Be greedy when everyone is fearful. Be fearful when everyone is greedy. Time to buy!!!!!
1.1 SFA 197. False trading and market rigging transactions
? Wash Sales
A wash sale is a transaction effected through the market which involves no change in the beneficial ownership of a security. For example, if A transfers title of his securities to B, but agrees with B that B holds the securities for A (such that, for example, when B sells the securities, the proceeds of that sale belong to A), there is no change in the beneficial ownership of those securities.
Since there is no real change in the ownership nor any real obligation to make payment, the transaction is thus essentially fictitious.
? Matching Orders
A technique closely related to wash sales is matching orders (also referred to as pre-arranged trading). This essentially involves the entering in of an order for the purchase of securities with the knowledge that a sales order has been entered or will be entered into at substantially the same time, size and price.
xtraderx ( Date: 04-Oct-2013 19:27) Posted:
Blumont was driven up by wash sales i.e A to B, B to C, C back to A again, go read up on this if you don't understand what are wash sales.
The cost is negligible compared to the profits they got from IPCO.
spss1955 ( Date: 04-Oct-2013 18:04) Posted:
Hi xtraderx, for a long time, ipco's price did not move very much despite Blumont's spectacular rise. If the BBs had to " manipulate" Blumont's stock price by more than 10x to " generate" a 80-100% rise in Ipco's price, then I don't consider their effort to be very successful, right? Assuming if what you're saying is correct.
Furthermore, that spike in Ipco's price to 4.6c was so short-lived. I can't imagine the BBs working so hard to win their prize for one day.
Ipco's rise and fall was, as we all know, due to expectations and stock play and not due to the reason as you mentioned in your post. Sorry to contradict you again. |
|
|
|
They would have cashed out if they could, this group of 9 companies are all controlled by the same syndicate, they have cross holdings all over the place.
blackcode ( Date: 04-Oct-2013 19:18) Posted:
have they cashed out or not is still a question mark. its obvious blumont is way way overvalue and they could have off loaded bit by bit during those times. If they still holding on tightly to its shares i really dunno wat to say..
Bigmama ( Date: 04-Oct-2013 19:00) Posted:
Was ipco management too greedy? They had a few hundred million gain. If they play it wrong..... Puff ... All gone. They had that chance to cash out and make ipco rich...(.or did they?) ....and ipco can be a very different company...... Now it never be the same.
Trust me.... We will not see 6 cents period. Don't let some crazy fool talk you otherwise. Now last week spike is it a pump and dump? |
|
|
|
Blumont was driven up by wash sales i.e A to B, B to C, C back to A again, go read up on this if you don't understand what are wash sales.
The cost is negligible compared to the profits they got from IPCO.
spss1955 ( Date: 04-Oct-2013 18:04) Posted:
Hi xtraderx, for a long time, ipco's price did not move very much despite Blumont's spectacular rise. If the BBs had to " manipulate" Blumont's stock price by more than 10x to " generate" a 80-100% rise in Ipco's price, then I don't consider their effort to be very successful, right? Assuming if what you're saying is correct.
Furthermore, that spike in Ipco's price to 4.6c was so short-lived. I can't imagine the BBs working so hard to win their prize for one day.
Ipco's rise and fall was, as we all know, due to expectations and stock play and not due to the reason as you mentioned in your post. Sorry to contradict you again.
xtraderx ( Date: 04-Oct-2013 17:36) Posted:
| Should be crystal clear to you now. : |
|
|
|
Let me guess.. that crazy fool is her name starts with I ? Lol
Actually she help me makes money.. everytime she say buy this counter I short lol..(",)
Bigmama ( Date: 04-Oct-2013 19:00) Posted:
Was ipco management too greedy? They had a few hundred million gain. If they play it wrong..... Puff ... All gone. They had that chance to cash out and make ipco rich...(.or did they?) ....and ipco can be a very different company...... Now it never be the same.
Trust me.... We will not see 6 cents period. Don't let some crazy fool talk you otherwise. Now last week spike is it a pump and dump? |
|
