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360 bpd of oil is only valued at 10cents shares. Is this market still fair play?
Chart wise, this will fall to 14cents followed by 12cents...10cents is inevitable.
Major support broken..falling knife!
Major support broken..falling knife!
for mirach, may be more attractive to go short if it retraces back to the 215 level rather than at this level ..... more observations needed
seanpent ( Date: 30-Oct-2013 16:34) Posted:
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probably a nice rebound for Blumont from 118 before any shorting can be lucrative
Cut all my mirach position today, heart pain but might be even worst if i didnt in to come.
think market may go through a bargain hunting process anytime soon ..... either today's last half hour or tomorrow .....
in super oversold territory .....
dicksonh ( Date: 29-Oct-2013 09:18) Posted:
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guess today's shorters will be competing with bargain hunters ?
hopefully mirach will too...
i bought in some at 0.15 to average out...
hopefully mirach will move up soon :)
Tritech recovering nicely ..... hopefully Mirach next .....
Do u mean sell it?
wait4opp ( Date: 29-Oct-2013 09:05) Posted:
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yup ..... guesss a logical solution now is to temporary suspend shortings without scripts ..... as the overall sentiments are affected, not just the pennies ..... so that SGX can be in alignment with the other markets .....
Having some advices from some Broker Firms that this counter if have better do something....before too late....
MY VIEW...
guess we will know anytime soon .....
did you catch yahoo's news mentioning " The Monetary Authority of Singapore (MAS) has now stepped into the fray and confirmed on Thursday that a review into what went on was taking place." ?
Mrbat$$$ ( Date: 28-Oct-2013 14:15) Posted:
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guess nothing much SGX can do abt shorting unless ban it altogether.
Circuit breakers lor, 10% in either direction will trigger 5mins trading halt. Got use meh?
Spot on...guru! So today....up or down?
stockmarketmind ( Date: 29-Oct-2013 07:55) Posted:
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" disruptive manipulation"
Small companies coming under attack by shortists one by one.
I guess those who are in it just have to tolerate and wait for the attacks to pass?
Not sure if mirach has any fundamentals to support its share price in the long run or not.
do you think there's a possibility of SGX clamping down on hard core shortings ? especially those who don't own the scripts ?
just like the clamping down of the gravity defying rally, think there's probably gonna be something anytime soon for the illogical shortings ..... just a guess .....
dicksonh ( Date: 28-Oct-2013 13:52) Posted:
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Sharks are in the water and there are blood all around us. If we look down under us in the dark water.... we don't know when and where is the next attack... In our mind.... Fear.
The company discovered some new oil digging opportunities, but still the price came down. Why? Because it's a penny stock.
http://stockmarketmindgames.blogspot.sg/2013/10/sti-no-investment-for-pennies.html
seems possible ..... quite a sharp turn up from day low .....
Mrbat$$$ ( Date: 28-Oct-2013 14:15) Posted:
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