LMA   

LMA is as dead as "ghost town"

Ten4One... :)

My good "sifu" ...

This is simply such a wondrous post ! ... 

 

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! 

 

Hikitty... :)

You are behaving normally (ie. the usual, conventional attitude) by posting all the massive defensive comments to justify your holding onto the stock/s.

To me, I do not need to justify anything to 'save my face'...

I just listen to the price itself... because the price says everything... says all, including unknown things (as you have pointed out that you have been 'misled')...

Why not do it the easy way? ie. by trading technically?

This is my friendly advice to you... hope you won't feel angry with me, OK? ...  

 

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 $$$!

 

 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.      

 

Ten4One... :)

I am sure you have mastered it, too...  

I am  merely doing what I have learned the hard way...

Stock market education is really so important!.

 

Not bad Mani. Do it again...and again........................and again..... Cheers!

 

Luckily I promptly dumped all my LMA @0.44...

Today, it closed at 0.395...  

 

At the rate this LMA is falling, it is time to wait to collect at 34c again ...

 

 

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!

 

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.

Often, the secret of not losing $$$ (regardless of time frame) is to lose one's opinion and follow the dictates of  the price action itself.  In doing so, one  eliminates the  human side of the equation  in one's dealings, and thus, one's chances of  final survival in the stock market is much enhanced.

Hikitty's approach is by no mean uncommon... on the contrary, it is the usual approach of many.

But I am sure all exchange here is friendly and is done with  good intentions in mind...

 

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. 

 

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.

 

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 .

 

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

 

HiKitty, may I learn from you what is the likely TP if I were to buy this counter at this point?

 

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!

 

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 ! 

 

 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.