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Today is definitely a shortist day for IPCO, but seems like you are late. 3.5cents is a strong resistance, you could have made some handsome profit if you had shorted in the morning.
I am speculating,
AND REALLY JUST SPECULATING, that the parties will work out their difference last min tonight- neither party wants to bear the responsibility of sending the country into another crisis. Thus IPCO might lead another charge tomorrow.
drbull ( Date: 30-Sep-2013 13:07) Posted:
Yes I agree with you to listen to their chit chat. But it should pertain to different points of view is ok . But not critising who is right or wrong. Anyway I am not talking about their quarrels anymore. TQ.
Importantly we are here to get tips on how to make money!. Looks like if we sell Mr. IP now and buy back later at cheaper price we can make some money.What does everyone think?
spss1955 ( Date: 30-Sep-2013 12:38) Posted:
| Hi drbull, dun mind them. let them haf their chit chat, a bit of comic relief wen the mkt is deep red. Just got back from washing my car, good work out too. Now my car is clean and shiny. Wish I can do the same for my counters too, can wash it clean..... haha. |
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IPCO seem always stagnant for long time - when move alot in a day after so long of sleep, it falls back almost immediately................
So on the next run ..................in a day.................move above 4.5 ................ if can. Grab profit.............be sure , safe than sorry yeah.
They can stop the slide if they have 400+m to throw away.
k2kingkong ( Date: 30-Sep-2013 12:59) Posted:
thanks xTraderx,
if a major shareholder emerged in Ipco and decide to sell its Blumont's investment, can Blumont's SSHs stop the Blumont's price slide ?
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Yes I agree with you to listen to their chit chat. But it should pertain to different points of view is ok . But not critising who is right or wrong. Anyway I am not talking about their quarrels anymore. TQ.
Importantly we are here to get tips on how to make money!. Looks like if we sell Mr. IP now and buy back later at cheaper price we can make some money.What does everyone think?
spss1955 ( Date: 30-Sep-2013 12:38) Posted:
Hi drbull, dun mind them. let them haf their chit chat, a bit of comic relief wen the mkt is deep red. Just got back from washing my car, good work out too. Now my car is clean and shiny. Wish I can do the same for my counters too, can wash it clean..... haha.
drbull ( Date: 30-Sep-2013 12:25) Posted:
SOUNDS QUITE DEPRESSING READING 2 veteran members splitting hairs on the FORUM ALMOST EVERYDAY. WE ARE LOOKING TO 2 of you for guidance and leads not bad mouth each other.
ANYWAY LOOKING AT TODAY' s selling pattern EL APPEARS TO BE SELLING AGAIN. WE SHOULD FOLLOW HIM TO SELL AND BUY BACK CHEAPER LATER.CAN MAKE SOME TRADING PROFIT.! |
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thanks xTraderx,
if a major shareholder emerged in Ipco and decide to sell its Blumont's investment, can Blumont's SSHs stop the Blumont's price slide ?
To rig Blumont's share price, that much is obvious. Blumont is a cornered stock, SSHs can't sell their shares (dumping the float in open market) without crashing it. The question that people should be asking is why rig Blumont's share price? My own speculation is that Blumont is just a proxy thats used to control IPCO's price behaviour. The cost of rigging Blumont's price is negligible (they don't lose money if they don't dump the shares onto the public), but the gains from IPCO's soaring share price is potentially huge i.e pump up blumont to induce public to buy IPCO shares from the manipulators.
Note that this is pure speculation only, and I have no vested interest in IPCO or Blumont.
k2kingkong ( Date: 30-Sep-2013 12:28) Posted:
@xtraderx :
Why are the big share holders subscribing to all the rights and not selling their Blumont shares ? thks for advice.
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Hi drbull, dun mind them. let them haf their chit chat, a bit of comic relief wen the mkt is deep red. Just got back from washing my car, good work out too. Now my car is clean and shiny. Wish I can do the same for my counters too, can wash it clean..... haha.
drbull ( Date: 30-Sep-2013 12:25) Posted:
SOUNDS QUITE DEPRESSING READING 2 veteran members splitting hairs on the FORUM ALMOST EVERYDAY. WE ARE LOOKING TO 2 of you for guidance and leads not bad mouth each other.
ANYWAY LOOKING AT TODAY' s selling pattern EL APPEARS TO BE SELLING AGAIN. WE SHOULD FOLLOW HIM TO SELL AND BUY BACK CHEAPER LATER.CAN MAKE SOME TRADING PROFIT.!
Bigmama ( Date: 30-Sep-2013 11:30) Posted:
Still got half.... See last week postings. Same as ipco.... When did I say I want to sell at 4? All my sell and buy are posted. No need to make up stories again and again.
Tag my posting before accusing old man.... So underhand ... So desperate when things go wrong |
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I read that Blumont is buying a copper mine and needs some money less than 20 million. If SSHs are not willing to pony up more money, they could price each right at less then 5 cents ? can't they ?
i highly doubt edward selling shares today.. before the run up, he had accumulated around 70mil shares during july/august.. he sold all if not most of them, leaving the rest rotting (400mil+ shares) which has been there for some time.. this 400mil shares wont be sold totally, until at least maybe ipco realise blumont's gain.. so there will still be a substantial amount of holdings he will keep, regardless of whether he buy/sell in the near future.. it is not new that we have big selling lots at regular interval.. edward is just one BB who is a SSH.. we have many BB who is also playing this counter, but are not SSH, probably big traders.. the market in general is cautious due to the US ceiling.. alot stocks are dropping.. makes absolute sense for BB to run away with some profits first.. not only in ipco context..
xtraderx ( Date: 30-Sep-2013 11:49) Posted:
| Edward Lee most likely selling again, I see systematic selling of 5k lots in regular intervals, this is similar to last Friday's order flow. |
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@xtraderx :
Why are the big share holders subscribing to all the rights and not selling their Blumont shares ? thks for advice.
Why are the big share holders subscribing to all the rights and not selling their shares ? thks for advice.
SOUNDS QUITE DEPRESSING READING 2 veteran members splitting hairs on the FORUM ALMOST EVERYDAY. WE ARE LOOKING TO 2 of you for guidance and leads not bad mouth each other.
ANYWAY LOOKING AT TODAY' s selling pattern EL APPEARS TO BE SELLING AGAIN. WE SHOULD FOLLOW HIM TO SELL AND BUY BACK CHEAPER LATER.CAN MAKE SOME TRADING PROFIT.!
Bigmama ( Date: 30-Sep-2013 11:30) Posted:
Still got half.... See last week postings. Same as ipco.... When did I say I want to sell at 4? All my sell and buy are posted. No need to make up stories again and again.
Tag my posting before accusing old man.... So underhand ... So desperate when things go wrong.
Isolator ( Date: 30-Sep-2013 11:13) Posted:
| Sometime I feel this aunties very funny.... Dont believe my balls yet follow me to long.... when she follow, then seems not right... she will keep biting my toes..... She say 4ct she will out all... but.... sigh..... Anyway, have fun.... LO |
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If you look at the company's finances you will realise that 40m (from the rights issue) is actually a substantial sum of money to blumont. As for pricing the rights at a higher price... well I don't think SSHs would be willing to pony up more money.
Blumont is definitely not worth $2.40, I would have short sold it if there was some way to do it.
k2kingkong ( Date: 30-Sep-2013 12:05) Posted:
Fair enough, the cup is half empty or half full. Another way of seeing it is to reward loyal shareholders. 2 shares get 1 right is essentially a share split. If they need money due to cash flow problems, Blumont could ask for a much higher price than 5 cents for each right.
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well said. exactly my sentiment.
hmphie ( Date: 30-Sep-2013 12:04) Posted:
I believe the rights issue was not about raising the few million of dollars from the 5ct exercise price. It was to give more shares to SSHs on the cheap.
xtraderx ( Date: 30-Sep-2013 11:58) Posted:
Blumont is a cornered stock, there isn't any way to short it down because nearly all of the existing float are controlled by a few entities, it can't short sold via CFD or SBL either. The company is worth over 4b yet they had to raise a couple of million dollars with a rights issue, this alone is an enormous red flag to me.
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I THINK YOU ARE RIGHT he is selling because you can see from the selling pattern. SO MY FEELING IS TO SELL NOW AND BACK LATER AT A CHEAPER PRICE.
xtraderx ( Date: 30-Sep-2013 11:49) Posted:
| Edward Lee most likely selling again, I see systematic selling of 5k lots in regular intervals, this is similar to last Friday's order flow. |
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don't hav said sour.sell fish.
Fair enough, the cup is half empty or half full. Another way of seeing it is to reward loyal shareholders. 2 shares get 1 right is essentially a share split. If they need money due to cash flow problems, Blumont could ask for a much higher price than 5 cents for each right.
I believe the rights issue was not about raising the few million of dollars from the 5ct exercise price. It was to give more shares to SSHs on the cheap.
xtraderx ( Date: 30-Sep-2013 11:58) Posted:
Blumont is a cornered stock, there isn't any way to short it down because nearly all of the existing float are controlled by a few entities, it can't short sold via CFD or SBL either. The company is worth over 4b yet they had to raise a couple of million dollars with a rights issue, this alone is an enormous red flag to me.
k2kingkong ( Date: 30-Sep-2013 11:46) Posted:
TA shows strong support at 3.6 cents. Nobody knows how market will perform previous support levels were 4.0 and 4.4 Next support is 3.2 cents. I don't think long term big investors want to sell down the share too much because they had a hard time pushing it up. The more they sell, the lower the value of their portfolio. Like all small investors, big boys can't always buy back after selling. There are other big boys who recognise a good thing when they see one.
Blumont's capitalisation went up by nearly 50% with their 2 shares get 1 right at 5 cents and yet nil-paid rights were trading at $2.41 2 cents below its mother share price. The price looks ridiculous but why aren't people shorting it down ? It's hard to value a mining stock.
Ipco's own natural gas biz is also profitable. Ipco has got good fundamentals and yet trading well below its published value of 8 cents.
just my 2 cents worth, am vested. not an inducement to buy.
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Blumont is a cornered stock, there isn't any way to short it down because nearly all of the existing float are controlled by a few entities, it can't short sold via CFD or SBL either. The company is worth over 4b yet they had to raise a couple of million dollars with a rights issue, this alone is an enormous red flag to me.
k2kingkong ( Date: 30-Sep-2013 11:46) Posted:
TA shows strong support at 3.6 cents. Nobody knows how market will perform previous support levels were 4.0 and 4.4 Next support is 3.2 cents. I don't think long term big investors want to sell down the share too much because they had a hard time pushing it up. The more they sell, the lower the value of their portfolio. Like all small investors, big boys can't always buy back after selling. There are other big boys who recognise a good thing when they see one.
Blumont's capitalisation went up by nearly 50% with their 2 shares get 1 right at 5 cents and yet nil-paid rights were trading at $2.41 2 cents below its mother share price. The price looks ridiculous but why aren't people shorting it down ? It's hard to value a mining stock.
Ipco's own natural gas biz is also profitable. Ipco has got good fundamentals and yet trading well below its published value of 8 cents.
just my 2 cents worth, am vested. not an inducement to buy.
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Edward Lee most likely selling again, I see systematic selling of 5k lots in regular intervals, this is similar to last Friday's order flow.
