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I think he can't sell all without causing a massive drop in price. Likewise how he has been buying in small amounts in the recent past.
Bluemanta ( Date: 27-Sep-2013 21:01) Posted:
my thought as well. will not be good for his remaining 86% holdings, would it? sabotaging himself? want to let go let go all.   |
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I remembered someone said EL told some shareholders at the recent AGM that he had been buying ipco shares for some time and sees long term prospects for ipco. Unless he pares down more than half of his holding, I would think today's selldown is profit taking.
Let's see Monday's price action for more clues.
OrangeApp ( Date: 27-Sep-2013 21:00) Posted:
I would say EL is smart if he had sold all his holding on Wednesday when there was huge volume to swallow...
srichipan ( Date: 27-Sep-2013 20:57) Posted:
Wah. Mind game at its best. Credit to you to analyse it this wa |
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my thought as well. will not be good for his remaining 86% holdings, would it? sabotaging himself? want to let go let go all.  
I would say EL is smart if he had sold all his holding on Wednesday when there was huge volume to swallow...
srichipan ( Date: 27-Sep-2013 20:57) Posted:
Wah. Mind game at its best. Credit to you to analyse it this way
OrangeApp ( Date: 27-Sep-2013 20:54) Posted:
Interesting... ELee as a SSH, why would he shout to everybody that he has sold his ~14% holding? What will happen to his remaining ~86%?  Will he sell more next week? Is  he trying to create panic so that  he is  able to add more at lower price?
Interesting... |
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Wah. Mind game at its best. Credit to you to analyse it this way
OrangeApp ( Date: 27-Sep-2013 20:54) Posted:
Interesting... ELee as a SSH, why would he shout to everybody that he has sold his ~14% holding? What will happen to his remaining ~86%?  Will he sell more next week? Is  he trying to create panic so that  he is  able to add more at lower price?
Interesting... |
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Interesting... ELee as a SSH, why would he shout to everybody that he has sold his ~14% holding? What will happen to his remaining ~86%?  Will he sell more next week? Is  he trying to create panic so that  he is  able to add more at lower price?
Interesting...
Den Mon sell + short to earn back profit....lidat no hurry to buy back....let it drop till blw 0.03
yummygd ( Date: 27-Sep-2013 19:08) Posted:
Serious... Den my small small lots monday will run road also lol
hmphie ( Date: 27-Sep-2013 19:03) Posted:
SGX filing. Edward Lee sold 73m shares today. Good luck.
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Edward Lee selling, together with the volatility from next week's USA debt ceiling moves, might just be the catalysts for a selldown. Not forgetting T+5. Plan your moves.
This edward lee do not has the wisdom of isolator. lol.
He bought alot from 0.021-0.040 so lets say he is selling the lots he bought at low.. Thats alot of returns for him!!!
Rosesyrup ( Date: 27-Sep-2013 20:22) Posted:
People earned an annualized return of 60%* wor.
 
*Market return 20% nia. 
xtraderx ( Date: 27-Sep-2013 19:49) Posted:
This edward lee buey zai, up a bit only want to sell already, goes to show that he doesn't have much confidence in the company. I think this will put a hard cap on the stock price because traders will be wondering if he will sell again if it moves back up to 4.5c.
Can try a speculative short on Monday if it doesn't open with a large gap down. |
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ipco game over!
maybe last min he need some cash elsewhere lol
xtraderx ( Date: 27-Sep-2013 19:49) Posted:
This edward lee buey zai, up a bit only want to sell already, goes to show that he doesn't have much confidence in the company. I think this will put a hard cap on the stock price because traders will be wondering if he will sell again if it moves back up to 4.5c.
Can try a speculative short on Monday if it doesn't open with a large gap down. |
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People earned an annualized return of 60%* wor.
 
*Market return 20% nia. 
xtraderx ( Date: 27-Sep-2013 19:49) Posted:
This edward lee buey zai, up a bit only want to sell already, goes to show that he doesn't have much confidence in the company. I think this will put a hard cap on the stock price because traders will be wondering if he will sell again if it moves back up to 4.5c.
Can try a speculative short on Monday if it doesn't open with a large gap down. |
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This edward lee buey zai, up a bit only want to sell already, goes to show that he doesn't have much confidence in the company. I think this will put a hard cap on the stock price because traders will be wondering if he will sell again if it moves back up to 4.5c.
Can try a speculative short on Monday if it doesn't open with a large gap down.
Haha most importantly, the recent price surge has increased the volatility of this stock and grabbed the attention of more interested traders- other than edward.
In fact, I think IPCO case is pretty similar to Yongnam: Sleep for years ==> wake up & run abit ==> shareholders  quickly  sell at high price===> result in temporary fall in share price===> >   BUT THE VOLATILITY HAS ALREADY SEND A MESSAGE TO THE TRADER PIT THAT  THE STOCK  HAS WAKEN UP**==>   traders gets in and the stock  rush toward fair value ##.
Thus no need to worry that this stock will get stuck for long time like before, only concern is  about which direction is it going to move. If the current price fall well below our intrinsic value, there is little need to worry about who sell what.
** This is the stage where IPCO is in now.
### This is the stage for the current Yongnam.
 
srichipan ( Date: 27-Sep-2013 19:20) Posted:
He has slightly more than 500million shares? 73 out of 500 is about 15%. Maybe locking in some profits first.
hmphie ( Date: 27-Sep-2013 19:03) Posted:
SGX filing. Edward Lee sold 73m shares today. Good luck.
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Ya hor den buy back later!!! Lol see how . Profit buy. Principal still sitting pretty.
hmphie ( Date: 27-Sep-2013 19:34) Posted:
Maybe that's what he wants you to do? Run road.
yummygd ( Date: 27-Sep-2013 19:08) Posted:
Serious... Den my small small lots monday will run road also lo |
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Maybe that's what he wants you to do? Run road.
yummygd ( Date: 27-Sep-2013 19:08) Posted:
Serious... Den my small small lots monday will run road also lol
hmphie ( Date: 27-Sep-2013 19:03) Posted:
SGX filing. Edward Lee sold 73m shares today. Good luck.
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Profit taking going on. And also short selling, contra and force selling means it might stay this range or drift lower.
Let it rest for a while. After T+5 may see movement up again. At this price it is still undervalued. Especially with the recent rights issue and price surge of Blumont. And also the growing oil&gas business in china (30-year exclusive contract). Lastly more than 1billion shares were traded at 43/44/45. These people won't want to sell at a low if possible.
He has slightly more than 500million shares? 73 out of 500 is about 15%. Maybe locking in some profits first.
hmphie ( Date: 27-Sep-2013 19:03) Posted:
SGX filing. Edward Lee sold 73m shares today. Good luck.
Rosesyrup ( Date: 27-Sep-2013 18:40) Posted:
Joking Joking. Trying to lighten  up the mood  here...haha cheers |
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Serious... Den my small small lots monday will run road also lol
hmphie ( Date: 27-Sep-2013 19:03) Posted:
SGX filing. Edward Lee sold 73m shares today. Good luck.
Rosesyrup ( Date: 27-Sep-2013 18:40) Posted:
Joking Joking. Trying to lighten  up the mood  here...haha cheers |
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