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Ok, everyone. SGX has already cleared the air regarding the 3 sister stocks. Nothing serious has happened, and nothing will be happening, I guess. So what are we waiting for? Buy and buy NOW as the DOW is going to the 16,000 level very soon, probably within 3 to 4 weeks.
Happy trading!!
Happy trading!!
Octavia ( Date: 30-Oct-2013 11:18) Posted:
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if can do something like dat...very happy liao loh.
Peter_Pan ( Date: 30-Oct-2013 10:47) Posted:
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Clarifying SGX's clarification
IN RESPONSE to the tumultuous events of the past three weeks involving the speculative trio of stocks Asiasons, Blumont and LionGold, the Singapore Exchange (SGX) last Friday issued a detailed clarification to correct what it believes are misconceptions about its role as frontline market regulator.
Clearly intended to be the final word on the subject, SGX's explanations are useful as they address gaps in the public's understanding of the way regulatory matters are handled and how the exchange views its role. Last Friday's release should be compulsory reading for all parties interested in regulatory matters, how discipline is maintained in daily trading, and overall governance.
From a close reading of SGX's release, the first point to note is that the exchange's powers are limited almost wholly to issuing warning signals to the market if trading takes an unusual turn. These warnings range in strength, starting with a query - the first signal that something may be amiss. Then it progresses to designation (which occurs if there may be possible manipulation and/or excessive speculation) and ends with an exchange-driven suspension (when the exchange thinks the market is not orderly, informed or fair).
A temporary suspension could, of course, come ahead of designation as shown in the case of the speculative trio. But the point that should be stressed is that SGX's primary regulatory role in daily trading - apart from enforcing its listing rules - is to sound warnings
asia blue lion can like tat..???
Forum letter (ST Published 30 Oct)
Does regulator need regulation?
THE actions of Singapore Exchange (SGX), the market regulator, over the past three weeks have left many questions unanswered (" Penny stock drama likely to hold traders' attention" Monday).
Why did it not take action when the prices of three locally listed companies - Blumont Group, Asiasons Capital and LionGold Corp - rose spectacularly? And why did it eventually decide to act and raise queries?
Did its actions cause market panic, leading to the crash of these stocks? And why was the possibility of further probes announced only after the stocks resumed trading after their suspensions were lifted?
Billions of dollars have been wiped out in a flash. Hasn't the SGX learnt its lesson from the financial crisis in 2008 - that is, if you take your eye off the ball, there can be disastrous consequences?
More importantly, does the regulator need regulation?
The SGX has a lot of explaining to do, not only on the whats and whys of the recent fiasco, but also how it is going to prevent such incidents from happening again.
The last thing Singapore needs is a reputation for poor market regulation.
Samuel Owen
another bo mak kuah day for pennies. you are right. they are attempting to tighten and correct the penny market and trying to pique our interests in mid cap to blue chip stocks instead but at the rate they are going if they still don't do any form of damage control and go overboard with it, it will affect the overall sentiments of the market nonetheless..
wishbone ( Date: 30-Oct-2013 10:05) Posted:
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I think it is going to be difficult for the time being as I can not see any light from the end of the tunnel. So long as the stupid regulators still taking their time to do the so called investigation which in fact they should have done it long long ago, it will remain like this everyday and may even get worse.
Bigmama ( Date: 30-Oct-2013 09:34) Posted:
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roar..!!!
Hope to be right today
Bigmama ( Date: 30-Oct-2013 08:03) Posted:
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they struggling to stay afloat.. btw the banner ads in this forum very irritating haha, keeps popping out when cursor is placed there. i don't need hair damage treatment in 5 minutes!!!
wishbone ( Date: 30-Oct-2013 09:29) Posted:
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Ever since these counters are on the spotlight, everyday on the top volume chart and showing all kind of patterns. Up in the morning and slowly it will trend down and some may even go below the water for the day.QIQO may make soem money.
see how powerful a trading curb is? sky one not even in top volume...no chance for rebound...
Yup u right...But show tat the company still got some valuation in it.
Qtr earning is most important....
Tat I did mention in my forum....
Stock with bad qtr earning, better siam.....risky.... As qtr earning result coming out liao...
freeme ( Date: 30-Oct-2013 08:45) Posted:
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Nav is nv a good gauge abt share price. It only act as a comfort to possible base price.
shadowmoon ( Date: 30-Oct-2013 08:38) Posted:
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Think no cute cute.. Cute can le
Peter_Pan ( Date: 30-Oct-2013 07:26) Posted:
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i wish i am wrong coz i also wish for the trio to recover so that it gives the market a boost. but a convertible loan from inside people?? hmmm i'm not too sure able that. maybe signalling liquidity issues at the moment? technically speaking a loan doesn't add to its share capital. nope doesn't goes well with me...
Maller ( Date: 30-Oct-2013 08:19) Posted:
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Asiasons worth a bet. Its situation unlike Liongold and Blumont.
N currently it is below its NAV loh
Any guess wat will be the price for Asiasons today??
Asiasons latest news Convertible loan at $0.25 to Directors. Higher than yesterday's price. I think shows confidence!! Huat Arr!!!
good morning all, i think still no cute cute yet. mainstream media no mention of the SIAS news. worse still today highlight on sky one somemore plus mention about many brokers implementing their trading curbs on pennies so expect continued pressure and fear. think light at the end of the tunnel not going to be seen so soon. quite apparent they want to tighten on retailers dabbling in pennies.
Peter_Pan ( Date: 30-Oct-2013 07:26) Posted:
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