
LMA's move north today seems to be a battle between the contra long and contra short sellers. It could be the contra long players moving north to test whether the sellers today are "real" or "short". If most of the sellers today are "real" , then LMA is likely to dip the next few days. Any comments re my observation?
Hi ten4one
If I am not wrong, it was a "tradechancellor" who wrote that the free float shd be about 70 million shares, though this figure may not remain static everyday. I believe the calculation was based on LMA 2006's annual report, page 66 entitled, "Statistics of shareholders" . The total number of shares, under the headline "Analysis of shareholders by size of shareholdings" is 580,946,581. Less the total of 506,859,659 shares with the "top twenty shareholders (as recorded in the Register of shareholders" (as shown on pg 66), the free float shd be abt 70 million shares. Do u think his calculation is right?
For LMA, yesterday's action probably scared off quite a few players...
Because when it traded at 0.38, it actually broke out downward outside the triangle...
But that situation is salvaged today as it rallied strongly to 0.415, thus breaking out upward.
Perhaps it's time to practise "Let your profits run, but don't let it runaway" ...

Ten4One... :)
I agree with you... and I am in tune with all you say...

And I also like that last sentence best ...
I totally agree with you that "not losing is already winning!!!"...
Haha....As the saying goes ' You may lead a cow to the water, but you can't make it drinks'
I think hikitty is too seriously 'wounded' to be laughing as yet... maybe LMA hits $1

jackjames, I suppose it is very difficult to sell at the top or likewise, buy at the rock bottom. Just try to be on top of the game is the way to go....you don't lose, you win!!!! Cheers!
Hahaha... you may say that... :)
But I really hope Hikitty will start to adopt a more technical approach to trading...
rather than religiously trusting the 'good fundamentals' of any stock...

Manikamaniko...u must also be laughing to the bank with Hikitty.........
Manikamaniko. Veteran |
Posted: 28-Oct-2007 22:19 |
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I've bought heavily this one in the past few days... |
Hikitty... :)
I can imagine you smiling away ... LMA hit just 0.42... hehehe...
waa.. sold too early hoh...
11:30:55 | 0.415 | 25,000 | Buy Up |
11:30:36 | 0.415 | 25,000 | Buy Up |
11:30:16 | 0.415 | 62,000 | Buy Up |
11:30:14 | 0.413 | 200,000 | X |
11:30:11 | 0.410 | 200,000 | Buy Up |
11:30:09 | 0.410 | 200,000 | Buy Up |
11:30:06 | 0.406 | 200,000 | X |
11:30:04 | 0.405 | 200,000 | Buy Up |
11:30:02 | 0.405 | 200,000 | Buy Up |
Hi stewartgoh
R u still waiting to buy LMA to cover your technical short? How much lower can LMA dip when the free float should now be less than 70 million shares? UBS and Pocter bought the LMA shares from those"manipulators" who are "dullards" (Yes, the "manipulators" behind LMA are a bunch of "dullards" - why can't they be like Starcrus' who ramp up SC even though it has not been profitable every quarter?) Can sense they ("the manipulators") are buying back, after having been "played out" at their own game of selling down?
I am out @0.395, nett gain 350, going for high tea later, ha ha...
Ten4one... :)
You have the point there...
And the market itself is the best tutor for all ...
well said ten4one, but again, this is the only hope we can see now... if they don't buy the stocks... you can imagine what will happen.. anyway, wait until I get out from this counter first ar..
Aiyah Mani, hikitty's principle is buy low sell high and she stuck to this principle 'religiouly' and forgot about sell low (lower than original px) and buy back lower!
Just because UBS & P Orlin bought means that LMA is a good buy .....how about the other Funds that sold-off! ANd why UBS want a director seat in LMA? LMA is so good meh? Directors could get into troubles too if LMA is in 'troubles'. Is UBS a strategic investor or just a Majority Share Holders and a Portfolio Funds Manager?????? Cheers!
I've bought heavily this one in the past few days...
Sigh... if only Hikitty had dumped them when high and gotten in again now...
Anyone knows when is the released date of the Q3 results ?
21 millions Sing dollars to support LMA price, this convinced me to just hold my 30 lots at 0.38 until 0.45 perhaps? .... let's see what can they do next ? they are pretty smart, collecting at really low price at this moment... this really make those big funds mad , getting at IPO price, isn't it? I wonder as long as the price < 40 cents, will they keep buying ? That's interesting...
BUY | Assume 0.37 | ||||||
25-10-07 | UBS AG | 908000 | $ 335,960.00 | 69890800 | 11.89% | 70798800 | 12.05% |
24-10-07 | UBS AG | 8367000 | $ 3,095,790.00 | 61523800 | 10.47% | 69890800 | 11.89% |
23-10-07 | UBS AG | 8720000 | $ 3,226,400.00 | 52803800 | 8.98% | 61523800 | 10.47% |
16-10-07 | UBS AG | 10000000 | $ 3,700,000.00 | 39803000 | 6.77% | 49803000 | 8.47% |
$10,358,150.00 | |||||||
25-10-07 | Porter Orlin | 2200000 | $ 814,000.00 | 69546000 | 11.83% | 71746000 | 12.21% |
23-10-07 | Porter Orlin LLC | 8367000 | $ 3,095,790.00 | 60271000 | 10.25% | 68638000 | 11.67% |
19-10-07 | Porter Orlin LLC | 8720000 | $ 3,226,400.00 | 51551000 | 8.77% | 60271000 | 10.25% |
16-10-07 | Porter Orlin LLC | 10000000 | $ 3,700,000.00 | 38551000 | 6.56% | 48551000 | 8.26% |
$10,836,190.00 | |||||||
$21,194,340.00 |
UBS AG and Pocter bought in total 57282 million shares (sigh - only when LMA price dipped!). Could there be a tug-of-war for a board of directors' seat between both of them, based on the quantity and pace each bought?. It appears that it would be good for LMA share price. Any input from fellow SJ participants?
Downside risk will be limited as the free float is now very much reduced with the open market purchases by UBS AG and Porter. Previously the free float was 70 million shares. The short term holders (or contra long players) are likely to cause LMA to dip in price again as evidenced by 155 lots being sold at 38cents seemingly by three (may be the same purchaser) purchasers today during the "closing minutes" of trading.
Tks ten4one for the input,I will be waiting.
