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YCL gets 9m shares... not bad. He sold his stake for 0.88 .... doesn't sound too great then.
Oct 2010, soon after shares option announced price moved from about 1,00 to 1.20 in a month.\
Sept 2010 annpounce share option granted - then announcement of significant news - shares price jump from around 85cents to a high of around 1.05 in a matter of days.
I believe a BIG announcement is coming.
I am tempted to seel all I have and give to the poor, I mean seel all others and buy BIG now.
Unlikely sales of Fidelity has much impact on share price. Others will be willing to swallow up their shares and the amount sold is reallly not very much.
Watching previous times when shares prices are pushed low and subsequently announcement of new shares, the recent share prie suppression I fimrly bellief is due to the share options to directors and the grant of shares to YCL
NOw that the option price is fixed, grant of shares entered into account books, and the announcement made, it is time for price to move up again - as in previous occasssions.
Already Friday closes above 1.5, and reached an interday high of 1.515. With Dow ending up 0.5% market, BIG cetrainly has the possibility t cross the 1,52 resistance. Once that happen 1.6- could be attained very shortly.
thanks!
infancybird ( Date: 30-Mar-2012 21:37) Posted:
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Based on the company announcement today after market closed, 2 facts emerged that may account for the price suppression I had mentioned.
.1 Grant of share option that was fixed at US $ 1.12 ( based on closing of last 5 days) to several directors & Grant of share award to Mr. YC Lu also basing on same price.
2. Sales in open market( 4.5 million) by Fidelity gp on 27th Mar again, their 2nd sale this month. Most likely also on 28th and today ( yet ot be announced, will keep track) . Reason for such sale is unknown but I see it as positive as they are the only non-Chinese majority shareholder. Its better for them to leave the scene.
The sky is clearer now and it is nice and encouraging to see BIG`s price continued to move up under heavy turnover, with big buyer absorbing all the heavy selling, this is a very positive sign for this stock . Now just wait for the full year result , probably in May.
infancybird ( Date: 30-Mar-2012 11:09) Posted:
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we shall monitor
stocksburntme ( Date: 30-Mar-2012 12:54) Posted:
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cant seem to break past 1.50 convincingly
Not quite yet. Noticed strong price suppression by BB btw $1.48 to $1.50 as evidenced by the constant Large Ask Volume. Intention unknown but may be,as before, BB trying hard to fix price at this level for slow accumulation and getting ready for price sensitive news to emerge. Just need to be patient and watch the Show unfolding.
gbleng ( Date: 30-Mar-2012 09:23) Posted:
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Here we go again??!!
DBS Group research
Today’s Focus
• Small Mid Caps - Earnings recovery and oil price plays.
Stock picks: Ezion, CH Offshore, ASL Marine, Venture,
Minzhong, Tiger, Sound Global, Luye, ARA and Biosensors.
Small Mid Caps have performed very nicely to date stock
picking is now key as valuations normalize. O& G plays are in
favour as persistently high oil prices leads to higher O& M activity
and earnings upgrades. Stock picks include Ezion for high
earnings visibility and solid execution. CH Offshore and ASL
Marine are turnarounds, expected to benefit from the improving
charter market and a rebound in orders for offshore support
vessels. As we are no longer in a ‘rising tide market’, the only
stocks to see a further uplift will be those expecting a turn
around in fortunes, sustained profit growth or upside to current
forecasts. Our turnaround picks are Venture for a continuation
of the tech rebound, China Minzhong for better harvest near
term, and Tiger Airways for its stronger operational efficiencies.
We also see potential earnings upside for Sound Global, Luye,
ARA and Biosensors.
down again....pui!
Qtr ending for most mutual funds / institutional investors. Causing gyrations in US & Europe. Maybe also impact BIG??
Pls press ur loon button again. Haha. 
stocksburntme ( Date: 23-Mar-2012 09:50) Posted:
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its sliding down slowly...killing me softly...
Maybe BIG will dance at April 2012
stocksburntme ( Date: 21-Mar-2012 21:23) Posted:
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when will BIG do a sexy dance for me again ?
Biosensors have not shown its true colours yet, hahaha. Actually this counter is relatively low in price. So I will agree with both your points. Cheers.
SmallPlayer ( Date: 20-Mar-2012 17:27) Posted:
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FMR LLC just sold 4,700,000 shares on open market on 14th Mar 2012, files on 19th Mar 2012 according to SGX filing.
Uncle Ti 88
http://uncleti88.blogspot.com
----
I trade using the Commitments of Traders Report.
Follow the commercials. They buy we buy. They sell we sell.
Based on my own amatuer charting, I'm looking (& hoping) at 2 possible scenarios.
1) Pullback to 1.42 next week, before climbing back up and hitting new highs above 1.70 in 1st half of April.
2) No significant pullback, climb to new highs above 1.70 next week.
Vested.
Not an inducement to buy.
Just my 2 cents worth :)