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the management had spent lots of time in preparation for this. have some confidence.
few weeks before krx starts, observe then react. chances of a premium is good to my knowledge.
the management had spent lots of time in preparation for this. have some confidence.
few weeks before krx starts, observe then react. chances of a premium is good to my knowledge.
this week can break 0.47 a nt master... need to war cry... haha
all expecting price drop @ opening... so pessimistic... normal sai also become lao sai....
need ur war cry... lol
masterlim8888 ( Date: 12-Jan-2011 21:14) Posted:
before this week will resume trading, dont worry. dont panic if px announced there is much lower than sgx, which i dont think so. observe and react. if they are quick, think tomorrow afternoon, if not, thurs night the annoucements will come. be patient and relax. |
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WA BIANG, like i overload and overstress leh. Why i keep comforting u all and no one comfort me, wait GX jump i also jump into drain. AH LIM ah!!! I think they need your comfort more, if not they will go siao and anyhow sell. Anyway i with u all, i also load a lot and kanna halt, dont make this my first new year cut loss red mark in my trading acc leh :( not pretty la.
Trading halt will be lifted on Friday (guess only but i think is 100%).
So tml go fly kite for those who vested only in CGX.
before this week will resume trading, dont worry. dont panic if px announced there is much lower than sgx, which i dont think so. observe and react. if they are quick, think tomorrow afternoon, if not, thurs night the annoucements will come. be patient and relax.
I agree and think alike too, they had to make px at Krx (if 405-415) look attractive bargain compare to sgx (445), but they also need to control px here to make it attractive there. If here 395- and Krx 410, U think Krx IDIOT AH!!! So if GX px here can push up to 470+++ before their T day (GX had a lot of work to do if want success), i think with the company strong profit growth fundamental, Krx investor will go siao (discount lelong lelong, CNY ang pow) and when T day start, they will anyhow grab anyhow put into mouth any anyhow push px rocket up. If sgx and krx px chase up, it will benefit all (GX the most) If all px goes down without support, tell GX CEO and their strategy advisor go fly kite la. Dont make IPO become Idiot Purchase Overprice.
vest4fun ( Date: 12-Jan-2011 20:32) Posted:
saw the heavy sell down yesterday afternoon, already knew some news might be leaked. today confirmed my theory coz its halted.
here are my thoughts. these are only some possible explanations for myself:
1. BBs already started to short this counter before closing yesterday, that is, sell off their contra + short. that explains the big sell downs from .465 all the way down to 435.
2. BBs covered some of their shorts back before closing, so you won't panic, thinking its just profit taking.
3. BBs are waiting for your panic selling after trading halt lift + force contra sell. baseline will be formed at 40cents above.
4. eventually the price might go back to 43-45 cents range, if the premium offer in korea is 40-41cents, counting in the 10% discount GX has to give to korean side.
will the price fall below 40cents? i dun believe it. if korea investors find out they can buy cheaper in SGX, why would they still subscribe in korea? and also that 17M X deals in range of 43.5-45 cents happened the day before yesterday will become obsolete. Korean vestors have already done their study and made their move.
as GX has been preparing for so long for dual listing, they are aiming for only a successful subscription and listing on kospi. the price drop after trade halt life does no good to their subscription over the other side. if retail players can force the price down, they will have no choice but to keep it up until actual trading starts on kospi.
my advice, dun anyhow panic sell into BB's strength. sell only when the price has been stablized again above 40cents.
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must wait how long master? nt all ppl can wait very long u knw.... hehee
steady and wait for the good news.
saw the heavy sell down yesterday afternoon, already knew some news might be leaked. today confirmed my theory coz its halted.
here are my thoughts. these are only some possible explanations for myself:
1. BBs already started to short this counter before closing yesterday, that is, sell off their contra + short. that explains the big sell downs from .465 all the way down to 435.
2. BBs covered some of their shorts back before closing, so you won't panic, thinking its just profit taking.
3. BBs are waiting for your panic selling after trading halt lift + force contra sell. baseline will be formed at 40cents above.
4. eventually the price might go back to 43-45 cents range, if the premium offer in korea is 40-41cents, counting in the 10% discount GX has to give to korean side.
will the price fall below 40cents? i dun believe it. if korea investors find out they can buy cheaper in SGX, why would they still subscribe in korea? and also that 17M X deals in range of 43.5-45 cents happened the day before yesterday will become obsolete. Korean vestors have already done their study and made their move.
as GX has been preparing for so long for dual listing, they are aiming for only a successful subscription and listing on kospi. the price drop after trade halt life does no good to their subscription over the other side. if retail players can force the price down, they will have no choice but to keep it up until actual trading starts on kospi.
my advice, dun anyhow panic sell into BB's strength. sell only when the price has been stablized again above 40cents.
Hi gold and all, sori for late reponse (anyway trade halted today). Would like to share my thot.
All is not lost, nothing can be un-done. If vested stay alert then.
This isn't good sign or bad sign, as mkt will continue to punt when CGX halted is release is announce, just have to wait it out if pay up liao, if not bearing increasing risk factor and level of comfort one is comfortable with the stress level, don lost over sleep.
As the Korean side may also want to have some meat left to punt as well. How high they punt ? - I'm bluff too.
One step at a time, critical time to let go, when it time, esp 1st morning when share is hype up on punting mkt.
Today 12-01-2011 (Wed - CGX halted), 13-01-2011 (Thurs) Watch SGX morning news, stay alert on weather CGX will be release for trading or not ??. my thot indicate - only after trading hours on 13-01-2011 (Thurs)
teeth53 ( Date: 12-Jan-2011 08:49) Posted:
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All done, cannot be undone.
Sign has pointed to relentless punting from about 20c-22c up to most recently, 0.47c yesterday and settled at 0.445c, after hitting recent low of 0.415c, fixing and determining offer for KOSPI listing prices may settle at a premium, refeing to 7000 kxw.
goldenpiggy ( Date: 12-Jan-2011 08:39) Posted:
| Is this a good sign or?? Anyone can advise how long the tradng halt will be for as well? Thanks |
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If opening 30min px dont fall too much below 410 i think still had chance it will stay around 430+. If all rush to panic sell off, wont be surpise someone load up all and cause u to bang wall if px really shoot up again. But if GX management all go to sleep and let px drop too much! I also will anyhow sell liao, maybe even short down as all like to anyhow sell off, better trend if really sell down. But think of last closing px someone push up again make me think someone wont like px to go down too much before their 1st krx trading day. I think now Krx investor will be watching our sgx px closely till T day. If GX px in sgx drop like shit before their IPO closing and T day, it like telling them pls dont buy GX share! it will drop like shit!!! U buy u die!!! And u buy more exp than us now, ha ha ha. Then it will had a race see which side sgx or krx is more lower after T day. And Gaosai can go fly kite liao. Those can hold better to hold and see how first, those cannot tahan brain cause serious pain and panic may cut lose below 410+/-. I wish px better shoot up or maintian, it will benefit everyone. Amen
warrenbegger ( Date: 12-Jan-2011 12:05) Posted:
| Another way of thought. If sgx prices keep going up, krx investor will be even more intrested than us and maybe rocket up on 1st day of their trading. If we r krx and this CGX IPO at sgx, we also will check if we buying a overprice or underprice stock, who dont want a bargain? But if CGX management didnt control the price well to protect investor in sgx and cause a drop below 40c, i wonder how krx investor will react to this? I also wonder last closing price 445 was CGX pushing up trying to control at a better IPO range, so the higher the price go up, the more successfull krx side will be. Who know? siao krx side price 1 day shot up higher than us? Warning!!! Dont follow me!!! Just my thought, i die i happy cause my many other counter is at profit and i can afford to lose this one, play within your limit. :) |
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I'm not saying u r wrong... just dat i feel.. if open lower after halt.. its more likely due to kdr pricing no good... or the BB at work again...
as i still feel.. contra force sell from retailers.. are too insignificant.. unless all retailers are like our Warren Buffet twin bro.. warrenbeggar..
haha... just hope everyone huart... cheers..
medivh ( Date: 12-Jan-2011 17:28) Posted:
Then lets hope I am wrong and that it will SOAR at the opening px when halt is lifted.. maybe some uncle will say "GOU Ka" (hokkien) ...
noobnoob ( Date: 12-Jan-2011 17:20) Posted:
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Wat u said is true to certain extend... but y must the price drop? Contra force sell? Onli yesterday volume was high... past few days volume maybe 30-50 mil... with many married deals... BB confirm wont kana force sell....
Retailers make up so small percentage!! If confirm open low... i would tink BB wan to acc more @ lower price.... less likely its due to contra force sell... |
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I am signing off already..Please look at the monitor closely when halt is lifted... and also look out for the annoucement pending..enuf said.
Then lets hope I am wrong and that it will SOAR at the opening px when halt is lifted..
maybe some uncle will say "GOU Ka" (hokkien) ...
noobnoob ( Date: 12-Jan-2011 17:20) Posted:
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Wat u said is true to certain extend... but y must the price drop? Contra force sell? Onli yesterday volume was high... past few days volume maybe 30-50 mil... with many married deals... BB confirm wont kana force sell....
Retailers make up so small percentage!! If confirm open low... i would tink BB wan to acc more @ lower price.... less likely its due to contra force sell...
medivh ( Date: 12-Jan-2011 17:02) Posted:
i recommend some serious reading for you .. its good and informative.. if you come into the forum without clear knowledge.. you can be misled easily.. *FORCE sell > people who have no cash to buy up their shares, after T+5 (am i correct for all brokerage firms??) , their shares will be sold at the lowest bid.. LOAD up before you are left out. The last time GX annouce its dual listing ..prior to that halt for at least 2 days.
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the drop is because of the force sell?
medivh ( Date: 12-Jan-2011 17:20) Posted:
Yes in June 2010. ^.^ GX is known to comply with SGX ruling .. everytime before annoucement made sure halt.. at least 1 or 2 days.. they also halt when they wanted to make annoucement about KDRs and stuff. This halt no one has a say.. Once lifted px sure drop... *SCENARIO 1 (HALT < 2 days) : Share px drop little *SCENARIO 2 (HALT < 5 days): Share px drop like LS.
rotijai ( Date: 12-Jan-2011 17:09) Posted:
| u mean before cgx annouced the dual listing last year, it was halted |
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Wat u said is true to certain extend... but y must the price drop? Contra force sell? Onli yesterday volume was high... past few days volume maybe 30-50 mil... with many married deals... BB confirm wont kana force sell....
Retailers make up so small percentage!! If confirm open low... i would tink BB wan to acc more @ lower price.... less likely its due to contra force sell...
medivh ( Date: 12-Jan-2011 17:02) Posted:
i recommend some serious reading for you .. its good and informative.. if you come into the forum without clear knowledge.. you can be misled easily.. *FORCE sell > people who have no cash to buy up their shares, after T+5 (am i correct for all brokerage firms??) , their shares will be sold at the lowest bid.. LOAD up before you are left out. The last time GX annouce its dual listing ..prior to that halt for at least 2 days.
goldenpiggy ( Date: 12-Jan-2011 16:52) Posted:
| exactly... wonder why everyone thinks the price will drop once it re-starts trading.. is there no hope that it will stay or go up |
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Yes in June 2010.
^.^
GX is known to comply with SGX ruling .. everytime before annoucement made sure halt.. at least 1 or 2 days.. they also halt when they wanted to make annoucement about KDRs and stuff.
This halt no one has a say.. Once lifted px sure drop...
*SCENARIO 1 (HALT < 2 days) : Share px drop little
*SCENARIO 2 (HALT < 5 days): Share px drop like LS.
rotijai ( Date: 12-Jan-2011 17:09) Posted:
u mean before cgx annouced the dual listing last year, it was halted ?
medivh ( Date: 12-Jan-2011 17:02) Posted:
i recommend some serious reading for you .. its good and informative.. if you come into the forum without clear knowledge.. you can be misled easily.. *FORCE sell > people who have no cash to buy up their shares, after T+5 (am i correct for all brokerage firms??) , their shares will be sold at the lowest bid.. LOAD up before you are left out. The last time GX annouce its dual listing ..prior to that halt for at least 2 days.
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u mean before cgx annouced the dual listing last year, it was halted ?
medivh ( Date: 12-Jan-2011 17:02) Posted:
i recommend some serious reading for you .. its good and informative.. if you come into the forum without clear knowledge.. you can be misled easily.. *FORCE sell > people who have no cash to buy up their shares, after T+5 (am i correct for all brokerage firms??) , their shares will be sold at the lowest bid.. LOAD up before you are left out. The last time GX annouce its dual listing ..prior to that halt for at least 2 days.
goldenpiggy ( Date: 12-Jan-2011 16:52) Posted:
| exactly... wonder why everyone thinks the price will drop once it re-starts trading.. is there no hope that it will stay or go up |
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meaning when u don't have the $ to buy up the shares u 'bought'... and they will sell ur stocks at the lowest price when they wanna sell
goldenpiggy ( Date: 12-Jan-2011 16:51) Posted:
| what is the meaning of force sell? |
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