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Coorect me if I'm wrong: I wanted to short this "bar-ger" (which I notice is a term commonly used her) - because say I:
- short this bar-ger at 0.33 today with 20,000
deal concluded , price shoots up to $1 per 20,000 shares on Monday (or after suspended).
Big big loss = (1-0.33) x 20, 000 = $$$ 13,400.00...I think my eyeballs would drop. No angbaos to give for 5 years liao.
Is this a possible scenario?
thanks for the news update.
Like this, it will profit taking tomorrow. Usually company always decline to comment, but a few days later the share will be halt for trading for the news announcement, who know?
Trade cautiously, follow the volume and price move.
updated story.
Jan. 8 (Bloomberg) – Chartered Semiconductor Manufacturing Ltd., the world’s third-largest made-to-order chipmaker, surged the most in nine years in
Singapore trading on speculation it may be a takeover target.
Chartered jumped 9 cents, or 43 percent, to close at 30 Singapore cents, the biggest advance since November, 1999 and boosting its market value to S$763
million ($514 million). More than 89.8 million shares changed hands, the most active on the FTSE
Straits Times All Share Index, which fell 2.3 percent.
“It’s the old takeover rumors at play,” said Tan Ai Teng, an analyst at DBS Group Holdings Ltd. in Singapore, who rates Chartered “hold.” “Operationally,
nothing has changed for Chartered. Visibility for the company and industry is still very, very
poor.”
The jump in the share price and trading volume prompted the Singapore exchange to query the company. Chartered declined to comment on “market
speculation” and isn’t aware of a reason for the share surge, Singapore-based spokeswoman Celestine Lim said
by telephone today.
Temasek Holdings Ltd., Singapore’s state-owned investment fund, which owns 59 percent of Chartered, said in an e-mailed statement that it was “inappropriate”
to comment on speculation.
–Editors: Alan Soughley, James Unwin
To contact the reporter on this story: Andrea Tan in Singapore at +65-6212-1325 or atan17@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at +82-2-3702-1639 or ycho2@bloomberg.net.
-0- Jan/08/2009 09:30 GMT 01-08-09 0430EST
jackjames ( Date: 08-Jan-2009 17:27) Posted:
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wow... so fast, the Big Boy take action already? ha ha.. not a surprise that it would be a takeover target..
wonder who is still holding at 0.18 .... ha ha... so, don't underestimate this salt fish, ha ha.. almost 10 cents jump from 20 cents today, that's like 50% in one day, beautiful lei..
ticklish8 ( Date: 08-Jan-2009 16:11) Posted:
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trading on speculation it may be a takeover target.
Chartered rose 4 cents, or 19 percent, to 25 Singapore cents, as of 11:25 a.m., its highest level since Nov. 5. It was the biggest gainer on the FTSE Straits Times
All Share Index, which fell 1.8 percent.
“It’s the old takeover rumors at play,” said Tan Ai Teng, an analyst at DBS Group Holdings Ltd. in Singapore who rates Chartered “hold.”
“Operationally, nothing has changed for Chartered. Visibility for the company and industry is still very, very poor.”
Chartered declined to comment on “market speculation” and isn’t aware of a reason for its share surge, Singapore-based spokeswoman Celestine Lim said.
–Editors: Alan Soughley, James Unwin
To contact the reporter on this story: Andrea Tan in Singapore at +65-6212-1325 or atan17@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at +82-2-3702-1639 or ycho2@bloomberg.net.
-0- Jan/08/2009 04:08 GMT 01-07-09 2308EST
AK_Francis ( Date: 08-Jan-2009 12:02) Posted:
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1H08 pre-tax -2.5m n 3qtr -16m.
Despite 30.6% renenue rise 3qtr profit plunged 77.6% on lower selling prices, higher cost per wafer resulting fr a richer mix in pdtn levels n increased operating expenses. Though retrenchment could reduce opt expenses, but future biz remain gloomy, as global recession intensify.
Its last FY mtg was 1 Feb 08. It will like announce its report card ds mth.
If u believe its just a bear trap, then no worry liao.
mmchiu ( Date: 08-Jan-2009 10:30) Posted:
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i didn't mean buying this Chartered stock, sorry for misunderstanding..
i mean, buying any good stocks now can cover his chartered losses.
Livermore ( Date: 22-Dec-2008 08:58) Posted:
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jackjames ( Date: 22-Dec-2008 08:45) Posted:
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tchekchuan ( Date: 22-Dec-2008 00:35) Posted:
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Dont really know the exact date but around that year if i remember correctly.. (the blow is too big until i live in denial that i never bought the share)haha... but surely more than 10 yrs.
It is a pain to start all over again, ... i sold my car & wipe out all my hard earned savings during that year to settle my debts.
i washed my hands on stocks and share in the golden bowl, until recently where i think i ought to make a comeback. Ha...
AK_Francis ( Date: 21-Dec-2008 18:25) Posted:
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It traded at 1.03 when STI was 3820 on 9 Oct 07. Then yr high was 1.62 n low at 99cts.
It traded at 1.09 when STI was 3706 on 28 Sep 07. Then yr high was 1.12 n low at 1.05.
5.30 could be in 1993 when Clob n STI mad raced. Or there was split share.
My sympathies to you. You must have been holding on to this counter for some time. Some years even?
I can't remember when Chartered was $5.30.
tchekchuan ( Date: 20-Dec-2008 18:13) Posted:
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D deficit is quite substantial. Look like u are the fan of investors believing " Down hold, up Sell". Under current market sentiment, d trick is more or less obsolete liao. But nonetheless, ds is not end of the world, if u can wait, if now u are still not that old. As our top brass claimed that seeing profit 5-30 yrs later still ok ones.
Hence, relax n jangan tension loh. Cheers.
tchekchuan ( Date: 20-Dec-2008 18:13) Posted:
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This is my savings and insurance premium. It is a pain to sell them off, so decided to keep, but who knows this bugger never buck up. Nothing to be proud off.. But to share with u my experience.
tanglinboy ( Date: 20-Dec-2008 15:16) Posted:
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Wow... you are very rich...
24 lots at 5.30 = S$127,200
tchekchuan ( Date: 19-Dec-2008 16:19) Posted:
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rabbitfoot ( Date: 19-Dec-2008 20:17) Posted:
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