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What?s Happened to Blumont, Asiasons and LionGold

So far, from some of the forums I visited, people are generally  talking  " be careful of dumping of the  3 counters.Just remember all cks..will be out hunting and dont end up becoming their prey.Only at SJ,I noticed some forumners are so gungho, dunno their intention is good or bad.LOL.

Gd luck.

 

Sias give.tp. $1.34 for liongold.last year...seems too high now...downgrade it ok....as.liingold.may needs more time to rebuild

vincente      ( Date: 20-Oct-2013 21:31) Posted: I checked with my Sifu and was told to avoid the 3 counters  as he heard brokering houses are downgrading  the 3 counters to sell or U/P. Remember how the CLOB shares were traded during the hey days with many Datuks taking cross investments propping the shares px like what they are doing now. With the 3 infamous stocks, the risk factor for pennies rose alot as many players got burnt and selling pennies they picked up to pay contra losses. Brokers are not running charities...they will definitely protect their own interests, their own asses first. Cheap stocks can become cheaper. Just my 2 cents

 

I checked with my Sifu and was told to avoid the 3 counters  as he heard brokering houses are downgrading  the 3 counters to sell or U/P. Remember how the CLOB shares were traded during the hey days with many Datuks taking cross investments propping the shares px like what they are doing now. With the 3 infamous stocks, the risk factor for pennies rose alot as many players got burnt and selling pennies they picked up to pay contra losses. Brokers are not running charities...they will definitely protect their own interests, their own asses first.
Cheap stocks can become cheaper.

Just my 2 cents

 

 

Just guessing..at the end of next week...blumont 30cents due to right issues.effects....asiason...38cents...due to.liongold....liongold 46cents.as.ceo came out to support as he is a newspaper.darling..always reported good news for him...

Maller      ( Date: 20-Oct-2013 19:14) Posted: Don't sell cheap for the short sellers before the stock become designated. Big gap up!! My personal tp for Asiasons is 42cents, Blumont 38 cents and lionGold 46 cents for next week. Am I dreaming :) ???

 

I thot Chasen dropped so much bec there was fear last week, correct me if I am wrong? So when the 3 stocks reovered, Chasen should recover also?  BTW, Chasen has done share purchase after the big drop in price...

 

The three counters is kanna "locked" by sgx...all.types bad rumours like suspend..cad..or sososo...now sgx "unlocked" it...all actives buyers will rush in to pick up some bargins..stock really oversold...so different from.chasen case...

Maller      ( Date: 20-Oct-2013 20:15) Posted: Will stock like Chasen surge also? I think last week it was down more than 50+%. If the 3 stocks surge too high, can buy Chasen?

 

Will stock like Chasen surge also? I think last week it was down more than 50+%. If the 3 stocks surge too high, can buy Chasen?

 

All broking houses still adopting designated status to these 3 stock.

So do not buy if surge too high at opening, there will be limited support to thrust forward.

 

maybe they covered liao

 

No dreaming....

Maller      ( Date: 20-Oct-2013 19:14) Posted: Don't sell cheap for the short sellers before the stock become designated. Big gap up!! My personal tp for Asiasons is 42cents, Blumont 38 cents and lionGold 46 cents for next week. Am I dreaming :) ???

 

Don't sell cheap for the short sellers before the stock become designated. Big gap up!! My personal tp for Asiasons is 42cents, Blumont 38 cents and lionGold 46 cents for next week. Am I dreaming :) ???

 

no matter what...trade with care. pre-open matching bbs can make gap up to trap pre-open retail buyers. therefore fast trade is advisable. fast in fast out regardless of profits or losses. anyway, your $$$ you decide. and also vice versus.

 

Strongly supported the measures implemented  by the broken firm,  SGX and  MAS should conduct thorough investigation and let small investors  know who and how someone is  manipulating the prices. 

FearValueGreed      ( Date: 20-Oct-2013 15:38) Posted: ?Announcement: SGX Ends Designation of Asiasons, Blumont and LionGold ?FAQ on ending of designation     Following the lifting of trading restrictions on the three counters, normal trading via your trading representatives will resume with effect from 21 October 2013. For Online Trading, Lim & Tan Securities (LTS) has put in place the following restrictions for trading of the three counters. Restriction for Online Trading:- Limit of $20,000 (buy) and $50,000 (sell) per counter.

 

?Announcement: SGX Ends Designation of Asiasons, Blumont and LionGold ?FAQ on ending of designation

 

 

Following the lifting of trading restrictions on the three counters, normal trading via your trading representatives will resume with effect from 21 October 2013. For Online Trading, Lim & Tan Securities (LTS) has put in place the following restrictions for trading of the three counters. Restriction for Online Trading:- Limit of $20,000 (buy) and $50,000 (sell) per counter.

 

This morning..my uncle asked my dad to invest in all three counters when open tomorrow..say he will invest at least fifty lots each tomorrow..he say he will keep until fifty cents...when he met my dad at coffee shop ....seems lots people.very keen..demand is stronger than.supply

 

How about the major shareholders/directors of these 3 companies?  They should have  better control over the prices instead of others.       

edwinjup      ( Date: 20-Oct-2013 13:33) Posted: So far wat I gather from the star or the edge msia...the trigger of selldown mainly due to a us investment bank on liongold and blumont..they not only dispose their holding..they short futher...local investors panics and sell down further....with sgx actions...the price dead as it become restricted...rumours like cad..mas... start to circular....I think the true is the counter is over value and american seize the opportunity to show hand..like olam and cmz..well planned..... teeth53      ( Date: 20-Oct-2013 13:24) Posted: No manipulation n after SGX investigation..????. Will SGX release any of their findings coming Monday morning???. The 3 designated stocks will be de-regulated (free for all to shoot or speculate) on Coming Monday Oct 21. It would surely allow players to decide better knowingly what SGX can share those info  with the public.

 

Checking the record of those Stock Scandal manipulated by Malaysian Player in KLSE, most of retail players are loser. Be caution. It is like grambling

 

I will put my bet on asiasons.

Will not buy above 20cents.

Battle of shortist and traders
Round 1 : traders will win for early part of week.

For lion gold if u compare with indoagri based on resources sector, it is on par from FA At current proce.


Asiasons is more honest on all front now, with less shady trade behind. If their recent lost deal can be reinstated, valuation shd be above 20cents.


Everyone take a seat, roll the dice, lady.

Watch yr own back.

 

Hmm, just to clarify, when I say anything above $1, I am just making a casual comparison relative to their once lofty share prices.

lglg666      ( Date: 20-Oct-2013 11:56) Posted: Yes....it's a very fair and good observation. Most likely to gap up too but do trade carefully since we have seen what they can do and hurt ppl who are too greedy or carelessly. These counters are not stable and if at the wrong end then it's back to sq one. Pocket kosong again. SFGuyRuleZ      ( Date: 20-Oct-2013 02:33) Posted: Let's be fair. Just checked on Blumont and Asiasons and they indeed have very good and strong fundamentals. However their earnings definitely do not justify their once lofty share price, not forgetting also the fact that a high percentage of their profits are not in the form of cold hard cash. Having said, if investors still have the trust and can see in them the " gem" of the capability to produce greater growth and profits / earnings in the future to come, the prices now are definitely undervalued. However, in my own opinion and based on my own FA, anything above $1 is definitely too good to be true, at least for the next few years.. Not vested..

 

Just be 200% careful when trading these 3 stocks. Game is not over yet.

edwinjup      ( Date: 20-Oct-2013 13:39) Posted: The investment bank invest on blumont and liongold last year when price low...and lock in profit when price high and short.also....as sgx allow shorties...as price wont go back the glory time..they can slowly cover back their short position...