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Hope you guys managed to get out yesterday in time.
GuavaXF30 ( Date: 29-May-2012 14:19) Posted:
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no turning back for Myanmar except marching towards open economy.
in the dawn of a new economy heavy industries is the most needed to kick start production, manufacturing, infrastructure, etc
raw materials r eye by investors, extraction need heavy equipment........so which counter to long u decide.
I believe that there is more upside to come, it seems like the ex date 4 june is perfectly timed with the influx of myanmar news- climaxing with the WEF on 1st June. (2nd 3rd) being weekends.
Gd luck to those who long yesterday on the pretext that this will go higher in the next few days..
Don't get caught ..
got out at 4.5c profit in a day. Lucky I did, markets seem to be turning.
for those want quick profit bet on Myanmar stocks, quick in quick out.....cheers
Make me think on Asiatic Grp venture into Cambodia...power built, power play and powerful trouble...it took them 4-5 years to realise, to plant their trees and to gather their fruits.
Happi Trading.
| rayyeo ( Date: 29-May-2012 17:56) Posted: |
Patience paid off handsomely for those Myanmar related stocks today.
Take the $$$ and keep first.
Totally agree with you. Can make right call that can go wrong if you don't know when to sell..... Think can run for cover now.
medivh ( Date: 29-May-2012 12:08) Posted:
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Thanks for the enlightenment.
I absolutely agree with you.
Must be able to keep the $$$ made.
I admit, I have lost $$$ too.
medivh ( Date: 29-May-2012 12:08) Posted:
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Sorry. Meant up 7.5 cents already. That's almost 20% ! When rise so fast.....
GuavaXF30 ( Date: 29-May-2012 12:20) Posted:
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Don't wait until ex-rights to cover shorts. May kenna double whammy.
Anyway, today already 7.5% up. A bit heavy. Think will see retracement before end of the day. Probably end at around 0.42 level.
sk6666 ( Date: 29-May-2012 11:36) Posted:
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Wrong,
What matters is you are able to keep the $$ you make.
You can make lotsa $$ but with poor discipline, you will lose all and have none.
What matters is you make the $$$.
This is window dressing effect
You should know what it means.
It sounds complicated, if nvr cover short b4 XR, what will happen? Thanks.
GuavaXF30 ( Date: 29-May-2012 11:30) Posted:
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If you exercise the rights offer, you will have to pay 0.24 for each rights to convert them into shares. High side is if the price of the shares are good, you see profit. Downside is is people are just trading and they take profit later, you are stuck and have to pick up rights.
It's not sure thing and there are some risk. But if you are long term investor, should not be a problem.
sk6666 ( Date: 29-May-2012 11:04) Posted:
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RIGHTS OFFER OF 4 FOR 5 @ SGD 0.24 XR on 31/5/02
What will happen after XR?