SoundGlobal   

Sound Global Ltd (formerly: Epure)

The massive sell off seems to stop the next day after the convertible bond announcement as the following drops were on low volume. This could mean that the massive sell off is because of the delta hedging. Then it is risky to bet that it could fall under 70c as there may not have a strong selling force below the level. Just my view.

 

wah kor! merely submitting a form A1 only need to report in SGX? ayo.... :P i think worth cont'd shorting till <70cts level! SHORTISTS can do it! cheers! :P hee....

joshlai86      ( Date: 25-Aug-2010 23:51) Posted: The board of directors (the " http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_08EDEAF524B4B36F4825778A00342CE4/$file/AnnouncementonIntro25Aug10.pdf?openelementBoard") of Sound Global Ltd. (the "Company") wishes to announce that, in connection with the Proposed HK Listing (as defined below), the Company has today submitted an application form A1 to The Stock Exchange of Hong Kong Limited (the "SEHK") for the listing of, and permission to deal in, all the Shares on the SEHK, by way of introduction.

 

The board of directors (the "

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_08EDEAF524B4B36F4825778A00342CE4/$file/AnnouncementonIntro25Aug10.pdf?openelementBoard") of Sound Global Ltd. (the "Company") wishes to announce that, in connection with the Proposed HK Listing (as defined below), the Company has today submitted an application form A1 to The Stock Exchange of Hong Kong Limited (the "SEHK") for the listing of, and permission to deal in, all the Shares on the SEHK, by way of introduction.

 

Is holding up at 73.5 - 74 cents. Waiting for direction. Hopefully it will go upwards!

 

Done some reading on convertible bonds. There is something call delta hedging, meaning people short share and long convertible bonds to reduce risk and enjoy share upside. This should cause massive selling like we saw, but the selling should not touch the floor price because delta hedging will become meaningless. I hope this is the reason, so massive sell will stop at 70c.

freeme      ( Date: 20-Aug-2010 10:13) Posted: Usually this is the normall reaction when coy issuing convertiable bonds. Bec of possible dilution when exercise. But I assume this is inline with the agreement to take up the large project announced earlier week. As long it dun break 70cts.. it will be okie..

 

Fear with this counter??? No, given the recent new deal, dual listing and bullish outlook in water treatment in china. Me but just wish to take the advantange of panic from others to find the best entry.

 

No cause for fear actually with the convertible bonds.. If u believe in this counter, ignore wat ppl say and keep vesting.. Reaping the fruits of your labor requires much patience..

 

I just noticed that the conversion price for the bonds has a floor price $0.694. That should vanish the impact of dilution at 0.70. Maybe that's why it had a strong support at just above 70c today.

 

when it fall to 71cts range, im just looking for some quick money and go in.. and when earn i just take.. dun want to hold a position that i dun intend to hold for long over the wkend..

 

keepinvest      ( Date: 20-Aug-2010 16:55) Posted: You spent so much time monitoring this counter and then you paid a risk to buy. I can't believe that you can let go so easily like that with only $200+ I noticed and now hold this counter because of your discussion. Hope u're back soon. freeme      ( Date: 20-Aug-2010 16:01) Posted: contra out.. keep $200+ for buffet at tml lunch..

 

1. SoundGlobal has a strong support level at $0.71, but also a downtrend resistance of $0.79.

2. It's MACD lines are flat. No idea where it's heading in the near future.

3. Stochastic was heading up, but now there is sign of slowing down and possible reversal. Whether it's heading up or down, still don't know.

4. Although there is huge transaction today, but there is a sudden dip in OBV, showing sudden fall in supporter.

5. Just announced a proposal to issue RMB 885m Bond. Not really a good thing.

Too much mixed signals and uncertainty.

Blastoff      ( Date: 20-Aug-2010 16:58) Posted: Care to share why you wouldn't buy? alexchia01      ( Date: 20-Aug-2010 16:56) Posted: SoundGlobal is very interesting today. Huge Buy volume in the afternoon really got my attention. But after looking at the chart I wouldn't dare to Buy. It could be a good buy, but I just can't find a good reason to go in now. Anyway, good luck to people who have vested.

 

I thought today's drop is due to a fundamental reason, would chart reading appropriate?

alexchia01      ( Date: 20-Aug-2010 16:56) Posted: SoundGlobal is very interesting today. Huge Buy volume in the afternoon really got my attention. But after looking at the chart I wouldn't dare to Buy. It could be a good buy, but I just can't find a good reason to go in now. Anyway, good luck to people who have vested.

 

Care to share why you wouldn't buy?

alexchia01      ( Date: 20-Aug-2010 16:56) Posted: SoundGlobal is very interesting today. Huge Buy volume in the afternoon really got my attention. But after looking at the chart I wouldn't dare to Buy. It could be a good buy, but I just can't find a good reason to go in now. Anyway, good luck to people who have vested.

 

SoundGlobal is very interesting today.

Huge Buy volume in the afternoon really got my attention.

But after looking at the chart I wouldn't dare to Buy.

It could be a good buy, but I just can't find a good reason to go in now.

Anyway, good luck to people who have vested.

 

You spent so much time monitoring this counter and then you paid a risk to buy. I can't believe that you can let go so easily like that with only $200+

I noticed and now hold this counter because of your discussion. Hope u're back soon.

freeme      ( Date: 20-Aug-2010 16:01) Posted: contra out.. keep $200+ for buffet at tml lunch..

 

U can never know when the next big fish will come. Important thing here is that you already have quite a good one now. So long as u have the skill, u will have good catch every now and then.

So just enjoy your (expensive) Buffet tomorrow.

And come next week with more good catch.

Cheer!!!!!!

freeme      ( Date: 20-Aug-2010 16:14) Posted: heng heng la.. abt 2.5k.. now up even more.. haha miss out another 200bucks.. wishbone      ( Date: 20-Aug-2010 16:06) Posted: WaH!! Yr buffet for tomorrow very expensive $200+. Must hv Lobster, Abalone one right??? Anyway, u r good to catch this counter and u deserve it.  How many round have you made profit from this counter???

 

Open gap down lots, then late day breakout the open price with the huge vol. This is significant!

 

think of it this way, to entice people to take up the convert. bonds whichcan be converted into shares at 92cents, the company must be fairly confident and assuring to the market that there are concrete plans to eventually list on the HKSE so as to convince the bondholders to take up the bonds. Just my opinion, i believe we should have more news on the listing before 15sept, which is the due date for the payment of the bonds.

 

ok .. 

 

at this px contra may not be safe.. if u can hold den buy lo.. 75cts still gd buy

noonelikeme      ( Date: 20-Aug-2010 16:21) Posted: u are tempting me to conta... :P   or better for me to average it out ?  since i bought at high price   freeme      ( Date: 20-Aug-2010 16:14) Posted: heng heng la.. abt 2.5k.. now up even more.. haha miss out another 200bucks..

 

u are tempting me to conta... :P

 

or better for me to average it out ?  since i bought at high price  

freeme      ( Date: 20-Aug-2010 16:14) Posted: heng heng la.. abt 2.5k.. now up even more.. haha miss out another 200bucks.. wishbone      ( Date: 20-Aug-2010 16:06) Posted: WaH!! Yr buffet for tomorrow very expensive $200+. Must hv Lobster, Abalone one right??? Anyway, u r good to catch this counter and u deserve it.  How many round have you made profit from this counter???