Post Reply
8581-8600 of 10899
i will get worry if the price keep dropping...like a sinking ship...but for now, hope the CTO will not further let go his position... see have any fat ang bao....for us...
| singaporegal Supreme |
Posted: 14-Jan-2008 22:14 |
 x 0  x 0 * Alert Admin |
Somehow, TA charts don't seem to apply to this counter. The charts don't make sense to me.... running all over the place. I will usually avoid counters that I don't understand....  Anyway, I avoided posting on this thread for sometime because the arguments were getting quite heated. I'm glad that it has been sorted out and peace has returned.  |
There are many way to trade just like there are many TA methods, if u can formed your own method which can benefir in the wrong run, then that is TA too.
look at the bullishness of this counter. I sell le than it jump up straight the next day!
| allright Member |
Posted: 14-Jan-2008 20:53 |
| x 0 x 0 |
Looks like the announcement on the sale which was first reported on the 11th of jan and the announcement today is based on the same person and the same sale transaction as the details of the quantum sold (3million) and the shares he has left are exactly the same. The only difference is the percentage change in the level. i.e on friday it was reported that it was down to 5.73 the percentage the CTO held after sale. Today it reports it is fr 5.73 to 5.54. Could it be the amendment is because of the diluted shrares? Not sure but the announcement should be clearer. |
From the announcements, the CTO disposed about 3,000 lots on 10/01/08 and another 2,000 lots on 11/01/08 via open market selling. Nothing to do with share dilution
Im not worried about insiders selling some off their shares at high price. But I will be worried when the insider continuously selling blocks of shares even when the company's share price is dropping everyday to a new low. This means that the insider knows something really bad is happening in the company and dumping their shares before they announce it.
Maybe the CTO need a huge lump sum cash and see it as an opportunity to sell some of his shares at around $1, knowing BIG's share price has always been volatile. He could be comfortable cashing out some of his holdings at around $1.
Ask yourself this question: Why do some investors sell off their shares at 84cts on 26/12/07 when BIG announced they expect CE to come in at end jan 2008? Different people have different way of looking at things and we have to respect their views. If earlier sellers at 84cts are comfortable with the 20% they make if they have bought at 70cts, why stop them or condemn their selling decision? They have their own investment strategy and criteria while the CTO has his own cash needs and views.
The CTO's shares could be given to him free for at zero cost to entice him (a very important key research personnel) to come in as a founding shareholder (or subscribed at a very cheap price). I think he is one of the founding partner of BIG and a key technical officer in BIG's stent programs. Im not in a good position to "wild guess" this guy's selling as my guess is as good as anyone's guess.
double-top, triple-top forming?? if cant break $1.00? sporegal wat do u think?
trade at your own risk.
< Anyway, I avoided posting on this thread for sometime because the arguments were getting quite heated. I'm glad that it has been sorted out and peace has returned. >
You should visit this thread often. Feel free to give us your viewpoint and technical analysis.
Much appreciated.
Somehow, TA charts don't seem to apply to this counter. The charts don't make sense to me.... running all over the place.
I will usually avoid counters that I don't understand....
Anyway, I avoided posting on this thread for sometime because the arguments were getting quite heated. I'm glad that it has been sorted out and peace has returned.
To be more accurate, he dumped it on 11/01/2007, but the announcement is made today.
| huatah Senior |
Posted: 14-Jan-2008 18:27 |
| x 0 x 0 |
Dear members, today.. John had further disposed off his shares and now he left with 5.73%. Seriously, de oni reason tat i can think of for such disposal would b "in need of $$" and "intention to resign" thus, need to clear his share.. Of course, one can still believe that CE might not b reachable end tis month, thus de disposal. Which i really dun noe at the moment. Almost all BIG's big shots will b in town tis week. Dun noe wat's de reason yet. will update asap if i got info... |
: huatah
Just a joke. Who in the right mind will short biosensors today? Maybe pension only..
| ghlau935 Senior |
Posted: 14-Jan-2008 18:13 |
| x 0 x 0 |
Just a Reminder again.... Dear friends, Please be reminded to keep the ShareJunction forum a friendly place for sharing. DO NOT -
Thank you for your cooperation. Admin |
Admin, okay i saw your message just after I posted my joke..
point noted. Will keep the posting more relevant..