Biosensors   

Is Biosensors a good buy?

shorted shares are bought back on the same day by SGX? Got T+4 mei?

 

Broker house will buy back 7 days later i think so. if price go up, jia leh

 

Then no choice, this person cannot cover back on the same day. The shorted shares will be bought back at a price determined by SGX on T + 4.

 

that's why do shorting thru cfd

 

I am just wondering what happen if someone shorted and the counter Halt for announce and stop trading for the day. What will happen to this fellow when he has to cover the short position the very day? Anyone advise?

 

hummm..what will be their reply...??

 

Bios queried regarding trading activity. lets hope their answer is a good one

 

9 November 2007

Mr. Chua Kee Lock
President
Biosensors Int?l Group Limited
M & C Services Private Limited
138 Robinson Road #17-00
The Corporate Office
Singapore 068906

Dear Sir,

QUERY REGARDING TRADING ACTIVITY

We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair and orderly market, please answer each of the following:

Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.

Question 2: Are you aware of any other possible explanation for the trading?

Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.

We have released this letter via SGXNET.

Yours faithfully



Elsie Chua
Vice President
Head, Market Surveillance
Risk Management & Regulation

Notes:
1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer?s securities, or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703).
2. An issuer must undertake a review to determine the causes of any unusual trading activity (paragraph 20 of Appendix 7.1).
3. An announcement should, among other things, state whether the issuer or any of its directors are aware of the reasons for the unusual trading activity and whether there is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1).
4. Your responsibility under listing rules is not confined to, or necessarily satisfied by, answering the questions in this letter.

 

71780, i pay a few k school fees on his lecture. But nevertheless, this is a free forum. Everyone is responsible for his own action. Believe in his theory, then just use it, if it doesn't works, then its just ur own judgement that cause it don't work. haha, karma. cheers.

 

BIOSENSORS INT'L GROUP, LTD.
QUERY REGARDING TRADING ACTIVITY

 

Im always ready for a HALT anytime. 71780 you made so many rounds of shorting already one round missed today is no problem lah. How about you unwind the short position now and join us as a long term holder of BIG? High chance of multi-bagger investment in 2010 if BIG achieves global DES market share of 10%. Also, the takeover jackpot wild card may happen anytime after CE announcement. BIG will be a real winner eventually

 

71780 veteran has been veteran in shorting Bio and he has share his success story. This time round he buy 250 lots at .80 and .83 and sell at .96 and he used the profit to short this counter since last week and until this morning his poistion is till open. what happen now? probably he is wondering to hold his short posistion or to buy back at a loss!

 

should not have gone to lunch with boss..... miss the run...  but have a nice surprise after lunch..... tonite going drink some DRY beer.... after work... Mr JackJames...I will send the bill to u later...

some good volume there.... hope not too make nake butt around..... maybe what we need now is a Halt.....what do u say BengSTAR

 

 

laughing all the way to the bank

 

Hey, what happened to 787180?

 

Personally, I think CE is just a matter of time. But it may be annouced during the result announcement. Probably later. I guess the price is being manipulated, just like the last time when it climb to 0.995 and revert back to 0.96 on closing.

For those shortist who kena short-circuited, too bad....

For those who believes in Biosensors and still holding on....good luck!!!

Only time will tell who is the ultimate winner!!!

 

The way it goes, the BBs are eating up the shares... U can see that the seller vol is relative small (which is mainly from the retail investors). They must have been frightened durng this period of volatility and start capitalising it.    

 

Two scenario here:

1. Insider buying. News leaked out on CE confirmation. Should announce CE very very soon.  OR,

 2. BB buying to support the share price as they want to push up BIG to all time high after CE announcement.

 

It is definite that something that BBs know that we do not.   

 

Crazy horse? Good lah a lot of us are still riding high on it. Too bad you didn't get up on it while it was sleeping. Many of us did.