Saturday, June 22, 2013

Strange Trading Day In Our Local Bourse !!!

 
TOP LOSERS
 
TOP GAINERS
 
DAY TRADES : 24/6/2013
 
 
 
1. I must admit it is a strange trading day on 21/6/2013 for KLSE. Unusually erratic in the last 5minutes pre-open/close session. Some may have benefited scooping low on those that being punished right straight to limit down and some may have questions why the selldown !? There are some being pushed up to the limit. What is the motive & reason for that last minute deed !? However Bursa denies manipulation instead those are legitimate and genuine trades. Bursa: Trades ‘valid and genuine’
I wondering those are the act of institutional ? It is just irrational burning money away for such a silly act. Why in such a hurry ? one can just opt to disperse them slowly and steadily or probably they could sense a big sell-off coming next week ??
 
2. IGBREIT - Sold all at 1.35, 1.36 & 1.38 respectively. ^^
 
3. PAVREIT - Bought them at an avearge price of RM1.5738. Closing price being bashed down to 1.52. :(
 
4. SUNREIT - Bought at an average price of RM1.5967. Closed at RM1.55. :(
 
5. Watch List :-
 
PUNCAK - Pending free warrant & water restructuring
KHSB - Revise of take over price to 80+
UOADEV - Pending 12sen dividend
MPHB - Pending 48.5sen capital repayment
 
6. Good Luck.
 

22 comments:

horse said...

Will the newbies being spooked this time round after the sharp drop for some of the counters ?

David said...

My Bjtoto cost RM4.25. Just lost 24% over the last 15 minutes. Horrible.

horse said...

David,

Not to worry much, it will be back to 4.20+ come Monday.
I believe those done at RM3.20 are pre-arranged orders not something is usual under normal circumtances.

Some may be lucky gotten their orders matched at this price. Those who got it is really money falling from the sky.

cheeheng said...

horse

Yeah, all those who managed to buy at limit down prices received "manna from heaven"

Teng said...

Hng

Any idea why UOADev drop so much today?UOA has lost >10% in last few trading days

Teng said...

Bought IGB between 2.37-2.38. Now have to look for safe heaven

hng said...

Teng

EPF selling + fund manager bashed down ahead of determination of dividend reinvest share option price

Teng said...

Hng

Any advantanges for EPF/Fund managers to push down UOA price?All shareholders will get more shares if reinvestment price is low

hng said...

Teng

If 5 day average weight market price is low, then the option price will be based on these low level + additional 10% discount for shareholder to opt for dividend reinvest option

horse said...

Updated my trades for today (Print Screen).

CheeHeng, indeed manna from heaven for those gotten limit down price.

Teng, What news on IGB ?

hng, Wednesday is AGM for PUNCAK, do u think free warrant will be announced then ?

hng said...

horse

Shareholder already approved free warrant in the last EGM on 28 May. This coming AGM only seek to approve final dividend of 5sen TE. Nevertheless, i hope Puncak can announce free warrant entitlement as soon as possible.

Teng said...

Horse

Nothing exciting in IGB. Just that I like IGB for its nett cash after listing its REITS

hng said...

Time to rebound, bought more Puncak at 1.79

hng said...

Bought more UOAdev at 2.19

hng said...

Puncak, UOAdev lets rebounding....

hng said...

Sold back today UOAdev at 2.26, Puncak at 1.84, realize intraday gain first

hng said...

Bought again UOAdev at 2.16

Teng said...

Rumors that Bank Negara may stop/curb property developers offering DIBS( developer interest bearing scheme). If true,property counters maybe hard hit

SP Setia maybe pioneer in DIBS but think now they don;t offer this anymore

hng said...

Teng

SP setia still offer DIBS( developer interest bearing scheme) to all its newly launched property, like Setia cascadia in JB. It is very common practice nowadays, even for mid cap property like KSL.

hng said...

Teng

I do agree if BNM really curb these DIBS, as it has major factor for developer to increase house selling price to absorb higher interest cost.

Teng said...

Hng

Thanks for the update

I do agree DIBS is just marketing way to sell property.羊毛出在羊身上

cheeheng said...

Puncak oh Puncak ,here I COME !

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