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.
 
at

22 comments:

  1. horseJune 22, 2013 at 12:48:00 PM GMT+8

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

    ReplyDelete
  2. DavidJune 22, 2013 at 3:52:00 PM GMT+8

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

    ReplyDelete
  3. horseJune 22, 2013 at 4:32:00 PM GMT+8

    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.

    ReplyDelete
  4. cheehengJune 24, 2013 at 7:57:00 AM GMT+8

    horse

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

    ReplyDelete
  5. TengJune 24, 2013 at 2:33:00 PM GMT+8

    Hng

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

    ReplyDelete
  6. TengJune 24, 2013 at 3:02:00 PM GMT+8

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

    ReplyDelete
  7. AnonymousJune 24, 2013 at 3:56:00 PM GMT+8

    Teng

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

    ReplyDelete
  8. TengJune 24, 2013 at 4:14:00 PM GMT+8

    Hng

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

    ReplyDelete
  9. AnonymousJune 24, 2013 at 4:18:00 PM GMT+8

    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

    ReplyDelete
  10. horseJune 24, 2013 at 9:49:00 PM GMT+8

    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 ?

    ReplyDelete
  11. AnonymousJune 24, 2013 at 10:12:00 PM GMT+8

    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.

    ReplyDelete
  12. TengJune 25, 2013 at 2:47:00 AM GMT+8

    Horse

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

    ReplyDelete
  13. AnonymousJune 25, 2013 at 9:12:00 AM GMT+8

    Time to rebound, bought more Puncak at 1.79

    ReplyDelete
  14. AnonymousJune 25, 2013 at 9:15:00 AM GMT+8

    Bought more UOAdev at 2.19

    ReplyDelete
  15. AnonymousJune 25, 2013 at 9:17:00 AM GMT+8

    Puncak, UOAdev lets rebounding....

    ReplyDelete
  16. AnonymousJune 25, 2013 at 11:02:00 AM GMT+8

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

    ReplyDelete
  17. AnonymousJune 25, 2013 at 12:26:00 PM GMT+8

    Bought again UOAdev at 2.16

    ReplyDelete
  18. TengJune 25, 2013 at 1:23:00 PM GMT+8

    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

    ReplyDelete
  19. AnonymousJune 25, 2013 at 2:41:00 PM GMT+8

    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.

    ReplyDelete
  20. AnonymousJune 25, 2013 at 2:48:00 PM GMT+8

    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.

    ReplyDelete
  21. TengJune 25, 2013 at 4:10:00 PM GMT+8

    Hng

    Thanks for the update

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

    ReplyDelete
  22. cheehengJune 27, 2013 at 4:45:00 PM GMT+8

    Puncak oh Puncak ,here I COME !

    ReplyDelete