Blumont

Originally Posted by xfactor View Post
Hoosier/erebos

I believe that the second wave will kill punters who rushed in Tuesday and Wednesday when the stocks ie the infamous 3 rebounded. More joined in on Thursday morning, the second wave of the Tsumani hits the crowd busy picking what they consider as Gold and Diamonds. Friday was a debacle and the syndicates unloaded more and stocks really plunged

I expect more blood on the streets on Monday when those early birds who bought and Monday will take whatever profits available

The effect will be felt by the secondary, innocents or otherwise all new resources stocks like Mirech Energy, Rex, Magnus, IPCO, Ramba Innopac( a member of the infamous
3
Those who bought on Tue 8 Oct can start selling on Mon 14 Oct..and for Bluemon the rights shares coming back soon ..more downward pressure..

Be careful if the loans pledged by designated stocks were used to buy more such designated stocks previously..then the domino effect difficult for the 3 stocks to rise..u notice those who rush in to biuy in the morning by afternoon or 10a.m the stocks start to fall..effect of forced selling by the banks


RED FLAG:

Forced sales by bank on Thurs 10 Oct:

1) Former Executive Chairman Neo Kim Hock sold 2.922m shares @20c for $586,416

2) Present CEO James Hong Gee Ho sold 1.5m shares @19.82c for $297,300




edwinjup ( Date: 12-Oct-2013 08:19) Posted:

Thanks..hope sgx can actions faster....if sgx suspend this three counters...sgx ceo better provide a super good reasons or else pls resign

akchua ( Date: 12-Oct-2013 08:08) Posted:

Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.

How to rise but not the Blumont Way:
How to rise 800% without material information:




The global success of “Gangnam Style,” the 18th K-pop single by the South Korean rapper PSY in 2012, was an exogenous shock to international investor enthusiasm about DI Corp., because the company’s chairman and CEO is PSY’s father. The stock price of the semiconductor equipment company jumped by almost 800% in three months without material information.

turnkeyanalyst.com/2013/10/09/investing-gangnam-style/

sanbecky wrote:
Anyone buying?
..Once in a lifetime..be prepared to lose but better than casino,,recalled how Citibank crashed to $5 and recovered to >$40..but of course Citibank is "world-class"Then we compared with a lousy stock..Jade..owned by Dr Soh..after being lifted from designated stock..it soared..should move up as demand is being artifically curbed