JEL

I hear some people got burnt ! Yes, burnt ! Cos they shorted JEL --- LOL. In a single day, you can lose your pants shorting this rocket which refuses to fall. No one seems to know why -- that's the problem.

This rocket is a bit shaky this afternoon. Still, I am sure it's not made in North Korea.

1.1 billion shares traded today -- incredible amount of stock changing hands, probably a few times in a day, since the free float is about 40% of 2 billion issued shares = 800 m shares. Maybank Kim Eng has a report today saying the stock appreciation  is over-done. Of course, no one was listening. The stock closed at 12.2 cents! Tomorrow, let's see ...

Dear Forummers, This type of trading is exciting and healthy for the stock market. Do you want to see a no-trading stock market? This is a buyer-beware market. The investors know that this is a speculative stock. If they come into and buy the shares and lose their pants, they cannot blame anybody. SGX should just keep quiet and let market make its own decisions.

Can you imagine how much has Sam Goi made over the past 2 weeks? 2 billion shares and a gain of 5 cents..... Whoppps!!

Sam Goi made his tens of millions in JEL. I will made my thousands in Global Premium Hotels IPO tomorrow. All the best to those who managed to get the IPO shares.