Blumont

(04-10-2013, 09:05 AM)DP28 Wrote: This is a goner. Find some correlation between Asiason, Liongold, chaswood and Blumont. They are all from the same gang of players.. They probably sydnicate a few counters in a market cycle.

Will the music stops soon?

Yes very soon. Dropped ~40% in just half an hour. Lots of gamblers kenna stuck........

Should do a study on this syndicate. How much $ they have raised from the market and what is the returns in business terms, not share px returns.

Those who bought above 2.40 must be crying.

This is one of my happy days. All those Sh** stocks are finally falling. Some even more than 50%. SGX has waited too long to question those companies.

(04-10-2013, 09:45 AM)safetyfirst Wrote: This is one of my happy days. All those Sh** stocks are finally falling. Some even more than 50%. SGX has waited too long to question those companies.

I cant agree more.. Despite I do not have any exposure to such stocks. I feel the urge to write to national newspaper to question SGX intergrity and safeguard interest of investor. Why do you want to show that you can nail a big bad baddie instead of preventing the bad baddie from emerging in the first place?

What is the exact role of SGX?

Is just 2 days, last price I saw was like 2.39, now less than a dollar and kena suspension. Sorry to those who still holding, but the stock deserve a punch. Just a noob question, if I ever shorted it 2 days ago via CFD, can I close the position now as it is being suspended?

Really pity all those who got in yesterday at $2+

(04-10-2013, 10:04 AM)valuebuddies Wrote: Is just 2 days, last price I saw was like 2.39, now less than a dollar and kena suspension. Sorry to those who still holding, but the stock deserve a punch. Just a noob question, if I ever shorted it 2 days ago via CFD, can I close the position now as it is being suspended?

I think you should check with your broker. I remember some years ago at another forum somebody shorted CAO was suspended they were caught in the same situation got stuck.

blumont just made new announcement takeover and investment in a mining company

http://infopub.sgx.com/FileOpen/BGL_SGX_...eID=258593

not vested in blumont

(04-10-2013, 10:56 AM)sgd Wrote:

(04-10-2013, 10:04 AM)valuebuddies Wrote: Is just 2 days, last price I saw was like 2.39, now less than a dollar and kena suspension. Sorry to those who still holding, but the stock deserve a punch. Just a noob question, if I ever shorted it 2 days ago via CFD, can I close the position now as it is being suspended?

I think you should check with your broker. I remember some years ago at another forum somebody shorted CAO was suspended they were caught in the same situation got stuck.

blumont just made new announcement takeover and investment in a mining company

http://infopub.sgx.com/FileOpen/BGL_SGX_...eID=258593

not vested in blumont

Regarding your CFD question, if you shorted Blumont CFD and kenna suspended now, you will be stuck with it until suspension is lifted. along the way all finance charges will still be payable. Like kenna sucked blood lidat.

(04-10-2013, 10:44 AM)mulyc Wrote: Really pity all those who got in yesterday at $2+

So you should pity all those people who goes to the casino and lose money? I don't as they know when they go in with their eyes open that it is pure speculation.

(04-10-2013, 11:26 AM)Jacmar Wrote:

(04-10-2013, 10:44 AM)mulyc Wrote: Really pity all those who got in yesterday at $2+

So you should pity all those people who goes to the casino and lose money? I don't as they know when they go in with their eyes open that it is pure speculation.

Number 1 rule of speculative trading - only do intraday trades. Unless you go for long term investing.