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05-09-2015, 12:10 AM
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On the 3rd Friday of March, June, September and December is what we called triple witching day where fund managers "massage" the share price of their portfolio for their quarterly presentation to their stakeholders. The details i not very sure.
On the 3rd friday of this June ie: 19th June, some counters were pushed up while some pushed down. Lian Beng was pushed up at 5.03pm, U can refer to the chart above.
So I suspect Lian Beng is held by fund manager. This 18th September is the triple witching day. Perhaps the fund manager would repeat the trick again and push the price to 57-58 cents region.
I remember Wee Hur, Courts was pushed down on the 19th June. I forgot which counters were pushed up, maybe u can ask Bro Edwin, he also saw the triple witching happened on 19th June
Cheers.. Please note that the fund manager may not repeat the same trick again, but Lian Beng is quite a safe bet and just keep for mid-long term. BUT if triple witching day Lian Beng chiong, maybe can take profit. Why not?
On the 3rd Friday of March, June, September and December is what we called triple witching day where fund managers "massage" the share price of their portfolio for their quarterly presentation to their stakeholders. The details i not very sure.
On the 3rd friday of this June ie: 19th June, some counters were pushed up while some pushed down. Lian Beng was pushed up at 5.03pm, U can refer to the chart above.
So I suspect Lian Beng is held by fund manager. This 18th September is the triple witching day. Perhaps the fund manager would repeat the trick again and push the price to 57-58 cents region.
I remember Wee Hur, Courts was pushed down on the 19th June. I forgot which counters were pushed up, maybe u can ask Bro Edwin, he also saw the triple witching happened on 19th June
Cheers.. Please note that the fund manager may not repeat the same trick again, but Lian Beng is quite a safe bet and just keep for mid-long term. BUT if triple witching day Lian Beng chiong, maybe can take profit. Why not?