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The Maxi-Cash share price move up today. Price move up +8% to S$0.475 at crazy volume of 109 Mils shares
IMO, this is definitely a covering of short position for the last few days trades. Shortish are losing badly.
Observations on the volume distribution
- Buy up > Sell down with ratio of 3x-4x, at most of the day
I assume the market price will stabilize next week.
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(29-06-2012, 05:21 PM)propertyinvestor Wrote: Can short some more
Yes, with the volume of 109 Mils today, it does mean shorting is happening again.
Never ending story...
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The Maxi-Cash share price stay put today. Price stay @ S$0.475 at volume of 25 Mils shares
Observations on the volume distribution
- Buy up > Sell down with ratio of 2x generally
Today trade is at reasonable volume, which is below the estimated floating share of 45 Mils shares.
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wow....u seem pretty interested in this counter......
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Interested but no deal...
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The Maxi-Cash share price stay put today. Price stay @ S$0.475 at volume of 11 Mils shares
Observations on the volume distribution
- Buy up > Sell down are quite even
The highlight is high volume of big transaction (>100 lot) in the morning, approx 4.5 Mils shares which is approx 40% of today volume.
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An update on the use of the proceeds raised by the IPO
http://info.sgx.com/webcorannc.nsf/Annou...endocument
5.2 Mil$ out of the allocated 9.1 Mil$, already been used for general corporate and working capital.
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The Maxi-Cash share price move lower today. Price move down by -3.2% to S$0.46 at volume of less than 5 Mils shares
The volume stabilized and price started to adjusted down.
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The Maxi-Cash share price move further lower today. Price move down by -1.1% to S$0.455 at volume of less than 9 Mils shares
The volume continue to stabilize and price continue to adjusted down. But generally Mr Market is optimistic on Maxi-Cash with a supported historical valuation of approx. PE 45 and PB 2.2
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