Maxi-Cash Financial Services Corporation

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#41
The Maxi-Cash share price move up today. Price move up +8% to S$0.475 at crazy volume of 109 Mils shares Tongue

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. Big Grin
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#42
Can short some more Big Grin
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#43
(29-06-2012, 05:21 PM)propertyinvestor Wrote: Can short some more Big Grin

Yes, with the volume of 109 Mils today, it does mean shorting is happening again.

Never ending story... Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#44
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.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#45
wow....u seem pretty interested in this counter......
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#46
Interested but no deal... Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#47
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.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#48
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.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#49
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. Big Grin
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#50
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
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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