my strategy for Daya is simple: Buy Daya before Reach listing. If Reach opens at a huge premium (above 90sen), I will keep my Daya (dont chase Reach). If Reach opens at a poor premium (below 80sen), I will swap my Daya to Reach.
That way, regardless of how Reach performs, I have exposure to Reach (either directly or indirectly).
But my hunch is Reach is going to open at a huge premium considering that 98% of the shares given to Institution & high net worth individuals.
The Board of Directors of the Company wishes to announce that the Company had on 12 August 2014 received a notification from an Executive Committee Member of the Company, Mr Tham Wooi Loon, who is also a Director of several subsidiaries of the Company, of his dealing in the Company's securities outside closed period, as set out in the table below:
Description of Securities Date Transacted No. of Securities acquired % of Securities acquired Price per security Remarks Ordinary Shares of RM0.10 each 04/07/2014 200,000 0.0144* RM0.315 Purchase of shares in the open market
If Mazlin is selling, u have to ask WHO IS BUYING? Can't be retailers cos retailers can't absorb so much. So must be some institution/funds. Norges maybe?
wonder why Mazlin sell his share so early when he know Reach will open at a high price. it doesn't make sense right? he can offload at a later for a higher profit. His last disposal is on this Monday
if you just look at volume in the past week when it was push to 32-34 it is already a sign that there is a strong "operator", what mazlin do is really irrelevant to what the volume operator want to do
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,014 posts
Posted by speakup > 2014-08-12 10:31 | Report Abuse
my strategy for Daya is simple:
Buy Daya before Reach listing.
If Reach opens at a huge premium (above 90sen), I will keep my Daya (dont chase Reach).
If Reach opens at a poor premium (below 80sen), I will swap my Daya to Reach.
That way, regardless of how Reach performs, I have exposure to Reach (either directly or indirectly).
But my hunch is Reach is going to open at a huge premium considering that 98% of the shares given to Institution & high net worth individuals.