Nancy Boon. The big 4 has been shorted. There is still some room for them to short. I think careplus holder simply follow the downtrend sentiments. The price is expected to go down some more. But once the shorties used up the maximum amount of 4percent which is the value allowed to short. They will have to buy back the share. Then the share price will shootup very fast. The theory is EPF feels that in the short term, the price cannot go up. So they borrow the share to shorties. As such, the price may go down but it will shootup fast when shorting is over. Whether you want to cutloss and buy lower or keep holding is your decision. Thanks.
Hold on to your Careplus shares as QR results coming out very soon this month. There could be a good likelihood that the BOD may propose a Bonus Issue in conjunction with QR results to shore up the share price.
I believe just a week ago, one major shareholder bought some shares from market. I feel it's a prelude to some corporate exercise.
Don't forget Careplus had a placement in October 2020 at price around 3.62. The BOD must do something to appease the placement subscribers.
Based on supermax CW expired next week...average ratio is 5.70...lower IB profit...higher IB loss...hope got strong support and price keep uptrending...and hold tight...good company won't go wrong...
if coming eps at least follow comfort that is double than last qr eps..but im expecting more than that since latest ASP higher than 3rd quarter last yr. Internal buying also a sign that report is good..they didnt sell even last surge last week..they knows better than us
result should be end of Feb base on last year announcement time, US ,EU declared Vaccine not fully help at all base on data and some is lower than 50 percent secure . hope will up soon .
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....
DarenWai
351 posts
Posted by DarenWai > 2021-01-22 00:30 | Report Abuse
Nancy Boon. The big 4 has been shorted. There is still some room for them to short. I think careplus holder simply follow the downtrend sentiments. The price is expected to go down some more. But once the shorties used up the maximum amount of 4percent which is the value allowed to short. They will have to buy back the share. Then the share price will shootup very fast.
The theory is EPF feels that in the short term, the price cannot go up. So they borrow the share to shorties. As such, the price may go down but it will shootup fast when shorting is over. Whether you want to cutloss and buy lower or keep holding is your decision. Thanks.