Bursa's comment as "Valid & Genuine". Perhaps we should see this term from another perspective. If the mistake is not due to Bursa but other securities or fund or institution, It is "Valid & Genuine". Afterall, somebody done the mistake or mismatch, it is "Valid & Genuine" in fact to us. Agreed?
Anbz ... Why you multiply 0,7 to 1.93 ? Also, you think it will drop to 1.35?? I checked dividend or bonus payout for 2013..... NONE today's whereas paid 6x last year. Anyone who watches this stock can help throw some light for us? Thanks!
honestly, previous support is expected around 2.50 region... any buy below this is already considered nice buy, esp considering how fundamentally strong this counter is..
To all the Mr/Ms Remisiers and anyone who know.... would appreciate your answers to this question: UNDER WHAT CIRCUMSTANCES COULD A BUYER WHO QUEUED AT 2.50 GOT TO BUY AT 1.93 INSTEAD? THANKS
Queue between 4.45 pm to 4.50 pm, assume all buyer quotes from 2.72 to 1.93 add up to 500,000, the seller queue to sell only 200,000. After 4.50 pm, the first 200,000 from higher buyer quotes of 2.72 counts downward will get the order filled at 1.93. If seller queue is 510,000, all 500,000 queue will get order filled at 1.93. Extra order of 10,000 still appears as open seller quote. Anyone can buy the last 10,000 after 4.50 pm onward.
But there were buyers at 2.50... wont the sell bid be adusted upward to match the buy bid at 2.50... Mr Ooi I really appreciate your reply... and to show that i uderstand... there is really hope on Monday..
Bursa system is the one caused this problem. Transaction after 4.50 pm onward, you have to sell at last done price.
Look at the above example, if this fund wants to sell share on Friday due to force selling, he cannot sell on the way down. If he queues at 2.50, I want to sabotage him, I just queue 100 at 2.49 from 4.45 pm to 4.50 pm. After 4.50 pm, he cannot sell any share if there is no buyer at 2.49.
The only way to clear his force selling, he queues at 30% limit down, he will get his order filled because no one can queues lower than 1.93. All buyer quotes from 2.72 to 1.93, all orders will be filled at 1.93.
Mr Oii... Ya.. still tally with what I said... hit 1.93 preclose thereafter all at 1.93... a few must have noticed and keyin to buy at this price... possible?
Can those people who said they queued at 2.50 but got it at 1.93 kindly double-check and confirm that you IN FACT queued at 2.50 and REALLY got it at 1.93.. Kindly be honest.. come clean to help to clear the confusion...
Is all ib trading screen look alike? some of them have mobile app ? does the info display look alike ? are they all linking to the bursa system ? think even biggest software house like microsoft dare not claim error free system... think one of the cause is something screw up somewhere, believe me u never get real answer.. haha
O....... Giving it the benefit of doubt that it has not screwed up or worst.. a cahoot... Bursa must explain how this happened at the time when the bid price was supposed to be frozen.... lucky you sam2828... buy me a drink ; )
Bursa system inconsistent... and i am trying to figure out the seller's sell order... cant he place his order to sell his block at whatever prices at market, and for dramatic effect, just seconds before preclose... he would have cleared every sellers till limit down too... and got back more..
at same maybe someone is dumping.. believe transaction done is contractual. left kena right also kena, must as well dont kena better... wait tomorrow...
lol ... i think if you queue last friday closing price and you get it, you might cry as i believe value investor will gap up the price from that day closing price.
yeah still more buyers at 1.93 but if 1 or 2 suckers want to sell it at limit down what can u do? and remember on last friday...the screen didn't show the 'leading price'...it showed the 'real transacted' price ...which was 1.93 for cbip (if the case is as what happened for TDM at 2.90)...if bursa didn't fix this problem by monday...peple will surely panic when cbip hit limit down again or around that because some seeds in bursa system is such a failure
Name LIM CHAI BENG Address NO. 15, JALAN KELAB GOLF 13/5B SEKSYEN 13 40100 SHAH ALAM SELANGOR DARUL EHSAN NRIC/Passport No/Company No. 580809-10-5055 Nationality/Country of incorporation MALAYSIAN Descriptions (Class & nominal value) ORDINARY SHARES OF RM0.50 EACH Name & address of registered holder LIM CHAI BENG NO. 15, JALAN KELAB GOLF 13/5B SEKSYEN 13 40100 SHAH ALAM SELANGOR DARUL EHSAN Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change No of securities Price Transacted (RM) Transferred 03/06/2013 600,000 ---------------- may be , just may be this got something to do with UMA on friday
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....
Ernst
3 posts
Posted by Ernst > 2013-06-22 12:25 | Report Abuse
Bursa has confirmed that it was not a mistake.
If yes, probably an operator behind or insider info as the stock literally looks good technically and fundamentally.