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We all know that Glaucus Research is a short seller that will profit from today drop. So we just wait what is the action from the company before deciding whether to catch it.
Could be good profit but position should be small to contain the risk.
My guess is short sellers will start to cover positions when it start to resume.
Not vested.
Yes I think it is 倚 天 剑 (Yi Tian Sword)... ...
Extremely sharp! Better do not catch! You hands might be cut and bleed profusely and admit to I.C.U... ...
Peter_Pan ( Date: 26-Aug-2013 21:05) Posted:
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FOR IMMEDIATE RELEASE
Singapore, 26 August 2013
Corporation Limited (" the Company" ) that Glaucus Research Group (?Glaucus?) has released a
report (?Report?) regarding certain affairs of the Company. The Report has caused a substantial
decrease in the share price of the Company this morning and Glaucus has openly stated that
Glaucus and those acting in concert with it are short sellers who will profit from the decline of the
Company?s stock price.
The Company is in the process of reviewing the Report and will provide its response shortly. The
Company will take all necessary steps to defend its reputation and will not hesitate to take legal
action against those who put up and disseminate false or misleading statements without due
regard to their truth and for the purpose of inducing others to deal in securities.
In the meantime, the Company has halted the trading of its stock and reserves all rights against
the aforesaid parties.
-- End
This one is falling swords..so long
medivh ( Date: 26-Aug-2013 21:03) Posted:
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This is the sifu of sifu.. (" ,)
not easy to catch falling knives and to fling it back ..
machiam " Xiao Li Fei Dao"
xing78 ( Date: 26-Aug-2013 18:04) Posted:
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Instead of being so posting replies saying how you had so fervently warned investors about S-chips, we should all take a step back and look at this objectively. First and foremost, Glaucus Research has already indicated that they have short interest and all rational minds will know that this is already a conflict of interest.
First of all, the immediate thing I did was to google Yi Fen Li and what I found was a shady website called www.corptrading .org that provided information that yifenli was incorporated in 2009. Next I went on to verify the trustworthiness of this website by taking some time to click on the links on the website and they just led me on to some other shady websites.
That aside, Glaucus provided no proof of how they got the images except the fact that they got it from SAIC filings. Maybe some do not know, in 2012, in light of Muddy Waters' attack on Chinese companies, the SAIC is restricting access to their database. Unless Glaucus got the filings in 2012, I dont see much how much more reliable they are compared to our local banks' analysis.
Also to note, the entire research is cleverly put together with pictures of China Minzhong's reports and made it seem extremely compelling. But if one were to think through carefully, many of these pictures can be taken out of context.
It is also worthwhile to note that many allegations were of pre-IPO period in which GIC was a cornerstone investor. I don't see how GIC would have missed all these pre-IPO allegations at that point of time, considering the organisation hires elites to manage the sovereign wealth. But, I am not saying that they don't make mistakes at all.
To be fair, the ballooning receivables and high CAPEX is a more of a worry for investors.
May I know what happened to this coy? No news and all in sudden dropped?
This month 2 s-chips kena liao..
Oh my goodness ! thank God I left this stock long long ago... neber gib dividends and no bonuses etc etc... also px too volatile like sino grandness...make many times but lose equal times...end zero..back to square one...not good stocks these... singapore companies..the ones with growth stories are best... in the end i suppose...sigh....
Take month to profit 10cts by 10 cts but only need oneday to wack out 48cts solid man
Speechless...............
Just wish you good luck .........
xing78 ( Date: 26-Aug-2013 18:04) Posted:
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What happen....1. Why suspended? 2. Investors how?
bishan22 ( Date: 26-Aug-2013 19:03) Posted:
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Another Sino Enviroment in the making. Suspended and got wipe off from SGX.
Most likely going for suspension. Lifting of trading halt with this kind of evidences still fresh in the minds will only results in further pressure to the share price.
You paper trading ah? How's your Oceanus?
xing78 ( Date: 26-Aug-2013 18:04) Posted:
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Is this report true? If Yes....this drop isn't a pick up at cheap deal.
| Henry$$$ ( Date: 26-Aug-2013 15:06) Posted: |
Agreed.
The plunge today presents a great buying opportunity when trading resumes. I like to catch falling knives. :p
Counters like china energy i bought from 1.42 to 0.061, still holding n trading,hope CMZ dont halt for to long or supense long,i went in 0.77
Magic Mushrooms!!!