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LMA is as dead as "ghost town"
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hikitty
Master |
07-Nov-2007 18:04
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Unfortunately, the market sentiment for LMA is NOt good. Compared to its free float of about 280 million shares, the daily transaction, even with the buy back scheme, has been very discouraging. Recently, it has come alive only because it has dipped. The LMA mgt is very" shrewd" by buying only a very small volume every day so as to "squeeze" the daily contra players who must sell when payment is due!. Good luck to them! |
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Henry$$$
Senior |
07-Nov-2007 17:52
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Load it... |
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Manikamaniko.
Master |
07-Nov-2007 17:19
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Hikitty... :) What I meant was for LMA to "get out 0f .45" and move upward. I have much confidence that it will move out of .45, and as soon as it hits 0.455/.46 on the next trading day (Friday), it is very likely to surge. Today, it showed great strength by being stuck at .45 whole day with a few million vol. Hope you will be smiling on Friday... (PS. I don't play contra much... I only do it when my stocks surge hugely after I bought, otherwise my usual holding period is about ten days at the very most). |
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hikitty
Master |
07-Nov-2007 16:58
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Sorry manikamaniko - misunderstood your statement "get out of 45". Unlikely that it would get out of 45 today - maybe on Friday 9.11. Doubt there are any short sellers today - they can't be that "smart"! |
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hikitty
Master |
07-Nov-2007 16:28
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Hi ten4one Agree that short sellers are'nt that "smart" to short sell LMA shares. LMA is in the queue (unfortunately, retail investors are small in number) to buy from those who wish to sell to them. Most of those who sell must be contra players (payment due?) or stags |
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hikitty
Master |
07-Nov-2007 12:31
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Congrats for the foresight, manikamaniko! U mean to you sold at 45 cts (resistance level, payment due (no offence, I hope) or what? )Wow, manage to make kopi$$$ ( or big money) in a few days? There seem to be too many traders in almost all counters!! |
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Manikamaniko.
Master |
07-Nov-2007 11:48
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Further to my post at 10:44 below... |
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Manikamaniko.
Master |
07-Nov-2007 11:45
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If one is easily offended, then one should not be a stock trader at all... This is because the stock market monster beast demands that one must not be 'offended' by anything it dishes out... Which is another way of saying:- Treat the stock market impersonally as the beast or darling it is.. but never, never be emotional about anything when in the market... Ten4One... your last comment is great stuff!... 
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moneymatters
Member |
07-Nov-2007 11:41
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Come to think about it LMA and Ambu should merge instead of killing each other in court. There is lots of synergies with products and markets the two companies are covering. May be one reason why Porter raises it stake from below 5% to 14+%. Just some food for thought. |
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hikitty
Master |
07-Nov-2007 11:37
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Tks ten4one for your response. Hope Manikamaniko will not be offended in any way thro our postings |
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ten4one
Master |
07-Nov-2007 11:31
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Hikiity, money could be found in every stocks whether blue, green or red etc....! Remember there is not such thing as a gem if it is already being discovered and made public - don't ever believe that story! 100% agree with you that holding on to a 'dead' stock is a loss in itself as opportunity cost is taken into consideration. That is the reason one should not be afraid to sell and have enough bullets and move on and fight next battle, and keep moving so that your 'enemies' can't detect your position ....and that is one way of winning the war! On the lighter side, when there is money to be made, money will come and money will go...hahaha! Cheers! |
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hikitty
Master |
07-Nov-2007 11:10
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Don't place too much hope on GV which has a very big free float and would take some time to move north. Another "NATO (No Action, Talk Only)" counter. Better buy above $1 stocks as most funds do as the pace of capital appreciation is likely to be faster. Though GV has received the buying support of funds, it 's very disappointing that they bought GV on the dip, NOT when it was moving north! Would GV move north fast, compared with other stocks, when funds buy only on the dip? Imagine the opportunity cost of parking too much hard-earned $$$ on "snails" in the share market? |
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ten4one
Master |
07-Nov-2007 11:08
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Hikitty, very difficult to short now that LMA is trying to cross the 45c barrier. If that is done very conviction then there is a very good chance to fo for 50c...........after that, let see if we could do some 'short' shoppings for Christmas. Cheers! BTW, UBS and Pocter are Fund-Managers and they've different positions from you and I - after all, they're not managing their own monies! Win or lose, they've a cut 
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hikitty
Master |
07-Nov-2007 10:59
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Sorry, forgot to mention that I am still vested in LMA. Doubt any short sellers would be damned stupid to short sell LMA! Any selling could be due to daily contra players who bought LMA shares on 31 Oct (773l lots transacted), and did'nt sell earlier, but don't intend to pay today (T+5)! Doubt LMA will receive the buying support of any fund, besides UBS AG and Pocter (which appear to be buying on behalf of "cheapskate rich individuals"), unless its profitability improves soon (in another TWO long years?) |
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Manikamaniko.
Master |
07-Nov-2007 10:48
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Hikitty... :) |
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Manikamaniko.
Master |
07-Nov-2007 10:44
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As we dialogue, LMA may be 'precariously' on the way up from here (.45)... |
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hikitty
Master |
07-Nov-2007 10:44
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Just stating a fact so that others will not be misled into making a killing on LMA since its has dipped. Have learnt that stocks, which move north since IPO are better bets as they would move further north than those which have dipped . Think many others have learnt that lesson! Don't place too much hope on LMA shooting north, like a rocket, anytime soon!! Why not bet on better stocks moving north faster rather than betting on LMA moving similarly fast??? Observed Manikamaniko tried to buy Globalvoice at .135cts, but failed. If GV keeps on dipping, what would its trend be? Many investors would just dump it when it attempts to move north. Do you think funds or traders will keep on buying any share when it keeps on dipping? Without them buying any fund would remain DEAD or trade sideways for an indefinite period! |
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Manikamaniko.
Master |
07-Nov-2007 10:26
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Dear Hikitty... :) It appears you are now singing another tune ? ... Before, you were staunchly supportive of LMA's great fundamentals... But now it appears to me you have begun to talk down about LMA. Well... by the way, I am now fully bullish on this one... hehehe... |
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hikitty
Master |
07-Nov-2007 10:04
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LMA may remain below its IPO price for some time. Better buy stocks which have moved north with high daily volumes (e.g. Cosco, Swiber, Swissco, and Olam) than LMA which since its listing has been a disgrace to its "international image". Imagine the image LMA mgt has projected by initiating buy back when its price has dipped all the way below its IPO price.. Hope the daily traders don't think LMA will definitely buy LMA shares every day so that they can make kopi $$$. Doubt LMA will do that every day irrespective of the price as it may not have the budget set aside to do so!!. If it does that, its profitability for the fourth quarter of 2007 may be adversely affected. |
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hikitty
Master |
07-Nov-2007 09:45
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Cashiertan agree with your suggestion. Stocks with earning visibilities and new income drivers are better bets. LMA has dipped for the past two years. It may take equally long to recover since most investors would sell when it attempts to move north in price!!! Until Ambu gets wiped out of the market with its imitation products , which may take two years, LMA would remain its IPO price for some time!! It takes that long, two years, in the US for LMA's case against Ambu to be heard. God knows how long it would take for a verdict to be delivered in the US! |
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