Latest Forum Topics / Renaissance United Last:0.001 -- | Post Reply |
Neglected, Illiquid, Undervalue, Recovery counter
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Rosesyrup
Veteran |
30-Sep-2013 13:15
Yells: "Get your own opinion, don't follow blindly." |
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Today is definitely a shortist day for IPCO, but seems like you are late. 3.5cents is a strong resistance, you could have made some handsome profit  if you had  shorted in the morning. I am speculating, AND REALLY JUST SPECULATING, that the parties will work out their difference last min tonight- neither party  wants to bear the responsibility of sending the country into another crisis. Thus IPCO might lead another charge tomorrow.
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moneycow
Master |
30-Sep-2013 13:13
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IPCO seem always stagnant for long time - when move   alot in a day after so long of sleep, it falls back almost immediately................ So on the next run ..................in a day.................move above 4.5 ................ if can. Grab profit.............be sure , safe than sorry yeah.  |
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xtraderx
Member |
30-Sep-2013 13:08
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They can stop the slide if they have 400+m to throw away.
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drbull
Member |
30-Sep-2013 13:07
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Yes  I agree with you to listen to their chit chat. But it  should pertain to different points of view is ok . But not critising who is right or wrong.  Anyway I am not  talking about their quarrels anymore. TQ. Importantly we are here to get tips on how to make money!. Looks like  if we  sell Mr. IP now and buy back later at cheaper price we can make some money.What does everyone think?
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k2kingkong
Member |
30-Sep-2013 12:59
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thanks xTraderx, if a major shareholder emerged in Ipco and decide to sell its Blumont's investment, can Blumont's SSHs stop the Blumont's price slide ?   |
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xtraderx
Member |
30-Sep-2013 12:48
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To rig Blumont's share price, that much is obvious. Blumont is a cornered stock, SSHs can't sell their shares (dumping the float in open market) without crashing it. The question that people should be asking is why rig Blumont's share price? My own speculation is that Blumont is just a proxy thats used to control IPCO's price behaviour. The cost of rigging Blumont's price is negligible (they don't lose money if they don't dump the shares onto the public), but the gains from IPCO's soaring share price is potentially huge i.e pump up blumont to induce public to buy IPCO shares from the manipulators. Note that this is pure speculation only, and I have no vested interest in IPCO or Blumont.
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spss1955
Senior |
30-Sep-2013 12:38
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Hi drbull, dun mind them. let them haf their chit chat, a bit of comic relief wen the mkt is deep red. Just got back from washing my car, good work out too. Now my car is clean and shiny. Wish I can do the same for my counters too, can wash it clean.....  haha.
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k2kingkong
Member |
30-Sep-2013 12:36
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I read that Blumont is buying a copper mine and needs some money less than 20 million. If SSHs are not willing to pony up more money, they could price each right at less then 5 cents ?  can't they ?   |
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nqing87
Veteran |
30-Sep-2013 12:36
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i highly doubt edward selling shares today.. before the run up, he had accumulated around 70mil shares during july/august.. he sold all if not most  of them, leaving the rest rotting  (400mil+ shares)  which has been there for some time.. this 400mil shares wont be sold totally, until at least maybe ipco realise blumont's gain.. so there will still be a substantial amount of holdings he will keep, regardless of whether he buy/sell in the near future..  it is not new that we have big selling lots at regular interval.. edward is just one BB who is a SSH.. we have many BB who is also playing this counter, but are not SSH, probably big traders.. the market in general is cautious due to the US ceiling.. alot stocks are dropping.. makes absolute sense for BB to run away with some profits first.. not only in ipco context..
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k2kingkong
Member |
30-Sep-2013 12:28
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@xtraderx :  Why are the big share holders subscribing to all the rights and not selling their Blumont shares ?  thks for advice. |
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k2kingkong
Member |
30-Sep-2013 12:26
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Why are the big share holders subscribing to all the rights and not selling their shares ?  thks for advice.   |
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drbull
Member |
30-Sep-2013 12:25
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SOUNDS QUITE DEPRESSING READING 2 veteran members splitting hairs on the FORUM ALMOST EVERYDAY. WE ARE LOOKING TO 2 of you for guidance and leads not bad mouth each other. ANYWAY LOOKING AT TODAY' s selling pattern EL APPEARS TO BE SELLING AGAIN. WE SHOULD FOLLOW HIM TO SELL AND BUY BACK CHEAPER LATER.CAN MAKE SOME TRADING PROFIT.! 
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xtraderx
Member |
30-Sep-2013 12:19
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If you look at the company's finances you will realise that 40m (from the rights issue) is actually a substantial sum of money to blumont. As for pricing the rights at a higher price... well I don't think SSHs would be willing to pony up more money. Blumont is definitely not worth $2.40, I would have short sold it if there was some way to do it. 
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oreocookie
Member |
30-Sep-2013 12:11
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well said. exactly my sentiment.
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drbull
Member |
30-Sep-2013 12:10
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I THINK YOU ARE RIGHT he is selling because you can see from the selling pattern. SO MY FEELING IS TO SELL NOW AND BACK LATER AT A CHEAPER PRICE.
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tbc730
Member |
30-Sep-2013 12:07
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don't hav said sour.sell fish. | ||||
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k2kingkong
Member |
30-Sep-2013 12:05
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Fair enough, the cup is half empty or half full.  Another way of seeing it is to reward loyal shareholders.  2 shares get 1 right is essentially a share split. If they need money due to cash flow problems, Blumont could ask for a much higher price than 5 cents for each right. |
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hmphie
Senior |
30-Sep-2013 12:04
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I believe the rights issue was not about raising the few million of dollars from the 5ct exercise price. It was to give more shares to SSHs on the cheap.
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xtraderx
Member |
30-Sep-2013 11:58
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Blumont is a cornered stock, there isn't any way to short it down because nearly all of the existing float are controlled by a few entities, it can't short sold via CFD or SBL either. The company is worth over 4b yet they had to raise a couple of million dollars with a rights issue, this alone is an enormous red flag to me.    
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xtraderx
Member |
30-Sep-2013 11:49
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Edward Lee most likely selling again, I see systematic selling of 5k lots in regular intervals, this is similar to last Friday's order flow. | ||||
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