Latest Forum Topics / LMA | Post Reply |
LMA is as dead as "ghost town"
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hikitty
Master |
18-Oct-2007 16:38
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Hi stewart Since LMA has become a penny stock, it is subject to being played by syndicates. Downtrend is due to "damned contra players" who can't afford to pay , but have to play for their daily bread. The market is sorely in need of more $$$$. Let's see what happens by tomorrow. If price and volume of downtrend subside, LMA should be on its way to recovery. Dn't wait too long to buy back to cover your technical short, though. |
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stewartgoh
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18-Oct-2007 13:35
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Can wait. Confidence is still not there, see the quick decline back to 35c. Waiting to buy back my technical short. LMA has not started share buy-back ... says a lot about its confidence of its company. Long term may be good, if LMA can win all the expensive lawsuits they have filed against Ambu at the various country's courts. | ||||||||||||||||||||||||||||||||||||||||||||
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jason6833
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18-Oct-2007 13:23
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hikitty i vested 50 lots oso wld hold for long term..... | ||||||||||||||||||||||||||||||||||||||||||||
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yokoosi
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18-Oct-2007 13:10
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"Hikitty", difficult to comment on whether to have more "Ang-Mo" in the board. The only consolation is that the current LMA board at least have the guts to come clean when they don't perform, unlike others. PS: Still remenber what happen to the Phone Service Provider, Recycling Plant, etc that was listed previously? Nothing to do with whether "Ang-Mo" or "Chinese", it's depends very much on the culture of the company and who is the head. |
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jackjames
Elite |
18-Oct-2007 12:07
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jackjames
Elite |
18-Oct-2007 11:48
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vested 20 lots at 0.36 now, ha ha... by looking at UBS purchase, the price cannot be yesterday price, so, we are safe to buy at 0.36 ... well, 20 lots is just to test the water, if it drop to 0.29 cents, will consider to buy more.. hikitty, we are in the same boat, sweet..
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moneymatters
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18-Oct-2007 11:15
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The UBS purchase likely came from a single source, New York based investment firm Porter Orlin LLC with a execution order to go into the market on 15 & 16 October to purchase exactly 10 million shares. Porter Orlin seems to have a special interest in buying concentrated position in Pharma & Medical start-ups. | ||||||||||||||||||||||||||||||||||||||||||||
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hikitty
Master |
18-Oct-2007 11:02
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Thanks "yookosi" for supporting my observation.. Doubt the financial experts in UBS are "divvies" or "wastrels" to buy 10 million LMA shares on 17 October 2007. Another observation : (please check me if I am wrong) most companies of " Boards of Directors(BOD) comprising mostly "angmohs" " do not seem to perform better compared to those with no or few angmohs on their BOD. Agree? | ||||||||||||||||||||||||||||||||||||||||||||
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yokoosi
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18-Oct-2007 10:42
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Agree with "hikitty". The "damned contra players" aka (DCP) are ususally the first to get burnt. There is no way to predict which way the market will swing. Those DCP who shorted the last few days around 0.35 and thinking to buy back at a lower price must be licking it's wound. Same for those who shorted on Aug 16th expecting it to fall further. If you can remember, it took last than a hour for it to bounce back. We are in the internet age, trading are done on REALTIME ! 2 golden rules: (a) Sell on greed and Buy on fear. (b) Holding Power |
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hikitty
Master |
18-Oct-2007 10:39
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Hope SJ can be a platform not only for sharing views but also for cultivating an acceptable standard of written English . No offence intended for the correction. It, might be due to a typographical error committed in a hurry to post the message. Sorry for the error in my previous message which was committed in a hurry. It should be "vultures swooping down on a carcass" |
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hikitty
Master |
18-Oct-2007 10:28
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The predators (NOT predictors - they are usually the big daily traders) who sell can end up as the same ones who buy in a stampede, like "vultures" swoop down on carcass. emeat. "Yokoosi" is right in saying that as long as there are buyers, it doesn't matter who they are being bought for. According to an oft-quoted saying, "Whether it is a black or white cat, it is a good cat so long as it is able to catch rats.". The contra players were the ones who had to sell down LMA shares by Wed 17 October 07. If only the "damned contra players" could keep off LMA - they are the ones causing LMA to downtrend!!. As the available $$$$ is spread too thinly among many new shares, many fundamentally good shares have remained as "orphans" despite the recent recovery. |
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yokoosi
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18-Oct-2007 10:13
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Does not matter who they buy it for, as long as there are buyers. Looks like it has bottomed and should hold steady. More buyers than seller now. |
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ten4one
Master |
18-Oct-2007 09:44
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UBS bought 10 mln lots doesn't mean that LMA is 'a buy'! It simply means that LMA is undervalued at that px as per their own valuation. UBS may just do a fast trade or they're buying on behalf of their clients. It doesn't mean anything - it is just a trading transaction! If you're a long term Investor, you should try to avoid a Market Stampede when animals run wild. You won't stand a chance against the Preditors. Take your time and buy when the dusts settled! Forget about what W. Buffett said - he can afford it, you can't!!!!!!! Cheers! |
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doshur
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18-Oct-2007 09:29
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good buying vol. can it rebound today... | ||||||||||||||||||||||||||||||||||||||||||||
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hikitty
Master |
18-Oct-2007 09:04
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Hi moneymatters and investor Hope the "pundits" who posted comments that LMA is overvalued at 10 cents, based on fundamentals, would eat humble pie now after learning that UBS (wow UBS is such a "DIVVY") bought 10 million shares yesterday. Those pundits must have been making millions just buying on fundamentals, so as to be able to afford pavements to their homes and floors in their homes paved in diamonds.!! |
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moneymatters
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18-Oct-2007 08:51
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Hikitty, UBS's open market purchase of 10 million shares when everyone was selling out should cheer up your days ahead. | ||||||||||||||||||||||||||||||||||||||||||||
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hikitty
Master |
18-Oct-2007 08:49
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Thanks investor for the learned advice. Unless a share is "speculative", agree that we shd not insist on "timing our participation" in equities. Value investments are seldom badly affected in any "meltdown", as it is the work of manipulators (should they be called "daily traders"?)who are trying to strike fear. Nor shd we be greedy to chase after any share which shoots up like a projectile without any tangible earnings report as it is again the work of manipulators. | ||||||||||||||||||||||||||||||||||||||||||||
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iinvestor
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18-Oct-2007 08:25
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"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Berkshire Hathaway 2004 Chairman's Letter http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/bd71d9d02c00047648257377005a7213?OpenDocument |
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hikitty
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18-Oct-2007 07:58
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R u those SJ participants who posted "overvalued" comments (r they assuming they are the most learned by NOT buying any LMA share or they waiting for the price to dip to 10cts b4 buying ?) saying that those "public" investors and LMA directors who have bought LMA shares at current prices are all "nincompoops" (or divvies)? Come on, there are shares that remain high in price despite their high valuations. It all depends on the "manipulators" or syndicates behind the counter. To repeat what I said in my previous posting: the mkt behaviour depends on the group or groups of syndicates backing the counter. If everyone depends on fundamentals to purchase shares, then the whole mkt would come to a standstill. No one can be cocksure about the price movements for all shares at all times!!!. |
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jackjames
Elite |
18-Oct-2007 06:47
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OSIM ? hmm... I will wait for their 3Q results next week ... I think should be flat ... gemstv? i don't like it... i found that their tv got germs. dangerous. |
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