| Latest Forum Topics / Ley Choon Last:0.097 -- |
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Ley Choon
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pool100
Veteran |
22-Jun-2017 12:52
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Ley choon relative strength is extremely high based on indicator. Now just cleared 47 again. No offence but not sure why you like to short strong counters?
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dav781
Senior |
22-Jun-2017 11:31
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Just be clearer. I am not cursing anyone who is vested. I am just warning other small time investors from chasing up and falling into the trap set up by those that created the fake queues. If those in the queues are so bullish, they should either buy up themselves or not disappear every time people sell down. Pls take note. |
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dav781
Senior |
22-Jun-2017 11:28
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And even if LC becomes an all-star like Chasen, 12 consecutive days of green or break-even?  I know market not rational, but still....... I leave this to your own conclusion :-)
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dav781
Senior |
22-Jun-2017 11:24
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Like I said many times, Chasen has a NAV per share of 18 cents, but LC only 2.68 cents. As you mentioned, must be good contracts from good clients. What makes you so confident that the 170+m order book are good contracts and good cilents? Anyway, LC went into trouble in the past because they hads problem executing their projects well, projetct over-run, extra costs etc. They used to have $200m order book, but still went into restructuring. They have not proven themselves on this part. LC does not many more assets to sell to bail themselves out if they mess up again this time. I am waiting for LC to prove itself with its results, not just an annoucement of $51m contracts.
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Lt_investor
Master |
22-Jun-2017 11:14
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Shorted another 200 lots at 0.046. Total 500 lots. | ||||
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pool100
Veteran |
22-Jun-2017 11:12
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If LC has restructured all their debts and have no on-going concern going forward, and has secured good contracts from good clients in the pipeline, then it is undervalued at current price levels. And yes I think they are a turnaround story and will trend up again like chasen. |
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dav781
Senior |
22-Jun-2017 11:05
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I am not sure when the BBs are sick of playing with LC and let go. Beware of falling knife. My thoughts.
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dav781
Senior |
22-Jun-2017 10:54
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Somehow my gut feel is that the BBs are not interested in accumulating, but pushing up the price only. Because whenever someone starts selling, the queues start to disappear. This is true for almost every level. I am worried that small investors are trapped in this game. The BBs create false buy queues and the small retailers go in blindly to help push up prices. The BBs are holding on to this stock from a much lower price and they just want to see how high they can push. NEVER CHASE UP, especially after 12 days.
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dav781
Senior |
22-Jun-2017 10:49
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Indeed. But BBs also want some retracement to help them accumulate at a lower price. Honestly, 12 consecutive days of all green or break-even?  I don' t think LC is such an all star at the moment.
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pool100
Veteran |
22-Jun-2017 10:47
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Ley Choon is being accumulated at this level by the BBs. A lot of retailers sold down between 45-47 these few days but it' s still being held up by the BBs. Probably accumulating for a big push later. | ||||
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dav781
Senior |
22-Jun-2017 10:47
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It is just a matter of time shortists will come in in a big scale. My thoughts. | ||||
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dav781
Senior |
22-Jun-2017 10:18
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we shall see :-)
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dav781
Senior |
22-Jun-2017 10:10
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Don' t be taken by the fake queues. Disappear immediately when people sell. I worry for those small time investors chasing up. | ||||
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Integrity
Elite |
22-Jun-2017 10:09
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Your first sentence already answered your question. U are fighting against the strong tide, not wise.
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dav781
Senior |
22-Jun-2017 10:06
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We cannot expect Ley Choon to have 12 consecutive days of increase or break-even, right? Even all star stocks like Chasen have days in red in between. I am talking about common sense now. But again, I might be wrong.
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Integrity
Elite |
22-Jun-2017 09:43
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U are shorting a strong stock, be prepare to cut loss.
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Morello
Veteran |
22-Jun-2017 09:34
Yells: "In it for the long haul" |
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u short but limpeh trying to get at 45...see how | ||||
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Lt_investor
Master |
22-Jun-2017 09:10
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Shorted 300 lots at 0.046 | ||||
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dav781
Senior |
22-Jun-2017 09:06
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Vol looks significant lower today. BBs seem to have accumulated enough. Those stuck at above 4.5 cents might need to hold for a while. | ||||
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Lt_investor
Master |
22-Jun-2017 09:01
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Can queue to short at 0.046 | ||||
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