EFH Ltd    Last:0.046   -

Why Biolidics share price significantly dropped

hmm..admin also vested issit?..buay tahan..

 

like that also can.

westpoison      ( Date: 24-Apr-2020 11:47) Posted: too much bitching which went out of topic I guess.

 

Too many shorties trying to fuel doubt and provide false information 

qxlStocks      ( Date: 24-Apr-2020 11:47) Posted: 2 threads deleted..  guards80      ( Date: 24-Apr-2020 11:46) Posted: Old thread deleted?

 

How come sia.

qxlStocks      ( Date: 24-Apr-2020 11:47) Posted: 2 threads deleted..  guards80      ( Date: 24-Apr-2020 11:46) Posted: Old thread deleted?

 

too much bitching which went out of topic I guess.

 

2 threads deleted.. 

guards80      ( Date: 24-Apr-2020 11:46) Posted: Old thread deleted?

 

Old thread deleted?

 

Biolidics share price rose more than double after they announced the news about Covid19 test kit, but was significant dropped on 23/4/2020 after the trading halt. I did an analysis, the fact behind was due to inadvantage of SGX system, a sad story to those investors bought in higher price. Before the trading halt, the last traded price was SGD 0.76, while some investors are not awared the lifting of the trading halt at 3:30pm, they leave their stocks as ask price at their desired price in the system, which is around  SGD 0.80. During lifting of trading halt, the share price was rose to  SGD 0.875, the SGX system will FIRSTLY EXECUTE the exactly matched bid and ask price,  SGD0.875,  THEN EXECUTE those bid price as MARKET RATE with those ask price as  SGD 0.80  as mentioned earlier. So the last traded price show as suddenly drop from  SGD 0.875  to  SGD 0.80, this made minority investors worried and keep seeling their stocks at lower price and finally stop at SGD 0.425. Consequently, as the volume sold at lower price was minority, it will be easily get up back to higher price in short period if the stocks remain actively trading by investors buy in long position after the " shock" ended.