(02-04-2013, 05:33 PM)Nick Wrote: [ -> ] (02-04-2013, 04:34 PM)CityFarmer Wrote: [ -> ] (02-04-2013, 12:19 PM)snowcap Wrote: [ -> ]Today drop to $0.80 for one lot, $3 for one lot, $5 for one lot, $7 for one lot.
To be precise, with lot size of 900 shares
$0.8, $3, $5 of 1 lots each (1 trade each)
$7 of 3 lots (3 trades)
It doesn't look like fat finger sales? or kid's mischievous move on parents account?
Anyway, congrats for those got it.
It could be fat finger first which triggered some auto sales ie cut loss limits ?
hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
(02-04-2013, 11:24 PM)Greenrookie Wrote: [ -> ] (02-04-2013, 05:33 PM)Nick Wrote: [ -> ] (02-04-2013, 04:34 PM)CityFarmer Wrote: [ -> ] (02-04-2013, 12:19 PM)snowcap Wrote: [ -> ]Today drop to $0.80 for one lot, $3 for one lot, $5 for one lot, $7 for one lot.
To be precise, with lot size of 900 shares
$0.8, $3, $5 of 1 lots each (1 trade each)
$7 of 3 lots (3 trades)
It doesn't look like fat finger sales? or kid's mischievous move on parents account?
Anyway, congrats for those got it.
It could be fat finger first which triggered some auto sales ie cut loss limits ?
hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
Hi. need some enlightenment on this too. I thought that sgx only a spread of maximum 20 bids from the last done price? how come the gaps between these done trades are so large?
Anyone knows?
Thanks!
(03-04-2013, 12:41 AM)wizguy84 Wrote: [ -> ] (02-04-2013, 11:24 PM)Greenrookie Wrote: [ -> ] (02-04-2013, 05:33 PM)Nick Wrote: [ -> ] (02-04-2013, 04:34 PM)CityFarmer Wrote: [ -> ] (02-04-2013, 12:19 PM)snowcap Wrote: [ -> ]Today drop to $0.80 for one lot, $3 for one lot, $5 for one lot, $7 for one lot.
To be precise, with lot size of 900 shares
$0.8, $3, $5 of 1 lots each (1 trade each)
$7 of 3 lots (3 trades)
It doesn't look like fat finger sales? or kid's mischievous move on parents account?
Anyway, congrats for those got it.
It could be fat finger first which triggered some auto sales ie cut loss limits ?
hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
Hi. need some enlightenment on this too. I thought that sgx only a spread of maximum 20 bids from the last done price? how come the gaps between these done trades are so large?
Anyone knows?
Thanks!
There is a force-order bidding, which doesn't restrict the spread
(02-04-2013, 11:24 PM)Greenrookie Wrote: [ -> ]hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
Hmm... I am still consider it as mischievous move, no other rational reasons to do so IMO.
(03-04-2013, 09:30 AM)CityFarmer Wrote: [ -> ] (03-04-2013, 12:41 AM)wizguy84 Wrote: [ -> ] (02-04-2013, 11:24 PM)Greenrookie Wrote: [ -> ] (02-04-2013, 05:33 PM)Nick Wrote: [ -> ] (02-04-2013, 04:34 PM)CityFarmer Wrote: [ -> ]To be precise, with lot size of 900 shares
$0.8, $3, $5 of 1 lots each (1 trade each)
$7 of 3 lots (3 trades)
It doesn't look like fat finger sales? or kid's mischievous move on parents account?
Anyway, congrats for those got it.
It could be fat finger first which triggered some auto sales ie cut loss limits ?
hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
Hi. need some enlightenment on this too. I thought that sgx only a spread of maximum 20 bids from the last done price? how come the gaps between these done trades are so large?
Anyone knows?
Thanks!
There is a force-order bidding, which doesn't restrict the spread
(02-04-2013, 11:24 PM)Greenrookie Wrote: [ -> ]hmm... dun quite understand how it is possible? Even if someone is desperate to throw everything, I think a 50% discount should do the trick, who on earth actually sell at0.8????
Hmm... I am still consider it as mischievous move, no other rational reasons to do so IMO.
At $0.80. This is extreme value for money. Wow...Great Singapore Sale.
The $0.80 to $7 trades happened within 42 seconds from 11:43:29am at about 8 seconds intervals and all the trades are sold to buyers. I suspect it could be machine trading as human are not unthinking to sell at such low prices within such short and regular intervals. Likely the algo version of fat finger?
BTW, there are 20700 of short trades done that day. Someone is seriously thinking this counter is over priced.
I would be thinking - this counter is over priced. Considering that its PE is above the industry average. However, I will not mind buying at $0.80. At $0.80, it is grossly under priced.
(not vested)
(03-04-2013, 05:52 PM)wsreader Wrote: [ -> ]The $0.80 to $7 trades happened within 42 seconds from 11:43:29am at about 8 seconds intervals and all the trades are sold to buyers. I suspect it could be machine trading as human are not unthinking to sell at such low prices within such short and regular intervals. Likely the algo version of fat finger?
BTW, there are 20700 of short trades done that day. Someone is seriously thinking this counter is over priced.
If someone keyed in selling bid of $0.8 for 6 lots, it can be fulfilled by buying bids of $0.8, $3, $5, and $7, without further action
Just put up a theory to explain.
Notice that Michael Kok, the Group Chief Executive is offloading its company shares for few days, from 9 Apr 2013 till 17th Apr 2013 today. Total in few hundreds lots, and I believe he will continue to offload...
The company share over-valued?
(not vested)
This company is likely to be overvalued when compared to the sector's average PE. Plus, the Gp CEO is offloading his shares.
Avoid buying it for now.
(Not vested)
(17-04-2013, 09:30 PM)CityFarmer Wrote: [ -> ]Notice that Michael Kok, the Group Chief Executive is offloading its company shares for few days, from 9 Apr 2013 till 17th Apr 2013 today. Total in few hundreds lots, and I believe he will continue to offload...
The company share over-valued?
(not vested)
Another -80 lots today
http://info.sgx.com/webcoranncatth.nsf/V...200354DA4/$file/04-19.pdf?openelement