A good lesson to learn for all of us.
I will like to take this momentous moment to announce that foreland is now 0.052, a 200% increase from its previous price 2 days ago.
Of course, many of my other favourites have followed suit, Qingmei, China Sports, Oceanus etc. If you asked me what has happened; my answer will be a penny rally on "worthless stocks". And it will be interesting to observe how long this rally will last as it is recent
Quoting from the lyrics of a song by Taylor Swift:
"It will leave you breathless or with a nasty scar"
More upside or time to get out??
(21-07-2015, 11:53 AM)CY09 Wrote: [ -> ]I will like to take this momentous moment to announce that foreland is now 0.052, a 200% increase from its previous price 2 days ago.
Of course, many of my other favourites have followed suit, Qingmei, China Sports, Oceanus etc. If you asked me what has happened; my answer will be a penny rally on "worthless stocks". And it will be interesting to observe how long this rally will last as it is recent
Quoting from the lyrics of a song by Taylor Swift:
"It will leave you breathless or with a nasty scar"
Hi max,
No idea, hope SGX reads this satirical post of mine. Its better than querying these companies and then posting "a trade with caution' announcement.
penny rally?? i would say its a penny trap! you have been warned!
The previous penny stock investigation still ongoing after God knows how long and now we have Part 2 brewing....how are the authorities going to handle this I wonder.
The only sure winner at the end of the day is SGX.
(21-07-2015, 12:05 PM)CY09 Wrote: [ -> ]Hi max,
No idea, hope SGX reads this satirical post of mine. Its better than querying these companies and then posting "a trade with caution' announcement.
Queries done, and now trade with caution from SGX today.
http://infopub.sgx.com/Apps?A=COW_CorpAn...c66c9fc8b9
(not vested)
This afternoon's frenzied trading on Foreland is most unusual! It is almost certain that many speculators will get burnt, right down to their undergarments!
It is a busy day for sgx having to send so many queries. To facilitate the processing of trade with caution announcements, I will strongly advise sgx to just draft them now for these companies will say we are not aware
While I do not think we will see another blumont fall out, I still think this episode will go down in flames. Any buddies of a contrarian view? Such as foreland customers giving them a huge order or qingmei business picked up suddenly?