Sell @ $0.27
We're seeing the same buying pattern as yesterday. Shares Buy Back is likely capped at $0.265 for now as they patiently topped up the Buy Q ($0.265) to maintain it at 100-200+ lots. The 27ct Buy Up (of large Sell Q) happened earlier today and all mine in Q was done (include M-in-Law's).
SGX Annc after mkt close,
- 848,000 @ 26.5ct ; 30.6% of Total Vol
- Total Vol = 2,773,000 ; Range = 26.5ct to 27.5ct
So, who's the buyer for 1,910,000 @ $0.27 since Shares Buy Back is capped at $0.265 today?? Yesterday, it was 1,560,000 @ $0.27. The buying pattern is very similar…. One possibility is Mr Chou and if so, his SGX Annc will have to come soon. If it's not him, then who?? Mr Chou is already holding 60%+, so, no way for a 3rd party to try to do a takeover. Traders? I don't mind if they can drive the price up further for me to sell..
If this pattern continues on Friday, we'll try to profit from it… 😀