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Post by oldman on Sept 1, 2014 18:01:20 GMT 7
Top volume today with 612 mil shares traded. However at 0.1ct each, the market value of all the trades done on this counter today just amounts to $612,000. No wonder some call our market a Micky mouse market.
Interesting though to keep an eye on the market action as it has been moving between 0.1ct and 0.2cts for around 2 years. I am only watching from the sidelines as I am certainly not keen to play such games. Folks who take a bet at 0.1ct are just hoping that a greater fool will buy from them at 0.2cts. Like they say...if you have been in a poker game for a while, and you still don't know who the patsy is, you're the patsy.
Do note that Digiland has 42.9 bil shares in issue, as at 30 June 2014.
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Post by zuolun on Sept 2, 2014 10:57:55 GMT 7
Top volume today with 612 mil shares traded. However at 0.1ct each, the market value of all the trades done on this counter today just amounts to $612,000. No wonder some call our market a Micky mouse market. Interesting though to keep an eye on the market action as it has been moving between 0.1ct and 0.2cts for around 2 years. I am only watching from the sidelines as I am certainly not keen to play such games. Folks who take a bet at 0.1ct are just hoping that a greater fool will buy from them at 0.2cts. Like they say...if you have been in a poker game for a while, and you still don't know who the patsy is, you're the patsy. Do note that Digiland has 42.9 bil shares in issue, as at 30 June 2014. oldman, When the foreign BBs run road in dove and STI peaked @ 3464 points in end-May 2013, it was repeatedly reported that majority of remisiers did not have much business and their income is less than S$1,000 per month, then and now. And SGX also reported that its M-O-M trading volume had plunged drastically. This had directly proven the absence of mass participation from the general public; especially the retail players (on-line and broker-assist). Coupled with the major groups of proprietary day traders/stockists and many gullible retail players who were killed for good in the BAL saga last Oct 2013, only the house, the local fund managers and the brokerage in-house traders are busy playing among themselves in the SGX stock market, day-in-day-out. These whole groups of professional and experienced players are salaried employees who're exempted from paying commissions and their job is mainly churning and hedging their positions in the underlying blue-chip stocks with SiMSCI Futures. It's the same scenario with the US markets; active participants are mainly Central Bankers. All the US Indices can shoot to the roof, without strong supporting volume.  The S'pore stock market is now "A mahjong game within the family!" ==> 关起门来一家亲！  Without participation from the foreign BBs, active players are local FMs + plenty of "bayi" (brokerage firms' house/proprietary traders) + retail players. |
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