hear some bad new they cant get renewal contra with operator...

LOL, you guys are really hadcore supporter, and creative, like that using its name to generate something also can.

What I can say I respect your all hardcore supporting.

Anyway, I have no comment whether the stock can be gorenged or not. Nobody knows and nobody knows what is the intention of the margin selling previously and what the reason they purchased back a few lately, the reason generally they will keep for themselves and only they know.

Market merely can guess and speculate.

Cheers.

This post has been edited by cherroy: Aug 1 2009, 03:23 PM

Don't this considered insider trading?

The story sounds very familiar to those who bought 2nd board stocks years ago.

Though investors had many chances to cut losses ( 2nd board stocks ) and switching to other and more fundamentally sounded like PBB or IOI. Many refused to give up thinking and hoping that Repco Lau or somebody like him would be making a come back to rescue them.

These second board companies soon becoming part of Bursa's history.

Compugates might be different.

Judge your own.

This post has been edited by SKY 1809: Aug 1 2009, 03:46 PM

This is not an insider trading. The CEO buy and sell which is fully disclosed and within the regulation allowed.

CEO and directors can also trade in the market as long as it is disclosed and within the regulation allowed, which is norm in the market.

Unless one is trading buying or selling big ahead of big event (like company secured multi-billion contract or company is going to bankrupt etc) which they knew it in the first place, only it is considered insider trading.

Isn't it fair to assume parties like Datuk Goh Tian Chuan and Goh Kheng Peow are well aware in advance of Distributorship Agreement Celcom Prepaid Mobile would be terminated? This piece of news only get out after significant changes in their shareholdings.

The selling was conducted by several brokers under guise of "margin call"
Sell first before all the mangkuk and pan chat can react to the news.

... for all you say, i can agree with on your phrase ... Market merely can guess and speculate.

If you think i am creative, read my older posts.
I can only say, i am consistent from day one up to now.

Those defeated has given up ...
Those waiting at the sideline will never make it ... for sure
MM is plotting hardcore now ...
Very soon hardcore will give in ...
only lucky fews will survive ...

All I have is time ... lets wait .. if MM want to go bankrupt and happy to accompany him .. i will just lost a Beetle .. I am not sure will he accepting going to lost a mansion and his son future as the CEO of Compugt..

This post has been edited by MoonRider: Aug 1 2009, 11:17 PM

Well, one can indeed assume something isn't right as early as May-to-June was because of the large
amount of volume being sold off by insider. The "margin calls" - is probably the legible way
for insiders to dump and avoid punitive "insider trading".

Side liners aka. anchovies were speculating big take overs about to happen therefore taking positions
to run up. When the truth finally came out, people are severely disappointed. Hence, some people just gave up.

IMO, this thread ticker is interesting as case study why there is wave mentality at work here.

Market all over has made headway from its low in early 2009. Compugt has instead sunk and remained at historical low. One thing has been agreed by most: this company's reported financials show no fundamentals at all, only worries.

As such, what is at work is psychology game between MM and minority shareholders. Based on the financials in Q1 09, this company will run into financial quaqmire in 18 months' time or so. Being the MM, he is running out of choice and needs to decide to pump in more biz or cut loose and run.

Being the minority shareholder, your time frame is almost the same. You are as much at his mercy as he is at yours. It is harder for him sell his tons of shares. This is much like he movie 'SAW' where the MM has cancer but wants others to die with him. SAW 2, 3, 4 may come and more victims will bow out.

But if the price drops to 2 sen, nobody will want to cut loss as it makes very little difference. On the other hand, if the price rises to 10sen, most minority shareholders will run even if there is a new biz to be injected.

Either way, someone can always float some theories to persuade you to buy or sell. Essentially, shares mean you buy a stake in the biz, if it is rotten, you sell. If you think it has potential, you buy or hold. For those who believe in this counter, you should buy more if its share drops.

In 18-months time or shorter, we will see how this abysmal counter unravels itself. Time is always the best judge. The faith of its believer will finally have its day of reckoning. It will either be a great catharsis or painful lesson for the long-suffering beholders.

IT GOING TO BANKURP!! just SELL IT...

I post till my hand also pain dy.. NO FUTURE HERE ... just SELL!!!!

Hi Stanly007,

I wish you all the best, and doing well in your coming career.

I believe you have a bright future out there.

This post has been edited by SKY 1809: Aug 2 2009, 08:02 PM

i bought COMPUGT at 0.075. Now a bit headache, dunno wanna sell or not.

if u buy for fun, best of luck.
if u buy for luck, you become a duck lor ...

i like this counter bcoz it is fun ...
$$$ is small part of the game
the rest is

let come back to this thread in Sept ..

agreed...

Aiya Stan/Mr. Buffett,

How this is possible-lah? We trust you and bought this when it was RM0.10 back in May 21 and you promised us that it will rise RM0.17. You predicted someone will goreng up. We are still faithfully waiting for this call.

Please-lah, don't tell us to abandon ship and sell now, very very painful you know.

bro,

i think u better pm them and ask why they "sell" their share abruptly.

There might be a case of insider trading, if anyone care to take it up with the SC.

On Jun 19 during the AGM, the Managing Director was asked a point blank question whether Compugates was in danger of losing any of its agency line. He responded with an affirmative "No." Only July 16, just 3 days short of one month after the AGM, Compugates made this bombshell that Celcom was terminating its agency line. Legally Compugates might have received the official letter from Celcom on July 15. But no sane mind can ever accept that a competent CEO of a company could be so blur as not to know that the ax was coming from Celcom in the next 27 days. Couple with the heavy selling preceding the Celcom termination (though disguised as margin call), I think there's a very good case of an insider trading deliberation going on. Maybe SC is just happy with the farcical explanation so that no body needs to be troubled into doing any extra unpleasant work. Maybe many investors like us are just as happy to let the sleeping dog lie. After all, if the mess is stirred, Compugates may not get the re-bound many who are stuck with the shares are hoping for.

This post has been edited by omione: Aug 3 2009, 06:58 PM

Actually it is very difficult to prove it is insider trading (don't get me wrong, I don't say it is or not) because there is some lag between news released/known with the share disposing which was done month(s) back. The talk during AGM meeting has nothing to do with insider trading, as the issue is about when the share is disposed/acquired.

Also the disposal of share is under margin call, which is not under CEO/MD decision, it was done under on investment banks credential to force sell the share.

Whether the force sell is intention to be invoked by not topping or meet the margin call, this is another story.

Don't get me wrong on this, I don't say it is or not.