wow... today forum moves slower than KLCI.... i expected 10+ pages to cover.... haha

MIB posted this yesterday....
any opinion is highly appreciated....

price has slided a bit since yesterday but still maintaining above 4.40....

This post has been edited by mopster: Oct 7 2009, 02:52 PM

BCD/ Window Dressing may be norm for a share... but this not only involves KLK, but also the Index... Conspiracy theory makes sense b'coz it happened at the final trading hour of KLSE.... Isnt that timeline meant to stop manipulation as regulated by Bursa???
I dont see any difference in Manipulation/ Conspiracy.... Y would KLK put itself into a negative limelight...???

The way I view the conspiracy is from the trade system perspective.
The price is high jacked to the level after the pre-closing session.
Suppose, if no matched trade in the pre-closing session, the final closing trade price should be the last done price.
But, the system failure or "bugs" allow the different price pop up.
So, this is causing some possibilities that there will be new future cases coming in beyond our expectation.
The Bursa Trade system is not fool-proof.

The case not happen to most of the active counters that have a lot of queue in the bid-spread but happen to the thin volume counter.

[quote=chyaw,Oct 7 2009, 02:35 PM]
You so ma fan!
Then just use OSK. At least your brokeage fees will be distribute as dividend (if you're still an OSK shareholder)

Anyone using Jupitar got any problem? Which trading firm has refund on shares transfer?

PBB still not moving. CIMB keeps making new 52 weeks high wor and I dont hold this counter. Come PBB, run run run.

rejected - konspirasi theory fail

This post has been edited by aurora97: Oct 7 2009, 04:43 PM

Do you notice 2nd Oct Lowest is 1198.5.
It is even better gain for FKLI.

But the case is, I feel Bursa need to fix the loophole.
Or else, people tend to abuse it.

The order was keyed-in during 4.45-4.50 period which determine the TCP, so if someone flock the system with high price order like KLK case, TCP needs to be at 17.00 as buyer at 17.00 outmuscled the seller side.

---

Added on October 7, 2009, 3:07 pmHuman is flexible, system is rigid, no matter how system is, human if really want to manipulate, they will find a way.

Just like we often see huge buy Q in some goreng stocks, which sometimes is fake one (withdraw the orders when starting to match time), but Bursa cannot stop people from keying order on the Q side, even you want to Q for fun also can.

The one for all solution is to improve the stock liquidity, when there are high liquidity, which lot of instituitional trade around, then you cannot manipulate the price easily. KLK was done at 17.00 because there is little seller around.

This post has been edited by cherroy: Oct 7 2009, 03:07 PM

Well, I notice the trade done on 4.52pm which was after TCP.
Unluckily, I didn't capture the screen.

The transaction was done at 4.52pm, quite correct, but TCP has been set at 17.00 in the first place which occur on 4.50pm. After 4.50 pm you can only transact at one price only, ie. the TCP.

TCP was determined during 4.45-4.50pm, through buyer order vs seller order. If there is no one keyed in 17.00, TCP would be 13.68, or the last transaction price before 4.45pm.

This post has been edited by cherroy: Oct 7 2009, 03:12 PM

If the TCP agreed on 17.00, the transaction will be carried on 4.50pm.
But it was on 4.52pm, and the KLCI index was fixed on 4.50pm.
After the KLK transaction, the Bursa have to clarify and announce the KLCI was inflated to higher level at end of the day.

Personally if this was really a manipulation both in the KLCI and FKLI, i would say its a stroke a geniues or the biggest coup against Bursa with everyone busy bashing the trader (scapegoat) for the error...

unknowingly by regulators/investors someone from the other end of the world, they are carting away truck loads of money and well prepared somewhere in the carribeans sipping their fine wine and champagne.

I would say the plot is Brilliant!

Better than Hedging, this is a market maker.

All you need to do is...
1. take up a long position
2. pick a counter that has a reasonable weightage on the board i.e. KLK
3. cook up a story i.e. scape goat
4. deposit cheque into bank.

This post has been edited by aurora97: Oct 7 2009, 03:23 PM

Eh, why today not RED Wednesday?
Now pre-budget rally already?

Well said Aurora97, we never know this might be god's hand.
Anyway, it happens. So, bear in mind that we can be either who benifited or loser.
We need to keep the market as fair as we can.
Or else, how long can the market sustain the players if there are bully on the rules loophole?

Since the introduction of KLCI FBM30, the KLCI no longer reflect the overall market condition, so the index is already not so "fair" in the first place.

We also see lot of 1 batang at the end of each month, to prop up/down the KLCI which affecting the settlemet price a few points as well.

---

Added on October 7, 2009, 3:31 pmI don't know the reason of the transaction matched was time at 4.52pm. Only 2 possibilities

Either the system/software bug which TCP was 13.68, but matching is done at 17.00 after someone keyed in 17.00 which is unlikely, as if it is the case, cancellation order would be allowed, just like last time when Bursa's server hang due to limit down after 308.
or
this could be the reason of delay
From thestar,




This post has been edited by cherroy: Oct 7 2009, 03:31 PM

Hahahahaha........ probably already flew to the carribeans at this very moment... champagning their victory.... and here's B.M still too busy giving UMA annoucement to low-end counters..... VERY DA REGULATER MATERIAL... aka "GOV"

not much, but can buy 750 shares of CITIGroup..

---

Added on October 7, 2009, 3:36 pmYes, well said Aurora.

When I'm back full time to Malaysia, will think to play FKLI.
Put some cash around to buy 1 batang of FBM heavy weight. May work in a team with others. Create a mini-syndicate. Then we can settle the FKLI LONG.

Who's with me?

This post has been edited by zamans98: Oct 7 2009, 03:36 PM

KNM flying!!!

---

Added on October 7, 2009, 3:37 pmso many of my counters flying today. Yeah!
sugar high now!

This post has been edited by chyaw: Oct 7 2009, 03:45 PM

Wooohoooo........... But still havent reached by ABP.........!!!!!!!

#$@ Cannot see my bought KNM stocks..Hidden according to PBB...

This post has been edited by yang yang: Oct 7 2009, 03:46 PM

Sold KNM @ 0.79 ... now got to find other target that reach bottom but not up yet

This post has been edited by kroegand: Oct 7 2009, 03:47 PM