Err... maybe because he's stepping down as CEO so cashing out, retiring, etc? Zelan just announced that they'll let his contract lapsed in January and soneone else will replace him.

If you look at the announcements, EPF had also been buying.

They didn't buy that today, that was bought on 12/11/2008. Buys and Sells by substantial shareholder are not shown until a week later. So if the major shareholders are selling, you won't know until they announced it a week later. Only buybacks are reported within the day.

Another mega sales coming?

So sien lar today ....not much drop  Expecting to have a big drop today

1 lot yesterday @ 0.88
1 lot today @ 0.8

20lot equine @ 0.335
30lot KUB @ 0.25

in the afternoon been busy with work din't managed to sell off... 
see tonite how DJ close
wait until Monday...

1 lot for me is 1000 unit 
plan to keep zelan

Last time min purchase  1 lot - 1000 units.  Now the new min is 100 unit per purchase or 1 lot.
New purchase system oso show 100 unit X no. of lot

For its easier to put no. units of share purchase to avoid confusion.

Cheers,
v_viper88

Selling Kinsteel bought at 40sen 100 lots, hold if it falls.

Huaan, need to release some from stockpile, 800 lots.

Nowaday , I buy stocks, I have to constantly ask what if it falls. What should i do.

I do not have any data on HSBC, so i cannot help you either.

But Pound is still dropping, could have some currency risk in investing in HSBC.

Well, EEC banks are on the way to retrench thousands of staff.

Any investments not quoted on Bursa are in foreign currencies, including unit trusts.

Pounds can be the currency where accounts are kept.

Correct me if I am wrong.

---

Added on November 22, 2008, 3:00 pmHSBC Holdings plc is a public limited company incorporated in England and Wales, headquartered in London.[2] As of 2008, it is both the world's largest banking group and the world's largest company according to a composite measure by Forbes magazine.[3][4] "HSBC" is an abbreviation for The Hongkong and Shanghai Banking Corporation. Today, while Hong Kong continues to be a significant source of income for the group, no single geographical area dominates earnings. Recent acquisitions and expansion in China are returning HSBC to part of its roots.[5] HSBC is Europe's biggest bank and has an enormous operational base in Asia and significant lending, investment, and insurance activities around the world. The company has a global reach and financial fundamentals matched by few other banking or financial multinationals.[6]
HSBC is listed on the London, New York, and Hong Kong Stock Exchanges, and is a constituent of the FTSE 100 Index and the Hang Seng Index.

I just read The Edge magazines just now. There's news on Zelan. 
Seems good.

Cheers,
v_viper88

Get ready for a drop to 7000, citigroup to drop to USD 1, financials and retailers will be dragged down.

It's a big storm coming...

I don't know why but I keep questioning the reason why the director is disposing the shares to the market. Even if the contract their contract tenure is not renewed, they can still keep the shares if the prospects of Zelan is good. Furthermore, if they had a clause that they need to sell the shares, they could've arranged for a negotiated offer for their 5% holding. Rarely you see directors dumping the shares unless something is amiss.

Especially when there is a dividend payout due in December. And they know this because they are in the board that approves it.

By selling off everything in the market uncontrolled, they are basically getting out as fast as they can. Even substantial shareholders JPMorgan which is now not a substantial shareholder anymore, is dumping the shares slowly. Since they are not a substantial shareholder or below 5% holdings, they do not need to report anymore of their dumping activities. So I won't be surprised if Zelan share continue to weaken from this activities.

So I hope people who are buying this share for 'long term' holding, ask themselves this, WHY is the big fishes running? What is it they know that we don't?

Try get the latest Edge Magazines and read up.. theres some write up on this issues.
It got something to do with the current zelan main shareholder and MMC Bukhari guy about ctrl rights/plans for Zelan.

Cheers,
v_viper88

How come everybody still talk'n about Zelan... man since it is so damn apparent that it is big time
insider selling.. better get the hell out now.

Yup  y in a hurry to jump into the trap since the big fish has just jumping out?

Remember the case of gamuda? Lim yin Ling sell his gamuda at RM 4.40? How many % gamuda has been sliding down till today? I don mean to say that zelan may slide till 20 sen or whatever....But we at least need some patience first don jump in so fast....If not you are the one who bear the losses...

You miss the 3rd page continuation of the artice?

"Collectively, IJM and the cash constitute nearly half of Zelan's market capitalisation. Stripping these off, KAF Research believes that Zelan's core business is trading on just 5.8x PER on its FY2009 earnings.

The stock also provides a cheaper alternative exposure to IJM given that Zelan is trading on just 10x FY2009 earnings, compared with IJM's 14x. Coupled with its existing dividend payout policy of 50%, which translates to a high 6.8% gross yield at its current share price, the research house believes that the risk to owning Zelan shares has been reduced drastically, especially when its foreign shareholding has declined from 27% to 20% at present.

TA Research has a `buy' call on Zelan with a fair value of RM3.80. It seems that long-term investors could well find Zelan an attractive stock at its current beaten-down valuations."

Very good article written on Zelan business project and its future project in waiting. 

---

Added on November 23, 2008, 9:36 amAlready posted this up here on Friday.

Like Zelan another stock to look is LIONIND, this stocks plunge down very fast/steep recently to about 0.30+ and its very scary eventhough theres 1% dividen annouced.

The way it plunge down very fast shows there not much strong support and its like a free fall unlike Zelan.. fall slowly with support.
My remiser also suggest me to consider picking up this Lionind stock when it drop to bout 0.40 for mid term play but i stay sideline coz the plunge is too fast n i feel there must be something
wrong internally with this counter.

Later when market stable abit and ppl realize there nothing wrong fundamentally with this stocks, they start to pick it up back and the price jump back up close to 0.80! 

Investing in shares could be both in the form of Science and Art.

Share prices could drop like stones, could rock up as gold.

The important thing is whether :-

You see gold in stones ( in bad times )

or You see stones in gold ( in boom times ).
Citi share is dropping like a stone now, it does not mean that it could not become gold later.