If we analyze the price behavior of TMC Life, we may notice one thing, when the public begin to chase, they (the big boys) start to distribute some of their shares to press it down so they can collect again when small retailers exit with a loss. In the end, the price of TMC Life ended up higher and higher. I think "Buy low, Sell high" strategy may work in this type of counter.
I got some at 42 sen and still holding, may intend to grab some again if can come to 37 sen. Keep collecting. We should collect when volume is low, not when volume is high. I intended to play for contra when i bought at 42 sen, 46 sen clearly is the resistance as the chart shows, but i changed my mind, i want to collect more ticket as possible for this counter, i am collecting each time price low enough. PL and VT hold almost 70% in total. Tan Sri Quek is accumulating in the open market. Vincent Tan continues to be the second biggest shareholder in TMC Life Sciences with a 32.27% stake, while he is the single largest shareholder in Stemlife Bhd with a 12.12% stake.
I think Vincent Tan will keep accumulating Stem Life shares, when prices are low, can collect more. Those 30 largest shareholders don't care much when price is down, what they want is "ownership" of a company. Prices can move up and down, it is about ownership and dividend collecting they want. Peter Lim n Vincent Tan both have very close holding in TMCLife 32.x%. I guess both keep
Buying the shares because want to control the company. After reviewed the recent few financial reports, most of the profit were coming from disposal of asset. The current PE is 28, but if deduct the disposal income, the PE almost closing to 90. It is better to avoid this counter for short term trader unless u arr looking for long term investment. Another view point is they start to restructure d unprofitable business. this made d group thinner to manage. Only rubbish counters can produce extreme profit when they become gold. The tough part is how to identify which rubbish counters can become gold in the future, so I am learning from everyone.
Saturday, August 3, 2013
