GREY:SGGDF - Post by User
Comment by
RJ18on Aug 19, 2009 6:02pm
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Post# 16232503
RE: RE: Maybe soon
RE: RE: Maybe soonWhat I hear is NOT from the field. I do hear things from time to time, but usually mineral/oil/gas field chatter is 2nd & 3rd hand.
I also have friends in trading houses and some are fund managers.
It is known that penny stocks are seldom accumulated by funds. All have their rules with most looking at $1, $2 or higher before commiting and buying. Some of the people I know cover funds in all ranges from penny pure speculation to probable growth in the $$$ range.
With that said, here's what I was told by 2 people. They are the fund managers, but have to live by the rules. The "higher-ups" in their investment group have been watching SGX for some time now. Individually, they like what they see and hear as potential and have bought for themselves - but not the funds they manage. The word they are getting from the decision makers is to get ready for a potential buying program pending results coming in the near term. Keep their fingers on the trigger to start at a moment's notice.
Keep in mind that if these guys start buying, they will buy, sit on bids and manipulate like they all do. It's what they do. But the fact is, they have been given the ready-set -???? scenario.
Hope this helps. I've been here before and it has been a great help. Like them, I have been slowly accumulating for my accounts. When (and if) they start, I will be done. Let them drive it.
Of course, sometimes it all falls through, but I'm listening here.