TWOD starts at 4.00

Redbulls · 1 TWOD starts at 4.00 Tue Oct 01, 2013 9:34 am

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Seems to be very interesting day for many suckers.

Last edited by Redbulls on Tue Oct 01, 2013 9:59 am; edited 1 time in total

sandunj · 2 Re: TWOD starts at 4.00 Tue Oct 01, 2013 9:36 am

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what is going @ 3.90?

Harry82 · 3 Re: TWOD starts at 4.00 Tue Oct 01, 2013 9:38 am

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* Action filed by defrauded customer is in addition to winding up application before Court

* Assets of the company currently at great risk

Slstock · 4 Re: TWOD starts at 4.00 Tue Oct 01, 2013 10:38 am

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When a share goes up from Rs 1.9 to Rs 5 in few days , over an MP appoitnment and promises from a new chairman it will hit Rs xx , and then it drops from Rs 5.6 to Rs 4 in a day we know there is something wrong .

Call it what you may , what is not right is not right.

As I mentioned I stopped trading this share even if I saw lucrative opportunities to make a killing via trading. I did it due to a principle.
When you buy a share and if you are sure the company is strong and will survive for many years, you don;t feel bad in passing it even at the top to another ( sucker) . Why because some day it may recover to that price and above.

But what is the gurantee with shares like TWOD who has made paupers out of "investors" ( shareholders and buying plots ) . Actually it is their fault for not knowing what they are investing but you can't help but feel sorry as humans.

Don; confuse, I am not asking anyone not to trade as it ones own money. It is your gain and it is your loss. It is also your principle.

One thing, there is an order for 1.5 milion shares at Rs 3.9 right. ( 10.30am on Tuesday)

What will happen if that order goes away? Your guess is good as mine

hariesha · 5 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:09 am

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Something wrong in systems. Some trades takes place breaching price bands. Which means there are terminals that can operate without Price Bands.

Panic Machines.

Slstock · 6 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:13 am

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Or is it that "they" make exemptions for certain shares to trade above their price band. We seen this before.

hariesha wrote:Something wrong in systems. Some trades takes place breaching price bands. Which means there are terminals that can operate without Price Bands.

Panic Machines.

Gaja · 7 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:16 am

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Now at 3.00

Market.Player · 8 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:18 am

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Yes , Some one is trading out of price band.
See the trades at rs.3.00.
We cant put orders below 3.90.
But see the last trades. Some one is trading at Rs.3.00.
How this happened...?
Miracle CSE*****

Slstock · 9 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:19 am

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slstock wrote:
One thing, there is an order for 1.5 milion shares at Rs 3.9 right. ( 10.30am on Tuesday)

What will happen if that order goes away? Your guess is good as mine

Okay it went away. Now it hit Rs 3.1 . Noe again at Rs 3.6

This pure gambling behavior Evil or Very Mad

Market.Player · 10 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:22 am

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looks like price band lifted now.

Market.Player · 11 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:49 am

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Massive drops now at Rs.2.90.

The SEC in its motion has inter-alia informed court on the steps it has taken in connection to Touchwood Investments and the motion will be supported on October 3, 2013, the same day the winding up petition will be taken up for hearing.

dhanurrox · 12 Re: TWOD starts at 4.00 Tue Oct 01, 2013 11:50 am

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TWOOD making some forum members go from hero to zero

ranga · 13 Re: TWOD starts at 4.00 Tue Oct 01, 2013 12:10 pm

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http://www.cse.lk/cmt/upload_cse_announcements/4971380607569_.pdf

Jana1 · 14 Re: TWOD starts at 4.00 Tue Oct 01, 2013 2:27 pm

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The guy who bought/pushed up had burnt his finger...Nice to hear unless sum further news come out... Smile

Jana1 · 15 Re: TWOD starts at 4.00 Tue Oct 01, 2013 4:05 pm

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dhanurrox wrote: TWOOD making some forum members go from hero to zero

I dont think so... Heros never too greedy to buy TWOD... Smile

They r smarter than u thk..

sriranga · 16 D_uminda drama drags Touchwood down by 43% Wed Oct 02, 2013 2:09 am

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Troubled Touchwood Investments Plc’s (TWOD) share price dipped by 43% yesterday with some linking it to investors losing heart over the resignation of MP D_uminda Silva from the Board of Directors.

Returning to the league of top losers, TWOD saw 21 million of its shares change hands via 2,395 trades for Rs. 75 million. It hit an intra-day low of Rs. 2.90 before closing at Rs. 3.10, down by 39.2% from Monday.

Confirming the Daily FT expose, the company formally announced yesterday that D_uminda Silva has resigned as Non Executive Independent Director, barely a week after he was appointed. News of his original appointment last week boosted TWOD’s share price 72%.

Most analysts linked TWOD’s dip yesterday to investors losing confidence over a revival of the Company which is facing multiple litigation as well as customer wrath over default. Others linked it to overall eroding confidence whilst Softlogic Stockbrokers pinned it to heavy selling pressure due to profit taking.

TWOD’s share price plunged to an all time low of 90 cents a few weeks ago but peaked to a high of Rs. 6 on Monday. From its 2012 closing the stock is down by 50%.

Applications for winding up as well as appointment of provisional liquidator are coming up in Court tomorrow whilst the Securities and Exchange Commission is persisting with its full scale investigations into the affairs of TWOD.

However, the newly-constituted Chairman and Board of Directors have reassured customers and shareholders of efforts to revive the company with promised infusion of capital and restructuring.
http://www.ft.lk/2013/10/02/deleted-drama-drags-touchwood-down-by-43/