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Sri Lanka Equity Forum » Stock Market Talk » KZOO game over for speculators

KZOO game over for speculators

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1KZOO game over for speculators  Empty KZOO game over for speculators on Wed Jul 20, 2016 8:16 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Kalamazoo price tied !


Renuka Holdings bought 70% of KZOO @ 1,428/- per share investing 50 million .

They will issue all buy notice @ 1,458/- .

Price dropped from  2200 to 1458/- due to this deal.


Last year, On 10th Sep 2015 Nimal Perera bought it @ 1067/-
Today, after 10 months he sold his stake with a profit of 391 per share.

Speculators and share vultures used both occasions to expedite their culture , fooled many and robbed money.

In 2015 days before the deal they pushed it towards 4400/- by creating false news.
Then, it dropped by 2000 Rupees, post deal.

This time also they started spreading false news and talked about a 3,500 deal but were able to push only by 400 rupees and all of sudden the crossing has happened.

2KZOO game over for speculators  Empty Re: KZOO game over for speculators on Wed Jul 20, 2016 10:01 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Good lesson.if we buy purely on news then damage is more and if it is promoted then damage is much more.

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