PC House selling pressure.

keeper · 1 PC House selling pressure. Fri Jan 10, 2014 6:24 pm

keeper

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Some party is selling that shares continuously, I bought huge quantity at 0.60... ,
Do you know any news about that transaction?

Jiggysaurus · 2 Re: PC House selling pressure. Fri Jan 10, 2014 7:11 pm

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keeper wrote:Some party is selling that shares continuously, I bought huge quantity at 0.60... ,
Do you know any news about that transaction?

there is no some party, Rishan is still covering his margin debts.

Gaja · 3 Re: PC House selling pressure. Fri Jan 10, 2014 7:13 pm

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http://www.cse.lk/cmt/upload_cse_announcements/3471389353443_.pdf

As per the announcement it was published on 20th dec 2013, and now only notified by the company to CSE - didn't the related parties sold there shares after 20th dec 2013?

Jiggysaurus · 4 Re: PC House selling pressure. Fri Jan 10, 2014 7:15 pm

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Looks like Rishan has kept the polla for his suppliers as well

http://www.cse.lk/cmt/upload_cse_announcements/3471389353443_.pdf

Antonym · 5 Re: PC House selling pressure. Fri Jan 10, 2014 7:17 pm

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keeper wrote:Some party is selling that shares continuously, I bought huge quantity at 0.60... ,
Do you know any news about that transaction?

KYE Systems Corp of Taiwan has filed a legal application, in the Western Province High Court, for winding up PC House PLC. The notice was published in newspapers on Dec 20. The selling could be by panicky investors looking to exit before the sh!t hits the fan.
http://www.cse.lk/cmt/upload_cse_announcements/3471389353443_.pdf

keeper · 6 PC house plc and investors Sun Jan 12, 2014 7:57 pm

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What do you think about PC house future...IPO price was Rs11.00,After 3 years RS 0.50,
Rishan gave good return to investors....

Gaja · 7 Re: PC House selling pressure. Sun Jan 12, 2014 8:59 pm

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keeper wrote:What do you think about PC house future...IPO price was Rs11.00,After 3 years RS 0.50,
Rishan gave good return to investors....

If you don't mind nay i know on what basis u bought huge quantities at cents 60?

If some news come you can make even 100% profit or u might ended up ur investment wiped off as well friend.

Fresher · 8 Re: PC House selling pressure. Sun Jan 12, 2014 9:39 pm

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Trading on speculation might not be good for everyone. Some get in and out at the right times and if you are not careful you will suffer. As for PCH, the flag was raised on the forum long time ago. There were some some leading indicators to expect this situation and it was the time to have got out for an investor. Unless a miracle happens, there is absolutely no hope for this company IMHO

smallville · 9 Re: PC House selling pressure. Sun Jan 12, 2014 10:26 pm

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KYC is the company behind Genius products. It mostly manufactures Computer Peripherals: keyboards, mice, etc.. And is the supplier of goods for companies such as HP.
Soo looks like Mr. Rishan has defaulted payments to them.

I think u bought PCH @ 0.60 when this was trading at 0.70 and 0.80 with lot of patience.. I also did the same and thought some collection is happening @ 0.60 and put a GTC order and waited.. It got filled on 2nd day as I could remember.

The difference is; I try these kinda risky games with small qtys.. So I bought only 2000 shares just to see whats happening.. Now when I saw it going at 0.50, and not much ask was there, I smelled a rat and put a sell @ 0.60.. At the end of the day, all gone. My loss is peanuts..

I remember Dr. Senthil buying a lot at 1 or so.. Well its his nature buying these kinda companies I think Wink

keeper · 10 Re: PC House selling pressure. Sun Jan 12, 2014 10:35 pm

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Thanks all of you for your valuable advice..When CIFL at Rs0.60, I bought huge quantity and i sold at Rs 1.10...,I thought same view about PC house...

smallville · 11 Re: PC House selling pressure. Mon Jan 13, 2014 10:03 am

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keeper wrote:Thanks all of you for your valuable advice..When CIFL at Rs0.60, I bought huge quantity and i sold at Rs 1.10...,I thought same view about PC house...

At least it will cut out ur losses in PCH (if it goes down), I actually done wanna see it going at 0.50 but when the pressure comes, ppl will exit. That's the reality..