TOMORROW is the REEF day

ruwa925 · 1 REEF volcano is active Thu Jan 27, 2011 6:26 pm

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REEF bus will touch 120 soon then the stops r 150 and 200

ruwa925 · 2 TOMORROW is the REEF day Thu Jan 27, 2011 11:54 pm

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Hi guys be happy with REEF 2moro

Quibit · 3 Re: TOMORROW is the REEF day Fri Jan 28, 2011 5:32 am

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Dear ruwa925

We have merged the two topics you have created since both belongs to the same subject. Appreciate if you could follow the same thread instead creating additional posts.

Hope REEF will do well tommoro.

Quibi

tubal · 4 Re: TOMORROW is the REEF day Fri Jan 28, 2011 6:35 am

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All the best to everyone buying a share trading at a trailing of PE 3550 and projected to make a loss loss for the current financial year.

monash · 5 Re: TOMORROW is the REEF day Fri Jan 28, 2011 8:05 am

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@ ruwa925

On which basis you telling reef will touch 120, 150?
Because of directors purchases?
I highly doubted it will go those levels soon.. because Reef already appreciated nearly 50% from last dec. trading price.. It's currently trading @ it's peak..

mono · 6 Re: TOMORROW is the REEF day Fri Jan 28, 2011 8:47 am

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monash wrote:@ ruwa925

On which basis you telling reef will touch 120, 150?
Because of directors purchases?
I highly doubted it will go those levels soon.. because Reef already appreciated nearly 50% from last dec. trading price.. It's currently trading @ it's peak..

it will go to 120 or even 150, considering this is one of the shares that seem to have some help from above

maalinda · 7 Re: TOMORROW is the REEF day Fri Jan 28, 2011 10:28 am

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Yes it seems to be that SOME PARTY is pushing N share and selling warrants with a good capital gain.
for me that mandatory offer is a trick.. as now it work as a huge support to N.

see the massive selling pressure on warrants and they wont move much as huge sellers coming. Be very careful with this.

there is no way this share worth this much..

Some big people are playing a nice game. we all know who are behind this Very Happy

mono · 8 Re: TOMORROW is the REEF day Fri Jan 28, 2011 10:30 am

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maalinda wrote:Yes it seems to be that SOME PARTY is pushing N share and selling warrants with a good capital gain.
for me that mandatory offer is a trick.. as now it work as a huge support to N.

see the massive selling pressure on warrants and they wont move much as huge sellers coming. Be very careful with this.

there is no way this share worth this much..

Some big people are playing a nice game. we all know who are behind this

as hasi put it. how can a dingy hotel worth 120mn be evaluated at 6.6bn

Chinwi · 9 REEFing Fri Jan 28, 2011 7:44 pm

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It is very clear and established that REEF is being taken to a place unknown to us by some new kind of players entered in to the arena.

It is a new kind of innovative 'investment' for them, giving unusually high price to the share with the hope of getting back a huge return from millions of warrants they got at zero cost. I think they learnt it from GREG.

If we are smarter than them we can use this situation to earn some money. For me I think the better way to avoid it altogether , deal with other shares with much peace of mind.

As you said they may pull the joystick further to climb to 120 and then to clear flight level 150.

It is the duty of investing public to understand what is happening.

tubal · 10 Re: TOMORROW is the REEF day Fri Jan 28, 2011 9:15 pm

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Well said Chinwi. Someone is inevitably going to be left holding the bag (or the baby depending on how you look at it). That person or person usually is a small time investor. Big boys know exactly when to pass the buck.

One thing that many people at investnow forgot is that every time you buy a share, thinking the price will go up, someone else is selling thinking the price will go down.

monash · 11 Re: TOMORROW is the REEF day Fri Jan 28, 2011 11:54 pm

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This is interesting.. I saw Directors purchasing a considerable amount on last few days.. Today 28th another purchase by reef director, 1000 shares @ 98.90..
Today it touch 100 but closed @ 96.30..
Yes Mono directors trying so hard to convince retailers to push the price up..
I feel something going to happen on next week.. The warrant also will be release from price band on 1st feb.. Cool

I also managed to collect some today @ 94 level assuming it will go up.. Wink

http://www.cse.lk/cmt/upload_cse_announcements/461296214493_.pdf
http://www.cse.lk/cmt/upload_cse_announcements/6831296128842_.pdf
http://www.cse.lk/cmt/upload_cse_announcements/6561295954878_.pdf

Slstock · 12 Re: TOMORROW is the REEF day Sat Jan 29, 2011 1:36 am

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Guys remember that reef.w19 is under price band. So until feb 1st this share migth not move heavily.
Due to higher forces behind this share it can go up higher. But you are playing with fire. So be careful what you do. This is a share not so long ago traded at Rs 4 ( Rs 40 with consolidation now) and we were discussing it potential with reservation even at that time.

I understand there is a new management with new expansion and hope, but until we see a glimpse of that in financial actions and returns I would be careful going with this as a medium to long term hold. Having said that share price going up due to others forces may happen, but if you are new comer and not experienced don;t burn your hand as their are many other fundamental shares up for picking. It can give a good profit or it can burn you so bad. Elements of speculation is at work. If you are sofisticated it you call but you be careful