I always thought applying for a BTO was hard, until I try IPOs! $6 for 3 tries but did not get any!
On Monday (27th November), MindChamps closes at $0.96 which means it was trading at a PE of 43x! However, the next day, MOE releases a news -
MOE kindergarten kids get priority admission to co-located primary schools from next year which would definitely have an impact on private preschool including MindChamps. Not sure if MOE is trolling or already give face to MindChamps by releasing the news at this time. lol. The price went on to close at $0.915.
Appeal of MOE Kindergartens will shoot up, parents say. Parents simply want the best for their children and this news is a big deal! We decided to put a stop loss at $0.90 and guess what? We got kicked out today with a little bit of profit $104.11 (+2.4%) and an annualized return of +454.5%! So much for holding long term. Hahaha.
Should we chase No Signboard tomorrow? Probably not. Since the public tranche is 268.6 times subscribed, the public demand should be huge! Huat to those that got it!
Even though we did not get any shares from the public tranche, we decided to purchase MindChamps from the market and hold it long term because we believe that parents are willing to spend money on their children to give them the best. So I place an order before the market open at $0.84 but did not get any (not sure why). I continued to chase (kept modifying the order) the price and finally got in at $0.875 for 5000 units. MindChamps went on to close at $0.92!
On Monday (27th November), MindChamps closes at $0.96 which means it was trading at a PE of 43x! However, the next day, MOE releases a news -
MOE kindergarten kids get priority admission to co-located primary schools from next year which would definitely have an impact on private preschool including MindChamps. Not sure if MOE is trolling or already give face to MindChamps by releasing the news at this time. lol. The price went on to close at $0.915.
Appeal of MOE Kindergartens will shoot up, parents say. Parents simply want the best for their children and this news is a big deal! We decided to put a stop loss at $0.90 and guess what? We got kicked out today with a little bit of profit $104.11 (+2.4%) and an annualized return of +454.5%! So much for holding long term. Hahaha.
Should we chase No Signboard tomorrow? Probably not. Since the public tranche is 268.6 times subscribed, the public demand should be huge! Huat to those that got it!
that was quick change in a day.. from LT to ST holding ... haha..
ReplyDeletethats a lot of MacD happy meals. decent profit.
Hahahaha. Never knew you judge your return based on the number of MacD happy meals.
DeleteWow! Congratulations KPO!
ReplyDeleteAnd nice gains you’ve got there HAHA!
$104.11 for 5 days of holding.. like what foolish chameleon said up there.. that’s 4 Fillet meal a day!!
Thanks! I believe this is nothing compared to your cypto gain! 40 fillet meals? lol
DeleteWhat's harder than BTO? IPO.
ReplyDeleteWho you hear from? KPO.
KPO, what about ICO?
(Okay. I trying too hard to makr it rhyme lol)
Woah. I got to applaud you for the effort! Hahaha. ICO too much risk for me. Will lose sleep. The pro is above your post --> sleepydevil
Delete