Two day ceiling!Yahoo!
It doesn’t matter if trader ka or investor. Kapag I say the stock code MM, alam mo ito. Merrymart made their IPO sa PSE. Offering price was Php 1.00.
After nag open sa PSE, the stock went nuts. It went ballistic. Two day ceiling. Sa di nakaka alam ng ceiling thats 50% increase of the stock price.
Let’s take a closer look at what happened noong June 15 which was the day it opened sa market.
As you see Col Financial at Timson were the top buyers. Their average buy was at 1.47 pesos. Ceiling price was at 1.5 that day so medyo malapit soon. Mga retailers na di naka avail sa IPO price yung ngpush ky MM pataas
June 16, 2020
Let’s take a look naman what happened kanina.
As you see top buyer pa rin si Col. Top seller pa rin si PNB but yung top buyer na si Timson naging second-highest seller today
Let’s try to take a minute and dissect the two day trading transaction ng MerryMart.
Looking at the picture. May na notice ba kayong kakaiba?
Wala? Ok look at the picture from june 15 at 16.
Now. Do you see it?Hindi pa rin? Sige let me point it out.
PNB:Underwriter by day. Profit taker by night.
Take a look at this picture.
PNB sold 96M worth of shares. They bought 29M and sold 96M.
That is not a typo.
“Huh?Maam di ka yata marunong mag math eh. 29 is not equal to 66!Duh…”
Well, tama ka. Di nga equal. So, if di equal saan galing shares na binebenta ni PNB?
Balikan natin prospectus.
If you see sa photo yung IPO offered ay nadistribute sa Private which includes Qualified Butyers, Fundies, etc., then sa trading participants (brokers mo)at sa LSI(Local Small Investors).
So in short kahit 29M lang nabili ni PNB ay may hawak ito na ibang shares since distributed yung shares offered ni MM
Maam di ba may lock out rule?Di sila pwede magbenta?
Yes may lock out rule.
Read mo blogs ko about IPO and makikita mo what that rule is. Yung mga included lang sa locked out rule yung naka locked yung shares na hawak.
Yung 70% na nasa Private at yung nasa Trading Participant at Lsi di subjected doon. So they can sell.
Seeing 29M lang binili ni PNB at ngbenta siya 66M meaning my shares siya na benenta outside doon sa nabili niya at after IPO.
How did you earn 5M?
I did not. I just tried doing clickbait titles like a lot of gurus out there. My purpose yun. Here it is.
Let us look at MM sa chart.
Day trading set up is alma at 1-15 min tf. Lets look at 1-15 min TF
As you see walang good entry points sa gamit ko na strategy. So, what did I do? I TOOK A PASS.
That’s right. I did not trade MM. I did not gain that whooping 100% but its fine. I’ve been trading for a while na and over the course of my trading journey, I missed a lot of trades but as long as I stick sa systems ko all is fine.
I will never take a chance if hindi pasok sa strategy or system ko. That’s one lesson na I learned the hard way a long time ago.
Sa TL Family ko please stick to your system/strategy. It will save and protect you.