Reliance Genemedix Share Discussion Threads

[m_p_h] 24/7/2002 15:32

I love this stock, any buys and nothing happens, but if the MM's get a whiff of a sell they drop the Bid its a shorters dream. Quick someone ring a MM and ask him for price on a 50k sell, that should drop it another few points!!

[dodddy] 24/7/2002 15:18

normal service resumed and on its way to 7p available from all good shorting outlets :)

[dodddy] 24/7/2002 15:18

normal service resumed and on its way to 7p available from all good shorting outlets :)

[m.t.glass] 02/7/2002 09:47

Deal not that special but enough I guess to prompt some closing of short positions (mine included for now) and lure some excited buyers in. The news has still to fully circulate so I guess there'll be a 'mexican wave' effect still to come today.

Pic - most of my shorting is via spreadbets with Cantorindex.com. (0.5p added spread on sub-50p quarterlies)

[picaroon] 02/7/2002 09:36

They may rebound but they are all still over-valued. The latest deal announced by GMX doesn't look very exciting but we've had the usual positive reaction to any kind of news.

I'm short of GMX through CFDs. How do you short AIM stocks? Which broker do you use?

[m.t.glass] 01/7/2002 22:52

All three of Kim Tan's companies have taken an almighty pounding in this past 3 weeks. Far more so than the sector as a whole.

KSB - fell 30% on 11 June and another 51% since then.
GMX - fell 26% on 28 June and 46% in June as a whole.
TXN - fell 35% Fri/Mon (28 Jun - 1 July)

All three have badly underperformed the sector for at least a year.

Whatever's going on is hardly explained away by today's reassurances on GMX.

Dr.Tan is a founder & non-exec chairman at GMX, also non-exec chairman at TXN, and is founder & an exec director at KSB. Maybe he's not the only common link, but he seems to be the best known one. For all I know he may be a splendid fellow. Are the bigger than normal falls all down to the three companies being overhyped to any greater degree than their peers in the first place, thanks to hero-worship of Dr.Tan in tipsheets & mags?

All 3 companies look to have some wonderfully promising prospects - but on extrapolation of recent charts all 3 look like hitting the floor before they get there. That's no skin off my nose - I'm happy to short them for as long as they keep tumbling. But are all three destined to fall into the realm of sub-10p penny shares just like that? Or are they about to rebound into the late-2002 bio/pharm upsurge being hyped/touted by certain fund managers?

[dodddy] 01/7/2002 20:26

they also forgot to add that its still way overvalued :)

[m.t.glass] 01/7/2002 18:18

Two statements issued today - one from the company and one from Kim Tan, refuting rumours that he might be selling GMX shares. (but nothing about Tranxenogen (TXN) which plunged today).

Don't worry Mr Tan... lots of us are watching every trade in all three companies.

[m.t.glass] 01/7/2002 18:16

Two statements issued today - one from Kim Tan and one from the company, refuting rumours that he might be selling shares in GMX.

[goodfella] 01/7/2002 09:00

Added to DROP thread

[goodfella] 30/6/2002 18:24

MT Glass

I ll let you in on the next big faller, it may take some time till the numbnuts in the City wake up to the balance sheet but CPI is going to trade under 100p eventually.

Trading at 3 times sales and a big minus in the Shareholder Equity column this baby is valued at over £2 billion.

Should be more like 25% of that and that is being generous........another Xansa in the making.

[m.t.glass] 29/6/2002 12:33

Yep. Whenever I go looking for an existing thread to add something about some eminently shortable stock that's started moving down again.. I find goodfella got there 1-2 years ahead of everyone :o)

[eric bristow] 28/6/2002 23:54

See the Hyenas are picking over the bones of this poor runt, the lions are stalking bigger fish (CAT fish in fact) ;)

EB

[antonios] 28/6/2002 22:18

My first visit to this thread---GOODFELLA is the man, and he doesn`t even say "I told you so"

[m.t.glass] 28/6/2002 14:41

Kim Tan's other company TXN now following suit.. another one analysts need to belatedly take a proper look at and downgrade sharply.

[picaroon] 28/6/2002 14:25

I agree 5p would be fair value.

Short since 50p

[dodddy] 28/6/2002 14:10

>bullie, lmao yes sold a while ago mm's all ran, 5p here we come

[m.t.glass] 28/6/2002 14:07

Lost a fifth of its value this morning already. Way to go yet. This fall obviously triggered by yesterday's going's-on at KSB, but if analysts are prompted to take a closer look and notice it's built on sand, this could go to under under 5p.

[dodddy] 28/6/2002 14:06

im back :) and im short

[dailos] 28/6/2002 14:04

Tomj
Do you realise you have just shown everybody my entire portfolio? some wires crossed somewhere?.
You'll be hearing from my lawyer shortly:-)

[tomj] 28/6/2002 14:02

hotei, its up to date but it wont remove old co's.......

erm, but try using filter x in funamentals to screen your potential short targets......or long!

There's a ton of cool info in the toplists pages all waiting for you to plunder ;-)

T.

[hotei] 28/6/2002 13:56

Tom - interesting list. How up to date is the information. For example, I see Expocentric on there, but it hasn't been around now for several months !