BLUE.N - What will be the top ?

taniya1111 · 1 BLUE.N - What will be the top ? Fri Jun 17, 2011 12:59 pm

taniya1111

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BLUE.N is still being bought heavily even at Rs 10.00 ...a real manipulation is going on

Leo_pold · 2 Re: BLUE.N - What will be the top ? Fri Jun 17, 2011 1:51 pm

Leo_pold

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I rather think it's something more than a manipulation. Someone may seriously want to get the control of this company. See, it's only the BLUE.N making most of the move. Just remember, BLUE is one of the most liquid shares in the market, if not the most liquid of all. Know why? Cause almost all the shares are owned by the public, there are not a single major shareholder with more than 10% of shares..

cse.newbie · 3 Re: BLUE.N - What will be the top ? Fri Jun 17, 2011 4:47 pm

cse.newbie

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Leo_pold wrote:I rather think it's something more than a manipulation. Someone may seriously want to get the control of this company. See, it's only the BLUE.N making most of the move. Just remember, BLUE is one of the most liquid shares in the market, if not the most liquid of all. Know why? Cause almost all the shares are owned by the public, there are not a single major shareholder with more than 10% of shares..

check ths guys,
http://forum.srilankaequity.com/t5157-blue-diamonds

econ · 4 Re: BLUE.N - What will be the top ? Fri Jun 17, 2011 6:23 pm

econ

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no official annnoucment yet. I wonder who is buying blue at 10?? he may want juwellary company under his belt. compare to voting shares non voting share price has not up much indicating that some one wants to grab the company ownership.

Prince · 5 Re: BLUE.N - What will be the top ? Fri Jun 17, 2011 6:55 pm

Prince

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BLUE.N will definitely hit Rs 11.00 on Monday morning but for very shorter time period. Because l can remember last year also a BLUE run came and went up to Rs 12.00

Its obvious last year's victims will try to sell their portfolio just after the Rs 11.00

My prediction is that BLUE will stay in 10.00 to 11.00 range for couple of weeks before break in to the 12.00 region.

But mind you there's a big opportunity in BLUE.x which theoretically should reach to half of the price of BLUE.N

so once N reach it's peak which is at 11.00 BLUE.X will pick up the momentum until it reaches 6.00 - 7.00 region.

- Good Luck