RADIANT GEMS INTERNATIONAL PLC (RGEM.N0000)

Please re visit my prediction on monday.
Will it be RGEM rally after REG?
Will it hit 250 or go further today?

Yes. I agree with you.

dindon1 wrote:Please re visit my prediction on monday.
Will it be RGEM rally after REG?
Will it hit 250 or go further today?

If it is happen today,,, U are great..
only big gun say this type of saying...
But if the prediction not successful...
Then ? I say the things after 2.30....

Its comi down??????????????????

If RGEM hits 250 today, I will sell my total PF and give up on investing

What Makes you say that ??

Whats your basis and besides its trading at like 180-190

Firstly from Rs180 to Rs250 is a Rs70 leap = 38.8% for a stock to move by such a great percentage needs a significant reason. The only reason that RGEM has "run" over the last few weeks was because of manipulation, now those who set it up have made their money and only gamblers will buy. Have you looked at the price trend?

Second, if you bothered to read the last set of accounts that have been published for the quarter ended 30 June 2012 here:

http://cse.lk/cmt/upload_report_file/770_1314610788450.06.11.pdf

you will notice that the company reported a net loss of 29 cents a share. This is a company that made a grand total of 96 cents a share for the full year ended 31 March 2011. So to even match last years performance the company will need to make a profit of Rs1.25 per share in the next three quarters. For arguments sake lets say they did that, then the company would be trading at 250 times earnings. Now unless they have found a large deposit of very valuable gems under the head office building or worked out how to convert gal banis into rubies, you can't justify that level of valuation.

Actually if RGEM hits 250, I will shave the little hair I have on my head and take a picture to use as my icon so that everyone can see what I look like.

I have tried to upload the 12 months price chart of RGEM with the volumes but due to my lack of technical skills have failed. If someone can do that for this topic it would be great. A picture paints a story much better than words. Also if someone can tell me how to upload a chart, it would be much appreciated.

kiwi wrote:Firstly from Rs180 to Rs250 is a Rs70 leap = 38.8% for a stock to move by such a great percentage needs a significant reason. The only reason that RGEM has "run" over the last few weeks was because of manipulation, now those who set it up have made their money and only gamblers will buy. Have you looked at the price trend?

Second, if you bothered to read the last set of accounts that have been published for the quarter ended 30 June 2012 here:

http://cse.lk/cmt/upload_report_file/770_1314610788450.06.11.pdf

you will notice that the company reported a net loss of 29 cents a share. This is a company that made a grand total of 96 cents a share for the full year ended 31 March 2011. So to even match last years performance the company will need to make a profit of Rs1.25 per share in the next three quarters. For arguments sake lets say they did that, then the company would be trading at 250 times earnings. Now unless they have found a large deposit of very valuable gems under the head office building or worked out how to convert gal banis into rubies, you can't justify that level of valuation.

Actually if RGEM hits 250, I will shave the little hair I have on my head and take a picture to use as my icon so that everyone can see what I look like.

If your facts are some thing to consider how did that share reached 240 just two days ago???
Answer me..
Do you say all the people who spent millions of their money and bought those shares are idiots??
I am pretty much sure that you might have bought some too and sold by now and thinking of buying more onece it has come down further.,

Yes

Yes, will hit 150, now 184

bakapandithaya wrote:Yes, will hit 150, now 184

Here we go again guys it has reached 186,188 and now 190

I have got the razor and camera ready....

kiwi wrote:I have got the razor and camera ready....

its 195 now

Its 189 now

185 now, so putting the razor and camera away for the moment while the RGEM believers find more money to buy these shares at the "bargain" price of 185 or some of the forum members gather enough money to see me exit the market.

Lesson for the day is that what the company does, how much it earns or how much it owns means nothing and has no impact on its share price/value. The only way to value a share is to see what the highest price it has reached in the past. If a share got to Rs 500 and then it falls to Rs250, then you need to buy those shares no matter how well or not the company is doing. As someday the share will get to Rs 500 or more.

I must stop wasting time reading financial statements, all I have to do is to look for the all time high and find those that have dropped the most from that high price. Much easier.

dindon1 wrote:If your facts are some thing to consider how did that share reached 240 just two days ago???
Answer me..
Do you say all the people who spent millions of their money and bought those shares are idiots??
I am pretty much sure that you might have bought some too and sold by now and thinking of buying more onece it has come down further.,

For your first Question : The share reached 240 due to Idiots like you...

For your second Question : I say YES ..all who bought RGEM are not just Idiots but Great Idiots (each of them tried of finding a bigger fool & never thought of it real value)

For your third Question: Today I feel I should have bought it when it was @ 88/- few weeks ago If I knew there are so much so Idiots waiting to buy it @ above 200/-

GOD Bless you.....! & pleas keep buying CRAP at this High levels in future too....then day by day 1 idiot per day will vanish from CSE ....

dindon1 wrote:

bakapandithaya wrote:Yes, will hit 150, now 184

Here we go again guys it has reached 186,188 and now 190

again 185 bro

RIO wrote:

dindon1 wrote:If your facts are some thing to consider how did that share reached 240 just two days ago???
Answer me..
Do you say all the people who spent millions of their money and bought those shares are idiots??
I am pretty much sure that you might have bought some too and sold by now and thinking of buying more onece it has come down further.,

For your first Question : The share reached 240 due to Idiots like you...

For your second Question : I say YES ..all who bought RGEM are not just Idiots but Great Idiots (each of them tried of finding a bigger fool & never thought of it real value)

For your third Question: Today I feel I should have bought it when it was @ 88/- few weeks ago If I knew there are so much so Idiots waiting to buy it @ above 200/-

GOD Bless you.....! & pleas keep buying CRAP at this High levels in future too....then day by day 1 idiot per day will vanish from CSE ....

Dear RIO...
He has another 1.5 hours more... let him to be here..Otherwise he log off...
will see what he will say... nice to hear his voice at 2.31pm

@kiwi and @rio has given the best possible replies to this post and i don't want to be too harsh since @dindon seem to have chased "magic" returns and lost a lot (http://forum.srilankaequity.com/t10177-what-the-hell#68484)
-sad that people don't learn from the past-
the username dindon is similar to the word ding dong, this post and the "magic" prediction was a total ding dong.
please see definition number 4 at the following link
http://www.urbandictionary.com/define.php?term=ding%20dong
as in- you ding dong what the hell were you thinking buying RGEM above 150?

too bad @kiwi's pf liquidation would have been something to look forward to.
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RGEM will it hit 250 or more today...
This is your topic...

You are a mad man who think only one share and praying to up RGEM...
You dont know this was 80-90 level last month?...
anyway surely u can lose what u have in CSE...

For your second Question : I say YES ..all who bought RGEM are not just Idiots but Great Idiots (each of them tried of finding a bigger fool & never thought of it real value)

what abt ppl who gained from RGEM ? still u called them bigger fools ?? lol.. dude u dont make sense.. i mean at all !

im just tryin to bug u ! no hard feelings..

RGEM will it hit 250 or more today

i mean! y ppl bother so much to reply for a such a stupid posts ?? thats da question I have.. U guys can ask then y did u comment !! answer is ... im bit bored today..

@Innam : i dont think u were the same guy who used to post on investnow.lk those days.. Com`n!!! replyin for this?? u had a better attitude than this..

Think9 wrote:
what abt ppl who gained from RGEM ? still u called them bigger fools ?? lol.. dude u dont make sense.. i mean at all !

im just tryin to bug u ! no hard feelings..

For the guys who made gains.....Yes I still call them "Lucky Fools" as they had a great escaped which they ll be caught one day ( once they used to make gains like this they ll try it again & again for sure)

For the guys who made gains.....Yes I still call them "Lucky Fools" as they had a great escaped which they ll be caught one day ( once they used to make gains like this they ll try it again & again for sure) Very Happy

lol.. u rock man.. its nice to have some bad tempered ppl here.. if not this forum wil die with boredom .

For us to see the Irony of this post, I mean how this would go, I'll keep this as it is...

gosh.. I wish I knew CSE has so much of dumb money to waste.. well Time to time we find posts like this
So the more post we have, its guaranteed the dumb money is getting off little by little..

My sympathies for the losses anyways..

Pls use ur mind do not get into this now .... risky ....

Dindon Please don't make random comments just to feel good. By doing it you hurt investors who are new to the market as they have no direction.

If you are writing it atleast state why you made the assumption/statement

srilankanmarket
If you really do know a share thats going to do well (good) ... I'm willing to give you 10% of whatever profit I make.. And I'm serious.. Need a good basis for recommendation, no Fake stuff... When I say 10 % you could be doing pretty well within 20-30 Trades Very Happy

u sure ??

Oh Yes Think9

Please PM me I'll Give you a small amount to start with. Prove yourself and you'll see alot more IA.

My target is >100
See trading volume. Around 80000,so with history this will pass 100 easily.