Trading in a rigged market is never easy unless you know the how the game is operated. It took me some years before I fully understand why all markets are rigged and why there is no way that the public can be a constant winner. He may be winning a few times but the one last time when he puts everything onto the line, that's where the pitfall commence. In my preview tomorrow, I strongly encourage you to speak to me if you are interested to know about rigging. Look at this tiger air article on July 20th 2011, if you still doubt the power of the BBs, think twice and ask yourself how many times you were burned?
http://stockmarketmindgames.blogspot.sg/2011/07/tigerair-questioned.html
Source: http://www.sgx.com/
20 July 2011
Angela Chan Mui Chin
Company Secretary
Tiger Airways Holdings Ltd
50 Raffles Place
#32-01 Singapore Land Tower
Singapore 048623
Dear Madam
QUERY REGARDING TRADING ACTIVITY
We have noted, and draw to your attention, a substantial increase in the price of your shares today.
To ensure a fair, orderly and transparent market, please answer each of the following:
Question 1: Are you aware of any information not previously announced concerning you (the issuer),
your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Question 2: Are you aware of any other possible explanation for the trading?
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading.
Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately.
Thank you for your cooperation.
We have released this letter via SGXNET.
Yours faithfully
Kelvin Koh
Vice President
Head, Market Surveillance
Risk Management & Regulation
Notes:
1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of
its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer’s securities,
or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703).
2. An issuer must undertake a review to determine the causes of any unusual
trading activity (paragraph 20 of Appendix 7.1).
3. An announcement should, among other things, state whether the issuer or any of its
directors are aware of the reasons for the unusual trading activity and whether there
is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1).
4. Your responsibility under listing rules is not confined to, or necessarily satisfied by,
answering the questions in this letter.
Ronald K - Market Psychologist - The Big Speculator
