There is nothing wrong in BLTA case. If you 'lost' so please
don't blame the others because you already bought the stock. 
If you don't believe in then you don't have to buy in the 
first place and seek anyone else to blame. Just take it or 
leave it.

Yours is a very bad attitude. You said you want to wait for one 
week and how can you dictate the market? You still have potential
gain in a week or so. I think you are not supposed to be a winner 
but a looser investor already. If you intend to invest on stocks
then you should aware of the losses. YOU are indeed quite 
embarrassing.

..

Michael Susanto wrote:
> 
> >From:
> 
> I wrote this letter because I suspect there is something against 
> the law regarding the IPO of Berlian Laju Tanker (BLTA) recently.
> 
> I myself, bought this share at IDR 2,075 in JSX before IPO as I 
> thought the company has a good fundamental and it's the first time 
> an Indonesian company floats its shares in Singapore Stock Exchange 
> (SGX).
> 
> So I am confident that the shares would gain on its trading debut.
> 
> As you all know, the shares lost its value until it reached  
> IDR 1,810 before closing at IDR 1,850 .
> 
> I believe many retail investorsexperience this huge loss because of 
> BLTA IPO.
> 
> Based on the movements of BLTA share price before IPO which went 
> down from its high of IDR 2,175 and then fell to 2,050 before JSX 
> market closed for Hari Raya, I believe there is unequal distribution 
> of information of its low IPO price in SGX which prompted these 
> people with unfair information sold or short sell BLTA shares
> in JSX before listing in SGX.
> 
> I strongly suggest that the Authorities in JSX, Bapepam, SGX, and
> MAS investigate this matter for any alleged insider trading.
> 
> I have only one hope that BLTA share price to come back at  
> IDR 2,175 within one week (latest by Friday 10 November 2006) 
> otherwise this matter will be brought to the attention JSX,
> Bapepam, SGX, MAS, and as well as Singapore Crime Affair 
> Deparment (CAD) to conduct a raid on PT. Berlian Laju Tankers and 
> its global underwriters.
> 
> As this case is a disgrace to the whole country of Indonesia, that
> a company wants to do dual listing only to rip off its investors
> (minority shareholders) while others with insider information
> pocketed all the money lost by the retail investors.
> 
> This embarrassing case will serve as a bad precedence for other 
> good companies in Indonesia to list its shares in international
> exchange markets.




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