Better take your lesson on MEDC in the past - remind that so volatile or
fluctuate (i.e.spikes) - when they were going to present such IPOs...

Regards,

Aria


> Yup, Singaporean style.
>   ----- Original Message -----
>   From: Oskar Syahbana
>   To: [email protected]
>   Sent: Tuesday, November 07, 2006 9:20 AM
>   Subject: Re: [saham] FW: BLTA malu - malu in
>
>
>   Excellent English and right to the point!
>
>   Bravo!
>
>
>   On 11/6/06, Newsmaster <[EMAIL PROTECTED]> wrote:
>     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.
>
>
>
>
>
>
>   --
>   Oskar Syahbana
>   http://permagnus.com/ -- A Financial site with a human touch
>   Please send private messages to iservasia[at]gmail.com



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