Singaporeans are as addicted to SIA shares as they are to bubble tea.

Singaporeans are as addicted to SIA shares as they are to bubble tea.

Discarded(hwz) said:https://forums.hardwarezone.com.sg/stock...t127565537

LOL. American airlines were up 40% and the rest about 10%. Was expecting SIA to pop today but its down.

I really don't understand the market.

Singaporeans are as addicted to SIA shares as they are to bubble tea.

Hi Discarded,

America is a lawless place and some crazy people do what they want.

Crazy Sinkies cannot wait for Monday : great Singapore sale when there will be 250% the amount of SIA shares today available.

If high volume SIA shares traded is 16M shares/day and total SIA shares today is 1.2B and SIA shares not owned by Temasek is say 540M, means that ~3% of all non Temasek SIA shares on average is traded per heavy trading day.

If just 10% of all those non Temasek sia shareholder folks who received the rights shares sold them, that will be like 87M new shares on sale in market.

87M divided by 16M is 5.375 times the daily volume of shares for sale; (would be 53.75 times if all non Temasek SIA shareholders sold their rights shares).

Really is pasa malam, great lelong sale on Monday.

Then is Tuesday, another big lelong sale for 3.5B MCB, dunno what is the price, suffice to say, maybe Temasek will 'rig it' or just keep it high to give impression that SIA Bank borrowing costs is low, since they will own ~3.35B MCB due to retail share holders shunning MCB in the fund raising exercise.

So many (1.5x extra) SIA shares than now available, really is big lelong sale.

But some people cannot wait for the sale to start, must buy before sale.

Great Singapore sale not as great as foretold, or there is rumour that >6x the normal number of SIA stock buying Sinkies will attend the SIA Monday GSS.

Better to buy SIA shares today to avoid the great crowd, need to ensure social distancing during pasir malam as well.

So despite the covid-19 SIA Great Singapore Sale on Monday, hopelessly addicted Singaporeans are buying SIA stocks today, just so they won't have to be part of the crowd on Monday (maybe SGX computers may crash due to high trading volume and buyers may leave empty handed if demand (despite massive supply) is too great).



The taste of Singaporeans is certainly simply inexplicable, e.g. they must form long queues and crow control problems to buy bubble tea during the COVID19 circuit breaker lockdown.

pict source: https://singaporefoodie.com/bubble-tea-s...5-for-now/

https://www.straitstimes.com/singapore/coronavirus-long-queues-spotted-at-bubble-tea-shops-following-temporary-closure