2024-03-02 14:13:15
Over the past 2 days, we have to admit that the price of MGI shares has been hit, falling to the floor, with the price as of March 1, 2024 closing at 48.50 baht, compared to the highest price on February 27, 2024 at 65.25. baht, equal to a decrease of 16.75 baht or -25.67%, while the latest market cap is 10,185.00 million baht, compared to the market cap of 27 February 2024 at 13,702.50 million baht, a decrease of 3,517.5 million baht or -25.67%.
Nawat Isra Kraisil, Chief Executive Officer of Miss Grand International Public Company Limited or MGI, revealed to “Krungthep Turakij” that over the past 2 days, MGI shares have dropped quite sharply and are confident that there are investors. Invest in some groups that come to do Naked Short Selling because during last Friday (1 March 2024) the Bid and Offer prices were prepared before opening the market at a price of 84.75 baht that would push up to Shilling. It is seen that the buy side will be more than the sell side. But just 2 minutes following the market opened, a group of investors brought out a certain amount of money waiting to buy. It is expected that there will be only one order, approximately 300,000 baht, and there will be a sudden sales order in the millions of baht. And following that the price dropped immediately from 84.75 baht to 55 baht.
However, from observation, normally there will be moves up or down one channel at a time during Project Open, or maybe at most it will be moved 2 channels at a time, but in this case it was moved 120 channels at a time within a second, with certainty that in this case there should be Severely abnormal from using Robot Trade in practice
In addition, it was also noted that If an investor has stocks and wants to sell them before the price opens at 84.75 baht and waits for the market to open and gradually sells at the price of 84.75 baht, it will make the maximum profit. But why did this group of investors choose to sell at the ATO price of 1 million shares, causing the market to fall to the price of 55 baht? This is the practice of Naked Short Selling, which involves secretly borrowing stocks from brokers who have stocks. MGI to borrow money for use within 1 day, and during the day money is added to keep the floor from moving.
And then slowly withdraw to return the money. It is expected that there will be a profit of up to 50 – 100 million baht because the value of stock trading on the day of the incident totaled more than 800 million baht. While inquiries were made to major shareholders, there was no selling out. So he received the answer: This stock was put up for sale without the person selling it. However, it was considered fortunate that MGI fans were able to buy it. Until the price increased by more than 6% at the closing price of 48.50 baht.
There is a report from Nawat Israkraisil buying 40,000 MGI shares into the portfolio at a price of 45.75 baht, totaling 1.83 million baht. Meanwhile, Nawat informed that Ingfah and Charlotte have purchased additional shares. Again on March 1, 2024.
In addition, there is an order to close the list of shareholders every day. To bring it to see that shares if they are still with the same investor But there are shares out there, showing that someone is lending them out. Whatever we do, we will know. Which broker is dishonest? and will announce the transfer of brokers
1709390286
#Nawat #believes #MGI #shares #Naked #Short #falling #floor #investing #million #buy #shares
