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| Gambling with public cash? |
For whatever reasons it may have; through its approved traders,EPF buys heavily moving prices like mountains or sell down a counter like that Japanese tsumani leveling prices like crazy!
As it brings joy, it brings tears-that double-edged sword.
If you have acute perceptive skills,look no further than the current IPOs from Gas Malaysia, FGV and the current IHH.
Like it or not ,even if they are not cornerstone anchor buyers, they massively move into counters and play the institutional fool with the people's hard earn cash.
Last week, they sold down super-blues from BAT, PBB, TM,TNB and what not; possibly because they could not digest the FGV load.
Now, they have off-loaded the FGV to risk takers, they have come back to reclaim their holdings in the super-blues such as BAT, TM, Axiata and TNB.
An interesting thing I saw was they had begun to load up on YTL Corp, PBB, TM,TNB and Digi-com.
They must have little birds telling them the time to go into these two counters because of corporate developments or they have been pushing up the prices to reclaim shares that are dividend paying and as for the people's money-they luck in or luck out at your own risk!
Poor contributors!
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