How to make $100 million profit in one day
Obama visit Indonesia today (yesterday)
Well, another news from Indonesia
A group of corporation, one of them is Credit Suisse, makes nearly $100 million profit in a single day from stock trading in Indonesia
How?
A goverment owned steel company, launch an IPO yesterday, at the price of $0.094 per stock (yup, nine cents)
At the end of the day, the stock jumped 49% to $0.14 per stock
Multiply that with 3.2 billion shares, which is $150 million, less fees of course
The seller? Mostly foreign financial institutions
The buyer? Mostly individual local investors
"Several big foreign firms, including Credit Suisse, are on the sell side"
So that's how you make $100 million bucks in one day
Source:
Indonesia's Krakatau Steel Soars on Its Debut, Raising Questions of Pricing | The Jakarta Globe
UPDATE 1-Krakatau Steel jumps 47 pct on debut, eyes unit IPOs | Metals & Mining | Reuters
Well, another news from Indonesia
A group of corporation, one of them is Credit Suisse, makes nearly $100 million profit in a single day from stock trading in Indonesia
How?
A goverment owned steel company, launch an IPO yesterday, at the price of $0.094 per stock (yup, nine cents)
At the end of the day, the stock jumped 49% to $0.14 per stock
Multiply that with 3.2 billion shares, which is $150 million, less fees of course
The seller? Mostly foreign financial institutions
The buyer? Mostly individual local investors
"Several big foreign firms, including Credit Suisse, are on the sell side"
So that's how you make $100 million bucks in one day
Source:
Indonesia's Krakatau Steel Soars on Its Debut, Raising Questions of Pricing | The Jakarta Globe
UPDATE 1-Krakatau Steel jumps 47 pct on debut, eyes unit IPOs | Metals & Mining | Reuters