COE Bidding – 1st & 2nd Round of July 2020

[yishunite]

Cat B ready to break $30k but Open still havent open 

[zipping]

[13177]

After so long coe suspension, today bidding sure up de. Lol.

[Pixel18]

Likely to have many unsuccessful bids carried to next round or even Aug.

[new_user1988]

16 minutes ago, Dilemma said:

Doubt will hit 40k la. 

If hit 40k i will chop my didi

[yishunite]

Im surprised Open so long to break... i would have thot the chance that there could be another lockdown will make Open bidding v fierce (since thats the only one u can use if really lockdown again)

[Jtbc]

Just curious, why the bid received increases but the CCP remains ?

Ppl bid lower than CCP for what reason ?

[new_user1988]

Looks like Cat A is staying put at $28k.

Will there still be any action during the last 10 to 15 mins?

[yishunite]

1 minute ago, Jtbc said:

Just curious, why the bid received increases but the CCP remains ?

Ppl bid lower than CCP for what reason ?

Means that got multiple people bid the same amount so new bids didnt up the CCP until the quantity is above those with the same bid amount 

[Mrlancergtx]

Just now, yishunite said:

Means that got multiple people bid the same amount so new bids didnt up the CCP until the quantity is above those with the same bid amount 

Last calm before the last 15 mins storm!

[zipping]

Edited July 8, 2020 by zipping

[Vlsc]

2 minutes ago, yishunite said:

Means that got multiple people bid the same amount so new bids didnt up the CCP until the quantity is above those with the same bid amount 

Can clarify the Current COE Price is the Lowest Price people are bidding? Or Highest?

[keane1234]

1 minute ago, Vlsc said:

Can clarify the Current COE Price is the Lowest Price people are bidding? Or Highest?

Lowest successful bid

[Mrlancergtx]

Cat E also starting to move now....in for a tight race!

[yishunite]

4 minutes ago, Vlsc said:

Can clarify the Current COE Price is the Lowest Price people are bidding? Or Highest?

It means that there is enough quota to give COE to all those people who bid that price or higher

lets say got 1000 quota

900 ppl bid $30k

50 ppl bid $25k

100 ppl bid $20k.

Since the quota is only 1000 the top 950 get it so CCP will be $25k. Those next 100 ppl all can forget it even tho got 50 spare bids (this will throw to next round).  However, if new ppl bid $35k,  it will take 50 more bids before all the $25k bidders are unable to get their quota cos actually they only granting COE to 950 ppl

Edited July 8, 2020 by yishunite

[Pixel18]

The apparent weakness in the market is evident. There is volume (likely speculative ones) but lacked depth.  This hollowness will be very pronounce as the recession deepens in the next few months.

[13177]

It is the first time i see motorcycle coe price so high?

[yishunite]

Moto hit $7k. Cat A and B both reach last rd price already 

KBW really do homework