During IPO many staffs were encouraged to take loans to buy their shares as they were con into believing that the price will go up significantly. But it did not and many of them were left bitter. So this price rise today may be related to what you have pointed out as creating a positive feeling amongst the staff. You never know where the invisible hand comes from!
I agree with Handsome's opinion that there will be no call warrants expiring over the next few mths and the banks and share holders have thrown out so many shares to the market,it is time for them to buy back plus political reasons.....plus Astro is an index link counter therefore it should be up all the way...probably it will go back to the price before it was de list i.e 4.30..Just my one sen opinion...Time will tell..
one thing is the Q slot still alot there,selling pressure are not high probably waiting retailer to throw their unit at 2.94 hmm.. something up nxt week then,this kind of trend not 1st day already they have been repeat this for some period keep accumulate
i don't even hold a single share of astro. I do have a few million shares of the call warrants. if u notice the 500k shares transactions to the CG, thats me for the past few days. I usually like high risk high gain stuff.
Fly kaw kaw also no use because it's fake move being fried by cronies to benefit cronies.When the bull is fake, the move cannot sustain for long.
Most Malaysian stocks fly kaw kaw is mainly not because of good business or due to high profits. They are mostly scams to divert investors and steal their money.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
midastouch
116 posts
Posted by midastouch > 2013-04-26 09:47 | Report Abuse
What is the reason for the 0.7 cents rise this morning?