Be cautious, side trading going on now....

Share rights issues causes price to fall downwards is due to injection of new shares which causes share dilution. So chleong theory on rights issue is not wrong but rather its the timing that I am questioning. I heard y'day downfall was due to China's announced a bleak economy for Q2 that scare the shit off many foreign investors. 407 counters on the red as the results of that.

Also, if you look at the chart during the 30/6/2011 issue, the share was at all time high hovering 0.28 consistently for about a month before the rights issue announcement...then it took a few days later for the adjustment to take place.

The question is why would Asuprem wants to prematurely press down its own share values at just 0.260? Don't you think it will make their rights issue more attractive if price is beats its previous target of 0.32?

The premature decrease of price will anger investors and will force them to turn away, something ASUP don't want to do.

Not sure about shares spike down is permanent as today all 470 counters are down. Could be macro issues. But I will go with tigerroar to leverage it down as contingency. Market could rebound back tomorrow but lets keep watch instead of panic selling.

Go!Go!Go! Fly me to the moon ;)

Broke the 0.26 barrier, Risk Trader's target of breaking over 0.3 is well on the way :)

Historically, people often profit take on Friday especially when on upward momentum. However once settle in .240, support sets back in. (from rebound) That is why I still maintain that ASUP for now is still a good buy.

Aiyoh, support strong just buy lar :) I saw very strong support at 0.255. Asuprem is a good counter. Just go with the flow and stop the analysis paralysis....thingy.

go...go...go...

Come on asuprem, show me a shooting star!

Bought at 0.13. Managed to sell it at 0.16 though money not as much as kytan :) Hmm, let's hope all these billions will focus the next coming trend, ASUPREM....

My bad. Congratz to those who made big with this counter :). Be careful though. It is 100% speculative now..

UMA is out for PN17 company with 127 million trades done. Yeap, I think tomorrow we are in for a big show of SUPER DIP.

Agreed with peter123 and MartinJHLim. Asuprem is a good venue for investors not good for contra-traders. This is a hot stocks that are undervalued and will be back.

isupertrader, you nailed it on dot with the 1.07 support. Kudos! RSI is moving towards 50%, buy now?

I hv pulled out at 1.14...decided to window shop for now.

isupertrader, mind sharing ur background with us? U sound an awful lot like my uncle..(sorry no offense); but in a good way like you been doing this for a long time....

bursabulltrader, i'd be worry if i got your share at this price.lol

So you mean, i should wait for price to drop further to 1.07? Anyway, i sold all my shares last week....thank you...thank you :)

Isupertrader, was waiting for your input...lol. Wait. You mean last week purchase will resort to heavy selling later?

I am going to stock up more...now!

isupertrader, we hit 1.10 as you forecast few minutes ago. Wow,...

Wow...long time no hear from you. I saw strong buying movement! People are buying the stock like crazy now....

Noted, isupertrader. Made purchases...Perisai...go go go

isupertrader, another close call evaluation. Any opinion bout tomorrow's event? Tips...tips... :)

Isupertrader, ran through charts...but i never see it that way. Its an eye opener for me. Thks for the tips...

isupertrader, be sure to let us know whats coming next week. Great analysis job.

isupertrader, i notice u're right. Studied trending as well...