Its price is controlled by its big boss n not other sharks. As such, its trend will defy logic. The boss will time his move according to his investment plan.
Anyone notice this from the the bursa announcement of Inari
"The SC had also vide its Letter informed that the application for the lifting of the existing moratorium on Inari shares held by Insas Technology Berhad, Macronion Sdn Bhd and Ho Phon Guan has been approved in conjunction with the Proposed Transfer Listing. The lifting of the existing moratorium is to be effective on the date of the official listing of Inari on the Main Market of Bursa Malaysia Securities Berhad."
Once Inari on the mainboard, the moratorium will be lifted and Insas can do what they want with the Inari holdings.
I noticed that..i wonder what would be Insas management's strategy. Accumulate maximum on Inari first...and then only,e.g reveal potential M&A..or even more growth potentials in Inari's earnings?
Don't waste time on companies with complex issues, and narrow daily trading range. One can grumble until all the cows come home and nothing much will happen. If traders step aside for a while maybe price will drop like a stone. Better still check out companies with straightforward biz models like Centurion (a darling of many analysts) and Interra resources/Yangzijiang. Good luck and enjoy life.
Insas needs another moon to complete its share accumulation b4 executing another thrust up. I dun think the impending financial results to be announced soon will hv any impact on its current trend. Need great patience for big reward.
Check out Insas it was a similar "pathetic" counter that did not change for years and has now TRIPLED ! I see the same thing happening with Mulpha. Do some research why don't you?
I guess I see things your eyes cannot see, Or, maybe you are just stupid.
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BUCKBUNNY
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Posted by BUCKBUNNY > 2014-05-19 08:29 | Report Abuse
RM2,RM2,RM2.