Im dissapointed with this share. Not so much myself....shld have sold at 1.90 plus but i thought it will go furthur up...now i need to hold and wait for news to stimulate the surge. Im not going to buy more but when it surge with volume, im buying more....now hv to exercise patience...
as the date is getting nearer + Raya is around the corner .....i would say the extension is consider a good news meaning the intention of getting through is there and consider is almost firm..
Based on the new date, 3 weeks before EGM to be called means 6th sept is due date for EGM to be called in order for the deal to go through. The extension doesn't mean they will drag to last mins ...it will be anytime from now. I predict it will be right after raya...
while tentatively the price may fluctuate as some of the traders and contra players to take their short term gains...good to hold till the announcement of EGM for value investor, just my view:)
technically, today it show a good sign of 'buy' signal as long positive candle stick with volume...if tmr has another positive candle stick with higher volume, more and more to come...we shall see..
I would treat it as good news as means the deal is almost there, if not they wont delay the deal and can just wait till the due date and cancel it. Think deeply and positively, the timing is an issue especially raya is coming (many PH) and extension is a best decision on it, somemore extension is just 1 more month (3+2 mths instead of initial 3+1 mth) and consider not drag too long also....
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divine
1,153 posts
Posted by divine > 2013-07-27 23:04 | Report Abuse
gathering power mode for next surge.....