i believe Astro management is buying furiously at 2.74 - 2.76 range also, maybe a new fund manager is buying in at a discounted rate to stabilise the price as well.
Well, my risk yesterday paid off! Free lunch for today :D
Good start for Astro. Trying to find its equilibrium and level and it's all about momentum right now. If it goes higher, more will buy; lower and more will sell. But there are obstacles at certain prices, both ways. Up - there will be profit-taking or/and people cutting loss. Down - bargain hunters come in. That's why those hoping it will get below 2.50 will be disappointed:-) Or at least have to wait some more.
ongtkong, T+4 from OSK? That's great! Maybe I should have opened an account with it instead. Actually I had intended to - had even downloaded its "88" software even before that. But on that particular day when I went to its branch at Sunway Damansara/The Strand area, couldn't find parking. So I went to Affin at The Curve instead.
@Taugeh, okay thanks about DRBHicom. Will definitely watch it closely. Actually, this one is already in my KiV list but I've never bought it before. But now you've given me a good reason to seriously consider it:-)
pathew, talk2pkc and those who had bought -- Congratulations that your risk-taking decision is paying off. It's a good feeling to see a trade that's working. Regardless of how it will fare after this, the lower 2.70s was a fair price to pay. Have to consider the almost 30-sen discount. I was too cautious - was worried about forced selling plus the poor performances in Europe and the US might affect KLSE. Another case of fortune favouring the brave. Yeah, not too late to jump in but I don't think I will just yet. Maybe wait for the investments banks to come up with "the poor man's version" of Astro - call warrants:-)
Good luck to everyone holding Astro, especially those who got it before its listing.
There goes another bus, and without me on it - UEMLand! Had thought yesterday was already `too high'. But would actually have made money even at that closing price! This is yet another one of those that got away. And I know many people are also regretting - those spooked by so-called `analysts' and their monotone `political risk' warning about UEMLand etc. I don't think I'll buy. That's because I don't chase and would prefer to just wait for the next bus, whatever that might be:-)
didnt astro already made a lot of profit with malaysian money meh?? fund manager no need discounted price ma, the profit earned can support that lor :p
close at 2.90 -3.00 today...contra player phasing out...panic seller have tone down...PNB and the rest collecting to average...got to pay good dividen because election comming...astro got to sponsor election fund...EPF maybe in already....MIDF comment very positive and reliable...non contra player will get very good premium...
block buyers coming in big way...book seller all the way...2.90 or break 3.00 possibble today...ECM Libra target 3.09 (hold)...OSK target 3.37 (hold)...MIDF target 3.40...Pure Investors will definitely make money...
Good comment from u all...it will be back to rm3.40 again...keep mantain n support astro n help their staff who buy the ipo early...n always smile...n criticism k...:-)
Yo Yo , as some called us "gambler" , oh well, my 2-3% strategy work n just done my 2nd round profit , loh, ha ha Now round 3 n TP 3.00 to sell, mah ........ Ha ha ha
@Fasterom, you are right. It's the timing of one's entry and exit that count the most. For traders, it doesn't really matter what counter it is, what its par value, PE, dividend yield and net assets are - buy at any price and then sell it higher. Getting it right consistently is the main difficulty.
Mat , Thks 4your kind words earlier n now enjoying zipping my champagne , pop over n join me , ha ha Agreed with Fasterom n indeed reflect to my many past remarks too but for certain others they call it "gambling" , oh well !,,,, After all our common interest is to make PROFIT mah ha ha
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....
ayub
25 posts
Posted by ayub > 2012-10-24 09:13 | Report Abuse
2.77 or 2.17