heard that cimb top gun says ASTRO will reach 3.70..something is cooking...If my theory is right, someone purposely push it down to 2.70 (I remember the support was extremely strong at 2.70), start collecting and push it all the way to 3.70...and settle down at 3.60 within a week or so...Just my one sen opinion...who knows it might happen....
Impossible increase of 0.70 ( 23%), i will say is lucky if bk to RM3.00, those review by other Finance anaysis, this Astro not worth RM3.00 & if those top mgmt buy in RM2.7x, i dun think it will up till RM3.70, if it really up to RM3.70 those cornerstone wont let go at RM3.09 in huge volumn.
I will say..luck if even RM2.97 pray hard those cornerstone not sell huge volumn in sudden!
4sure active buying at the range of 2.72 -2.75 and 2.86 to 2.89 plus AK's nominees bought it between 2.72 to 2.86 n it looks like they hv motive to drive it back to 3.00 n if not beyond .................................................. times wld tell !!!
ak is cunning and shrewd businessman...anything can happen...Investment house like PNB & EPF won't throw if they don't get good margin...election comming ...one way to buy vote is to pay good divident...
I strongly believe due to politically & commercially , AK r under pressure to push it back to 3.00 n tie over his neck for at least 1-2 mths ish , otherwise AK needs extra lawyers & bodyguards , mah LOL
Quite sure tomorrow won't drop, maybe gains not so substantial like today.... AK won't wanna be 'korban' for this hair raya by the investors. Expect another decent performance by Astro tomorrow.
Hard to say what price it will reach, but quite sure near rm3 +/- 5 sen.
Hi Lucky..THaji not invests in Astro coz of the non-syariah cmplient..EPF I don't know..Astro got responsibilities to it's subscribers that strike thru the blue-form, MITI and etc..Within a week price will go up slowly to cool the situation surrounding it's IPO overpriced or whatsoever. This is not for contrarian players, be ready to pickup at any shortfall!!!.
buybackma :Contra Losses raised subsequently even reached bk $2.89.. I dun think those Cornerstone(s) earn contra gain will slow down... Weird flow if u ssee the chart of volumn buy & sell in low. Ydy closing sell volumn only 280K lots, the sleeping lots hold by public issue wait for RM3, but those huge volumn hold by Cornerstone (s) not let go...i dun see today any buy volumn except Astro's higer mgmt intent to hold it for long terms. Thats why i said pray hard to avoid those Cornerstone(s)sell off before Raya... If follow the trend, once a ipo up & up tp 10%-15%, Cornerstone might let go & trade in slow with small volumn..at least public issue holders can escape with some gain or minor loss... But this Astro 1st day sell off huge volumn & buy in hig volumn..so public holders no gain or heavy loss...or uncertain to keep..
The WED Astro drop also impact of Global Makret slip & Euro falls...top-line revenue misses by large U.S.NYSE.
I dun see those buy in high volumn helping to push up the market to help those invest Astro with margin loan...yesterday up 0.17 more or less...this is called give to the high end not the end lower shareholders..
Telecommunication 0.20% in global market, this morning the Washington Post highlighted stock market stabilized Wednesday after one of its biggest sell-offs of the year which major indexes rose modestly...one of it happening in Msia is Astro.
The shortfall pick up might lead to more small shareholders to sell off instead of hold the shares, majority margin player which they give up the bear of high margin interest & uncertain shortfall...
today close above 3.00..Theory very simple..Astro staff need to be motivated top to bottom...Astro CEO cannot focus on her work knowing that she has huge position...my one sen opinion
kalau harga saham Astro terus jatuh maka minggu depan staf Astro akan kena margin call! Mana mau cari duit untuk TOP UP! Harap mau untung sikit tapi kena berhutang pula dgn bank!
margin call tak apa, yang terrible FORCE SELLING...kalau FORCE SELLING nanti...harga akan turun teruk lagi....inilah saat orang kaya yang watching the market beli lagi masa harga dah turun...
Dah jadilah... staff beli harga RM3 tapi top mgmt WED beli RM2.7x, tak boleh imagine kalau mereka sell out nanti...then pasti harga turun lagi..
Tapi lepas FOCER SELLING, staff Astro tanggung margin interest + Contra losses shortfall..tapi at least mimpi teruk dah berhenti, dah boleh agak berapa dah rugi...sekurang-kurangnya tak macam sekarang, tak pasti berapa kena rugi...
already $2.85...small volumn sell out slowly...??? wonder this from :
1. Cornerstone to sell in small volumn instead of huge to test market? 2. Public ( astro subscriber ipo 3 lots)selling out? 3. Those under margin loan surrender ? 4. Those shares players remisiers buy @ $2.7x try to sell out ?
The price might come down but at least the panic is over. As long as not to much force selling, the price will hold. Those who got at IPO 3.00 should think long term a bit. Just sit back, don't sell yet and wait.
ronnie90: force selling suppose in 4th day(WED),but Bank give extension since sympathy to the margin holder play fool by this shares i think...
Panic only over if THOSE( cornerstones) or visible man behind not sell off big volumn..
The prospect or impression fo this shares since launched not good.. i dun think there are buyers to buy above $2.85. Except those rich buy big volumn to gain even earn 0.02 per lot:
$0.02 x 500k lots=gain $10million
The momment they buy in 500k lots definately will up at least 0.01-0.02...but the momment they sell off...bad impact for the price...
A bet that out of our control but might 'hoop' by others...
All IPO should be stable or subsequently up to certain %...
I think after this Astro IPO, Msian seem play smart...
If stable $2.85-$2.88, margin holders might cant go for long run due to high interest & shortfall top up or bank's force sell soon or later...., cornerstone(s) might escaped early..if not they got other profits to cover the losses...
So, stable means Save the best for last with uncertain period of time & treat dividend as bonus to make your day later.
Besok cuti kalau malam ini dan besok dow jones jatuh, isnin nanti saham astro menjunam pula! Bagus cut loss awal-awal dan simpan duit di tempat yg selamat dan lupakan astro selama-lamanya. Rugi tetap rugi tapi kalau ada extra cash masih boleh untung di masa hadapan!
HAHA! But that's how it is with the sharks who made billions - it has to come from *somebody*. Would they really care if it's from their own employees' pockets, from subscribers, from little old ladies' retirement fund? Nope.
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....
Bang Teh
3,980 posts
Posted by Bang Teh > 2012-10-24 22:31 | Report Abuse
heard that cimb top gun says ASTRO will reach 3.70..something is cooking...If my theory is right, someone purposely push it down to 2.70 (I remember the support was extremely strong at 2.70), start collecting and push it all the way to 3.70...and settle down at 3.60 within a week or so...Just my one sen opinion...who knows it might happen....