Your are right En Mat. I'm really sweating when it drop to 2.70. Bank call to top my margin.Have to sell other holding stock to clear off the loan.Still losing but no more interest running. Can sleep peacefully abit.
Astro mgmt will go for low price to buy.. the lower d price, the more they earn cozs others buy @ $3. Thats why the 4 CEO of Astro buy in 900K lots @ $2.7x.
Astro closed @ $2.84 at 12pm.
Astro mgmt might buy @ $2.84 depends they greedy or not...if greedy, they might wait until more drop...
It's easy for me to say this because I don't have any and there am not facing the same situation as those who do. But maybe we should just step back a bit and not look too closely at what's immediately ahead of us...?
Although I feel the 3.00 IPO is overpriced, at the same time it's not grossly so. Quite unlike Facebook where even a relative newbie who knows just a bit of fundamental analysis would confidently opine that its US$38 IPO was too high. No one can deny that Astro is one of those companies that can rely on regular revenue in the coming quarters and next few years, at least. They only need to try increase this while keeping operating costs as low as possible.
The projected 2-3% dividend yield is low, that's true (one can do better with YTL or YTLP, for instance). But for some institutions, that might be tolerable enough, especially those that want to invest in `safe' companies.
It's difficult to try and see ahead when we are glued to the trading screen, watching the second-by-second transactions. Many people have just a one-to-three days timeframe, like a contra trader - that's too short! But if we have a longer timeframe and horizon of, say six months - after the dust has settled down and with the year-end window-dressing period, traditional Chinese New Year rally etc. who's to say it can't reach the 3.40 TP as projected by some analysts? Or more?
There's no guarantee that will happen in the next 6 months, of course. But we all know things can change very fast in the stockmarket when there's momentum. Seemingly `useless' counters can turn to gold. Doesn't look like it *at the moment* with Astro. But that's also how it was was with Digi (4.01 not too long ago), Axiata (5.20 on 3/4/12), Scomi (0.21 some weeks ago - would have made a 100% gain had you bought and held on).
Lucky 888...i been working in stock mkt for about 20 years...I'm handling institutional client...next time mention 10m shares...ur using lots..instead of shares..don't make people confuse...aiyyooo..what la u bro...hahaha...
In stock exchange,long terms only means 4 high end wif extra $,d issue is current many suffer margin loan,long time of interest& shortfall cash top up..no point even after a yr up to $3.10 even..That's happen for all shares depends when d day come..that's why I say save d best for uncertain last.
Wah so good ur cal...no brokerage...u cal & see...100k only 100,000shares bro..rm30 x 100= 3000...simple calculation..if don't know to calculate..program ur on spreadsheet...
Wah the way u calculate so funny... 300k means 300,000shares..if u handle institutional u will know..even epf fund manager order 3000k that's means 3m shares...where ur learn ur calculation? Ur words also bro..aiyyooo..we all in dealing also laugh with ur words n calculation...
The reason we argue today is becoz we do trading ourselves on line where we key in no of lots x 100 If you are one of those traded thru broker then you would understand
I used to trade NYSE online,NYSE is common to use LOT, if no of shares. Is more direct if RM30 x 100,000 lots...some more if US trade in USD1,000 = USD$1.00, easy for me to count direct when convert to MYR.
Wait 1st.. dun buy now, the price not the lower...but if no one sell, the price will maintain only...except got buy in..but i dun think anyone else dare to buy in..except those rich buy in huge volumn...juz aim to earn 0.0x b4 today closing.
i can't think of any word to express my feeling to this counter and will only say to those still placing hope and holding, GOOD LUCK. I am sure, it will shoot up above 3.00, just time matter :)
Astro is performing poorly. Poor guys buying at IPO price, lure by AK big liar bait... AK is a BIG bloody shit. I lost money in this bull shit Astro shares.
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....
mcd123
244 posts
Posted by mcd123 > 2012-10-25 12:17 | Report Abuse
Your are right En Mat. I'm really sweating when it drop to 2.70. Bank call to top my margin.Have to sell other holding stock to clear off the loan.Still losing but no more interest running. Can sleep peacefully abit.