It may fly but it had killed lots of investors bro...yeah...probably u guys got big stakes inside and holding positions I supposed...sorry...But y give hope in Astro when there many other beautiful stocks??? Switch portfolio lah bro...
Pathew u r right...not all conerstone investors no lock in period,,,I just spoke to one of the investment house guy just now...Different investor different term...only the investor know their lock in period...btw....Regional semua naik...why KLSE drop ????
Actually panic button pressed on index linked counters coz sell off for profit taking it seems... I'd say someone needs funds to do something more like it:) Next week should have a field time bargain hunting!
From what I gathered is some merchant banks was offered astro shares at 2.60 much lower than the ipo price that almost everybody else paid. These I suspect the very ones who offered finance to astro staffs. The second day of trading they start dumping, so there is panic and force selling. All these extensions given to astro staff - are all at face value only. Until they have collected as many shares they can, the price will languish below 2.80
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....
minitrader
2,273 posts
Posted by minitrader > 2012-11-02 11:53 | Report Abuse
all I can is that we have been cheated...it's probably among the worst IPO around.