A Potential Metronic Run TodayWill it break the 30 sen cap?
Up and away after the initial hour, it started. Heavy concerted buying. Definitely not for immediate raya ang pows. It moved up to 21.5 sen in a jiffy. That was a lot for a day - a sudden movement of 5.5 sen. As expected after the ''you know what is happening '' group of buyers and the ''follow you'' punters have got their shares, the market glided and slided on profit taking from those who had bought at 15 to 15.5 sen. Those who bought later may be fearfully running away empty or with some minimal losses. After some yoyo selling before 4.45 PM, Metronic closed at 19 sen for a 3 sen gain. Impressive!
By 4 pm, it appeared on the list of the most traded shares. Will it have its day today?
Why do you think it went up?
I believed it stayed dead even when the market went up the last 10 trading days because of the cursed bumi issue. If it had placed it out successfully, there was no reason why it should stay at about its lowest in history-15.5 sen. Secondly, it asked for a waiver but SC decided to give a deferment for a year instead. I think the bumi issue is seeing light at the end of the tunnel.
The China and Hong-Kong purchases were inadvertently delayed. Potential profits from taking over the phone manufacturing company could not be realised. This will impact upon this year's bottom line because Metronic is fast depleting its projects. New projects and revenues must be found. I think there is progress here.
Metronic is still waiting for positive developments in the telemetry projects at the Indian airports and possible projects in Dubai and in the Middle-east.I think there is progress here as well.
As it has performed pretty well in managing Putrajaya through its telemetry software, there is a possibility that its services has been continued.
Its health screening software may have found buyers.
With any of the above reasons, Metronic buyers may be speculating a re-rating and so have jumped into the buying frenzy.After all S&P has overweight Malaysia and the Bursa is expected to move strongly in the last quarter of 2007.
Heartsong
Up and away after the initial hour, it started. Heavy concerted buying. Definitely not for immediate raya ang pows. It moved up to 21.5 sen in a jiffy. That was a lot for a day - a sudden movement of 5.5 sen. As expected after the ''you know what is happening '' group of buyers and the ''follow you'' punters have got their shares, the market glided and slided on profit taking from those who had bought at 15 to 15.5 sen. Those who bought later may be fearfully running away empty or with some minimal losses. After some yoyo selling before 4.45 PM, Metronic closed at 19 sen for a 3 sen gain. Impressive!
By 4 pm, it appeared on the list of the most traded shares. Will it have its day today?
Why do you think it went up?
I believed it stayed dead even when the market went up the last 10 trading days because of the cursed bumi issue. If it had placed it out successfully, there was no reason why it should stay at about its lowest in history-15.5 sen. Secondly, it asked for a waiver but SC decided to give a deferment for a year instead. I think the bumi issue is seeing light at the end of the tunnel.
The China and Hong-Kong purchases were inadvertently delayed. Potential profits from taking over the phone manufacturing company could not be realised. This will impact upon this year's bottom line because Metronic is fast depleting its projects. New projects and revenues must be found. I think there is progress here.
Metronic is still waiting for positive developments in the telemetry projects at the Indian airports and possible projects in Dubai and in the Middle-east.I think there is progress here as well.
As it has performed pretty well in managing Putrajaya through its telemetry software, there is a possibility that its services has been continued.
Its health screening software may have found buyers.
With any of the above reasons, Metronic buyers may be speculating a re-rating and so have jumped into the buying frenzy.After all S&P has overweight Malaysia and the Bursa is expected to move strongly in the last quarter of 2007.
Heartsong
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