Digi.Com is an interesting counter of late.
Have you watch the nature of its trading for the last ten trading days? Mighty interesting as if big boys are manipulating this counter for some unforseen reason. Real big bucks have been expended to push the counter up and then to leave it fall plumbline at trading’s end.
Digi is an occasional counter, seasonal spurts and falls but mostly getting price traction as time moves on. It is definitely investor-grade stock though day traders could pun it to advantage.
From RM31.00, it has moved surreptiously up the price ladder. Reaching mid-price of RM31.60, it started an erratic pattern-shooting up to RM33.50 only to fell flat and into red territory on the screen.
From 2rd November and today (3rd November), Digi prices have been better bucking the trend in spite of the soft market brought about by the Greek sycophants and their debt problem. Yesterday, it took in a gain of 40 sen to close at RM32.30 while today it posted a 18 sen gain to RM32.48.
Let us watch how this counter will perform until Digi’s EGM on 9 November. Will it heave-ho away tsunami-style or will it take on an incremental softer paced upward price movement?
Also, after price ex-all via its subdivision to 10 shares per share of 1 sen each, will it attract top feeders to move up vigorously at the single dollar level to convert into ardent longer term investors of this supposedly well managed company?
Let us observe the possible trajectory; the spurts, spills, rise and fall, won’t we?
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