November 18, 2011

Digi: Strangled at RM35.00

As much as it wants to go up beyond the RM35.00 divide, crabby buyers pulled the price down.

How much will it open ex-split on 21 November?

All day long it see-sawed just like arm wrestling, sometimes better like in the beginning minutes and faring a little better an hour before closing time.

Except for a 500 lots done at the morning at RM35.10, trading has been kind of dull with minor players coming in just before the dateline for splitting on the forthcoming Monday.

I think the share will likely close at this price range possibly saddling RM35.00.

Evidently,more sellers were in the field and the crabs won the day; and Digi went off best below RM35.00..

Closed at RM34.96 on 18 Nov 2011

Digi closed at RM34.96 and so theoretically it will open at RM3.49 on Monday,21 November 2011