Digi: Sight Setting

As they say, " the spirit was willing but the flesh is weak."

Targeting beyond RM4.00 on hte cards

That aptly describes the flurry of buying action on Digi when trading started this morning.

The interesting thing to note is they shot the counter price to RM3.99, a heated breath away from the psychological RM4.00 mark. What does this mean? Sight setting.

It you ever underwent military or even para military training, you would know that setting the target from the front-sight and the back-sight on an Armalite  in a straight line shoot hit the target with ease even if its 40 yards away.

And so in the case of Digi, it looks like a price assault beyond RM4.00 is on the cards.

Only thing is when.

Right now, Digi has sunk into the bowels of red ink at RM3.89.

RM3.91: A Sen up at the Close

When market closed, there was some last minute buying, bringing the stock to close at one sen up to RM3.91.