March 20, 2012

Metronic Global- Would You have Sold?


I think it really takes a person in the know to hold on to Metronic Global(Metronic)stocks when it sprung up to life a couple of days back.

Many would have sold once it reached 8 sen.

The very fact that it breached 14.5 sen would have been a good time to sell.

Only the stout-hearted would have held on to this troublesome counter after it has hibernated at the 4 sen level for such a long time. With court cases and bad debts, it is a miracle that some people can fell in love with Metronic.

However, today it hit pay-dirt by climbing up to 29.5 sen by the noon close, upping up by a spectacular 18 sen.

Will Bursa Kl put out a timely query or will this stock be suspended awaiting specific corporate development announcements?

This must definitely be the counter that will fund the coming GE as the Chairman is an UMNO ally and Ghani,the CEO was the blue-eyed boy of Daim in times gone by and supposedly still is.

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