Was the Seller the Mysterious Buyer Now?

Remote Signals to Sell and contribute?

Remember that counter, Berjaya Retail?

It had to be taken private again after listing which benefited only the investment banks.

Vincent lost out in cash but his goodwill with certain parties remained.

I think we are seeing de javu replayed in the case of Astro.

Let me spin an urban legend here.

I think the mysterious buyer is the offeror who has been selling down his stock perhaps on some imperial directive.

A possibility - to build up a war-chest for the impending general elections.

As there are REALLY, really very little retailers who got the shares from the IPO, I do not believe they actually sold except for a few jittery ones who were coaxed by the market to sell; and those with high risk appetite that sold to buy back at a lower price to make profit in this manner. Not many here as well.

Employees of Astro? Very remote. Most will want to hold the stock.

So, the only possible conclusion-the offeror oversold and shorties blew it all the way down the chute.

This was compounded by cornerstone investors who may have sold on disgust. No, thanks to the authorities which approved the over-rich valuation for the IPO!

I think a selling plateau is forming as buyers are coming in to buy when the stock is cheaper by 10%.

Time for a rebound and win!

I think Astro should find traction in a few days time and we may find a rebound in the works.