Where are the Cornerstone Buyers,Mr Astro?

No let up in selling?

If you look at the trading yesterday,the pattern is that the sellers are mostly spooked retailers or possibly day traders/margin traders and short-sellers.

For the day traders, any day traders, they have taken home the booty.

No big buyers in sight really though there were a small number of  lot buyings of 1000 but far in between.

The question to be asked is where are the big players.

With such a big fall to almost 7.6% from its  IPO price, where are the cornerstone buyers of beleaguered Astro? 

Twiddling their thumbs in anguish?

Where is Permodalan Nasional Berhad,Great Eastern Life Insurance,Universities Superannuation Scheme.Standard Pacific Capital, Corston-Smith Asset Management and Nomura Asset Management? They are currently holding a huge chink of 430 million shares and losing value pretty fast at this rate.

Also, what about bumiputra trust agencies and individuals,especially those who got the portion from MITI?

Aren't they all strategising to move in to buy more?

Isn't an equalizer formula favourable now? Or are we playing limbo rock now, how low will Astro go?

They must have known something the open market doesn't?

They will buy in but I guess at a more agreeable price.

We will see how the market  performs today, to see whether they is a price traction level or a rebound.