November 29, 2012

Astro: Why the Big Push on Small Volume?

Who is buying?
There was actually no big buyer, no volume buys and yet the price of Astro climbed ever steadily all day  today after a false start in the wee hours of trading

The biggest were only in lots of 1000 units. It climbed 14 sen to close at the magic number of RM 2.88.

So, there is actually no push;merely retailers taking a bite or two.

Let us see whether there will be any follow-through tomorrow.

If there is a sudden stop in buying, then it will possibly be a flash in the pan.

Or is some one collecting it slowly?

No comments: