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.

Daim: His Bleakest Prediction for BN

While not mentioning the strength of BN in Sabah and Sarawak, Daim Zainuddin has now openly predicted the bleakest scenario for Najib in the impending GE.

He expects BN to have an easy victory in only three states — Johor, Malacca and Pahang.

Giving an exclusive interview on the 13th GE with Chinese daily Nanyang Siang Pau that was published today (20 March 2012), Daim counseled that BN must have a suitable leadership line-up if it hopes to recapture Kedah and Selangor from Pakatan Rakyat.

Retaining Perak would be an uphill battle for BN, he mused while in Negri Sembilan where BN rules with a six-seat majority, the state BN must resolve some specific problems.[I am sure there is much bickering here between incumbent Hassan, Rais Yatim and Khairy Jamaluddin].

As for Kelantan and Penang, Daim says BN would be fighting a losing battle in the two Pakatan strongholds.

Describing Najib Razak and his team as “generals without soldiers”, Daim opined that though the prime minister and other key leaders have done enough, their current situation is that of ‘generals without soldiers’.

He asked pointedly, “Where are BN’s soldiers?”

The leaders at division and branch level have yet to show leadership and must be more proactive in engaging the people.

He felt that Najib currently has team members 'who are not on the same page' with him.

He added that in parliamentary elections, depending on a single person such as the prime minister is not going to be enough for success. BN needs a team. As it is, he believes the prime minister has done enough but the problem is that people cannot see his team. He needs to tell the people where his team is.

In parting, the veteran politician advised Najib, in no uncertain terms, 'to cut out the deadwood'.

In retrsopect, it was Daim who correctly predicted that the BN will lose its two thirds in Parliament as well as cede the state governments of Penang, Selangor and Kedah to the opposition in 2008. Annoyingly for BN, his predictions came true.

Will Najib trust Daim’s prediction this time around?

OSK Predicts

Yes, these analysts can move mountains.

Look at Metronic Global.

All that was written was a simple chartist's impression of the stock and that it has accumulated sufficient volume or criticial mass to move forward. Then it shot up one hundred percent, fro m4 to 8 sen.

Lately it was chased by punters who pushed it to 14.5% thinking that it has some super news. Then a reply came from the company that a majority shareholder has been approached by a party to purchase some of his shares. That quelled the speculative frnezy a little bit.

So, let us look what has OSK IB's researchers have recommended this time around.

The first counter to look at is that Japanese sleeper, TASCO.

After moving up from the RM1.70's level to RM1.90; this logistics company has now vaulted itself beyond the RM2.00 mark. The only corporate news is that they have leased some land near the Tanjong Pelepas Port in Pulai, Johor. Today it is trading at RM2.02 and RM2.03 level.

OSK has predicted that it will move up to RM2.30 as its next target.

The other counter is YTL Corp.

This counter is a really heavy-weight counter in terms of the number of shares floating all around because of the share exchange with shareholders of YTL Cement.While it went up for a day on Thursday beyond RM1.80; by Friday last, 16 March, it tumbled back to RM1.70 and below. Today, it is trading at about RM1.76-RM1.77.

OSK has projected that its next price level will be RM2.10.

So, do you believe in the analysts at OSK and take a position or just ignore it as price postulation and nothing more?