Is it TIME to Fly Again?

Having built a shoulder price at the 30 sen level for about close to 3 months, Time started moving. It overshot into the 40 sen territory last Friday (30 October 2009). On Monday it crossed the 50 sen mark before falling off back to 44 sen yesterday. Today it went up 7 sen again to 51 sen.

So what is this obsession and frenzy with TIME?

Could it be just this following announcement by TIME Engineering made at the end of trading today that it will merely exit (uplifted from) the Practice Note (PN)17 status tomorrow (5 November 2009) as its regularization plan has been completed?

But then, wasn't this obvious to the seasoned stock market player?

The huge volume of shares transacted must mean more than that.

What is it then? Speculative fever? If so, will it fly like a phoenix like SILK and LITYAN after their successful restructurings?

That is the RM64,000 question.

Only TIME will tell.