Tracking Digi

Looking forward to RM5.00?

Digi announced that it proposed a share-split of 10 shares for every  one unit of 10 sen share  held. This effectively makes it the first share with a 1 sen par. So those who fear  purchasing UOA Development shares with a par value of 5 sen can rest assured that there is Digi way down there at the minimalist par possible.

Digi shares  last traded at RM31.12 before the announcement on the first week of September 2011. On resumption of trading on September 8, it opened for a 7.5 price uptick to RM33.50, an increase of RM2.38.

On 21 November, Digi went ex-split and opened beyond RM3.50.

It has gone through a tug of war price movement after moving up to a historic high of RM3.88.

For the last fortnight, it has moved to RM3.72 after having wobbly feet below RM3.50.

Weak holders, opportunistic day sellers and the broody global markets have paused its potential advance.

It is now at RM3.73, a broad whisker away from the historic height.

Some analysts are giving this counter an open season, putting a top price of Digi beyond RM5.00

When do you think it will touch or breach this illusionary or even elusive price?

But then anything is possible with a counter like Digi, don't you think?