After the 4 sen mark, Metronic Global (Metronic) hibernated before going up 100% to 8 sen.
Then today, all hell break lose as the marauding buyers and speculators tossed up the price to 14.5 sen.
Volume is humongous. Much of it I belief is churning of stocks.
Today Bursa KL has just issued an Unusual Market Activity ("UMA") query.
No news is in sight.
Normally, after such a query, there will be posted a standard answer from the company denying any corporate developments.
This will somewhat quell the price upsurge and tamed buying hunger for sometime until the next rumour comes around.
Let us see whether at this price level of 14 sen, there will be some traction.
If not, day traders are going to sell it down to take profit by the end of the day.
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