YTL-The Obvious Treasury Buy-in

This is one interesting counter.

Just when you think that it has gained traction,it begins to slip and believe me, it slipped below the RM1.60 radar today, going to RM1.59. This is definitely not in the comfort zone of most minority shareholders who would have averaged about RM1.50 after almost more than a year of YTL's stock split to 10 sen.

Even before the lunch close, I knew they will do some mickey mouse on the counter to bring it back to its overnight level of RM1.64.

And by Jove they did, punting it up from RM1.61 to RM1.64 all the way till the close.

And it was obvious that they are Treasury buy-ins which they reported accordingly.

Let us see what happens to the counter this coming Monday.