Astro: No Traction,Traders win!

Sure-ah?

You must be nuts to sell your Astro shares after being the minority to get it at the IPO.

So, who are these sellers swarming around the cesspool of falling prices?

As I have speculated in an earlier post, it could be the offeror, Ananda as he has the liberty to crunch the ringgit gains as the authorities have,as usual, for reasons better known to them,gave him moolah to play. He is laughing all the way to Moolahland,thanks to Malaysia Boleh!

The rest are just maggot traders with ravenous appetite,possibly selling 'empty' to feed off weak sellers and the dying corpse of the newly listed Astro counter.

Since there is no let up of selling, as if in a torrential monsoon storm, let us sit back and watch the wayang until there is traction.

For those who bought in at RM 3.00 and below, cough out the cash and take up the stock.

Tomorrow is another day and the sun will certainly shine so says Annie.