The Astro Gambit-Would You Take A Position?

Overselling 

Now, that Astro has been taken to the cleaners, what should one's stance be toward this counter?

Do you think that there will be at least some fair premium above the IPO price?

If so, at the current price of RM 2.89, would you take a gambit and enter for a play?

My mind tells me that once the massive overselling subsides, the market will operate in a less tumultuous and predictable way.

Then genuine investors will have a re-look at Astro and its propensity for trading gains;at the very least.

Can Astro grow trading profits in the short term?

For now, those who have got the IPO shares as well as those who went in to buy yesterday afternoon and this morning, it looks like they have to hold the stocks and wait for a opportune to sell into some moderate profits.