Floating Mammoth? |
Like Facebook, I would see gravity working as sellers will come out of the woodwork when they see their value shrinking with each weakening bid.
It has touched the raw nerve of the psychological mind dipping below RM5.00. Fear is the Key!
So how long will it endure?
Maybe a longer until the elections are announced and then it might plumb down below RM5 again.
You just cannot defy gravity even if you are cash-rich because there is always the opportunity cost and losing something more worthwhile with that ringgit.
Finally, the EPF, The Pension funds and the other funds supporting FGV will have to pay......