Digi: Balancing Act

Levelling off

I think today will be an easy day for Digi.

There is no rush to sell nor to buy.

Bearing no unforseen development, we can expect an ambivalent trading day today.

If things are good, then Digi should go back to RM 3.70

As of now it is at at RM3.63 down by another 3 sen.

Will it rebound?

Digi: Early Red Tide?

Losing traction

It sure appears that tired holders may rule the roost this morning.

So small wonder that the counter opened 3 pips down. It is now trading at RM3.66 for another 4 sen dip.

It looks like today may be a buying opportunity as it lacks traction.

If it slumps further without any redress, then we should wait for the next support level if and when it breaks RM3.60.

As expected, Digi remained at RM3.66 at hte close after dipping briefly to RM3.62 for a while.

Let us see whether tomorrow can see an upward demand for this share.

Digi:A Possible Pullback for Another Entry Opportunity

New entrants?

Well, it appears that the start of the week did not bode well for Digi as sellers came out in droves to profit take.

Except for a short reprieve in the opening minutes where it went green, most of the first two trading hours saw Digi in scarlet. It hit RM3.66 and it now see-sawing about the RM3.70 level. As expected, it close at RM3.70 for a 3 sen loss.

Giving up 3 sen to RM3.70

As much as there are sellers, there are constantly, buyers at the side waiting to gain entry.

AS I see it, any point on the price curve between RM3.48 to RM3.60 is entry.

The lower, the better.

The 2011 UMNO AGM-Bashing time again!

After a 18 month's postponement, UMNO finally had its AGM.

Dramatics?

The most important thing is: has it accomplished anything by this postponement?

In spite of its President's caution not to go bashing against the other communities, every one from the DPM went out on a field day.

The victims were, as usual, PAS and PKR.

This year, they had DAP in its cross-hairs, blaming it also as a purveyor of Christianity.

Bashing down PAS and PKR as 'a walk in the park', the perwakilan  zeroed in like kamikaze pilots on DAP. Maybe they are right, maybe they are wrong as anything is possible as you focused on common perceived external enemies

What I can read between the lines is a quiet desperation-even a red herring because PAS and PKR will hit the heartland of the Malays especially in Felda stations and they can be potent as can be seen from the drubbing they gave UMNO at the 2008 General elections. It pays for UMNO to continue to look out for PAS as PKR is just trying to put its act in order and time may not be on its side. PAS,however, remains solid.

As for the DAP, I guess there is nothing much that can be done as Gerakan, MCA,MIC and the parties in Sabah and Sarawak are just no match because they are just too weak!

Remember the Greek gods of Mount Olympus versus the titans! They will bury the titans.

Not letting go....never

The Cowgate fallout will be sheer fodder this time around until the elections are held. Even Super Bung Mokhtar  from Kinabatangan will not let go of Sharizat, so it seems.......

Digi and the Small Time Investor

Investment grade

In life, no pain, no gain. That is one saying for risk taking.

Then in love-there is faint heart don't win fair lady.

How about one from the obverse? Fools rush in where angels fear to thread?

Whatever it is, there will always be risk takers, punters and investors.

Some are there for the action, others for the thrill;some for short term gains and others for the long term haul.

Every trading day, deals are done with some cashing in the money, some losing and the remisiers and investment banks taking their fair share from both buyers and sellers.

So, did you pun in on Digi after the announcment of  the share split or after it split?

Let us assume a small investor buys a 100 shares of Digi at RM31.60, way after the the announcement and after weak sellers have dunked Digi for easy cash. The lowest it went was to RM31.00 and on good market days it rose from RM32 right up to RM34.96.

It then went ex on 21 September, topping at RM3.88 and after a period of indigestability brought about by a huge deluge of shares, settled from RM3.48 to RM3.60. It is now at RM3.73.

Let us calculate what is the reward for risk taking on a blue-chip counter like Digi which is 49% held steadfastly by Telenor of Norway, ever ready to buy some more when Bank Negara indicates the date line for more substantive holding for foreigners soon.

For a quick count, a minority shareholder will pay RM3,160 for the purchase. This will work out to RM3.16 on an ex basis.

Given the last traded price of RM3.73, the buyer would have gained RM570.00 gross. This will amount to a 18 % gain for a short period of 10 weeks.

Tracking Digi

Looking forward to RM5.00?

Digi announced that it proposed a share-split of 10 shares for every  one unit of 10 sen share  held. This effectively makes it the first share with a 1 sen par. So those who fear  purchasing UOA Development shares with a par value of 5 sen can rest assured that there is Digi way down there at the minimalist par possible.

Digi shares  last traded at RM31.12 before the announcement on the first week of September 2011. On resumption of trading on September 8, it opened for a 7.5 price uptick to RM33.50, an increase of RM2.38.

On 21 November, Digi went ex-split and opened beyond RM3.50.

It has gone through a tug of war price movement after moving up to a historic high of RM3.88.

For the last fortnight, it has moved to RM3.72 after having wobbly feet below RM3.50.

Weak holders, opportunistic day sellers and the broody global markets have paused its potential advance.

It is now at RM3.73, a broad whisker away from the historic height.

Some analysts are giving this counter an open season, putting a top price of Digi beyond RM5.00

When do you think it will touch or breach this illusionary or even elusive price?

But then anything is possible with a counter like Digi, don't you think?

Gossip Girl:Cheeky Dialogue Cheeky Girls

Talk about an engaging series for teeny-boppers and Gossip Girl comes to mind.

Angst, Rebound and Seduction

The cheeky dialogue and the more than cheeky girls certainly attracts a large following that it has been dubbed in other languages too.

Watch the series for the twists and turns at every episode as the conniving Blaire and the confused Serena takes on uptown Manhattan of old money.

The children of the fat cats do live a fictional life of fantasy.

Strange bedfellows

XOXO. Gossip Girl