Nov 19 2009, 01:55 PM
QUOTE(skyboy04 @ Nov 19 2009, 11:27 AM)
My opinion
Since Maxis is important KLCI component stock, fund manager will eager to include in their portfolio, many of institution investor did not get the portion they want during IPO. Therefore demand will be high.
Most of the IPO portion allocated to Cornerstone investor not allow to sold in 6 months. The free float available in the market at the moment may be around 500 - 600 million. So, supply is not much.
When demand exceed supply, price will only go 1 way, up. My prediction is maxis can reach 5.80 tomorrow.
I dont think it will be more upwards in the next few days as well. Price is quite high @ RM5.40 and retail invester will still continue to dump the stock because they already stand to gain RM600-700 already. If wanna goreng also, those manipulator must have shares in their hand before going ahead with it. I think those who wanna manipulate it will use one or two week to slowly accumulate the shares and then push it up for a period of time before letting it all loose just before the 6months time frame is due.Since Maxis is important KLCI component stock, fund manager will eager to include in their portfolio, many of institution investor did not get the portion they want during IPO. Therefore demand will be high.
Most of the IPO portion allocated to Cornerstone investor not allow to sold in 6 months. The free float available in the market at the moment may be around 500 - 600 million. So, supply is not much.
When demand exceed supply, price will only go 1 way, up. My prediction is maxis can reach 5.80 tomorrow.
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