i can smell that the goreng is coming soon..
WHY?
even Linear already been goreng UP 200++%!!!!
why not Iris which is syndicate's favourate??

everybody is using their product!!
MyKad, Malaysia e-Passport, all is their product, seems to be gov. (Najib??) related company.

i don't think the warrant will be issued in 2010 as they still need Bank Negara, Bursa Malaysia's, shareholders in EGM's and OTHER RELEVANT PARTY's approval before they can issue the warrant..

actually the trading after they announce the 259million contract already fly a bit to .175 but too bad the EVIL BULL kicks in later on with the fear that DJ will breach 10,000 psychology level..
so now the price drop back...
but based on both technical (.175 seems to be a break out) and fundamental (259 million contract, RM0.05 CHEAP rights issue), it had now prepared itself to fly...

well, i am sure that it's impossible to drop to .150, the most it will drop to is .155 coz there's vfery strong support at both .16 and .155...
why??
don't need to explain much, next week, just wait and see...

not moving.......yet??

impossible...see their nett profit increased by how much....
unless they loss the turkey litigation which is the ONLY bad news as of now for this company...
perhaps u wan to accumulate at .13 then you spread the news it will move back to .13 soon??

tomorrow another show day...looking at the volume during the last session and how much BUY transaction for 0.175...

haha...maybe u can enter again...technical wise is strong up trend..
the first breakout at 0.17 & 0.175 for the past 1 year..

haha...ok ok...we wait till tat price only enter...
you had unloaded all??

i think around 0.14 when the correction comes...

IRIS was at 0.18, 0.19 level last 2,3 weeks before US Debt crisis.

Now IRIS is at 0.155/0.16 level.

Next 23rd August, Tuesday is the ex-date for DIvidend entitlement of 0.45cents per lot Tax Exempt..tht means empat ringgit setengah satu lot..

Approaching the ex date, ppl will start accumulate..so the price will move up..depends on ur strategy u can :

1- enter now, sell before ex-date..
2- enter now...enjoy the dividend, and sell when have profits..surely will rebound anytime soon...
3- their 2nd quarter report 2011 will be announced on 26/27 august...next week...based on last year announcement...pls expect better performance report...so...the price can go up...

COPY FROM ANOTHER FORUM