Nothing is impossible in corporate Msia, bro. This is Bolehland, remember?

Sorry bro, you are absolutely wrong. It does not take a CI to dive 100 points to push down a single counter. It happened many-many times before to some counter. So, please la.

Index super GREEN and a counter can dive more than 30%.
Example today :
MENTIGA : -0.12c or -13%, index GREEN +5pts

Rm2.00 ?? You must be dreaming Man !!

When MEGB is at RM4, nobody will think it will go down to RM3. And When at RM3, nobody knew it will plunge to RM2.. And so on.

I think UOA Dev at RM2, very possible. Just a matter of time

They just BUY BACK THEIR SHARES At RM2.48...
I dont think this counter will drop below that...
Come on ! Guys !!
Just IPO listing drop few cent... Dont so fast Dissapoint !!
I know this company well ~~ Is damn potential company... I have invest few UOA property before,,,
I believe Their Fair value really RM3.50 !!!!!
Cheers !

Finally found an article that shed some light on this counter's disappointing debut:

UOA price slide continues
http://biz.thestar.com.my/news/story.asp?f...23&sec=business

Ppl say Mr Market is irrational and unsophisticated, but I'm tempted to add words like "ignorant" and "idiotic"

Oh well, it's water under the bridge ..... I'm done with this counter and have no intention of buying it again ..... unless it hits RM1.20!

Don't think so it will. You bought UOA property; it got nothing to do with putting FAITH and self PROJECTION.
This current market thinking is more towards sentiment or Price Action.

Agree.
If the general market thinks that way, don't think you are smart, and act other wise.
Going against a wave will be deadly, especially with this IPO, with no past record on share prices

Sorry
I think the fair price for this share is only between 0.80 to 1.20.
I had sold all my shares for 1+% profit on the first day.

Smart move bro

I would agree with that.
The numbers in their 500++ page IPO document just don't stack up.
Plus - I have some direct experience with the people behind this operation - and it isn't anyone whose name has appeared in the press or TV or radio.

People who are terrified of their customers, their shareholders or who hide behind 'front-men' should never be trusted to run an ice-cream stall, let alone a publicly-listed company.

Zamans is right - this is mainly an exercise by the banks to get their cash back - quick!!

Thanks David. You got a lot of big sharks connections.
UOA gone case now.

Time to recoup your losses with other counters.

walau. uoa drops to 2.47 now. who mentioned earlier that it will not drop below 2.48? luckily i abandoned the ship earlier.

Now are u disappointed or not yet?

anybody got any idea how low will it drop to ?

or where is the "strong" support level ?

hahhaa...zaman u really negative about tis counter and taruh nice nice those ppl who support it...

normal la.. all counter under perform sure kena bash one what.. when make profit all bz enjoying their lobster/sharkfin

I got 2 lesson learnt from China based IPO. So I stayed out of this one.

wa..just cut loss at 2.46 that i bought at opening market at 2.6...second loss in my experience with the first one also entering into sozo at the opening price...sigh

Hi, Has anyone receive the refund of RM0.38 cents??