QUOTE(andrewckj @ Sep 29 2011, 11:02 AM)
This is what I worried the most Boney. Now definitely not a good time to buy SP SETIA, since the conditional take over is at 3.90. So, can't average down. My ABP for SPSETIA is still pretty high at 3.75.
Such a dilemma for me. Got trap by the price, cash out all the shares now or wait for the take over? Having said so by waiting, the upside for SPSETIA will be limited. The downside will be limited as well, as the support will be at 3.8x. SP SETIA is as good as in hibernation mode now. Just my view, can't do much to this stock at the moment.
Don't you think the news come too sudden?
First day of technical rebound, SPSetia share fly upwards very strongly.
2nd day straight away suspension.
3rd day.. They are happily disposing, while coming out with all sort of news.. Wad take over 100%, but remain listed.
What is the used of taking 100% control, and still listed.. For elephant show?
Doesn't make sense.