Today's gain eradicated yesterday losses, in the sense of KLCI. Roller coaster ride really, anyone that buy in yesterday should be happy after taking the profit from selling the shares now.

Happy and good luck trading/investing..

oh ya..Genting, i miss the chance to average down when it was trading at 8.3x lowest on yesteday. Oh well, do not cry over a spilled milk, but just sharing my thoughts..

You missed out boney, AMMB is pushing super hard, in fact the hardest for the KLCI component stock in term of %.

This post has been edited by andrewckj: Sep 27 2011, 03:15 PM

SP SETIA, fuyoh!

Wah, KLCI upgraded already? Now goreng now those blue chip stocks..lols.zzzz

Today panic buy, yesteday panic sell..lols, human are so ironic rite..

KLCI pushing hard, consoloditating above 1350 mark. I miss out the chance to buy in yesterday, thought today wan buy in but the market doesn't allow me to as the price are so high up already

UOADEV laggard, still sleeping...

When everyone is excited, we should be cautious - Warren Buffet,

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This post has been edited by andrewckj: Sep 28 2011, 02:11 AM

Hi, welcome to LYN SE..

CI will see red when it comes to noon, just my view. No offense ya~

Going south real fast

We are heading to double digit drop...

Buy in noon, got more discounts. Now I'm out for breakfast.Enjoy the show folks..

Please don't privatize SP SETIA. I like this property developer share a lot

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.

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This post has been edited by andrewckj: Sep 29 2011, 11:08 AM

Precisely! 100 % take over = remain listed, what kind of equation is that? This is not HLBANK take over of EONCAP or AK privatize ASTRO/TANJONG.

Also, even if they continue it's listing status, it is considered to be a cornered stock as the main shareholder PNB will have the final say due to it's shareholding in SPSETIA. Foreign fund will not invest in this kinda stock as it is too cornered, hence upside = limited. Why our government like to reduce the liquidity of stocks in BURSA? Why can't they study the consequences before implementing something.

No wonder BURSA is always not that liquid..

SP SETIA is just a good property stock with solid track and performance. Now need to find a new property stock to invest in, perhaps?

Yes cherroy. I doubt there will be counter offer as PNB is so smart to strike as the current market sentiment as we do no know what is the real intention behind it. Those minority stock holders that are stuck at 4.4x definitely cannot be happy with the offer. So SP SETIA will continue to hibernate and hover in the region of 3.8x until the next saga unfold.

Rest SP SETIA aside. UOADEV, any takers for this stock? Hovering for the past few days with resistant at 1.22 and support at 1.16.