looks like zelan rebounding again....

means time to buy

Zelan like having a war,
One side buying the other side selling...

Selling pressure is still strong there...
Buying power oso not bad..

Cheers,
v_viper88

buy or wait

This post has been edited by mo_meng: Nov 24 2008, 12:00 PM

i expected, afternoon many stocks will go down kaw kaw leh. ci is hardly to predict wheather down how much, bcos control by tenaga and maybank, expected around negetive 10 points.

This post has been edited by sampoo: Nov 24 2008, 12:01 PM

example, if you bought on Friday @ 0.80, this morning can sell @ 0.85, now back to 0.80 can buy back-lor....

MMCCORP down 15%. Anyone has any news on this?
They haven't announced their results yet, have they?

my bet is opposite....it will go up although marginally due to interest rate cut, if any. Otherwise, vice-versa.

this question, better to ask mr chang or whoever know him. i got some bad feeling to the stock, like Gamuda. (if last year is not a issue)

Zelan news on Bloomberg.

"Zelan Shares Advance on Media Report MMC May Buy Out Company

By Soraya Permatasari

Nov. 24 (Bloomberg) -- Zelan Bhd., a Malaysian builder, rose as much as 8 percent, the most in almost two weeks, after the Edge reported MMC Corp., backed by Malaysian billionaire Syed Mokhtar Al-Bukhary, may buy out the company.

The shares added 5.5 sen to 80.5 sen at 9:13 a.m. on the Malaysian stock exchange. They earlier traded up 6 sen at 81 sen.

MMC may buy out Zelan or merge its construction unit MMC Engineering Group Bhd. into Zelan in exchange for shares that would increase MMC’s holding in the company, the Edge weekly reported over the weekend, citing unidentified people.

Zelan is 39 percent owned by MMC, Bloomberg data showed.

To contact the reporter on this story: Soraya Permatasari in Kuala Lumpur at soraya@bloomberg.net

Last Updated: November 23, 2008 20:37 EST "

Cheers,
v_viper88

Malaysian billionaire Syed Mokhtar Al-Bukhary may take over Zelan?..
it just another rumour after SAUDI prince awaleed increase the share of Citigroup...

Result= shares continue to fall if the person didnt take action..

Apa ni....Zelan mahu kena main sampai bila

this game is fast, easy come, easy go. speedboat go away, now come back. mo meng u want to buy? ^^

Thanks viper. That makes sense. MMC buying out over-priced zelan = Good for Zelan shareholders, bad for MMC shareholders.

crazy.... now zelan going into red zone....

ZELAN pancit! I hope you guys have taken profit..

seems like every time i go out for work, big events will happen.. and i miss boat.

tempted but now drop till 0.75 liao how how

This post has been edited by mo_meng: Nov 24 2008, 12:25 PM

News play.
Strong Buying power not from small trader i see... vol is high.
But its selling power is fierce... lucky i exit early n stay sideline.. now about 0.76.

The share will free fall, any up is consider technical rebound.