Disclaimer
Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision. Also the author may or may not have position in the counters that mentioned in this blog.
Thursday 14 August 2014
PDZ - Interesting MARA's off market trade
It is interesting that MARA decide to sold off 5 Million shares after just acquired the shares some 4 months ago. With their entry price of 18 sen, the disposal of 22.5 sen which resulted in a 25% return in 4 months seems make like a good trade for any trader. But the fact is MARA is an institution that many believe would be in this for long term or some bigger motive than just looking to make some quick bucks on short term trading. Of course, the 5 Million shares that disposed is only a small fraction of its 261 Million shares thus the disposal might not means anything at all. Some more the buyer of the shares is not known at this time thus is immature to make any conclusion. Well today is another good day for the counter which close 1.5 sen higher. May be MARA will be tempted to sell some of the shares at this price to make a good profit for themselves! I certainly will!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment