ECMlibra and Airasia

Thanks Sam again for providing such good counter on ECMlibra.

Based on PE 10++ and politic link counter ( Why political link?
check this out : http://www.malaysia-today.net/blog2006/corridors.php?itemid=6185 ), this counter definetely is a good buy with recent high volume.

and also, the yesterday announcement:

ELAB had on 1 December 2005 obtained its shareholders’ approval for the ESOS, the details of which are set out in the Company’s Circular to Shareholders dated 9 November 2005. The effective date of implementation of the ESOS is on 27 December 2007. Pursuant thereto and in accordance with the provisions of the bye-laws of the ESOS, the Options Committee has on 27 December 2007 granted options, (subject to shareholders’ approval for the specific allotment) to the Directors as detailed in Appendix I (“collectively referred to as the Interested Directors”) at an exercise price of RM1.00 per Share (as defined below)(“Offer”).

wow, ESOS RM1.00, now they are telling you this share worth RM1 and more. if i can buy current price 0.92, i would love to purchase more shares.

And for Airasia, i have seen large volume of trading on past few days, with price drop from 1.70 until 1.60, which means there are two condition, first would be foreign fund is selling in large volume and also at the same time some other foreign fund is buying in. ( No individual share holder can hold such large lots of sell pressure). Or the share holders behind is playing with the volume and share price.

I plan to hold for 2 more weeks before i decide my next step. Or consider cut loss at 1.55.