Aztech   

Aztech: 1H FY06 Net Profit Up 75%

Hahaha... I read in a previous post by someone here quite some time back...

It said something like, ".. the big boys play us like a fiddle..." or to that effect.. 

This may well be the truth! 

 

show is not over yet - expect the unexpect thing to happen. very interesting - see how BB manipulate the market...good luck for those vested

 

i see! thanx CWQuah! :)

 

BBs = Big Boys = The main shareholders of a stock. Characteristically they have a lot of influence over the shares they own, and trade huge volumes of the shares.

 

err guys.. wats BBs?

 

No problem. Should thank Shplayer too for his astute intraday insights.

 

Cashier... :) There'll always be a lot of bottom fishers... and they will always do averaging down later if it goes down... (they must always be right)...

 

Thanks CWQuah,

I will watch closely



 

 

Haha it's been great fun watching Aztech's moves. Could have been more fun if I vested in, 2c profit immediately! Dang!!!!!

Limhpp,

I think there's a firm support at 39.5c. Expect some more oscillations again if the BBs rinse and repeat again, likely because the share buyback hasn't been completed thus far (they can buy back up to 41365lots of which only abt 7000 lots done).

 

 

 

 

Classic BB play.

Vested at 39.5..........Thanks to cheongwee, aka maniam......if not for him/them, AZ would not have been on my radar.

 

Just wonder has it stabilised......

 

Check out the rebound and the 'disappearance' of the 4000lots in the sell queue. Now 41.5c.

 

I believe sellers at 39.5 may have dried up.

Time                             Lots Done @ 39.5

9.00 to 9.30                822

9.30 to 10.00             815

10.00 to 10.30           150

10.30 to 11.00            100

11.00 to 11.30             28

11.30 to 12.00             23

12.00 to 12.30            13

    

 

Interesting - BBs sell back to themselves? :P

Nevertheless, caution on this for the moment - A/D is down, MACD still down, MFI still down though it may be bottoming out.

 

Q to buy at 39.5 has been building up to >1,200 lots. Some lots were 100, 200, 300 lots.

 

comaparing labroy with this is not really same. labroy % slide is not that much as compared to this counter. and it is a bad review not insider actual selldown like this counter. nevertheless aztech now is at the same oversold region when labroy did a reversal. however labroy reversal was on a strong support whereas we will need time to see if the current support is a strong one.

 

Trade with care and close monitor. dip below, sell or short.

 

 

Thanks for everyone comments

I will wait for a while before action.

 

 

3 main thing to highlight,

1) it broke the 200 days average

2) it's next support is at 0.34 if 0.395 is broken

3) it is oversold region but indicators doesnt show that it have bottom, it could still go down some more. thou i doubt the fund manager would want to let it dip so much so fast.

 

In my opinion, Ericsim has given a very sound advice.  We don't know now how low the price would still go.  It is better to average up when prices are going up instead.

A case of Labroy would be an example when the analyst from CLSA reported its concern for Labroy becasue of some management shift.  Prices fell very badly to less than $2.

If you have bought it after it starts rising, you would still average up well.

Just a thought.

 

thks, shplayer.

limhpp, be more patient, wait for the price to stable (personnal opinion). trade with extreme extreme care!!...good luck