trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Thursday, May 18, 2006

StarHub

A super bumpy ride for StarHub, opening at $2.10 and diving to an intraday low of $2.02. Those who were quick to captialise on the drop would have made a decent profit in very stormy day. ML wrote that StarHub might return up to S$500 million in the form of share buy back, that could have supported the price today. Their target is S$2.50. Chart looks poise for a run up barring unforseen circumstance.

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