Tuesday, September 14, 2010

Some comments on Mudajaya

There is an unconfirmed news that SC has completed its probe on Mudajaya for the poison letter, with no penalty or any wrong-doing.  The news came out on the day Mudajaya jumped from below 4.00 to 4.4x.  Since then, it fluctuates between 4.3x and 4.50.  This is a very good sign of good support at around that price range.

In addition to that, in the last few transaction days, there were more acquisition activity by major shareholders on the company shares.  Looks like upside is imminent.  Cheers !

No comments:

Post a Comment