Monday, February 28, 2011

Bought Pantech-wa today, 28th February 2011

Despite KLCI closed in the green territory, many counters suffers another selldown today, the last day in February.  The issues in Libya and high oil price remained the top blamed reason for the poor performance by regional markets.

Nevertheless, I continue to take this opportunity to scoop up bargained stock.  This time, I managed to buy some Pantech-wa @ 0.325.  The warrant still has many years before it expired.  There is plenty of time for this warrant to run and in fact, it did had a good run about 2 months ago.  Pantech is potentially one of the beneficiary of the recent O&G sector stimulus announced by Najib recently, which coincides with the time the warrant was issued.  Perhaps the bosses knows something we don't.

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