Success Transformer (again)

Today, the share price went as high as RM1.27 before closing at RM1.23. The share price is up not only because the market sentiment is better (dow jones up more than 100pts the night before), but also due to the post by this famous blogger: http://malaysiafinance.blogspot.com/2010/02/seremban-engineering-ipo-approved.html

I believe there are many willing buyers at current level of price. Of course, this counter has a lot of upside potential, and RM1.70 is achieveable in near future. Normally the price surge will be more obvious when there's official announcement regarding their corporate exercise. For Success' case, is when they officially announce the allocation of SEB ipo to STC shareholders, and the entitlement date.

Let's continue to monitor this counter for the rest of the week. If it manages to go above RM1.30 and stays there, the announcement is near. :D