SATS    Last:2.78    -0.03

Sats

Clear break of $2.40. Going fot $2.50???

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Clear Break of $2.40, going for $2.50????

Last Trades Volume Bid Volume Mid Ask Volume 2.400 4 76,000 0 31,000 45,000 2.410 2 2,000 2,000 0 0 2.420 2 6,000 0 0 6,000 2.430 17 141,000 69,000 0 72,000 2.440 10 80,000 69,000 0 11,000 2.450 8 58,000 36,000 0 22,000 2.460 18 148,000 119,000 0 29,000 2.470 2 16,000 6,000 0 10,000 TOTAL 63 527,000 301,000 31,000 195,000

 

SATs just appointed Dr RajivLall as a independent director. More details can be found from sgx website.

http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/4220836652095e0d482574410016cdbe?OpenDocument

 

Why such a big drop in a single day? Anyone knows the reason? Profit taking???

 

Broke $2.40 today....

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
2.400	7	16,000	7,000	0	9,000
2.410	20	47,000	25,000	2,000	20,000
2.420	36	55,000	0	0	55,000
TOTAL	63	118,000	32,000	2,000	84,000

 

The price has been slowly climbing up for the past few days.... now reaching $2.38, going to break $2.40 soon....

 

Well, no doubt revenue is positive, yet still awaiting final result if operating profit maintained or improved. Generally, throughtout the first quarter I suspect SAT could be subjected to a surge of operating cost, and material costs. I 'll go in when price breaks Sgd. 1.90,-(CAVEAT EMPTOR)

 

SATS operating data for March 2008, Fourth Quarter and Full Financial Year (April to March) 2007-08:

http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/eefafea158293b504825742b00379e2f?OpenDocument

 

More transactions done at $2.30...

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
2.290	11	137,000	128,000	0	9,000
2.300	26	1,465,000	0	0	1,465,000
TOTAL	37	1,602,000	128,000	0	1,474,000

 

Noticed a sudden surge in volume from Thursday to Friday with strong buying at $2.30. Anyone know why?