
The upward move is due to some sort of window dressing in line with the better market sentiments.
Prior to the August slump, the price was between 9 to 10 cents.
So no big deal if it goes above 8 cents. It has to adjust with other shares.
Not holding any of ArianeCorp, just happened to be reading into it when it started surging and hence went to check on my StarTech and realised that many penny stocks actually gained mometum in the last hour of today.

GL to everyone who is still holding on to it. This one is really a junk. Bought at 8.5cts and got out at 7cts.. Just to let you know guys, they cannot raise cash for their acq except paper purchase. The management is hilarious
A sudden upward rally in the last 30 minutes breaking through resistances at the 0.075 level really makes one's balls' tickle and heart pounding.

Did any body also see the surge in StarTech in the last 10 minutes ?

I don't think they have good management people in the financials of the company. Anyhow pay too heavy price for acquisition. Should not over value any target of M&A if they want their shares to be respected by the investing public.
I am watching this counter closely. The way they are trying to play in this Telecom market is not very healty. I heard CarrierNet is not making money and the other one 'Telcom' who enjoy about 2 years of good time and once the mobile operators come into the picture, their revenue goes down. And heard they are buying a company each in ASEAN countries
Any reason why not? Its about time, baby. Look at all the other penny stocks.



Dancing around at 11 cents, can break out or not ?

Hit the top 20 high volume twice within the past week. Looks like this counter is getting attention. No reason why it ain't moving like other penny stocks especially so with such good news...


It has fully settled its debt to to HK Fibercom pursuant to the sale and purchase agreement for the acquisition of a fibre optic network business in the PRC, including 2 core high bandwith fibre optic network of 11,118.9 km and the right to access the maintenance and base stations situated on the fibre optic network.
It will issue 109,151,946 shares at $0.10 each to settle the debt. When completed, the share capital will be 852,382,005 shares.
Ring Ring Ring...Time to wake up and not Ding Dong Ding Dong moving sideways like a crab

Good or bad?
i m more and more impatieeeeeent about this penny guy
Looks like we have another surger on hand... :)
So it's quite likely "Cheong Ahh!" may soon become as loud as the "Kallang Roar"... :)
i have 30 lots only at 8c, what price is ok? thx.
ariane just squeezed out of the BB and with long green candle stick, very much like the 15Jan07 upsurge pattern.....it hit 0.135 then. today closed 0.095 so we have ~50% potential profit margin if it revisit 0.135 again this time round.
worth taking a second look next week.
good luck!
I studied this counter before, this tread has a lot of historical information for your research, after you read all, i think you can come to your decision on this counter.
good luck
anyone has any further info abt this company?ariane just acquired another company,worth to hold?
arianecorp's CFO resigned on friday. what does this mean for the stock? good or bad? bad right?