Welli-Multi Corporation (WMC): The Saga Continues...

I thought all was clear for WMC to move up a notch this morning. It tried all morning. Went up to RM1.24 and then fall back to RM1.14. The trading pattern was marked by many small buyers and sellers. When the stock moved back above the overnight level particularly at RM1.20, there were big block deals done,ranging from 100 lots to 500 lots. I believed this is triggered by programmed buying.There were also many blocks of 100 lots and some between 200-300 lots. Some 1.9 million shares changed hands.

Friday is not a friendly day for the stock market as somehow, investors do not like to hold shares over the week-end. So, I do not expect any action on WMC today. Next week is a better window.

Heartsong