Wednesday, July 25, 2007

Whao!!! The Elephant has started moving

Whao !!!! First Bank shares made it's first movement since the last public offer today. The elephant that has been standing on 40.40 prior to the last public offer has now moved for the very first time since then. But it is a great move from 40.40 to 42.42. That is 2.02 leap just in one day. I guess a lot of trader are simply going to be very excited.
Well for those that bought the public offer, they have to wait until the certificates comes out before they can benefit from the increase in the share price.
I personally believe that the elephant will not stop moving until it overtakes Zenith and get to somewhere like 65.00
It might be a long wait. But I believe it is worth the wait.