Quote:
Originally Posted by Geeman
I am currently in Nigeria and I asked my stockbroker to buy Japaul for me. Although he agrees it will be a good buy, he suggested that I hold on for now as it will soon do a PO at around N4.00. I don't know how far this is true.
|
I bought japaul at 7.20 on hearing that they will soon be doing a po. My expectation was that they will buy up their shares to create artificial price appreciation. Now at =N=4.00 am I not in trouble, seeing that being a small company they may be undersubscribed ? What do the gurus think.