Yeah, noticed that too.

Since sometime in May09, when the price was about 17c, this buyer will appear on sporadic days, wait for accumulation of sellers at a certain price and mop it all up.  E.g. say he's buying at 19c for that day, he will wait till sellers accumulate to a sizeable few hundreds lots, then mop up the exact number of sellers lots. This will be repeated throughout that day. This buy up action will be repeated almost precisely every 5 trading days......notice the volume peaks on the charts....very predictable.

This action repeated itself up to about 26c or 26.5c........however, I did not notice this pattern at 27c........current resistance....but base  (support) seems to be forming at 26.5c. Next expected peak (T+5) is on Wed 23 Sep......or Tue 22 Sep if the buyer discounts the monday holiday. Hopefully it can breakout of 27c, otherwise, could it be the turning point? Lets see how it goes.

Check it out.

Caveat emptor

Hi Juzztrade,

Why such optimism on this counter??? Average up??? How far do you think it can go up???

Thanks to share.

PS: Thinking of buying for long term and needs input....Thanks. 

Juzztrade      ( Date: 20-Sep-2009 00:16) Posted: Vested 100 lot and will average up along the way

Just to update on some basic data of SMB

                             EPS                  NAV                 % Change  (EPS)       

1Q 09                0.55c                    25.0c                0% - over 1Q 08

2Q 09                1.35 c                     25.4c             145% ovr 1Q09, -24% ovr 2Q08 

1H 09                 1.89c                    25.4c              -19% ovr 1H08

Whilst its results is still down compared with the same period of 08, note the growth of 145% from 1Q09 to 2Q 09. This implies that SMB is well on the road to recovery from the recent financial turmoil.

Furthermore, its 59% subs EDMI 1Q09 eps is 1.58c compared to its FY08 of 0.91c.

Please make your own assessment of this counter.......Fri closed at 26.5c