Tuesday, May 08, 2018

Opcom: A Poisoned Chalice?

Yesterday I posted about the excitement of a possible Pakatan victory in GE14 causing havoc & sharp correction in the stock market. One stock has done the exact opposite- Opcom. This stock is linked to Mokhzani Mahathir and is now a darling in the eyes of punters. For more information on Opcom & Mokhzani's position in the company, go here.

Assuming that Pakatan victory is a done deal - which I doubt - it would be obvious that Opcom will have a tougher time getting contracts from the government for the initial few years because it would be accused of favoritism. On the other hand, if BN win the GE14, you can put Opcom at the bottom of the list of any company tendering for government projects.

If you have Opcom shares, you are one lucky fella in the market today. Remember what I wrote about Mr. Market yesterday? Let that be your guide on what to do if you have the stock or if you don't have the stock.

Chart: Opcom's daily chart as at May 8, 2018_10.00am (Source: Shareinvestor.com)


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Pen Ben said...

So you guessed the ge14 outcome wrongly. So what about opcom's next price move?