Tuesday 27 December 2016

Airasia. EPF. Face Down Ass Up

Is a 2009 hit for 2Iive Crew, taken from the album banned in the USA.

What EPF is doing with regards to Airasia , is not banned in the USA, but it should be INVESTIGATED by the authorities here in Kuala Lumpur.

EPF which was selling AirAsia shares, early this year, like there was no tomorrow, when the shares were going up, resulting in the fund ceasing to be a substantial shareholder in the budget carrier, has suddenly returned as a substantial shareholder.

In a Face down, Ass up strategy, EPF is buying AirAsia shares at way above the cost, it sold the shares in the very first place.

Why is EPF selling low, and buying on the high side? The mathematics, do not tally, especially since EPF is buying the AirAsia shares like there is no tommorow, when AirAsia shares are falling like nine pins in a bowling alley .