Thursday, 24 November 2016

AppAsia Bhd. Little Lies

Is the third single from Fleetwood Mac"s highly successful third album tango in the night.

The 1987 hit, is up till today, Fleetwood Mac's last top ten hit single.

So does AppAsia have one more run in it?judging from the money flow index, somebody has been accumulating the shares again at the 25 sen level.

The stock is down half sen to 25.5 sen, will there be enough punters to take a "Tango in the night" with AppAsia?

Sure the company had announced a NON EXCLUSIVE agreement with Ali Baba, but NON EXCLUSIVE is exactly what it is, NON EXCLUSIVE.

As for the Australian market listing, one wonders, will it dilute AppAsia's already poor earnings?

Investors must weight all this up , as for me, I am listening to "Tell Me Lies, Tell Me Sweet Little Lies".