Good News=Bad News?
Don't you just love it when people panic?
They sell off their stock like hot cake, only for astute investors to pick them up. There was no new information to lead to the selling of AK shares.
It closed at 19.70, just about where it was before the. I wonder how those who sold feel.
Jaguar, Proverb don't be surprised to see a thread next week where someone (who sold AK at a loss this past week) claims that there are people "manipulating the AK price".
Seriously!

then people must start shopping big time now... if i were interested in AK i would be buying like crazy at these low levels becuase i highly doubt this low price is sustainable especially if they reveal good Q1 or H1 results...

My personal opinion is that AK's days are numbered as an independent firm... Either it will be bought out or it will fade into oblivion over a few years...

I also feel that unless AK changes its strategy, it might find it very hard to sustain its position leave alone growth. I won't simply buy because the price has come down.

Ever since I read their IPO prospectus when it came out in '07 and saw that they basically had no major plan to get big on Fiber (they actually kind of dismissed it then) and did not even consider the then growing threat of 3G safaricom(safcom bought its license around the same time and I thought it was foolish not to even mention it), I always knew that I would flip those IPO shares as soon as I could. Unless they change their strategy, I see profits stagnating.