E&O rally over?

Well, we have seen E&O make significant come back in the month of Aug alone rising close to 25% from its level in early Aug. That's a spectacular return of investment for many who have this stock and certainly made many of them feel good.

With good response to its recent property launch, E&O is set to regain its glory days in the past.

While you may have a different opinion, I believe this stock will be RM2 at least come Jan 2010.

Having said so, its good to also take a look at it's warrants which will expire in somewhere in May 2011. With a strike price o RM1, this warrant is very much in money and will likely remain so until it expires... For every 2 sen the mother share gain, the warrant is set to gain 1.5 sen and I expect it to continue deep into Q4 2010.

Question now is has the run of this stock come to a halt? will it start to profit take its way down to below RM1? I think it is highly unlikely.... I feel there is still a final hurdle before we see the bear setting in... well, we'll see.... :)