Iris - Patimas

Happy New Year, guys !


I am waiting volatility that happens in iris to occurs in patimas this coming weeks. Recent announcement as below should contribute some sparks on patimas price. Patimas share price has bottomed at RM 0.135 and there is maybe upside potential after this recent announcement.

PATIMAS COMPUTERS BERHAD ("PATIMAS" OR THE COMPANY) COLLABORATION AGREEMENT BETWEEN PATIMAS AND IRIS CORPORATION BERHAD

Further to the Company’s announcement on 30 November 2006 in relation to the Memorandum of Understanding entered between Patimas and Iris Corporation Berhad

(“ICB”), the Board of Directors of Patimas wishes to announce that both parties have on 29 December 2006 entered into a Collaboration Agreement for the purpose

of collaborating on an exclusive basis with each other in a submission of  a tender for a NIMC Central Data Centre in Nigeria (“Project”) and formalizing

and regulating the respective roles and responsibilities in relation to the Project subject to the terms and conditions stipulated in the Collaboration

Agreement.

Although this announcement shows value of none coz the story only tells that 2 sibling joined together to bid a tender in one place far far away but it looks like an excuse to 'goreng' from the speculators' view.

My target for patimas is 23 cent. However, patimas really depends on iris price performance and iris NEVER moves against market sentiment. Among speculative stocks, Iris will the first to rise on good market sentiment and be the first to do free fall vice versa.

Anyone reading this, buy at your own risk. This is not a recommendation to buy or sell. Adios.