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Web Dev Matters and Me

Why traders are still buying Calata Corp stocks (CAL)

It seems that the market (PSE) is trading at sideways, probably waiting for the results of Greece elections. While most of the stocks too are trading sideways, it is a completely different story for Calata Corp (CAL).

We rarely see stocks as active as this one, which almost had 5k trading transactions in one day. The price too went up to as Hi as x3 of the IPO price down to 9.+ nowadays. Very scary, but still there are many people buying the stocks with the hopes that it will still get high.

Calata Corp is the biggest distributor of chemicals, feeds and fertilizers used in agriculture here in Philippines. It has very sound fundamentals and many are expecting to see more growths in the business, but with the rumors of stock price manipulation, some are having doubts to invest on it. Just imagine having a price down at least 30% and we are not talking about a day, just half of it. The last decline even happened between 4 minutes trade selldown. (Almost 15, to 9).

So why is everyone still buying it? because of sound fundamentals? or they just don't feel like walking to a casino.


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