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BullishTempo
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07-Nov-2010 09:47
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Wow 0.9x is like more than a year ago!
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ShareWithMe
Veteran |
07-Nov-2010 09:46
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Analyst actually set target price for noble as $2.48 which is pretty high. Judging from the current economic status, with commodities prices hitting a new high, Q3 results should be able to beat analyst's estimates. Am i right?
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BullishTempo
Supreme |
07-Nov-2010 09:46
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You know that Noble 2nd quarter reported a drop in profits right? But it was due to a one-time loss on an asset item. So should not affect 3rd quarter. I already have GAR, so for noble, depends on price actions on Monday. If too high, I may not go in.
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BullishTempo
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07-Nov-2010 09:43
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Yeah noble chart break out. Have to see how much the price gaps-up tomorrow.
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ShareWithMe
Veteran |
07-Nov-2010 09:42
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BT , let me know if you buy in tmrw. I am still a novice in stocks. Need some guidance from you.
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BullishTempo
Supreme |
07-Nov-2010 09:40
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I have to look at Noble price actions on Monday before deciding to jump in or not. |
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BullishTempo
Supreme |
07-Nov-2010 09:36
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Oh so sorry, my bad. I just checked again. Noble is out on Tuesday after market hours, not Monday. So there is still opportunity to buy on Monday, and maybe sell it on Wednesday morning.
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firewood
Master |
07-Nov-2010 09:24
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Noble chart break out. I might get some and sell away on tues morning and monitor GAR. Really hope GAR will reach $1 soon so that my mum can sell away what she bought at .9x :( These 2 months doesnt have HSI warrents with so high index :(
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ShareWithMe
Veteran |
07-Nov-2010 09:18
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Oh , I thought report will be out after Tue trading hours. I was wrong. BT, will you be buying more of Noble tmrw?
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BullishTempo
Supreme |
07-Nov-2010 09:17
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Hong Kong is cited to be a major beneficiary of QE2. The forecast for Hang Seng is 27000 points before end of December. Banks will be the immediate beneficiary, because they are one who receives the liquidity first before distributing it out. So I should be looking at banks and commodity counters in Hong Kong after this week. Look at this bank, China Construction Bank. And Cnooc, one of the biggest global oil companies. |
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BullishTempo
Supreme |
07-Nov-2010 09:12
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Noble reporting on Monday after market closed. Timing is kind of tight. But GAR still has a window till Thursday 12 noon. Will see if Noble manages to break new high with good volume. That would be a good sign.
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ShareWithMe
Veteran |
07-Nov-2010 09:07
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Both Noble & GAR already at its short term high. I am still hesitating whether to buy tmrw at such high price. Anybody still interested to buy up tmrw ?
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firewood
Master |
07-Nov-2010 08:33
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Woohoo, noble and GAR next week!!!! | ||||
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AK_Francis
Supreme |
07-Nov-2010 00:30
Yells: "Happy go lucky, cheers." |
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Ai yah, wat d hurry, hold on for a while mah? As natural dissasters all ard d CPO yield countries. So wat r u going to do with d sold $>? Buy GSP, ok lah, if others, u big wok liao. Cheers.
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eeloon
Member |
07-Nov-2010 00:23
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I sold my 5 lots wilma on thurs :( | ||||
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AK_Francis
Supreme |
07-Nov-2010 00:16
Yells: "Happy go lucky, cheers." |
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So wat u meant? Buy properties ah? Or, looking into palm oil counters ie GAR, Indoagri n Wilma?
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BullishTempo
Supreme |
06-Nov-2010 22:45
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Crude palm oil rises to all time high on Fed QE2
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BullishTempo
Supreme |
06-Nov-2010 22:44
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Crude palm oil futures on Malaysia’s derivatives exchange hit a fresh 27-month high amid a broad rally in commodities including soyoil following the U.S. Federal Reserve’s latest monetary easing program. The benchmark January contract ended MYR104, or 3.4%, higher at MYR3,191 a metric ton, after rising as much as 4% to MYR3,210/ton, its highest level since July 23, 2008. December soyoil on the Chicago Board of Trade rose as much as 135 points to 51.25 cents a pound in Asia. At 1027 GMT the contract was trading 115 points higher at 51.05 cents/pound. "A global agribusiness trading company was on a buying spree today, and that helped pushed prices to higher levels. That, as well as surging soyoil prices and flood concerns in the northern states of Malaysia, pushed up the CPO market," a Singapore-based trading executive said. In a single day, CPO futures breached several resistance levels, as some investors rushed to cover their shorts ahead of the long weekend, market participants said. The market is closed Friday for a public holiday. "The bulls are very strong. Even if the palm oil production and stock data next week turn out to be bearish I doubt prices would correct that much," said a senior analyst at Kuala Lumpur-based commodities brokerage. The government-backed Malaysian Palm Oil Board will issue October production and end-month inventory data on Nov. 10. The Fed's commitment to a $600 billion asset-buying plan over eight months boosted commodities prices by weighing on the dollar, as most commodities are priced in dollars, and by increasing liquidity that can flow into commodities markets. Still, prices are likely to come off highs next week as some trade participants considered today's price action to be a knee-jerk reaction to the Fed's decision. "We can't get too carried away with the price rally. It has risen too soon and the CPO market needs to cool off," said a Kuala Lumpur-based trading executive. In the physical market, palm olein for April/May/June cargoes were traded several times at $1,042.50/ton, $1,045/ton and $1,050/ton. July/August/September was traded at $1,052.50/ton, free-on-board Malaysian ports, said a Singapore-based broker. Cash CPO for prompt shipment was offered MYR100 higher at MYR3,200/ton. The most active January rupiah-denominated CPO contract on the Indonesia Commodity and Derivatives Exchange was trading around 3.4% higher at IDR9,225/ton. The dollar-denominated January CPO contract on Globex was trading $27.25 higher at $1,030/ton at 1024 GMT. Open interest on the BMD was 72,289 lots, versus 71,259 lots Wednesday. One lot is equivalent to 25 tons. A total of 18,948 lots of CPO were traded versus 16,325 lots Wednesday. |
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watermelon
Veteran |
06-Nov-2010 20:53
Yells: "A bird in the hand is worth two in the bush." |
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watermelon
Veteran |
06-Nov-2010 20:44
Yells: "A bird in the hand is worth two in the bush." |
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