Latest Forum Topics / Golden Agri-Res Last:0.275 -0.005 | Post Reply |
GoldenAgr
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rotijai
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20-Feb-2011 10:28
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in fact, i suspect STI dropped after mid-day cause they were scared tat china would give out 'news' over the weekend.. and they were right, china did give out a 'good news' after the market closed..
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rotijai
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20-Feb-2011 10:26
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the panic selling is not for NO GOOD REASONS.. it's because of the china inflation and interest rate hike news.. and cpo dropping  
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iPunter
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20-Feb-2011 10:19
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New to this forum doesn't mean you are a greenhorn...           I always respect anyone who has played the stock market for years, or decades and decades.                   Thus, I have no doubt you are extremely experienced in every aspect of stock playing...   
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krisluke
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20-Feb-2011 09:57
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what will happen? palm oil future (march) sold and says they have none (palm oil output)... | ||||
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krisluke
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20-Feb-2011 01:38
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china kueh season over liao. this  kueh not so HOT. got to see other kueh that come in different varieties ^^ | ||||
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krisluke
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20-Feb-2011 01:32
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see SME demands liao, looks rm 3600 support. stonger ringgit may offset the us dollars...  pure palm oil counters  not with  much knowledge though :)
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shoemaker
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20-Feb-2011 01:10
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Somehow I keep seeing history repeating itself, especially in good, STI stocks. Remember Genting? It first went up to 1.32 then panic selling caused it to plunge to 0.835, which was also in the early part of 2010. At that time ppl kbkb say those bought at 1.32 kena  bang balls and so on.. but for those who held on, we know now who  are having the last laugh.... And guess what? The  big time  LOSERS are those who bought in good stocks when cheap then sell cheaper at a loss because of mass panic, then too scared to enter when the price rebound.. Just ask yourselves...    do you belong to this category  as far as GAR is concerned? Am relatively new here,  just a member. But I think common sense will tell you that panic is everywhere, BUT FOR  NO GOOD  REASON!!! So just buy. In batches.  So that your can  keep  averaging down when it drops further. Vested, so I'm riding the roller coaster with you  dudes & babes! Don't lose faith!
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NiTrOx2010
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20-Feb-2011 01:03
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i hope don't go to SOYOIL since the CPO are getting way to high.... Bio fuel part not to some algae that is already processing in china....(keeping fingers crossed) |
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rotijai
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19-Feb-2011 23:28
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i agree with ipunter tat we shouldnt be bothered too much about wat the BBs think.. cause seriously they might not even know wat one another think.. they will just follow the market flow, tat's market is always right.
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New123
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19-Feb-2011 23:22
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I think one can never know when the counter will continue to move down or make a reverse U turn and move up again. It depends on mkt forces. If BBs Monday decided to push this counter up then you may see it bounce back again .. Hold if you have the holding power. Set your target and once it has reached your targeted price then you may your decision to sell.
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iPunter
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19-Feb-2011 23:12
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When it 'chiongs' up, people will be confident and buy, or hold ...       When it falls low, people will be worried ...             This is why humans can never win in the stock market...
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rotijai
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19-Feb-2011 23:11
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cpo is now 3683, does that mean the 3700 support is broken and bye bye to uptrend? do note that the rumour of china cutting tax on soy oil last friday means that this article may not be relevant anymore..
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krisluke
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19-Feb-2011 23:01
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Crude Palm Oil set to test RM4,100Thu, 17 Feb 2011 10:24 am      Benny Lee
Despite weaker momentum in the month of January, the price of crude palm oil futures (FCPO) in Bursa Malaysia continues to surge on low supply and strong demand. FCPO rose 6.8% in one month, breaking above the resistance level of RM3,880 in February to RM3,955 per metric ton as at 11 February. The price of FCPO is at its highest level in 33 months. The palm oil market once again becomes a hot topic from industry and market players. Number of contracts traded on Bursa Malaysia increased from a daily average of 11,024 contracts in January to 12,424 contracts in the same period in February. In the month of January, Malaysia’s palm oil output fell 14% compared with December to 1.06 million tons, according to Malaysian Palm Oil Board (MPOB) in its monthly report. In the report, palm oil exports fell 6.2% to 1.21 million tons while palm oil stocks down 12% to 1.42 million tons. The low production in the month of January has prompted price to climb higher in February. The reversal pattern last month based on the head and shoulder chart pattern did not materialized as the price stayed above the RM3,600 neckline. FCPO continues to stay in the uptrend. The short to long term 30 to 90 day moving averages are still increasing. I was expecting the uptrend to change its course last month because of weak technical indications but the unexpected low palm oil output has caused the price of FCPO to continue to show resilience in the uptrend. After testing the short term 30-day moving average twice in January, FCPO continues its upward rally. The 30-day moving average is currently at RM3,780. The momentum indicators, which show weakness in the uptrend in January become stronger in the short term following the rally in February. The MACD indicator has crossed above it trigger line, suggesting that the short term up trend is now continuing upwards. The RSI and Momentum Oscillator indicators bounced-off from the middle level showing that the bulls are still in control. However, in the longer term, the uptrend momentum is still weak. The long term divergence between the momentum indicators and the price up trend still exists. Technically, the price is geared to making newer highs in the short term. Price target is at RM4,100, based on a triangle chart pattern formed since early this year when uptrend consolidated. The Fibonacci expansion from the short term up trend has a price objective of RM4,060. The immediate support level is at RM3,880, the previous resistance level and if the price breaks below this support level, price may move into a correction more again and find support at the uptrend support level of RM3,700. This means that long as the price stays above the support level of RM3,700, the uptrend may continue. The price up trend should be able to be supported as long as the fundamental figures of supply and demand fall within the expectations. The month of February normally has the lowest figure for palm oil output. With this and continuous growth in demand, the price may be supported fundamentally. In the recent export data, Malaysia’s palm oil exports rose significantly on month. SGS (Malaysia) Bhd estimated a rise of 28.5% of 432,000 tons for the February 1 to 10 period. Intertek Agri Services Sdn Bhd estimated a rise of 45.7% on month at 437,480 tons. With the technical and fundamental indicators, there is a high chance of price moving higher and technically set to test RM4,100. There is also a possibility of price to even climb to historical highs. With the current bullish price data, my longer term forecast for FCPO price forecast for the next 6 months is revised to RM3,700 to RM4,100 in the next six months, from RM3,600 to RM3,800. Stronger Malaysian Ringgit against the US dollar may also help the FCPO up trend.                           FCPO daily chart as at 11 February 2011. Charted by Benny Lee using NextView Advisor Professional Benny Lee is a Private Trader and Chief Market Strategist for NextView Group. NextView Group is a group of companies in the Asian  region that provides a leading real-time investment tool for both professional and retail investors. NextView is also a leading Investor Education training provider. For more information, log on to www.nextview.com   |
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coolbunny
Member |
19-Feb-2011 22:58
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I have faith in this counter so I did not cut lost even when it reach 0.70. But looking at the situation now, will have to make a quick decision next week. However, I still hope Q4 result will be good & push the price up. It can't be going south for straight 7 days right??? Ok, I'm trying to comfort myself.
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rotijai
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19-Feb-2011 22:54
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just keep and hold long long until sti decides to chiong back again.. unless u need the $, if not a bit late to cut loss now (i think, though i know ipunter will definitely disagree with this suggestion :P)
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coolbunny
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19-Feb-2011 22:49
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Not yet leh, am I stubborn or gong?
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iPunter
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19-Feb-2011 18:27
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Gaecia has earned so many merit points from me, until I have no more to give...     Now I have to start giving her " tapets" (salutes)...               hehehe...
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Gaecia
Elite |
19-Feb-2011 18:12
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Its not  so much in the  act of monitoring (as you've been doing so every single day prior to Fri), but  rather coming to  a decision that will  either  make or break the trade/ investment. Its not that one does  not  need (to use)  the money in cash a/c, for if money is  indeed  excessive or redundant to  a person,  why then is there a  desire to want to  earn more  money from the stock market? There are many real ways to  put money into better use  rather than  losing it in  shares. There's always the Straits Times School  Pocket Money Fund or one can opt to finance  a needy child's  basic education or  World Health Org's (WHO)  immunisation programs  in  other foreign,  impoverished countries just to name a few. 
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iPunter
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19-Feb-2011 17:45
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When it comes to stocks,     the one and only wisdom is not to lose money... 
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NiTrOx2010
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19-Feb-2011 17:36
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Bunny do not lose hope on this and i share the same sentiments as you... I am vested pretty heaviliy on this......Maybe people do not see the pontential of this particular stock yet..Stay coool and the profits report will be out soon... If you need to eject and make a loss well thats decision your heart has to agree with and take the facts and figures on your head and try to get it to rule your heart..I was behind this fellow but the global changes has alot of impact... Those who are wise enough would know where i am coming from...Yes agreed there were good porjection on this but the changing global issue rapidly only shatter the whole play... Above all the interest hike and also measure taken to prevent the inflation has made a tremendous impact as her major supply is to china...   Best of luck my friend and stay cool yeah :) |
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