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GMG CHIONG tomoro -Flash floods hit southern Thail
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kiasiDBT
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23-Dec-2010 22:38
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U are very wrong, it may not necessarily go down further, it may or may not, let me quote u from "Candlestick Charting Explained" by Gregory L. Morris, pg 15: ".... Some Japanese sources claim that the Gravestone Doji can occur only on the ground, not in the air. This means it can be a bullish indication on the ground or at a market low, not as good as a bearish one"
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liongyanlin
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23-Dec-2010 20:19
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What's gravestone? Not graveyard??
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Bintang
Elite |
23-Dec-2010 19:42
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Gravestone doji has formed , it would go down further .
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liongyanlin
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23-Dec-2010 19:24
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But I think this kind of situation is not about small fish throwing. Small fish don't throw 9,000 lots or 5,000 lots in one go. I think it will hit 0.245-0.26 by next week. | ||||
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kiasiDBT
Veteran |
23-Dec-2010 18:20
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Very soon, GMG will recover from this temp blip, the wise are accumulating while the weak holders are throwing the baby out with the bathtub: World Bank freezes financing to Ivory Coast The pressure on Laurent Gbagbo, the man sitting tight as incumbent president of Ivory Coast despite almost universal condemnation, continues to intensify. The World Bank has now twisted the screws by freezing all loans to Ivory Coast and the assets of Mr Gbagbo himself. The United States says it is talking with regional African countries about boosting UN troops in Ivory Coast. Meanwhile, Guillaume Soro, the man serving as prime minister to Mr Gbagbo's rival, Alassane Outtara, has said Mr Gbagbo should be removed by force. BBC Network Africa's Akwasi Sarpong asked our reporter in Abidjan, John James, how Mr Soro's strong statement had been received there. http://www.bbc.co.uk/worldservice/africa/2010/12/101221_ivory_coast_wb.shtml |
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yummygd
Supreme |
23-Dec-2010 17:35
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no choice lor if Ivory coast dun clear up its going to be problematic. fight fight fight stupid people
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liongyanlin
Member |
23-Dec-2010 17:29
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Despite all the record price of rubber GmG acting reverse to rubber prices. | ||||
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kiasiDBT
Veteran |
23-Dec-2010 16:58
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Thailand’s role in record rubber prices Thursday, December 23, 2010 Another day, another record price for rubber. Two years ago south-east Asian producers were talking about grubbing up rubber trees in an attempt to bolster the price of latex. They didn’t do it, and just as well – growing demand and tight supply have driven prices up into previously uncharted territory.On Wednesday, Thai rubber (RSS3) was up 5c at $4.95/kilo, more than four times its December 2008 price of $1.10/kg. Rubber consumers – 60 per cent of natural latex goes to make vehicle tyres – are being squeezed. The price rise is partly a result of the global boom in soft commodities. Rubber prices seem to have lost their traditional linkage to oil prices and are now taking their cue from other products. But the price is also being driven by more traditional pressures. Since the nadir of the crisis two years ago demand has come back with a vengeance: the Chinese automotive market is booming, and despite a sluggish recovery in the west, drivers are still buying new tyres. Meanwhile, supply is static at about 10m tonnes a year. Thailand, the world’s largest producer, had a dry first half of 2010, and the harvest was disrupted in the second half by flooding in some of the most productive areas of the country.“ Demand is growing faster than supply,” said Chayo Trangadisaikul, the president of the Federation of Thai Industries Rubber-based Industries Club, but he says there is also a technical element. “Towards the end of the year, the statistics come out and they show we’re not going to have enough rubber,” he said. Some analysts say that is too downbeat, that there are too many variables to be sure: the weather, the sustainability of the economic recovery, just how much latex has been stockpiled could all have a significant impact on the market. But economists say supply is going to remain tight for a while, and there are some concerns that over-tapping to take advantage of the recent hike in prices might actually reduce output. Some new production is coming on stream. In 2004 Thaksin Shinawatra, Thailand’s former prime minister, launched his ambitious programme to plant a million rai (4m acres) with rubber saplings. But it takes seven years before a rubber tree produces commercial quantities of rubber so, cateris paribus, it looks like the market is going to be tight for at least another 18 months or so. Just be glad that the producing countries didn’t follow through with their plan to cut down their rubber trees. (Source: http://blogs.ft.com/beyond-brics/2010/12/22/thailands-role-in-record-rubber-prices/) |
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kiasiDBT
Veteran |
23-Dec-2010 16:16
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Ivory Coast crisis should be resolved very soon and GMG will chiong soon once this temp blip is gone and kateks opportunist are gone and panic short-covering will push GMG higher,  Read below: World Bank freezes loans to troubled Ivory Coast By ASSOCIATED PRESS Published: Dec 22, 2010 19:23 Updated: Dec 22, 2010 19:24 ABIDJAN, Ivory Coast: The World Bank said Wednesday it had frozen loans to Ivory Coast as France urged its citizens to leave the West African country amid heightened UN concerns the nation faced a “real risk” of returning to civil war. The United Nations and other world leaders recognize Alassane Ouattara as the winner of the Nov. 28 runoff vote. Laurent Gbagbo, the incumbent who refuses to concede defeat and leave the presidency, said late Tuesday that “the international community has declared war on Ivory Coast.” Gbagbo said in the televised speech that he doesn’t want “any blood to be spilled,” but maintained he was president of the country despite international calls for him to step down. Over the weekend, he ordered all UN peacekeepers out of the country immediately in an escalation of tensions. The UN considers Ouattara president and is staying put, raising fears that UN personnel and other foreigners could be targeted in violence as tensions mount. At least 50 people have been killed in recent days, according to the UN The US State Department has already ordered most of its personnel to leave because of what officials called a deteriorating security situation and growing anti-Western sentiment. Germany’s Foreign Ministry also has recommended that its nationals leave. French government spokesman Francois Baroin said Wednesday that French citizens who can leave Ivory Coast should do so temporarily, citing “undeniable sources of worry” in the country. At least 13,000 French people are currently believed to be in Ivory Coast, which maintains close ties to France and was once the crown jewel of its former West African colonial empire. After a meeting in Paris with French President Nicolas Sarkozy, World Bank chief Robert Zoellick confirmed Wednesday that loans have been halted to Ivory Coast. The World Bank’s aid commitment to Ivory Coast was $841.9 million as of January 2010, according to the bank’s website. “The World Bank has currently stopped lending and disbursing funds to the Ivory Coast and the World Bank’s office (in Abidjan) has been closed,” a statement from the agency said. “The World Bank and the African Development Bank have supported ECOWAS and the African Union, in sending the message to President Gbagbo that he has lost the election and needs to step down,” it said. Ouattara has also sought to use financial pressure to force Gbagbo out, appealing to the West African central bank (BCEAO) to cut off his access to state coffers, making it impossible to pay civil servants and soldiers. Such a move could set the stage for mass defections and turn the tide against Gbagbo. The latest international pressure on Wednesday to force Gbagbo out comes amid rising concerns about violence in Ivory Coast. The UN says that it has growing evidence of “massive violations of human rights.” Over the weekend, masked gunmen opened fire on the UN base in Ivory Coast, though no one from the global body was harmed in the attack. Two military observers were wounded in another attack. The UN also says armed men have been intimidating UN staff at their private homes. Toussaint Alain, an adviser for Gbagbo, said he didn’t believe soldiers or people close to Gbagbo would carry out such acts. UN Secretary-General Ban Ki-moon on Tuesday also expressed concern that peacekeepers will face a critical situation in the coming days unless Gbagbo removes a blockade around his opponent’s headquarters. Hundreds of UN troops are protecting the hotel where Ouattara is based, but they are encircled by forces loyal to Gbagbo. Gbagbo said late Tuesday that people could leave the Golf Hotel, but Ouattara’s people say they’re still not venturing out for fear of a trap. And the UN has said that its supply convoys are still being turned back, and that food, water and needed medication aren’t getting through. “Any attempt to starve the United Nations mission into submission will not be tolerated,” Ban said Tuesday. Ban is also worried about fighters from neighboring Liberia entering into the growing political crisis in Ivory Coast. The UN peacekeeping force in Ivory Coast has “confirmed that mercenaries, including freelance former combatants from Liberia, have been recruited to target certain groups in the population, he said. Ivory Coast’s 2002-2003 civil war saw the involvement of Liberians fighting on nearly all sides of the conflict. Liberia itself suffered brutal back-to-back civil wars that lasted until 2003, and the two countries share a porous, 370-mile-(600-kilometer)-long border. Liberia’s president has urged citizens not to get involved in Ivory Coast’s latest political crisis. Ivory Coast was once an economic hub because of its role as the world’s top cocoa producer. The 2002-2003 civil war split the country into a rebel-controlled north and a loyalist south. While the country officially reunited in a 2007 peace deal, Ouattara still draws his support from the northern half of the country where he was born while Gbagbo’s power base is in the south. Gbagbo claimed victory in the presidential election only after his allies threw out half a million ballots from Ouattara strongholds in the north, a move that infuriated residents there who have long felt they are treated as foreigners in their own country by southerners. Experts say there are few strong options for forcing Gbagbo out of office as there is little support for a military intervention. The United States imposed sanctions Tuesday against Gbagbo, his wife and about 30 allies, and the EU also has approved sanctions. Such punitive measures, though, have typically failed to reverse illegal power grabs in Africa in the past. |
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Bintang
Elite |
23-Dec-2010 15:25
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Short covering n technical rebounce can only bring it up to 28.5 cents today , the momentum is very weak . If its RSI goes below 20 (now 31 ) , the downtrend would last for a longer period .
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francisd
Veteran |
23-Dec-2010 14:27
Yells: "BUY LOW SELL HIGH" |
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Hope the Ivory Coast(IC) problem does not escalate and go amoke. Hoping that better sense will prevail and things will be peaceful. |
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liongyanlin
Member |
23-Dec-2010 12:14
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Personally thinking, this stock is a slow performing stock. Catching the ship for the wave is still early. But not forgetting the seniors and professional comments given early on. Careful for the upcoming negative flow of the stock. | ||||
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crystal1818
Veteran |
23-Dec-2010 12:00
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From the chart, MACD, RSI and Stochastic all shows downward trend. Will it rise? P/s enlighten. Thanks. | ||||
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liongyanlin
Member |
23-Dec-2010 11:53
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Ya. I think it is always like that. must wait for new year to come. | ||||
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watercrests
Member |
23-Dec-2010 10:58
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Hope from now on, the price will go up as sky high ~~ Sharemkt very slow moving today..... has everyone gone holiday liao ah?? |
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liongyanlin
Member |
23-Dec-2010 10:24
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Alright. I'm Seeing a medium to big ang bao for Chinese new year. | ||||
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kiasiDBT
Veteran |
23-Dec-2010 01:00
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Ivory Coast crisis should be resolved very soon and GMG will chiong soon once this temp blip is gone and kateks opportunist are gone and panic short-covering will push GMG higher, Read below: World Bank freezes loans to troubled Ivory Coast By ASSOCIATED PRESS Published: Dec 22, 2010 19:23 Updated: Dec 22, 2010 19:24 ABIDJAN, Ivory Coast: The World Bank said Wednesday it had frozen loans to Ivory Coast as France urged its citizens to leave the West African country amid heightened UN concerns the nation faced a “real risk” of returning to civil war. The United Nations and other world leaders recognize Alassane Ouattara as the winner of the Nov. 28 runoff vote. Laurent Gbagbo, the incumbent who refuses to concede defeat and leave the presidency, said late Tuesday that “the international community has declared war on Ivory Coast.” Gbagbo said in the televised speech that he doesn’t want “any blood to be spilled,” but maintained he was president of the country despite international calls for him to step down. Over the weekend, he ordered all UN peacekeepers out of the country immediately in an escalation of tensions. The UN considers Ouattara president and is staying put, raising fears that UN personnel and other foreigners could be targeted in violence as tensions mount. At least 50 people have been killed in recent days, according to the UN The US State Department has already ordered most of its personnel to leave because of what officials called a deteriorating security situation and growing anti-Western sentiment. Germany’s Foreign Ministry also has recommended that its nationals leave. French government spokesman Francois Baroin said Wednesday that French citizens who can leave Ivory Coast should do so temporarily, citing “undeniable sources of worry” in the country. At least 13,000 French people are currently believed to be in Ivory Coast, which maintains close ties to France and was once the crown jewel of its former West African colonial empire. After a meeting in Paris with French President Nicolas Sarkozy, World Bank chief Robert Zoellick confirmed Wednesday that loans have been halted to Ivory Coast. The World Bank’s aid commitment to Ivory Coast was $841.9 million as of January 2010, according to the bank’s website. “The World Bank has currently stopped lending and disbursing funds to the Ivory Coast and the World Bank’s office (in Abidjan) has been closed,” a statement from the agency said. “The World Bank and the African Development Bank have supported ECOWAS and the African Union, in sending the message to President Gbagbo that he has lost the election and needs to step down,” it said. Ouattara has also sought to use financial pressure to force Gbagbo out, appealing to the West African central bank (BCEAO) to cut off his access to state coffers, making it impossible to pay civil servants and soldiers. Such a move could set the stage for mass defections and turn the tide against Gbagbo. The latest international pressure on Wednesday to force Gbagbo out comes amid rising concerns about violence in Ivory Coast. The UN says that it has growing evidence of “massive violations of human rights.” Over the weekend, masked gunmen opened fire on the UN base in Ivory Coast, though no one from the global body was harmed in the attack. Two military observers were wounded in another attack. The UN also says armed men have been intimidating UN staff at their private homes. Toussaint Alain, an adviser for Gbagbo, said he didn’t believe soldiers or people close to Gbagbo would carry out such acts. UN Secretary-General Ban Ki-moon on Tuesday also expressed concern that peacekeepers will face a critical situation in the coming days unless Gbagbo removes a blockade around his opponent’s headquarters. Hundreds of UN troops are protecting the hotel where Ouattara is based, but they are encircled by forces loyal to Gbagbo. Gbagbo said late Tuesday that people could leave the Golf Hotel, but Ouattara’s people say they’re still not venturing out for fear of a trap. And the UN has said that its supply convoys are still being turned back, and that food, water and needed medication aren’t getting through. “Any attempt to starve the United Nations mission into submission will not be tolerated,” Ban said Tuesday. Ban is also worried about fighters from neighboring Liberia entering into the growing political crisis in Ivory Coast. The UN peacekeeping force in Ivory Coast has “confirmed that mercenaries, including freelance former combatants from Liberia, have been recruited to target certain groups in the population, he said. Ivory Coast’s 2002-2003 civil war saw the involvement of Liberians fighting on nearly all sides of the conflict. Liberia itself suffered brutal back-to-back civil wars that lasted until 2003, and the two countries share a porous, 370-mile-(600-kilometer)-long border. Liberia’s president has urged citizens not to get involved in Ivory Coast’s latest political crisis. Ivory Coast was once an economic hub because of its role as the world’s top cocoa producer. The 2002-2003 civil war split the country into a rebel-controlled north and a loyalist south. While the country officially reunited in a 2007 peace deal, Ouattara still draws his support from the northern half of the country where he was born while Gbagbo’s power base is in the south. Gbagbo claimed victory in the presidential election only after his allies threw out half a million ballots from Ouattara strongholds in the north, a move that infuriated residents there who have long felt they are treated as foreigners in their own country by southerners. Experts say there are few strong options for forcing Gbagbo out of office as there is little support for a military intervention. The United States imposed sanctions Tuesday against Gbagbo, his wife and about 30 allies, and the EU also has approved sanctions. Such punitive measures, though, have typically failed to reverse illegal power grabs in Africa in the past. |
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kiasiDBT
Veteran |
23-Dec-2010 00:48
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Ivory Coast crisis should be resolved very soon and GMG will chiong soon once this temp blip is gone and kateks opportunist are gone and panic short-covering will push GMG higher, Read below: World Bank freezes loans to troubled Ivory Coast By ASSOCIATED PRESS Published: Dec 22, 2010 19:23 Updated: Dec 22, 2010 19:24 ABIDJAN, Ivory Coast: The World Bank said Wednesday it had frozen loans to Ivory Coast as France urged its citizens to leave the West African country amid heightened UN concerns the nation faced a “real risk” of returning to civil war. The United Nations and other world leaders recognize Alassane Ouattara as the winner of the Nov. 28 runoff vote. Laurent Gbagbo, the incumbent who refuses to concede defeat and leave the presidency, said late Tuesday that “the international community has declared war on Ivory Coast.” Gbagbo said in the televised speech that he doesn’t want “any blood to be spilled,” but maintained he was president of the country despite international calls for him to step down. Over the weekend, he ordered all UN peacekeepers out of the country immediately in an escalation of tensions. The UN considers Ouattara president and is staying put, raising fears that UN personnel and other foreigners could be targeted in violence as tensions mount. At least 50 people have been killed in recent days, according to the UN The US State Department has already ordered most of its personnel to leave because of what officials called a deteriorating security situation and growing anti-Western sentiment. Germany’s Foreign Ministry also has recommended that its nationals leave. French government spokesman Francois Baroin said Wednesday that French citizens who can leave Ivory Coast should do so temporarily, citing “undeniable sources of worry” in the country. At least 13,000 French people are currently believed to be in Ivory Coast, which maintains close ties to France and was once the crown jewel of its former West African colonial empire. After a meeting in Paris with French President Nicolas Sarkozy, World Bank chief Robert Zoellick confirmed Wednesday that loans have been halted to Ivory Coast. The World Bank’s aid commitment to Ivory Coast was $841.9 million as of January 2010, according to the bank’s website. “The World Bank has currently stopped lending and disbursing funds to the Ivory Coast and the World Bank’s office (in Abidjan) has been closed,” a statement from the agency said. “The World Bank and the African Development Bank have supported ECOWAS and the African Union, in sending the message to President Gbagbo that he has lost the election and needs to step down,” it said. Ouattara has also sought to use financial pressure to force Gbagbo out, appealing to the West African central bank (BCEAO) to cut off his access to state coffers, making it impossible to pay civil servants and soldiers. Such a move could set the stage for mass defections and turn the tide against Gbagbo. The latest international pressure on Wednesday to force Gbagbo out comes amid rising concerns about violence in Ivory Coast. The UN says that it has growing evidence of “massive violations of human rights.” Over the weekend, masked gunmen opened fire on the UN base in Ivory Coast, though no one from the global body was harmed in the attack. Two military observers were wounded in another attack. The UN also says armed men have been intimidating UN staff at their private homes. Toussaint Alain, an adviser for Gbagbo, said he didn’t believe soldiers or people close to Gbagbo would carry out such acts. UN Secretary-General Ban Ki-moon on Tuesday also expressed concern that peacekeepers will face a critical situation in the coming days unless Gbagbo removes a blockade around his opponent’s headquarters. Hundreds of UN troops are protecting the hotel where Ouattara is based, but they are encircled by forces loyal to Gbagbo. Gbagbo said late Tuesday that people could leave the Golf Hotel, but Ouattara’s people say they’re still not venturing out for fear of a trap. And the UN has said that its supply convoys are still being turned back, and that food, water and needed medication aren’t getting through. “Any attempt to starve the United Nations mission into submission will not be tolerated,” Ban said Tuesday. Ban is also worried about fighters from neighboring Liberia entering into the growing political crisis in Ivory Coast. The UN peacekeeping force in Ivory Coast has “confirmed that mercenaries, including freelance former combatants from Liberia, have been recruited to target certain groups in the population, he said. Ivory Coast’s 2002-2003 civil war saw the involvement of Liberians fighting on nearly all sides of the conflict. Liberia itself suffered brutal back-to-back civil wars that lasted until 2003, and the two countries share a porous, 370-mile-(600-kilometer)-long border. Liberia’s president has urged citizens not to get involved in Ivory Coast’s latest political crisis. Ivory Coast was once an economic hub because of its role as the world’s top cocoa producer. The 2002-2003 civil war split the country into a rebel-controlled north and a loyalist south. While the country officially reunited in a 2007 peace deal, Ouattara still draws his support from the northern half of the country where he was born while Gbagbo’s power base is in the south. Gbagbo claimed victory in the presidential election only after his allies threw out half a million ballots from Ouattara strongholds in the north, a move that infuriated residents there who have long felt they are treated as foreigners in their own country by southerners. Experts say there are few strong options for forcing Gbagbo out of office as there is little support for a military intervention. The United States imposed sanctions Tuesday against Gbagbo, his wife and about 30 allies, and the EU also has approved sanctions. Such punitive measures, though, have typically failed to reverse illegal power grabs in Africa in the past. |
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susan66
Master |
23-Dec-2010 00:47
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Thanks for the timing analysis once again. Few days back already feel like selling but still "hope" it can hold >0.30 as I missed the surge to 0.335. After that no more chance to sell higher. After looking at the chart last night, get prepared to cut soon. Luckily made the right decision to cut 0.30 this morning as this kind of pattern if breakdown is no laughing business. Never knew it happened so fast, heng! Anytime must prepare our sword in case. 
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Andrew
Master |
23-Dec-2010 00:13
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Ivory Coast is dead serious leh......the loser don't want to leave office and a civil war is coming. When law and order breakdown, you know what will happen. The last time I read about their report is that 80% of their NAV is biological asset. And these plantations are operating under government concession hor. They have a rubber processing plant and plantation there.......it is not simply a delay in shipment lor. So the panic is not without merit leh..... Good Luck Good Hunting !!
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