Golden Agri-Res    Last:0.295   -

GoldenAgr

Are you Jim Roger ?

Joe2020      ( Date: 11-Mar-2011 15:36) Posted: Sorry? Are you saying that the shortist are helping me to pressure down the price? Well I agree, they are my companion in action Isolator      ( Date: 11-Mar-2011 12:48) Posted: Only real seller can bring down the price... Shortie just helping them...

 

Sorry? Are you saying that the shortist are helping me to pressure down the price? Well I agree, they are my companion in action

Isolator      ( Date: 11-Mar-2011 12:48) Posted: Only real seller can bring down the price... Shortie just helping them...

 

I can proudly say that I have broken it. LOL...

rotijai      ( Date: 11-Mar-2011 14:50) Posted: million dollars question... will gar break 65 today ?

 

so now whatbreak or not or must wait till closing is .645 

 

LOL!  What say you?  Sellers are sellers, no 'fake' or 'real'..hahaha!

Isolator      ( Date: 11-Mar-2011 12:48) Posted: Only real seller can bring down the price... Shortie just helping them...

 

crazy liao.. crazy liao

rotijai      ( Date: 11-Mar-2011 14:50) Posted: million dollars question... will gar break 65 today ?

 

million dollars question... will gar break 65 today ?

 

Only real seller can bring down the price... Shortie just helping them...

 

What I meant was to access his/her own risk appetite, and not base entries solely on forumers calls. Seeing 0.62 and 0.58 may have looked very attractive to short but that is all speculation. It could go to even 0.52.. or 0.80. It is not wrong to speculate but sometimes those new to trading might enter the market thinking they are valid calls.

Bottomline, sometimes forumers calls are nonsensical! Btw, I'm still waiting for STI to hit 4000! 

rotijai      ( Date: 11-Mar-2011 12:00) Posted: TA wise, it is rather stupid to short at 65.5.. since 65 is the support BUT if the betting of support being broken is correct, one would have earned a lot.. cause from 64 it will go to 62 :P SGG_SGG      ( Date: 11-Mar-2011 11:58) Posted: Err.... small vibration. I think maybe observe how the counter moves first before entering any position? Like now, example you had short earlier, what would you plan to do if it moves to 0.665? Something like that...

 

so does that means if it breaks 0.65 we can short at 0.645 lah hehe having so many shifu here.

 

TA wise, it is rather stupid to short at 65.5.. since 65 is the support

BUT if the betting of support being broken is correct, one would have earned a lot.. cause from 64 it will go to 62 :P

SGG_SGG      ( Date: 11-Mar-2011 11:58) Posted: Err.... small vibration. I think maybe observe how the counter moves first before entering any position? Like now, example you had short earlier, what would you plan to do if it moves to 0.665? Something like that... squallsim      ( Date: 11-Mar-2011 11:52) Posted: it went up.

 

Err.... small vibration. I think maybe observe how the counter moves first before entering any position? Like now, example you had short earlier, what would you plan to do if it moves to 0.665? Something like that...

squallsim      ( Date: 11-Mar-2011 11:52) Posted: it went up.

 

hehe

 

all depends on own's risk. i am rather weak hearted lately..

squallsim      ( Date: 11-Mar-2011 11:52) Posted: it went up.

 

it went up.

 

it's ok :)

cathylmg      ( Date: 11-Mar-2011 11:33) Posted: Don't think u can get it today. rotijai      ( Date: 11-Mar-2011 11:28) Posted: i am queuing at 62 :

 

CPO: UOBKH has CPO Report. Note that Production rose MoM in Feb despite the shorter mth due to the spillover effect from Jan. Harvesting and fruits evacuation were delayed in Jan due to heavy rain and flooding, especially in the two key producing states - Sabah (31% of Malaysia’s production) and Johor (17%).

Add that Production yield started to recover but has yet to be back to its full potential. Oil extraction rate remained low at an estimate 19-20% due to the heavy rainfall. Demand from price-sensitive segments starting to slow down. Exports in Feb 11 fell YoY and MoM, especially from price-sensitive countries, such as Pakistan, and from the energy sector (exports to the EU also declined).

Higher production and lower exports led to higher palm oil inventory in February, adding 60,130 tonnes mom to 1.48mt.

House expect CPO prices to peak in 1H11 and weaken in 2H11, this is likely to cap plantation stocks’ price performance. House is reviewing sector weighting with a potential downgrade from MARKET WEIGHT to UNDERWEIGHT. For investors who continue to like the sector and expect more upside, stick to mid-cap picks: First Resources (TP $1.83) and Sampoerna Agro (TP Rp3,800).

Msia CPO futures dropped 3.5% yday to RM 3459/mt.

Goldman notes a bearish bias at the recently concluded annual CPO price outlook conference in Msia. Price forecasts ranged from RM 2250-4100/mt, but the average was closer to RM3100/ton. Most of the speakers expect prices to be lower in 2H11.
Highlights recent data also point to rising palm oil inventories and CPO production.

Msia Palm Oil Board (MPOB) reported that Msia’s Feb ’11 palm oil inventories increased 4.2% mom to 1.48 m tons, contrary to market expectations for a 2.6% decline. Meanwhile initial indications for exports in Mar were also weak at -17%.
Also, CPO production is seasonal and typically bottoms in February. This, coupled with normalization of weak yields for the past 2 yrs, suggests CPO pdtn may have hit bottom, and should continue improving sequential.

House remains Neutral on sector, believes CPO prices may have peaked. Believes stock selection is now key. Favors IndoAgri (Buy, TP $3.10) due to attractive valuations and strong organic growth potential.

 

Don't think u can get it today.

rotijai      ( Date: 11-Mar-2011 11:28) Posted: i am queuing at 62 :P cathylmg      ( Date: 11-Mar-2011 11:27) Posted: Which means caveat emptor....haha...

 

i am queuing at 62 :P

cathylmg      ( Date: 11-Mar-2011 11:27) Posted: Which means caveat emptor....haha.... rotijai      ( Date: 11-Mar-2011 11:17) Posted: the support now is at 65 and with today's sentiment, unlikely it will go up at the moment. so the choice is urs.. either stay out of market or buy or shor

 

Which means caveat emptor....haha....

rotijai      ( Date: 11-Mar-2011 11:17) Posted: the support now is at 65 and with today's sentiment, unlikely it will go up at the moment. so the choice is urs.. either stay out of market or buy or short squallsim      ( Date: 11-Mar-2011 11:11) Posted: i see maybe i misinterpreted that by the way what can we do for golden agri now long or short? or just stay out of market first?