Golden Agri-Res    Last:0.29    -0.005

GoldenAgr

iPunter      ( Date: 07-Mar-2011 09:20) Posted: You are so 'guai' (good boy)...         When playing stocks, one must be " guai" ...           If we don't respect the market, the market will cane us... Joe2020      ( Date: 07-Mar-2011 09:18) Posted: This Libya and Oil price is going to stay for a while...any rebound is simply technical not fundamental...I see it is a downtrend...You made the right choice to stay aside at 0.70....me too..make a little is a better than losing a bundle.

 

You are so 'guai' (good boy)...

        When playing stocks, one must be " guai" ...

          If we don't respect the market, the market will cane us...

Joe2020      ( Date: 07-Mar-2011 09:18) Posted: This Libya and Oil price is going to stay for a while...any rebound is simply technical not fundamental...I see it is a downtrend...You made the right choice to stay aside at 0.70....me too..make a little is a better than losing a bundle.. iPunter      ( Date: 07-Mar-2011 09:15) Posted: Yup... Looks bad...         anyway I've  stepped aside  @.70

 

This Libya and Oil price is going to stay for a while...any rebound is simply technical not fundamental...I see it is a downtrend...You made the right choice to stay aside at 0.70....me too..make a little is a better than losing a bundle..

iPunter      ( Date: 07-Mar-2011 09:15) Posted: Yup... Looks bad...         anyway I've  stepped aside  @.70 Joe2020      ( Date: 07-Mar-2011 09:10) Posted: Golden Agri Turning into Gorden Ugly....... RuN FoR yOuR LIfe

 

Yup... Looks bad...

        anyway I've  stepped aside  @.70

Joe2020      ( Date: 07-Mar-2011 09:10) Posted: Golden Agri Turning into Gorden Ugly....... RuN FoR yOuR LIfe

 

Golden Agri Turning into Gorden Ugly....... RuN FoR yOuR LIfe

 

On Friday, Golden Agri re-tests the resistance at $0.71 and closed at $0.705 with LOW volume of 67.73 million shares traded.

A black candle stick with little upper shadow affirms that bulls attempted to break the resistance but failed.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Golden Agri: $0.71

Immediate Support of Golden Agri: $0.685

Currently prices are resisted by 100 days MA.

After recent rally, Golden Agri has shown signs of ................ READ MORE

 

 

CPO gets boost from rising crude oil prices

PETALING JAYA: Plantation stocks are back on the radar of most brokerages as rising crude oil prices have given a boost to crude palm oil (CPO), an alternative feedstock for biofuel production.

On Bursa Malaysia yesterday, Kuala Lumpur Kepong Bhd (KLK) headed the gainers' list, rising 60 sen to close at RM21.10. Big plantations on the rise include United Plantation Bhd, which settled 30 sen higher at RM17.60, while Sime Darby Bhd added nine sen to RM9.17 and IOI Corp Bhd firmed up 16 sen to RM5.73.

With crude oil rising above US$100 a barrel, analysts said that production of biodiesel using CPO would be deemed viable again.

The local CPO futures ended yesterday above RM3,600 a tonne with the three-month benchmark May contract closing higher at RM60 to RM3,660 a tonne.

Jupiter Securities head of research Pong Teng Siew told StarBizWeek that the rise in most local plantation stocks now was driven by fundamentals.

“They include lower inventory levels, supply constraint due to palm tree stress and severe floods in major producing areas on the back of continued increasing demand for CPO.

“The current supply constraint is affecting not only palm oil but also many other food-based agriculture crops like soybean and wheat,” he said.

Pong, who is bullish on the plantation sector, said: “I expect CPO can even exceed the previous high of RM4,486 per tonne in 2008 by the latter part of this year should the supply constraint persist.”

HwangDBS Vickers Research in its report yesterday said that plantation stocks would regain their shine as the high oil prices could help limit the fall in CPO prices.

Relative to palm and soybean oil prices, crude oil has been a laggard over the past six months, the report said.

“As such, a rise in crude oil prices does not necessarily translate to a rise in palm and soybean oil prices,” it said. “We expect additional supplies to result in lower palm oil prices in the second half of 2011.”

However, rising crude oil prices could make biodiesel production viable again, HwangDBS Vickers said.

Additional demand from the energy segment would help absorb higher palm oil supplies as well as limit the downside to CPO prices.

For this year, the brokerage expects CPO prices to average between RM2,500 and RM3,000 a tonne, down from the current level of about RM3,600.

It said an anticipated recovery in fresh fruit bunches yields should start from next month onwards and peak during August-November.

“This could result in an increase in the local palm oil inventory, thus increasing CPO price discount to soybean oil,” it said.

A trader said the CPO price discount had narrowed to US$40 to US$50 per tonne from US$140 to US$200 previously.

MIDF Research in its recent report also maintained a positive view on the sector. “We reiterate our average CPO price at RM3,400 per tonne for 2011.”

 

Raymond James’ P. Arthur Huprich published a terrific list of rules at year’s end. Other than commandment #1, they are in no particular order:

• Commandment #1: “Thou Shall Not Trade Against the Trend.”

• Portfolios heavy with underperforming stocks rarely outperform the stock market!

• There is nothing new on Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again, mostly due to human nature.

• Sell when you can, not when you have to.

• Bulls make money, bears make money, and “pigs” get slaughtered.

• We can’t control the stock market. The very best we can do is to try to understand what the stock market is trying to tell us.

• Understanding mass psychology is just as important as understanding fundamentals and economics.

• Learn to take losses quickly, don’t expect to be right all the time, and learn from your mistakes.

• Don’t think you can consistently buy at the bottom or sell at the top. This can rarely be consistently done.

• When trading, remain objective. Don’t have a preconceived idea or prejudice. Said another way, “the great names in Trading all have the same trait: An ability to shift on a dime when the shifting time comes.”

• Any dead fish can go with the flow. Yet, it takes a strong fish to swim against the flow. In other words, what seems “hard” at the time is usually, over time, right.

• Even the best looking chart can fall apart for no apparent reason. Thus, never fall in love with a position but instead remain vigilant in managing risk and expectations. Use volume as a confirming guidepost.

• When trading, if a stock doesn’t perform as expected within a short time period, either close it out or tighten your stop-loss point.

• As long as a stock is acting right and the market is “in-gear,” don’t be in a hurry to take a profit on the whole positions. Scale out instead.

• Never let a profitable trade turn into a loss, and never let an initial trading position turn into a long-term one because it is at a loss.

• Don’t buy a stock simply because it has had a big decline from its high and is now a “better value ” wait for the market to recognize “value” first.

• Don’t average trading losses, meaning don’t put “good” money after “bad.” Adding to a losing position will lead to ruin. Ask the Nobel Laureates of Long-Term Capital Management.

• Human emotion is a big enemy of the average investor and trader. Be patient and unemotional. There are periods where traders don’t need to trade.

• Wishful thinking can be detrimental to your financial wealth.

• Don’t make investment or trading decisions based on tips. Tips are something you leave for good service.

• Where there is smoke, there is fire, or there is never just one cockroach: In other words, bad news is usually not a one-time event, more usually follows.

• Realize that a loss in the stock market is part of the investment process. The key is not letting it turn into a big one as this could devastate a portfolio.

• Said another way, “It’s not the ones that you sell that keep going up that matter. It’s the one that you don’t sell that keeps going down that does.”

The table below depicts the percentage gain necessary to get back even, after a certain percentage loss.


 

• Your odds of success improve when you buy stocks when the technical pattern confirms the fundamental opinion.

• As many participants have come to realize from 1999 to 2010, during which the S& P 500 has made no upside progress, you can lose money even in the “best companies” if your timing is wrong. Yet, if the technical pattern dictates, you can make money on a short-term basis even in stocks that have a “mixed” fundamental opinion.

• To the best of your ability, try to keep your priorities in line. Don’t let the “greed factor” that Wall Street can generate outweigh other just as important areas of your life. Balance the physical, mental, spiritual, relational, and financial needs of life.

• Technical analysis is a windsock, not a crystal ball. It is a skill that improves with experience and study. Always be a student, there is always someone smarter than you!

Great stuff, Art!

 

Crude Palm Oil Price: RM 3660

 

When playing stocks, it is a must to make an assumption of the direction


      and then stick to it as long as the restricting parameters (which are voluntarily self-imposed)

              are still intact. A trend can never be declared by anyone to be 'intact', for the obvious

                    reason that no one can foresee the next price move, until after it has happened... 

 

whats your stop loss? what timeframe are you looking at?

Isolator      ( Date: 04-Mar-2011 23:15) Posted: The downtrend still intact... My short position still open...  Of cos can still short it... epliew      ( Date: 04-Mar-2011 20:38) Posted: isolator, are u around

 

The downtrend still intact... My short position still open...  Of cos can still short it...

epliew      ( Date: 04-Mar-2011 20:38) Posted: isolator, are u around ? epliew      ( Date: 04-Mar-2011 10:30) Posted: can short @ 0.715

 

IMHO, there is a gap to close at 76.

epliew      ( Date: 04-Mar-2011 20:53) Posted: read carefully it say support @ 0.61 and resistance @ 0.73.... huge gap in my opinion ! Sept11      ( Date: 04-Mar-2011 19:32) Posted: Come across other guy blog about GAR: http://blog.alansoon.com/investment-stocks/goldren-agri-bottom-formation-stock-prices-investment-singapore-market

 

read carefully it say support @ 0.61 and resistance @ 0.73....

huge gap in my opinion !

Sept11      ( Date: 04-Mar-2011 19:32) Posted: Come across other guy blog about GAR: http://blog.alansoon.com/investment-stocks/goldren-agri-bottom-formation-stock-prices-investment-singapore-market

 

isolator, are u around ?

epliew      ( Date: 04-Mar-2011 10:30) Posted: can short @ 0.715 ? Isolator      ( Date: 03-Mar-2011 17:13) Posted: My short position still open....

 

Come across other guy blog about GAR: http://blog.alansoon.com/investment-stocks/goldren-agri-bottom-formation-stock-prices-investment-singapore-market

 

Today Lady Gar Gar it reached it 1st resistance at 72. I hope it master up enough courage to overcome it one Monday.

 

 

I too believe on the strength of this counter but my game is to hold. Trade off only when I see shortist coming on, but also queueing lower to buy back exactly what I let go. All within a day.

Cross 1.00 by this year, possibly middle of the year....

hotokee      ( Date: 04-Mar-2011 11:49) Posted: Yes, I believe if you have good surplus of cash, buy up this very strong counter. I have took profits, but bought again ave lesser than 70 cents.   15 lots only already.

 

You can look at it that way...   but I hope you get the point...

              which is:-  be prepared to be wrong ,

                        and then act accordingly.

                                If right, then open champagne...

noonelikeme      ( Date: 04-Mar-2011 11:45) Posted: LPPL ? iPunter      ( Date: 04-Mar-2011 11:44) Posted: It's likely to go up some more, but also likely to go down...           no one can tell the result of the ongoing elephant fight...