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High vol could be due to invester selling out...at today hiogh commodities px..this stock should be shining..why they sell out???i just could not understand??maybe they know bad news in advance..i think Ferrochina is a better bet..good luck
im expecting 1.9 can i make it?
target price?
seems like golden is not moving too much even the market is running high. could it be the side effect after fri 200 million shares trade by investor???
quite worry holding on to 40 lots!!! should i throw at 1.87???
any advise?
sick man
FinanceAsia magazine reported that 2 investors of Golden Agri raised $400.5m by selling 225m shares at $1.78.
Looking at Dow furthering its Rally for the 4th day, and more aid by the US to tackle Subprime issues nx wed, wondering whether this counter will rebound on Monday.. bck to $2...?? WIlmar has chiong 20 over cents last friday... Go Agri go..
Cheers,
ttman
Yes, CashierTan could be right
commodities price will rise maybe not for oil at the moment. look for metals and non oil agriculture.
Noble maybe a better indicators of commodities performance.
Are you sure CPO index holding strong ????
Oil price tumbled below $90.
So is palm oil futures.
http://www.palmoil.com/index.php?q=D1VTWls=
In short term view , better sell all commodity stocks and keep cash.
Do not panic...the BB sold share maybe due to other reasons. After the selling down, the price movement will be back to normal again, provided the financial fundamental/outlook remains on track.
CPO index still holding strong....
so how will it affect the going of this unit? any advise! im still holding on to it!! help
November 30, 2007, 10.25 am (Singapore time)
Investor selling 200m Golden-Agri shares
SINGAPORE - An unidentified institutional investor is selling around 200 million shares of Singapore-listed Golden Agri-Resources at between $1.76 and $1.85 a share, market sources said on Friday.
Bankers
said that CLSA is handling the sale, which would be worth around $370
million (US$256 million) if priced at the top end of the offer range.
At 0207 GMT, Golden Agri shares were down 5.6 per cent at $1.86 with almost 14 million shares traded. -- REUTERS
Wah the 230000 lots at 1.78 !! guys wat happen?
any news?
