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Olam at this price has limited downside. Those whos short at this price range may get caught on the upside.
Some unreasonable 'thumbs down' here, I will 'thumbs up' them...
Will the gutless vermin who always gives me a thumbs down put up your case for Olam or buzz off!
I'm short olam
The reality is this stock has been in decline for almost three years now, from $3.37 in Nov 2010. The only thing that has been going up is its leverage. It is drowing in debt.
its apply to all the counters, not Olam alone.
For every buyer there is a seller. So for somebody to think $1.42-1.44 is a good buy, there is also somebody who thinks not.
Yeah,
One big fund had already collected some good deal on 30th August.
Price bought is between 1.42 to 1.44.
Take a look at SGX announcement for more details.
TinyPotato ( Date: 12-Sep-2013 19:07) Posted:
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Looking good. Can pick some on dip. dyodd.
Don't know if tml olam got any chance to fly..
bishan22 ( Date: 12-Sep-2013 16:41) Posted:
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Commodities all cheong arhhhhhhhhhhhhh.
luminol ( Date: 12-Sep-2013 16:39) Posted:
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last min chiong?
noble and wilmar up today.
so Olam most likely
up or down.
looks like going to reverse up.
...base on yahoo 5-years chart... it hit below $1.00 during Dec '08...
...since then on uptrend till Jan '11 hit slightly below $3.50... after which on down trend...
Still on downtrend. May hit 1.20.
Price is trading below its lower bollinger band. Watch for stochastic crossover to enter.
Haha, ageed. Ang mo big cock. Don't they ever sell short co of their own kind before instead of keep aiming Asian or Chinese co.
derekchong ( Date: 04-Sep-2013 09:35) Posted:
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Bought liao :)
lynn89 ( Date: 04-Sep-2013 13:36) Posted:
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Time to buy in.Olam has bottomed out !!!