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very rare for this counter to trade >22m at half day trade....pull out of my intention to short in case it runs up...last few days drop from 20.5 to 20 to 19.5 to 19 to 18.5cts.....have been shorting it since futures is down or going to go down further....but today...pull out at half day...as last week high vol may cause force selling and force selling looks like it is over.....
According to my data, H1 07 ave rubber price
- is better than FY 06 ave rubber price.
- is better than H2 06 ave rubber price.
- is about the same as H1 ave rubber price.
The above is for the info of those interested..... but please don't get me embroiled with the ongoing squabbling amongst some of the GMG forumers.
Queing to sell at 19.5cts and hope to cover by 5pm ..ope 3rd time lucky...since futures of rubber dropping and GMG is unlikely to spike upwards at least not in the next few days...but notice vol picking up today...can some expert comment..
More bad news!
Rubber Declines in Tokyo as Precious Metals Lure Away Investors. See article in the other thread.
The top demand season has already passed, so supplies are starting to come up," said Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures Ltd. in Tokyo. "The market looks like it's getting much weaker."
TOCOM rubber remained bearish on the charts, with the key contract slumping below the 200-day MA of 254.1 yen.
Investment funds are now a major force in directing the market, and market participants say their role has grown even larger as the scale of the Tokyo rubber market has shrunk in terms of turnover and volume. Traders say TOCOM rubber could now test this year's low of 235.8 yen set on Jan. 8.
Moving......Moving.......Moving........UP....UP......UP......UP........UP
All the good post ratings to only certain people smacks of manipulation. Trying to give points to each other, is it? It don't bother me.
Long term outlook is bearish.
TOCOM Rubber for Dec delivery fell to an intra-day low of 249.4 yen/kg and closed at 252.4 yen/kg. Both are below the 200-day MA at 253.8 yen/kg.
Don't get too excited. It's 200 yen by Nov as mentioned in the other thread. Although it'll continue to fall, shorting is too risky and I wouldn't recommend it.
so can short again...since rubber futures may drop to 200yen/kg....Queueing up at 19cts @ 500 lots to short but not done this morning till now
TOCOM rubber futures may drop to as low as 200 yen/kg. More downside.
You can fool yourselves, but not others!
buy when volume picks up...and short when mkt sentiment turns worse as many contra players won't pick up their shares,,has worked consistently...so far so good eg bought Banjoo at 14cts and sold at 24cts...bought again when it drop to 22.5cts and sold at 26cts...short at 26cts on many occasions and cover back same day at 24.5cts b4 mkt close....but today not willing to short GMG Global as wall street recovers....besides my broker also recomends that GMG Global..the play is still on and TP is 25cts....in fact que to buy at 18.5cts...just my way of trading only.....
Since mkt sentiment is bad.. I short 500 lot at 20.5cts on 26 june tue and cover by 5pm at 20cts...june 27 wed I short again 19.5cts early morning..500lots and cover by 5pm at 18.5cts...can I take risk again by shorting on june 28 if wall street drops again since short term GMG Global is unlikely to move up as suggested by fallng future rubber prices.....your expert advice plse..tks a million in advance
wow. starting falling again :-(
Eye specialist can cure red eyes. No worry.
Haha...getting red eyed when other people make money while he misses the boat....!!!
While smart investors laughing all the way to the bank, confused investor is still trying to figure out why GMG can break the 18c barrier and surged way above the good selling price of 17c!!! Look like cannot get a correlation between day to day TOCOM index to GMG share price.....now attempting other methods to forecast GMG's share price..........
What rubbish is the P......i.........( ), talking about?????????? Trying to talk down the counter