F & N    Last:1.22    -0.01

F&N

break support can mean only 1 thing...SHORT!

 

The breakdown happened yesterday.

iPunter      ( Date: 04-Mar-2009 09:37) Posted: F&N just broke through the multi-year low floor... Let's see what the fund managers are going to do next... (no prizes for this one)... hehehe...

 

F&N just broke through the multi-year low floor...

Let's see what the fund managers are going to do next...

(no prizes for this one)... hehehe...

 

There's no need to know why...
In any case, it is not possible to know all the whys...

Let the market's own action speak for itself for you...

Read the chart... but the chart only gives a slight hint, nothing more powerful...    

 

Probably BB held up till now...

 

 

btw, why is the last news affecting them so much?

 

Attractive when seen (read felt) against higher prices, but that is purely relative.

Market value is more realistic than 'real' value or book value...

Market is the only reality...

(It's all about timing your bet... but that is still a bet, albeit a good bet!)...

 

Me too

 

 

yeah, i m still waiting.......

 

If can wait...more n more attractive is coming...

 

I agree with you fully...2.32 is damn attractive for the blue!......HOOT LAH!

mario1      ( Date: 25-Feb-2009 14:24) Posted: i dont know if it will drop further, 2.32 is really attractive...

 

i dont know if it will drop further, 2.32 is really attractive...

 

Wow ... recent news have really push the price down to attractive level.

 

It may not be a deliberate 'short it down' ...

It may just be sensible rational action to sell off holdings...

 

trader88.sg      ( Date: 21-Feb-2009 15:56) Posted: Short sellers are taking this opportunity to short it down. Perhaps it is safer to wait for the shortists to do their round of actions before going long.

 

Short sellers are taking this opportunity to short it down. Perhaps it is safer to wait for the shortists to do their round of actions before going long.  

 

Yesterday F&N Financial Controller has announce that there was No impact to F&N Group regarding the renewal issue . Link can be download at SGX WEbsite. 

However share price drop,drop,and drop further more. Don't care, just vested another 4 lot.

 

You said it... it dropped some more... 

The whole market outlook is rather bleak...   

 

i think it will go lower..

 

Looks like negative news for the masses is a good time to buy yesterday...

Today, it's already up...  

 

The non renewal of the coca cola contract is really a hit on the head. I am particularly worry that this stable blue chip would be terribly affected. The drink biz is a very high margin venture and contribute significantly to the bottom line of F&N. Coming out to deny is not a way to do and I believe this non renewal must have been discussed before it was disclosed and hence it seems that there is no strategy to counter the negativity.