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FR and Yangzijiang are of almost the same price region...and the volume are equally very high too....i noticed in the afternoon the trading patterns seemed to have similarities...ppl might be taking it as a "benchmark"
sharethebest... Have you sold yours. I got in again $1.18...Hope this counter will shine again tmr morning... BR
Wah, lucky man. yesterday's lowest price is $1.20, if get even better.
Yesterday Wall Street tumble & on top of that Crude also fall, so expected that Palm also will follow but it goes on its on own trend to arrive higher than yesterday closing.
So can celebrate already, big ang pow for your CNY. Nevermind save ur bullet for other days, today shoot up too high, better don't chase. Other counters lose money, but this counter can make up.
sharethebest. Bought at 1.35 yesterday... Sold today at 1.53. Lost on other counter...
Regards
Kesonic
What price did u buy?
Yesterday, crude fell below $90, palm oil should fall too, its a matter of time.
Today due to Fri, that's why pple are buying up to have more time to sell, T+5. That's what I think should be the reason it is still going up, logically speaking should follow crude oil fall.
How come no posting for FR for a while. Hope it head north tmr...
Best Regards
Seems to be weak in the mkt, don't think price will head to 1.80 as its peers are also gg weak.
First Resource is really a good counter, volume building up, crosses its 1.70 barrier, now heading north. Pass the correction & should be reaching the 1.80 soon. Those vested, good luck. Big money for CNY.
How's the prediction today, since crude oil prices are up, palm oil should follow the crude oil prices. May First Resources make it to 1.80 plus, hope everybody vested can make more $$ for CNY.
CPO prices surged >4%. After a brief correction, it'll continue its uptrend.
With the DOW up strong so far, I think this counter can go up again to recent heights this week..
In a sea of Red, this is 1 of the very few which managed to stay up!
actually i noticed since last wk this counter is very easy to contra...if u notice that the first few mins into trade...u see BUY UP volume tt is considerable...this piece of counter is able to make u some money for the day...as simple as tt...but dun be greedy...take and run...cos this is very volatile too...
i personally took up this strategy becoz it worked...and i bought around 9.01am...and sold off at 9.02am with a gain at $0.02...
this is juz a personal strategy used in intra-day...not an inducement to buy...but more for sharing purposes
a pretty wild counter yea~
Anyone with any idea where this counter will go in the coming week? Several forumers think it will go down some more due to the staggering increases recently. I personally think it will go back up cos I understand that the price of palm oil is closely linked to crude oil and crude is trading at around US$93. Its on the lower side of recent crude prices. Therefore, crude should shoot back up follwed by palm oil.
Let see if my 'analysis' is right...
I'm vested btw..
Hi serence,
I see prices dropping another 10-20%. I suggest you cut loss on half your stocks and use the money to buy better counters. I see value appearing in some stocks which presents a good opportunity to buy.
First Resources has, in fact, almost doubled to $1.95 from its low of $0.995. However, it is grossly overbought now. RSI is in the 90s. Will be in profit taking mode for a while.
eh wait lah. don't be in a rush to chiong into firstres yet. it has just chionged up past few sessions. give it time to settle down first...williams at -25 only. if you're lkg at commodities, it's wilmar, firstres, golden agri and indo agri. the middle two are in my watchlist. not yet tho; they track the px of crude, which is currently retracing. but long term, yes, for this year, commodities are one main theme. cheers! :)
Serene, commoditiy boom is here to stay. Try looking at these counters ; Wilmar is a good choice. Study it. You MUST hold and grow with the company.
serence - you are not alone. Majority who do not know how to cut loss or take profit, will get stuck and suffer paper losses. If you are lucky the stock price you are holding may turn around and you can recover your loss. First of all I think you are holding too many stocks.(Too many to monitor) You should go read up the fundamentals of the company, profit and loss and analyse if the stock is worth keeping. Go lookup the charts of each stock you have and see if it's going up or downtrend. If company is in bad shape or no prospects in the near future, you should cut. Recover cash so that when there's opportunity buy into one or two good companies. It'll take time to recover your losses.