Golden Agri-Res    Last:0.295   -

GoldenAgr

On Friday, Golden Agri broke the support at $0.715 and closed at $0.71 with HIGH volume of 0.234 billion shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish as RSI falls sharply downwards.

Important Resistance of Golden Agri: $0.715

Immediate Support of Golden Agri: $0.70

Currently prices are supported by 100 days MA at $0.70

For the past 2 days, Golden Agri has been under heavy selling pressure as prices fell down swiftly.

The support at $0.68 is expected to be....................READ MORE

 

I think 69 cents can buy liao :)

GuavaXF30      ( Date: 22-Jan-2011 16:38) Posted: If drop by 60 cts, even DBS and UOB and any blue chip would have lau sai already.... That price was back during the sub-prime crisis. Lowest GAR went to was 0.165 cts. I also hope it will drop to this again.... coolbunny      ( Date: 22-Jan-2011 13:37) Posted: 6 cts lah. If 60 cts I go jump sea liao.......

 

If drop by 60 cts, even DBS and UOB and any blue chip would have lau sai already.... That price was back during the sub-prime crisis. Lowest GAR went to was 0.165 cts. I also hope it will drop to this again....

coolbunny      ( Date: 22-Jan-2011 13:37) Posted: 6 cts lah. If 60 cts I go jump sea liao....... stocksburntme      ( Date: 21-Jan-2011 17:45) Posted: drop 60 cts in 1 week. sad~

 

6 cts lah. If 60 cts I go jump sea liao.......

stocksburntme      ( Date: 21-Jan-2011 17:45) Posted: drop 60 cts in 1 week. sad~

 

Good thinking. Only come in if you see the big BB's buying up. It's okay not to be able to get the lowest price as long as you catch the momentum when it's going up. Unless you are holder. In that case, it does not matter. Sooner or later GAR will cross S$1.00... But then again, many other counters will see upside too. Just which one will move more....  

yummygd      ( Date: 21-Jan-2011 20:01) Posted: think monday will rebound? i will keep an eye out if rebound will jump back in... GuavaXF30      ( Date: 21-Jan-2011 17:53) Posted: Happy for you but no worries for the rest. Selling way overdone. I believe, from the volume history, it's contra players who have run out of time. And the contra players for GAR are Big time BB's. Millions of shares in one trade is common.

 

trapped at 79c at normal account; but short at 76c thru DMA, covered at 72c today; it may go down further below 70c before goes up in early Feb. will long if below 68c. sad for those heavily trapped. 

 

think monday will rebound? i will keep an eye out if rebound will jump back in...

GuavaXF30      ( Date: 21-Jan-2011 17:53) Posted: Happy for you but no worries for the rest. Selling way overdone. I believe, from the volume history, it's contra players who have run out of time. And the contra players for GAR are Big time BB's. Millions of shares in one trade is common. yummygd      ( Date: 21-Jan-2011 17:28) Posted: good lord bloodshed. really one must not hesitate to cut loss. i hesitated...could have cut at 0.740 but i thought maybe reversel den all of a sudden 0.735 broke den 0.730 broke den 0.725 heng i managed to sell at 0.730 closing price is 2 cent lower den my cut loss wow. for my small small lots that 100 dollars extra...

 

Happy for you but no worries for the rest. Selling way overdone. I believe, from the volume history, it's contra players who have run out of time. And the contra players for GAR are Big time BB's. Millions of shares in one trade is common.

yummygd      ( Date: 21-Jan-2011 17:28) Posted: good lord bloodshed. really one must not hesitate to cut loss. i hesitated...could have cut at 0.740 but i thought maybe reversel den all of a sudden 0.735 broke den 0.730 broke den 0.725 heng i managed to sell at 0.730 closing price is 2 cent lower den my cut loss wow. for my small small lots that 100 dollars extra...

 

drop 60 cts in 1 week. sad~

 

good lord bloodshed. really one must not hesitate to cut loss. i hesitated...could have cut at 0.740 but i thought maybe reversel den all of a sudden 0.735 broke den 0.730 broke den 0.725 heng i managed to sell at 0.730 closing price is 2 cent lower den my cut loss wow. for my small small lots that 100 dollars extra...

 

One consolation news for GAR

 Substantial Shareholder : Massingham International Ltd, bought 61 mil shares from open market on 20 Jan, thus increase stake from 36.56% to 37.06%. (announcement in SGX)

 

 

Last Oct I bought at 0.665 and sold at 0.75 leh. This baby made $$$ for me so I bought again lor. But at high price of 0.79. I still have faith in this baby. Just hold tight tight.....

shoemaker      ( Date: 21-Jan-2011 16:10) Posted: jangan tension... just wind back the clock a year ago (refer to my previous post today at 14:59) for those who bought at say, $0.58, then the price drop to $0.48. If they had held on, then they would have earned $0.13, which would be $3k+ for 25 lots. This counter is going through the same cycle... and you'll be smiling away months from now when this baby picks up again. coolbunny      ( Date: 21-Jan-2011 15:38) Posted: 25lots at 0.79. When I bought, I intend to sell before Q4 result. I cannot control the market but I can control my emotion. Never let it affect your mood and life. I can still sleep and eat these 2 days lah. But seeing going down & down, I just hope that next week will be a better week. What go down should come up. No? But I everytime very suay lor, buy liao next day price sure go down. So I normally buy at higher price.....

 

Phew... ~.~ Finally over for today...

 

someone sold 13.8 mil at 0.715.

@#!$%^ 

spiderman_er      ( Date: 21-Jan-2011 16:49) Posted: As we are chatting, buyers are coming back and sellers seems to thin down.  Hope this continue, we could see some buy-up and GAR can close 0.73 or higher.

 

As we are chatting, buyers are coming back and sellers seems to thin down.

 Hope this continue, we could see some buy-up and GAR can close 0.73 or higher.  

 

yupz im holding.. seem to have that idea that this company is sound.. so not a problem to hold..

lisval      ( Date: 21-Jan-2011 16:23) Posted: To all those who are holding at higher levels, average up when the stock price turns up. If everyone cooperate and doesn't sell, the price will sure go up as there are no sellers, shortists will have to buy at higher levels.

 

We can't fight with the big boys because we don't have that kind of money. If we know their game plan we can avoid losing money. When you average down, sure die one, because if the stock price keeps going down you will end up buying more, loosing more of your capital as you will not know where is the bottom. I will stop buying until I see the stock price rebounding and double buy.

 

as far as i know, if u want to average, u must average down not up

lisval      ( Date: 21-Jan-2011 16:23) Posted: To all those who are holding at higher levels, average up when the stock price turns up. If everyone cooperate and doesn't sell, the price will sure go up as there are no sellers, shortists will have to buy at higher levels.

 

We small fishes are always bullied by the big traders. Post bad news here and there, we panic and sell to them. Lately because of bad weather the palm trees are battered thus less production. Bad weather can't be forever.

 

You got how much capital to fight with BBs?

lisval      ( Date: 21-Jan-2011 16:23) Posted: To all those who are holding at higher levels, average up when the stock price turns up. If everyone cooperate and doesn't sell, the price will sure go up as there are no sellers, shortists will have to buy at higher levels.