
Now this counter have become STI some more in top 30. Will this counter face like yangzijiang being remove?
I am concern more on wilmar (not vested here) as it is king of oil palm business..
teeth53 ( Date: 11-Sep-2008 19:32) Posted:
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Severe contraction in worldwide economy affecting every sectors. Even the bluest of blue chips, palm oil or otherwise has succumbed to the selling pressure. The bears has taken over. Demand for commodity will only pick up with economic recovery. It's that simple. What goes up must come down and what goes down must come up! Buy, sell or hold will depend on your own investment time frame and your financial strength.
Stupidbear ( Date: 11-Sep-2008 17:43) Posted:
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39.5ct...going, 30.0ct going..., 17.5ct...that is more then half ps down..a big if...Ya.
Does the same can happen to Wilmar ?, from $5.50ct Plus, plus to $3.22ct as of today. king in oil palm business and it keep on expanding very aggresively.
LOL.........
wha u very bad....
Stupidbear ( Date: 11-Sep-2008 17:43) Posted:
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well, the saying goes that the bull climbs by the stairs, but the bear jumps out by the window. *freefall* .
another forumer had requested the support levels for GAr, so am posting it out here for all as well. Pls take as guidance only, and not as fixed.
3 year weekly charts for GAr:
Support at 39.5, then 30, then 17.5.
Note that GAr is currently resting on one of its major supports now (the 39.5-42.5 pivot). Which is why you may see select buying. A breakage of this level would be bad as this was its Aug 17 07 support (the day of the major crash). 30c is back to Sept 06, about just before the start of the bull run.
fyi only.
ha ha, one great man said, fr nursery to harvest, 30 yrs also not long loh.
oops, by then he alrdy 115 liao, may be still holding Honorary President, an Olympic and World record. he he.
relax lah, jangan tension, mooncake festival is coming.
Bear takes less than a year to pull price to reach bottom compare with Bull takes the sweet times climb up slowly and might need few years to hit many times history high !
Bear cycle shorter , Bull longer !
RoundStar ( Date: 11-Sep-2008 00:03) Posted:
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I'm not god and can't predict what will happen in future . Just ask yourself which one more risky compare this two ?? buy at 52 weeks low or chase after always hit new height everyday ??
des_khor ( Date: 10-Sep-2008 18:56) Posted:
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I don't mean to discourage buying cheap.
We can buy at discount when it's bull market because the greater market sentiment will lift up the price.
Buying at any discount of cyclical stocks are worst bet. One may be very disappointed to see the cycle may not come.
Look at dot com and tech cycle. Has Nasdaq ever reached that high again?
Look at Creative Tech.. has it ever reached $65 again?
It never!!!
des_khor ( Date: 10-Sep-2008 18:56) Posted:
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Enter at this level you are very safe compare those bought last year ! Anyway if you prepare to stuck for years and I believe the return will be greater...
Remember this... after the Bear next will be Bull....
Nobody knows where the bottom is. But I just looked up the first half report. CAGR's NAV is 60cents S$! Its EPS is 14c so PE is like 3x. At 41c now it's sooooo cheap.
And today's volume >80M, I think its very near bottom.
And when OPEC gets their act together to support oil price in some stable way at around 100 or higher, CPO price will go back up. I think it is buy here for investors.
des_khor ( Date: 10-Sep-2008 01:08) Posted:
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RoundStar ( Date: 10-Sep-2008 00:03) Posted:
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