Golden Agri-Res    Last:0.245    +0.005

GoldenAgr

Soybean futures up yesterday, CPO prices up today, Wilmar up today, Indo agri up today, first resources up today,  Golden agri still not moving:  really wondering why??  Is there something that we don't know???  Still vested based on fundamentals.

 

No big sell down today until now. Hm...looks like shortist on the halted for the time being.

 

hmmm. i'm kinda new at trading and invested in goldenagri. any gurus care to enlighten as to why this counter seems to be stuck at 9.4-9.45?? its been 2 weeks and this stock seems to be somewhat limited in its growth.. sigh..

 

Soybean futures up strongly in CBOT trading.  With crude oil price at $US118/barrel and above,  palm oil futures will likely be positive.  I think this may provide the necessary trigger for palm oil counters to go up further.  Golden agri's FY 07 earning of 33 cent/share and translated to a post bonus issue of  P/E is less than 6 certainly looks attractive. NAV if it includes revaluation of Biological assets will definitely be higher this FY.  With demand for palm oil still strong and the fact that traditional buying season starting in April /May;  this counter provides good value for investing.  Vested. My opinion.  Hoping for a breakout soon.

investor38      ( Date: 15-Apr-2008 15:35) Posted: I expect resistance at .98 cents to be broken soon.  Just look at palm oil futures.  This counter is always a laggard among all the palm oil counters.  As I said before when CPO prices was 2100 to 2200 same time last year golden agri was about 66 to 72 cents.  Simple calculation will tell you that with increasing demand and CPO prices at current levels,  palm oil company are raking in.  Share prices are not moving in tandem, because those in the know are suppressing it.!  That is my opinion.   Vested

 

Maybe.  But certainly bullish on candlesticks and other technicals.  Hopefully breakout tomorrow. Waited too long!!!

 

 

17:05:01

0.945

1,420,000

X

 

Is it short coverings?

 

BREAK OUT HAPPENING? OR JUST COVERING IN PROCESS. WILL BE POSITIVE IF ENDS AT .94 AND ABOVE

 

CPO FUTURES TURNED POSITIVE!  SHORTISTS WILL HAVE TO COVER BACKSIDE AFTER FIERCE SELL DOWN JUST NOW.

 

CPO futures in negative territory and yet Golden agri still positive.   Wilmar and first resources fairly steady.  Indoagri probably ends at 2.39 today. Hmm! wondering what is happening?

 

Wah lao..today is like the bull fighting with the bear....to and fro, to and fro....up and down between 0.92 and 0.93. Both of the having a good time.

 

Palm oil futures has turned positive.  Shortists will have to buy back.

 

haha....well..it hit 90.5cts today...my buyQ still intact...and CPO are all in RED now...hee...

dun worry..i thk it will hit <90cts :P 

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	May 2008	3449.00	3449.00	3446.00	3446.00	3457.00	3446.00	3469.00	-23.00	1445	8
FCPO	Jun 2008	3415.00	3440.00	3415.00	3442.00	3447.00	3433.00	3460.00	-27.00	9320	31
FCPO	Jul 2008	3409.00	3449.00	3385.00	3440.00	3441.00	3441.00	3459.00	-18.00	15607	1,831
FCPO	Aug 2008	3405.00	3446.00	3405.00	3437.00	3438.00	3446.00	3463.00	-17.00	3452	126
FCPO	Sep 2008	0.00	0.00	0.00	3405.00	3450.00	0.00	3402.00	0.00	1751	0
FCPO	Oct 2008	0.00	0.00	0.00	0.00	0.00	0.00	3402.00	0.00	0	0
FCPO	Nov 2008	0.00	0.00	0.00	3319.00	3450.00	0.00	3388.00	0.00	1701	0

 

 

AK_Francis      ( Date: 22-Apr-2008 10:11) Posted: Hallo Nick, you see 0.90 nearest was on 14 Apr when STI plunged 83.91pts. After that non of the 3 palm oil coys fell more than a cent per trading day except Wilma lost 2 cts on 15 Apr. Put one more 5 behind lah. Good luck:)

 

Some kopi money for the players loh. I think afternoon also no fun leow, looking at the dull market, no strengh. May find lopang for relax in pm leow. Cheers.

 

Fairly strong buy up at .93 and .935 so far despite CPO prices opening negative.  Another buy up in the morning and sell off in the afternoon routine?  or is a break out imminent?  Wilmar has been relatively table,  Indo agri likely to well supported at 2.39.

 

Hallo Nick, you see 0.90 nearest was on 14 Apr when STI plunged 83.91pts. After that non of the 3 palm oil coys fell more than a cent per trading day except Wilma lost 2 cts on 15 Apr.

Put one more 5 behind lah. Good luck:)

 

har?? ok...i buyQ 10x at 90cts liao !! hee...

cheers ! :) 

 

.905 got chance leow. Q now. Cheers.

 

waiting at 83 cents

 

CPO prices have been trading in the 3600-3700 range in the past few days. The last 2 days, it fell below 3600 ringgit. For Golden Agri, it's in a symmetrical triangle consolidation. Price is trapped by double resistances of 50-day and 100-day MAs. Other palm oil stocks have fallen. More likely than not, GAR may breakdown soon. This is my interpretation.

 

Look like big funds quietly unloading btw 0.92-0.94, retail investors pick up..