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661-680 of 1250
swing like this will also caught short sellers.
A lot of people kana caught like crazy. This counter is very volatile, very difficult to play.
Octavia ( Date: 21-Jun-2013 17:14) Posted:
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Maybe a portfolio reshuffling...seems like big vol got to clear off today at the close.
u r right!closing sell down.
Octavia ( Date: 21-Jun-2013 17:07) Posted:
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last done before 5pm was $3.36 then final close $3.26... doesnt look good.
Haha machiam pump and dump
10c wipe off during pre-closing.
New123 ( Date: 21-Jun-2013 16:45) Posted:
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don't think so! chart is showing a strong rebounce with gd volume.
Octavia ( Date: 21-Jun-2013 16:40) Posted:
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I think it is short covering or margin call.
Or maybe BBs push up to suck retailers in.Hope wilmar is not the culprit for the haze otherwise monday tank again.
a strong rebounce ( white embracing candle). Think Signal to go higher
oldflyingfox ( Date: 21-Jun-2013 16:25) Posted:
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Hope is not pump and dump
Why a sudden interest from 4pm? shoot up like a rocket.
...may drop to below $3 first before up again.........
wait ... patience pays.
CIMB maintains O/p with $3.74 TP. During house conference, Wilmar revealed that 2Q earnings may be weaker qoq as bird flu has led to a drop of around 10-20% in soya meal demand in China and refining margin may weaken when new refining capacity comes onstream in Indonesia. There is also concern that sugar profitability may be diluted as sugarcane yield from its mills may be hit by the " yellow canopy syndrome" disease. But these are short-term negatives that do not shake house Outperform rating, which is underpinned by its cheap FY12 P/BV of 1.2x vs. the historical average of 2.1x.
Clashes erupt at Indonesia demos against fuel hike
Wilmar Ghana Advances to Two-Month High on Palm Oil: Accra Mover
Benso Oil Palm Plantation Ltd., a unit of Singapore-based Wilmar International Ltd. (WIL), rose to the highest in two months as prices for palm oil gained.
The stock climbed for a fourth day, adding 1.4 percent to close at 3 cedis in the capital, Accra, the highest since April 17. More than 7,200 shares were traded, equivalent to 1.2 times the three-month daily average. Crude palm oil for August delivery rose 1.8 percent this month, while gold futures declined 0.4 percent.
“The price of gold is not doing so well so investors are diversifying to other commodities such as palm,” Xorlali Torsu, a stock trader at Accra-based Databank Financial Services Ltd. said by phone today. “Foreign investors have a high appetite for this stock.”
Palm oil advanced 0.6 percent to close at 2,439 ringgit ($783) a metric ton on the Bursa Malaysia Derivatives, according to data compiled by Bloomberg.
Benso Oil Palm’s net income increased 40 percent to 13.4 million cedis ($6.7 million) last year. Revenue advanced to 40.8 million cedis from 34.8 million cedis in 2011.
Benso Oil Palm Plantation Ltd., a unit of Singapore-based Wilmar International Ltd. (WIL), rose to the highest in two months as prices for palm oil gained.
The stock climbed for a fourth day, adding 1.4 percent to close at 3 cedis in the capital, Accra, the highest since April 17. More than 7,200 shares were traded, equivalent to 1.2 times the three-month daily average. Crude palm oil for August delivery rose 1.8 percent this month, while gold futures declined 0.4 percent.
“The price of gold is not doing so well so investors are diversifying to other commodities such as palm,” Xorlali Torsu, a stock trader at Accra-based Databank Financial Services Ltd. said by phone today. “Foreign investors have a high appetite for this stock.”
Palm oil advanced 0.6 percent to close at 2,439 ringgit ($783) a metric ton on the Bursa Malaysia Derivatives, according to data compiled by Bloomberg.
Benso Oil Palm’s net income increased 40 percent to 13.4 million cedis ($6.7 million) last year. Revenue advanced to 40.8 million cedis from 34.8 million cedis in 2011.
TA is showing uptrend for now and depending on the outcome of the fed meeting... It could poised to go higher If outcome is favourable
It should be just a short rebound and dip a bit tmr. Just my view I might be wrong.
It must continue a strong climb tomorrow to confirm this uptrend... A wall at 3.38 that needs to clear
Finally see 2 digits gain after donkey months.