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Will see profit taking tomorrow as, as this moment, DJ declined 30pts. Nonetheless, can keep it for long term investment if you have suffered some minor losses. Cheers.
Indofood Agri Resources surged after Credit Suisse raised their tp to $3.20 from $2.45.
haha angelsiah, if u are not ready to lose don't attempt trading. Traders see losing as part of the job. Bottomline everybody is advicing u is to trade/invest within ur means. This means to exercise proper risk management (something i suggest u read up more on first) coz market risk is real. cheers, hope it helps =)
Playing contra is just like diving into crocodile farm. Very dangerous.
A big big majority of contra players loose money. Never play contra as nobody is able to time the market. On the contrary, we definitely can predict the company earnings. Good company's earning will be reflected in the share prices, just a matter of time.
But I playing contra, I bought at only 5 lots but the situation now i losing it quite alot. I still have to sell cause i don't have enough money to pick it up.
Angelsiah, you should be buying more . CPO goes up but the share prices come down. Money making opportunity!
I really worry sick i bought at 2.24, no cash to hold and now it drop till 2.02,
is impossible to sell, i hope the us market will not drop anymore otherwise i don't know what to do man. I bought this last Thursday at what amount will be a appropriate to sell? Even to lose i don't want to lose so much.... 
is impossible to sell, i hope the us market will not drop anymore otherwise i don't know what to do man. I bought this last Thursday at what amount will be a appropriate to sell? Even to lose i don't want to lose so much....
what will the price be after the consolidation?
And the green flies will return soon enough!
(Green flies usually swarm over dung spilled by bull cattle grazing in the fields)... 
Any comment on this counter? vested @$2.22 today. Not sure should I profit take tmr?
Shoot up to 2.50?... You mean "Cheong Arrhhh!"? ...
Why not? When all the green flies return, it surely will..
Indofood Agri and Wilmar are 2 of CIMB's top picks. With CPO tracking crude oil by another 17% rise since Sep, CIMB believe Indofood Agri and Wilmar stand in good stead.
Crude oil prices of around US$100/bbl today translate into diesel prices of US$750/tonne and make bio-diesel feasible in Europe (after government subsidies) even at current prices of US$870/tonne. CIMB estimate that crude oil prices will crest out in 4Q. They expect average crude oil prices of US$70 in '08 but CPO prices could stay high as there are various other sources of demand for CPO.
Will today IndoAgri shoot up to $2.50?
CIMB are raising their international CPO price forecasts by 3% to US$785 per tonne (CIF) for '07, 17% to US$950 for '08 and 18% to US$920 for '09 to account for recent changes in the supply-demand fundamentals of global edible oils. Following their revisions, they now expect international CPO prices to rise by 64% yoy in '07.
Their price upgrade is driven by rising edible-oil demand on the back of higher crude oil prices, strong demand from China and India and rising supply risks from a potential switch in acreage from oilseeds to grain products.
They have raised our '07 CPO price forecast by only 3.6%,
mainly to account for the recent spike in prices, which are likely to remain high for the rest of the year due to prevailing high crude oil prices. In their new price forecast for '08, they have assumed that the edible oil stock/usage ratio will drop at a higher rate of 1.65% than Oil World?s estimate of 0.5%, given slower supply growth due to increasing competition for acreage from wheat products. This implies a US$165/tonne gain in CPO prices for '08, based on historical data showing a US$10/tonne increase in CPO prices for every 0.1%-pt change in the stock/usage ratio.
They're raising their earnings forecasts by 4-32% for FY07-09. Their earnings upgrade takes into account their new CPO price projections, our revised earnings estimates for London Sumatra, the new progressive export tax for Indonesia?s palm products and higher fertiliser costs. They remain positive on the group's recent acquisition of a majority stake in London Sumatra, which will help address structural issues such as Indo Agri's mature age profile and reliance on 3rd-party CPO as well as enhance the group's future earnings growth.
They have lifted our target price for Indo Agri from $2.05 to $2.80, after their earnings upgrade and after rolling forward their target basis to end-'08 forward P/E of 18x.
sold off at $2.27 yes !!!
bought back double at $2.20
cut loss at $2.25
bought IndoAgri at $2.28
CPO hit record price today. There is much upside for this stock. TP $2.10