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Going up trend. Buying in more.
Olam International (OLAM SP), a supplier of agricultural commodities that is partly owned by Temasek Holdings Pte, lost 2% to $2.50. The Reuters/Jefferies CRB Index, which tracks 19 commodities, dropped 2.7% yesterday in New York, its sharpest decline in a month.
2.6!!!..fast n furious..
going ballistic!! 2.56!!
look at the BBs playing olam!..2.39 to 2.5!
pushin 2.5..very strong today
broke 2.47!
breakin 2.47 should not be a problem..
expecting it to hit 2.47 and stay and next support 2.79
broken 2.44
lets see it can break 2.43 1st..
I upload the graph i generated into tinypic.com and attached here. I draw the draw with support etc. using free software download from Chartnexus.com
It just show a divergence on MacD and candlestick with lower higher.
Could not break the 2.47 resistance.
What your view?
Look like GS has been collecting for the past days by pushing it down from 2.35
dealer0168
Thanks your reply. Am still waiting for clearer sign before i venture into this;. Am interested to know why Temasek is interested in this one.
Happen to chance upon a website 'Wrights' investor service'. Their download of Olam international report is S$75.00. Though their report is very comprehensive which includes analysis of competitors, quality rating etc..........I think can get elsewhere for free?
niuyear, i thk wait for awhile first. The MACD signal seems like starting to point downtrend. Wait for clearer signal b4 decide to go in.
The next supporting resistance should be at around $2.13.
(My opinion)
niuyear ( Date: 13-Jul-2009 16:46) Posted:
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I am not sure of this stock for we will see lots of spike in coming years!
Bloomberg news -
June 30 (Bloomberg) -- Food emergencies are likely to increase in coming decades because of climate change, according to Alexander Sarris, director for trade and markets at the United Nations’ Food and Agriculture Organization.
“You can see very clearly a sharply growing trend in food emergencies,” Sarris said at the World Agri Invest Congress in London today. “The climate issue may actually start playing havoc with the market.”
Last year’s food crisis was caused by hoarding and export restrictions rather than a global shortage, he said. Rising food costs last year prompted unrest in countries from Mexico to Indonesia and spurred governments in China, India and Russia to raise export taxes on foodstuffs.
“There were plenty of supplies to go around but there was a lot of hoarding,” he said.
Concern about supply may cause price surges in coming decades. “We’re likely to see more spikes in the next 20 years,” Sarris said. “You have to make people more confident in the market. It’s the loss of confidence that creates spikes.”
To contact the reporter on this story: Rudy Ruitenberg in London at rruitenberg@bloomberg.net.
Last Updated: June 30, 2009 06:36 EDT
like to increase with the climate
dealer0168 ( Date: 01-Jun-2009 19:02) Posted:
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Olam fair value been hit. Be careful. Don't just because Temasak is in than jump to it. Remember Temasek pay for this stock at around $1.60/ share.
Trade with care.
Wait fr better opportunity, price too high......
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27 Aug 09 - Analysts and media briefing on financial results for year ended 30 June 09
I am not sure of this stock for we will see lots of spike in coming years!
Bloomberg news -
June 30 (Bloomberg) -- Food emergencies are likely to increase in coming decades because of climate change, according to Alexander Sarris, director for trade and markets at the United Nations’ Food and Agriculture Organization.
“You can see very clearly a sharply growing trend in food emergencies,” Sarris said at the World Agri Invest Congress in London today. “The climate issue may actually start playing havoc with the market.”
Last year’s food crisis was caused by hoarding and export restrictions rather than a global shortage, he said. Rising food costs last year prompted unrest in countries from Mexico to Indonesia and spurred governments in China, India and Russia to raise export taxes on foodstuffs.
“There were plenty of supplies to go around but there was a lot of hoarding,” he said.
Concern about supply may cause price surges in coming decades. “We’re likely to see more spikes in the next 20 years,” Sarris said. “You have to make people more confident in the market. It’s the loss of confidence that creates spikes.”
To contact the reporter on this story: Rudy Ruitenberg in London at rruitenberg@bloomberg.net.
Last Updated: June 30, 2009 06:36 EDT
like to increase with the climate
dealer0168 ( Date: 01-Jun-2009 19:02) Posted:
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Olam fair value been hit. Be careful. Don't just because Temasak is in than jump to it. Remember Temasek pay for this stock at around $1.60/ share.
Trade with care.
Wait fr better opportunity, price too high......
aleoleo ( Date: 01-Jun-2009 17:46) Posted:
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Olam International Ltd: Equity placement to Temasek Holdings
Olam International Ltd's (Olam) has announced its proposal to place out
273.5m new shares to Temasek Holdings. The new shares have been priced
at S$1.60, representing a 17.4% discount to the weighted average price of
trades done on 29 May 09. We expect the placement to result in a dilution
of 16% for existing shareholders. Net proceeds from this placement, which
will amount to approximately S$437.0m, will be used mainly to finance
new capital expenditure and acquisitions for the group. According to Olam,
the participation by Temasek will enable the group to tap on more investment
opportunities for growth. We will be looking to adjust our numbers to account
for the dilution. For now, our both
are under review. BUY rating and S$2.06 fair value estimate |
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Unless u are a long term player, now can go in & wait.
