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Olam looks tasty at 3.10. Quite hard to get and must be fast.
Gaecia ( Date: 15-Nov-2010 10:54) Posted:
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Just what are u thinking? trying to catch a retracement of $0.04 in olam? provided u can actually catch back to sell 3.14 if u long at 3.10.
Remember and recognise that trend is your friend.
ShareWithMe ( Date: 15-Nov-2010 10:49) Posted:
| Oam free fall to 3.12. OMG !! Ok i aiming below 3.1 to enter again. Haa |
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Notice quite a number of buy-up on Olam so adjusted my cut loss to 3.17. Manual trailing loss adjustment . 
Don't want to see profit become loss.
Still keep 3.11 as TP.
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Also, monitoring to long NOBLE at 2.02 (Resistance turn support level, and coincide with the lower level of the gap up on 8 Nov.
Gaecia ( Date: 15-Nov-2010 10:51) Posted:
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hi spiderman, looks like your cut loss mark is going to be very safe. Lol. profit taking for u could be insight today, so fast right.
spiderman_er ( Date: 15-Nov-2010 10:26) Posted:
Yes, Olam could not breakout from its resistance at 3.34, thus now retreating to its support at around 3.10. Just short 10 lot Olam at 3.20 to test my TA. Will close the position at 3.11. My first short experience. Cut loss at 3.25. Cheers |
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You so clever...
'tapet' you...
Yes. Dangerous to trade purely based on hearsay.
spiderman_er ( Date: 15-Nov-2010 10:54) Posted:
It is very dangerous to trade stock based on what others say. You don;t know the motive of the others when he/she said that.You are simply gambling/speculating.
One should at least put in some effort to learn TA, it is not 100% correct, but it serves as an early indicators just like traffic signs on the roads.
With this knowledge, do your own informed judgement and make your trade.
Finally, trade within your means and put in place an exit strategy whenever you open a position.
Cheers |
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Just what are u thinking? trying to catch a retracement of $0.04 in olam? provided u can actually catch back to sell 3.14 if u long at 3.10.
Remember and recognise that trend is your friend.
ShareWithMe ( Date: 15-Nov-2010 10:49) Posted:
| Oam free fall to 3.12. OMG !! Ok i aiming below 3.1 to enter again. Haa |
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It is very dangerous to trade stock based on what others say. You don;t know the motive of the others when he/she said that.You are simply gambling/speculating.
One should at least put in some effort to learn TA, it is not 100% correct, but it serves as an early indicators just like traffic signs on the roads.
With this knowledge, do your own informed judgement and make your trade.
Finally, trade within your means and put in place an exit strategy whenever you open a position.
Cheers
hi spiderman, looks like your cut loss mark is going to be very safe. Lol. profit taking for u could be insight today, so fast right.
spiderman_er ( Date: 15-Nov-2010 10:26) Posted:
Yes, Olam could not breakout from its resistance at 3.34, thus now retreating to its support at around 3.10. Just short 10 lot Olam at 3.20 to test my TA. Will close the position at 3.11. My first short experience. Cut loss at 3.25. Cheers
Gaecia ( Date: 15-Nov-2010 10:19) Posted:
olam's already shorted.
STI 3215 is tipped to be major support for today and tmr. Folks use your guts and grey matter yup. Remember, inaction is also a decision and cash is also a position in itself. |
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If free-fall means got something wrong...
So why still want to jump in?
ShareWithMe ( Date: 15-Nov-2010 10:49) Posted:
| Oam free fall to 3.12. OMG !! Ok i aiming below 3.1 to enter again. Haa |
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Oam free fall to 3.12. OMG !! Ok i aiming below 3.1 to enter again. Haa
haha sorry i cannot focus, many typos in my msg. anyway obviously news that leaked to the bbs and insiders and that was why Q3 post earnings share mvt on these companies were so unpredictable/ erratic. Okay i gtg, be back ltr
Okay no. 1 error in gambling on Q3 is we did not follow the business & news close eough. If u didn't follow its previous qtr's earnings, it was overwhelmingly gd +80% net profit and this round +40% odd. I followed this stock since middle of the year. Any reason for shareholder's to hold on or another catalyst to rise?
If Olam's NZ acquisitions report operational losses, then it is a meaty candidate to S,S & S. I've mentioned many times triple top failed just Before the earning was out, news that leaked. So far i don't see a 4th top formation to Olam because probability of occurrence is low nor heard of one before (4th formation?) but that's just to my knowledge.
Yes, Olam could not breakout from its resistance at 3.34, thus now retreating to its support at around 3.10.
Just short 10 lot Olam at 3.20 to test my TA. Will close the position at 3.11. My first short experience. Cut loss at 3.25.
Cheers
Gaecia ( Date: 15-Nov-2010 10:19) Posted:
olam's already shorted.
STI 3215 is tipped to be major support for today and tmr. Folks use your guts and grey matter yup. Remember, inaction is also a decision and cash is also a position in itself. |
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Today another horror show again in the stock market ?
I thought Olam Q3 result very good, how come it is still dropping ?
Greenbean ( Date: 15-Nov-2010 10:15) Posted:
Olam open 3.29, now 3.18. Hyflux open 3.25, now 3.27.
fools_gold ( Date: 15-Nov-2010 08:55) Posted:
Singapore Stocks-May open lower; Olam, Hyflux in focus
15 Nov 2010 - 00:17
SINGAPORE, Nov 15 (Reuters) - Singapore shares may open
lower on Monday after Wall Street ended a five-week winning
streak as the threat of rising interest rates in China prompted
investors to book profits and reassess bullish positions in
equities.
Singapore-based commodity firm Olam International
may be in focus after it said on Saturday it will set up a $1.3
billion ammonia-urea fertiliser complex in the central African
nation of Gabon. [ID:nSGE6AC00X]
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Will Olam continue to drop or go up? need to cover contra 2day...
GenS, come to Mama for your milky time .....
olam's already shorted.
STI 3215 is tipped to be major support for today and tmr. Folks use your guts and grey matter yup. Remember, inaction is also a decision and cash is also a position in itself.
Olam open 3.29, now 3.18.
Hyflux open 3.25, now 3.27.
fools_gold ( Date: 15-Nov-2010 08:55) Posted:
Singapore Stocks-May open lower; Olam, Hyflux in focus
15 Nov 2010 - 00:17
SINGAPORE, Nov 15 (Reuters) - Singapore shares may open
lower on Monday after Wall Street ended a five-week winning
streak as the threat of rising interest rates in China prompted
investors to book profits and reassess bullish positions in
equities.
Singapore-based commodity firm Olam International
may be in focus after it said on Saturday it will set up a $1.3
billion ammonia-urea fertiliser complex in the central African
nation of Gabon. [ID:nSGE6AC00X]
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buckle up!
Bladez, Hope you can get small profit or breakeven, then buy in again at lower price.
Greenbean ( Date: 15-Nov-2010 09:59) Posted:
Hello Bladez, what is your plan for your 2.15? Want to take profit liao?
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