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hehe buai pai, close at 2.10
Since the dow is resting tonite, i think my potential target price of 2.25 can be reach tml...
musante ( Date: 24-Mar-2008 16:19) Posted:
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You are a double lucky fellow...
Tonite DOW is resting...because all its kakis are celebtrating EASTER MONDAY HOLIDAY.....
Meaning if STI continue its journey north ......
OLAM will follow too...tomorrow.
Good on you friend.....Cheers...!!!
freeme ( Date: 24-Mar-2008 16:01) Posted:
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Hehe tks dude!
Tempting to keep sia.. didnt think it will up so fast. Hitting 2.13 soon. Duno today dow will down anot.
musante ( Date: 24-Mar-2008 15:47) Posted:
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Good on you friend....Lucky fellow....
Stay on to your target......
Good Luck and all d best...!!!!
Cheers...!!!!
freeme ( Date: 24-Mar-2008 15:43) Posted:
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2.05 mark break liao..
Head on to 2.13
Just to clarify: I was referring "downtrend" to the negative news period, contrast to the pre-bad news period.
Still in its downtrend territory? It already hit $2.03 so I think otherwise.
Wow.....You had set yourself quite a high target...friend.
Personally...I think its tough....1st...it has to cross the 2.05mark,then the chance will be brighter....2nd ..if only STI can sustain its positiveness or atleast maintain the present figure through out the day and finally...OLAM is still in its downtrend territory.
Anyway...don't be despaired...anything can happen in stock market....
So once again...wish you all d best and good luck in your venture....
Cheers....!!!!
freeme ( Date: 24-Mar-2008 10:33) Posted:
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Morning ;)
If they are able to closed above $2 today. I will hold for a for awhile. My target price to get out is about $2.15 - $2.25!
Morning friend,
My view is ......Set your profit target and get out...
This counter is not stable yet...
All d best...&...Good Luck...!!!!
freeme ( Date: 24-Mar-2008 09:41) Posted:
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Bought some lots at 1.93.. hope will go up more. hehehe
looking like a hammer baby...high volume, dragonfly indication....might be a bit too slow to say...but shall wait and see for more signs...
good luck for those vested!
Come tomorrow, I'll try to give it a short for 10cts.gain.See whether can get some kopi money or not...
Cheers...!!!
Its seems that the downslide of this counter is still not bottommming....yet..!!!
SIGH.....!!!!!!
The recently-battered shares in Olam rose as much as 9.4% after UBS and Macquarie issued research notes saying the company's stocks were oversold.
Olam hit a intraday high of $1.97, a day after the stock slipped 12.6% on rumours that the food and agricultural products firm has exposure to a commodities brokerage firm which has been hit by liquidity problems.
Macquarie analyst Patrick Yau, who kept Olam at "outperform" at a target price of $3.82, said the recent sell-off in Olam's shares on Wed has created greater value in the stock. UBS analyst Gaurung Bhatia also said Olam's shares were oversold.
"We believe there may be concerns about its working capital requirements given its high gearing levels and high commodity prices...the concerns are overdone and the stock should bounce back," Bhatia said.
Wow, seems like a drastic drop to me.
Per Olam, contrary to rumours, comp has no meaningful exposure...less than 3% (refer to SGX website for more info).