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Why the preference of futures over equities? Do futures have significant advantages over equities? And why not both futures and equities? I have always interested in futures. Make one look cool isn't? My apology for the many questions.
what I know is JR is not right about commodity in 2012
bishan22 ( Date: 28-Dec-2012 09:20) Posted:
JR is not a fool to jump into Olam. Market is responding.
bishan22 ( Date: 28-Dec-2012 07:42) Posted:
Today Straits Times - J Rogers to take up Olam rights issues. May give some confidence to share prices.  |
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Let watch and see what happen at closing bell
| WEIGHTED AVG PRICE : 1.5309 |
LAST DONE PRICE : 1.550 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 11.903 |
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Very complicated ya? And in the long run, for me at least, it is easier just to buy the entire mkt if bullish via ETF or futures. STI is up 8%+ since mid Nov. Japan and China are both up > 10%.
So you think a short squeeze did occur, but not much in you opinion.
When few want to sell, the buyers will have to keep bidding up the price. This is generally not the case in Olam because like I mentioned earlier, a lot of equity funds do not have the mandate to hold bonds. They have no choice but to sell. Hence the volume was high and there was not much of a short squeeze.
In SC Global there is no short squeeze but Wheelock was accumulating after the GO announcement, believing that the co is worth $2.50 but few wanted to sell as they also believed GO price can improve from $1.80. In fact SCGD went as high as $2.08 intraday for two days.
On opening bell, there were many buy-up from Seller.
Let watch carefully and see what happen at mid afternoon.
In my view, the short squeeze did occurr when the price rose from $1.3+ to $1.5+. Without the short squeeze, the price would probably be hovering around $1 by now. Some bros here thought that the short squeeze did not occur due to different expectations.
Btw, I stall cannot see how the volume tells whether there are more buyers or sellers?
Obfuscate ( Date: 28-Dec-2012 09:23) Posted:
For a short squeeze to happen there has to be few sellers and a lot of buyers who want to cover their shorts. The volume will tell us whether there are few or many sellers in the market. In Olam's case, just compare its volume vs period a few months earlier. Between 10 Aug and 19 Oct when the share price avg $2.00 daily volume was 13.1m shares. SC Global in the same period was 4.8m shares.
counter ( Date: 28-Dec-2012 07:06) Posted:
| Could you enlighten us how the statistics you have provided here actually show more buyers or sellers? I don't see the relevance. I can only tell from the price and not from the volume |
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For a short squeeze to happen there has to be few sellers and a lot of buyers who want to cover their shorts. The volume will tell us whether there are few or many sellers in the market. In Olam's case, just compare its volume vs period a few months earlier. Between 10 Aug and 19 Oct when the share price avg $2.00 daily volume was 13.1m shares. SC Global in the same period was 4.8m shares.
counter ( Date: 28-Dec-2012 07:06) Posted:
Could you enlighten us how the statistics you have provided here actually show more buyers or sellers? I don't see the relevance. I can only tell from the price and not from the volume.
Obfuscate ( Date: 27-Dec-2012 15:32) Posted:
Price will only shoot up when there are lots of buyers and few sellers eg SC Global since the general offer announcement. In Olam's case, the shares transacted in last five weeks to 21 Dec averaged 49.3m daily, compared with 4.2m in SC Global since 6 Dec |
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JR is not a fool to jump into Olam. Market is responding.
bishan22 ( Date: 28-Dec-2012 07:42) Posted:
| Today Straits Times - J Rogers to take up Olam rights issues. May give some confidence to share prices. |
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We can group the people in the stock market in 3 categories
those who make things happen, those who watch things happen, and those who wonder what happen.
I guess, at best, we can only watch things happen.
Because it is a renounceable rights issue, meaning shareholders will not be compensated if they do not subscribe to the rights issue.
derekchong ( Date: 28-Dec-2012 09:03) Posted:
| how come like that, x-right px still so strong. |
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got support from Jim Roger,no want to sell already.
ha, ha, good luck to all.
You are unlucky.
derekchong ( Date: 28-Dec-2012 09:08) Posted:
| queue to self at $1.54 yesterday, luckily not done. |
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Not vested but happy for you. Now u earned the rights
derekchong ( Date: 28-Dec-2012 09:08) Posted:
| queue to self at $1.54 yesterday, luckily not done. |
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Wow...rise nested of drop for ex-rights. :/
queue to self at $1.54 yesterday, luckily not done.
Bro, u sold?
derekchong ( Date: 28-Dec-2012 09:03) Posted:
| how come like that, x-right px still so strong. |
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how come like that, x-right px still so strong.
Pardon my English.In short, i meant how is the price gonna be like after the rights and warrants issue.
I guess nobody will know the answer .
counter ( Date: 28-Dec-2012 07:08) Posted:
What do actually mean by the price of the rights?
gavinl ( Date: 27-Dec-2012 23:50) Posted:
| Anyone got any ideas of how to calculate the price of the rights,warrant n bonds |
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