Olam Intl   

OLAM_OLAM

I wasn't making statement. It was a question. I didn't know that you would be offended by a simple question. My apology.

Btw, how likely is it that hedge funds were shorting at around $2 for over 20+ sessions and yet the price stayed around $2? This is a question, not a statement.

Obfuscate      ( Date: 18-Dec-2012 14:48) Posted: http://finance.yahoo.com/echarts?s=O32.SI+Interactive#symbol=o32.si range=1y compare= indicator=volume charttype=area crosshair=on ohlcvalues=0 logscale=off source=undefined Why is it NOT possible? Mid Sep-Mid Oct, avg daily vol 11m+ shares, avg price 2.02 in 20+ sessions. Price is still below $1.50 at this moment. Can you do some BASIC research before making baseless statements? counter      ( Date: 18-Dec-2012 13:42) Posted: How is it possible for hedge funds to build up a huge short position all at the same price ($2) and cover it all at the same price ($1.50)

 

The buying today were from short covering , back to square one soon.

 

Remember.......

Peter_Pan      ( Date: 18-Dec-2012 13:56) Posted: Remember to lock in your profits. Peter_Pan      ( Date: 18-Dec-2012 12:42) Posted: Downtrend to continue after locking in profits.

 

http://finance.yahoo.com/echarts?s=O32.SI+Interactive#symbol=o32.si range=1y compare= indicator=volume charttype=area crosshair=on ohlcvalues=0 logscale=off source=undefined

Why is it NOT possible? Mid Sep-Mid Oct, avg daily vol 11m+ shares, avg price 2.02 in 20+ sessions.

Price is still below $1.50 at this moment.

Can you do some BASIC research before making baseless statements?

counter      ( Date: 18-Dec-2012 13:42) Posted: How is it possible for hedge funds to build up a huge short position all at the same price ($2) and cover it all at the same price ($1.50)? Obfuscate      ( Date: 18-Dec-2012 13:10) Posted: If they, the hedge funds, shorted at $2 and cover back at $1.50 it still is a very profitable trade for two months work. Lets see how long it takes Olam to get back to $2 from here

 

I am guessing the short-covering has not commence yet. Maybe the volume is due to new funds building fresh positions since there's zero shares for lending from CDP.

News:



http://www.theedgesingapore.com/the-daily-edge/business/42017-olam-54-management-holding-investor-roadshow.html

 

For more advance TA, I use Oppa Gangnam Style.

Richardus      ( Date: 18-Dec-2012 13:57) Posted: Thanks for the explanation, skk888 regarding your trade decision. As for, Peter_Pan- grow up buddy!  Peter_Pan      ( Date: 18-Dec-2012 13:10) Posted: I use Gangnam Style

 

Thanks for the explanation, skk888 regarding your trade decision.

As for, Peter_Pan- grow up buddy! 

Peter_Pan      ( Date: 18-Dec-2012 13:10) Posted: I use Gangnam Style. skk888      ( Date: 18-Dec-2012 13:07) Posted: I was guessing Peter Pan uses TA since he kept mentioning about dead-cat-bounce. I employ both, but my consideration for the entry was more based fundamentals - its Price Book ratio which was very close to 1, low PE ratio, improving economic conditions, cum rights period, temasek's backing, and my assumption that the accounts were fully compliant to standards. Well if you look at recent quater's results which Olam included the biological gains for the first time, if you exclude that, they only made a slight loss, which I feel will not have any material effect on its book value

 

Remember to lock in your profits.

Peter_Pan      ( Date: 18-Dec-2012 12:42) Posted: Downtrend to continue after locking in profits.

 

How is it possible for hedge funds to build up a huge short position all at the same price ($2) and cover it all at the same price ($1.50)?

Obfuscate      ( Date: 18-Dec-2012 13:10) Posted: If they, the hedge funds, shorted at $2 and cover back at $1.50 it still is a very profitable trade for two months work. Lets see how long it takes Olam to get back to $2 from here. Putumayam      ( Date: 18-Dec-2012 11:27) Posted: Greed is a weakness of most shortists. All being baited in with the hopes of < $1 in very short term. Loks like many shortists gona eat maggi mee  bread over xmas already.. =D

 

If they, the hedge funds, shorted at $2 and cover back at $1.50 it still is a very profitable trade for two months work. Lets see how long it takes Olam to get back to $2 from here.

Putumayam      ( Date: 18-Dec-2012 11:27) Posted: Greed is a weakness of most shortists. All being baited in with the hopes of < $1 in very short term. Loks like many shortists gona eat maggi mee  bread over xmas already.. =D tonylim      ( Date: 18-Dec-2012 11:21) Posted: It is going a be big problem for shortists.. now it has gone up as high as 1.4

 

I use Gangnam Style.

skk888      ( Date: 18-Dec-2012 13:07) Posted: I was guessing Peter Pan uses TA since he kept mentioning about dead-cat-bounce. I employ both, but my consideration for the entry was more based fundamentals - its Price Book ratio which was very close to 1, low PE ratio, improving economic conditions, cum rights period, temasek's backing, and my assumption that the accounts were fully compliant to standards. Well if you look at recent quater's results which Olam included the biological gains for the first time, if you exclude that, they only made a slight loss, which I feel will not have any material effect on its book value. trade1969      ( Date: 18-Dec-2012 12:56) Posted: Thought Techincal analysis wouldn't work in this situation? 'Crystal ball' work, guess skk888's crystal ball has let him earned handful of profit when he buoght in at $1.39. Peter-Pan 'Crystal ball' of $1.255 doesn't since to be working well?

 

I was guessing Peter Pan uses TA since he kept mentioning about dead-cat-bounce.

I employ both, but my consideration for the entry was more based fundamentals - its Price Book ratio which was very close to 1, low PE ratio, improving economic conditions, cum rights period, temasek's backing, and my assumption that the accounts were fully compliant to standards. Well if you look at recent quater's results which Olam included the biological gains for the first time, if you exclude that, they only made a slight loss, which I feel will not have any material effect on its book value.

trade1969      ( Date: 18-Dec-2012 12:56) Posted: Thought Techincal analysis wouldn't work in this situation? 'Crystal ball' work, guess skk888's crystal ball has let him earned handful of profit when he buoght in at $1.39. Peter-Pan 'Crystal ball' of $1.255 doesn't since to be working well?  skk888      ( Date: 18-Dec-2012 10:45) Posted: If your style is technical analysis, you should know that a bullish hammer was formed on the 14 Dec

 

BTW, ProTrader is for cash market and it does not come with the trailing stop function. CFDTrader2 comes with with the trailing stop, which you could specify the percentage to trigger the buy/sell. Yeah, either you pay for subscription for ProTrader if you do not pay enough commission to your remisier. For CFDTrader2, its FOC. I think among the platforms available locally, CFDTrader2 is quite useful. ProTrader is less useful in my opinion. 

Bopanha      ( Date: 18-Dec-2012 11:22) Posted: Sg market has no advanced platform for trading stop losses, or trailing stops.   These platforms for " high fly trading" require very skilled IT maintenance staffs and good system software programs that Singapore brokers either lacked or refused to implement for reasons of their own agendas.  Only poems's " protrader" has an useful substitute function that a trader can use for something like stop loss and " self implemented trailing stops" . However, not everyone gets to be able to use it unless you have high trading volumes or pay for subscription for the " pro-trader" facility.  I think the lack of advanced platforms in Singapore is due to the brokerage firms' could not be bothered attitude towards business and clients' interests..   We don't have the right culture currently. Lol.

 

Thought Techincal analysis wouldn't work in this situation? 'Crystal ball' work, guess skk888's crystal ball has let him earned handful of profit when he buoght in at $1.39. Peter-Pan 'Crystal ball' of $1.255 doesn't since to be working well? 

skk888      ( Date: 18-Dec-2012 10:45) Posted: If your style is technical analysis, you should know that a bullish hammer was formed on the 14 Dec. Peter_Pan      ( Date: 18-Dec-2012 10:40) Posted: Be careful of the dead-cat-bounce

 

Downtrend to continue after locking in profits.

 

STOCKS NEWS SINGAPORE-Shares inch up at midday, Olam boosts

Reuters  –  37 minutes ago

  Singapore shares inched higher by midday, buoyed by gains in commodity firm Olam International Ltd and in line with other Asian bourses on optimism for progress in resolving the U.S. budget crisis.

The benchmark Straits Times Index rose 0.3 percent to 3,166.66 points, while the MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent.

Olam shares rose 6 percent to S$1.48 on some short-covering ahead of the ex-rights trading date of Dec. 28 under its $712.5 million rights issue plan....

1153 (0353 GMT)

(Reporting by Charmian Kok in Singapore Editing by Jijo Jacob [email protected])

 

Don't be that bad, lah.   I shortist also. But I am covering every position before the year end. Wait to see if next year can short or not.

Bopanha      ( Date: 18-Dec-2012 11:42) Posted: FENG SHUI for shortists have changed.   In the past 10 years, they (the shortists) were enjoying life to the fullest.   This time round, it could be the longists going to enjoy life to the fullest, and for many years to come. hahaha.   Shortists, please short some more,more and more, more, some more, because the market wants and needs you to contribute and repay what you have made these past 10 years. Lol.

 

FENG SHUI for shortists have changed.   In the past 10 years, they (the shortists) were enjoying life to the fullest.   This time round, it could be the longists going to enjoy life to the fullest, and for many years to come. hahaha.   Shortists, please short some more,more and more, more, some more, because the market wants and needs you to contribute and repay what you have made these past 10 years. Lol.

 

Greed is a weakness of most shortists. All being baited in with the hopes of < $1 in very short term.

Loks like many shortists gona eat maggi mee  bread over xmas already.. =D

tonylim      ( Date: 18-Dec-2012 11:21) Posted: It is going a be big problem for shortists.. now it has gone up as high as 1.49 whitecoffee      ( Date: 18-Dec-2012 11:14) Posted: will there be an  avalanche in making?

 

Thank you, Bopanha! Good info!

Bopanha      ( Date: 18-Dec-2012 11:22) Posted: Sg market has no advanced platform for trading stop losses, or trailing stops.   These platforms for " high fly trading" require very skilled IT maintenance staffs and good system software programs that Singapore brokers either lacked or refused to implement for reasons of their own agendas.  Only poems's " protrader" has an useful substitute function that a trader can use for something like stop loss and " self implemented trailing stops" . However, not everyone gets to be able to use it unless you have high trading volumes or pay for subscription for the " pro-trader" facility.  I think the lack of advanced platforms in Singapore is due to the brokerage firms' could not be bothered attitude towards business and clients' interests..   We don't have the right culture currently. Lol.