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No idea. You decide for yourself.
counter ( Date: 17-Dec-2012 20:50) Posted:
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No wonder the shortists could not push the price below $1.365 last Friday. UOB issued a 'BUY' call on 13/12/2012. Do you it could be UOB that was accumulating Olam's shares last Friday
Peter_Pan ( Date: 17-Dec-2012 20:34) Posted:
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Huge selling pressure continues after opening in the morning pushing the price all the way down to $1.385 before performing a dead-cat-bounce stunt in the midday. But the huge selling pressure sets in again after the dead-cat-bounce stunt in the midday failed to revive the dead cat.
Just found the following analyst's comment, you all decide for yourselves:
Olam International. On 12 Dec 12, it was reported that Kewalram Singapore backs Olam’s proposed US$1.25b (S$1.5b) rights issue of bonds and warrants. Kewalram
UOB KayHian
Based on your previous posts, you have always been pessimistic about Olam. When did you buy Olam's shares? curious......
Jackpot2010 ( Date: 17-Dec-2012 19:24) Posted:
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Vested small small today, what u said make sense. Guilable me, still thought of making some kopi money when shortists cover their shorts. Lol.
Jackpot2010 ( Date: 17-Dec-2012 19:24) Posted:
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This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$.
halleluyah ( Date: 17-Dec-2012 17:27) Posted:
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SGX share lending for Olam ,only 40,000 Shares available, how to sell short now?
BBC News: CEO SUNNY GEORGE VERGHESE
from Olam International explains- No merit in Muddy Waters' claims
http://youtu.be/z1ib_WoZmDU
when the book closure date was fixed earlier than expected on 2 Jan, the selling continued unabated instead of short-covering action.
based on the relatively low vol of 23m shares, today's sellers are genuine retail investors who have given up hope on Olam, they don't want to throw good money after bad, i.e. don't want to subscribe to the rights issue. What u think?
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
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long term investors turned bearish?! Peter Pan, did you go interview every single long term investor, both retail and institutional or do you have some psychic ability? That is to say- how would you know that?!
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
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Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship.
Given the rights issue (cum rights now), improving economic conditions worldwide, price book ratio, temasek's backing, I'm pretty optimistic that price has hit a bottom. Had an opportunity to enter 1.39 just now. Believe shorts covering will commence soon. Good luck to everyone, longs or shorts.
Btw for PE ratio, you can look at the past earning instead of projected earnings and make ur own estimates instead of analysts' ones. Some of them are overly optimistic or pessimistic.
Btw for PE ratio, you can look at the past earning instead of projected earnings and make ur own estimates instead of analysts' ones. Some of them are overly optimistic or pessimistic.
Huge selling pressure continues after opening in the morning pushing the price all the way down to $1.385 before performing a dead-cat-bounce stunt in the midday. But the huge selling pressure sets in again after the dead-cat-bounce stunt in the midday failed to revive the dead cat.
In July, Muddy Waters turned its attention to China's booming education industry. It alleged that New Oriental Education and Technology Group, the country's largest private sector training company, was using accounting tricks to inflate its profits. Muddy Waters concluded: " It is probable EDU [the New Oriental ticker symbol] will restate earnings, and probable that Deloitte [its auditor] will resign."
Almost six months on, US-listed New Oriental has not restated its earnings, Deloitte has not resigned -- and the company's shares are now about a third higher than they were when Mr Block published his attack.
Business at its schools is humming. On a recent evening, hundreds of young students filed into a Beijing-based training centre for after-school classes, receiving extra tuition in English, maths, even Marxist theory -- anything to give them an edge in the hyper-competitive Chinese education system.
http://edition.cnn.com/2012/12/14/business/china-muddy-waters/index.html?hpt=hp_t3
Good article. Thanks for the post!
counter ( Date: 17-Dec-2012 17:56) Posted:
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“Companies like SingTel and Singapore Airlines arestrategic investments for Temasek” and Olam isn’t, said Melvyn Teo, director at BNP Paribas Hedge Fund Centre at Singapore Management University. “They must have seen great prospects in the company and in the commodities business in general.”http://www.businessweek.com/news/2012-12-16/singapore-establishment-challenged-by-short-seller-block-on-olam#p1
Has this (refering to admin deleting thread in Share Junction) ever happen before?
Too many heated arguments la. Attacks and counter attacks.
Dont think is technical issue.
Some kids are using multiple accounts to troll the forum.
Good thing the administrator detected it and remove the topic.
Hope their accounts are banned also.