| Latest Forum Topics / Golden Agri-Res Last:0.27 -- |
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GoldenAgr
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ekokhoo
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11-Sep-2014 08:36
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Golden agri went up 0.005 among the bad news released yesterday. Wondering what happened in the market!  Full of insanes human?  Where TA sometimes might not works (short term)? or should monitor a bit longer to observe? Better stay side-line for now!     |
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Kyoto2008
Elite |
10-Sep-2014 23:09
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Think it' s time to separate the boys from the men. Instead of one liners like " accumulate at xx levels" try to come up with substantiated calls, give your reasons why you feel a stock price  is going down or up.  Otherwise, shut the fark up.
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Kyoto2008
Elite |
10-Sep-2014 23:04
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Haha, neither will I disagree with yours and SPORE1 views. The objective of my posts is to inform, and this objective has been fulfilled.      I wish you and SPORE1 goodluck, ie is you are two different persona...... |
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KiLrOy
Elite |
10-Sep-2014 22:57
Yells: "I buy only what I can see." |
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i wont disagree on your views. :)   there will be people making the right calls and wrongs, its a zero sum game in the stock market. |
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Kyoto2008
Elite |
10-Sep-2014 20:51
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Agree that history repeats. But these are new developments: 1.    Low palm oil prices hitting margins of plantations badly 2.  Indonesia changing laws to kick out foreigners owning plantations 3.    Golden Agri went on borrowing spree and is vulnerable to interest rate hikes. I' d rather call a spade a spade. |
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ridethebull
Member |
10-Sep-2014 20:50
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i agree to kyoto..   very likely that the momentun is.... gone.   |
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Kyoto2008
Elite |
10-Sep-2014 20:48
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See moneyplant: http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=13195& searchString=& msgbdName=Others& topicTitle=Breaking -S& P reports Overleveraged SG companies   More bad news for Golden Agri.    |
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KiLrOy
Elite |
10-Sep-2014 20:26
Yells: "I buy only what I can see." |
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History tends to repeat itself. :)
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Kyoto2008
Elite |
10-Sep-2014 15:47
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I have no positions in Golden Agri. I suppose your usual one liner will move the price up?
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spore1
Supreme |
10-Sep-2014 15:43
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Don't worry too much . Changing gear to go up
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Kyoto2008
Elite |
10-Sep-2014 15:29
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Negative news on Golden Agri.    If it breaks 50 cents, the best option is to short sell. Indonesia may pass a law to restrict foreign ownerhship of plantations (currently 95% to cut to 30%). See Reuters news: http://www.reuters.com/article/2014/09/08/indonesia-plantations-law-idUSL3N0R91MU20140908 |
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Kyoto2008
Elite |
09-Sep-2014 02:00
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Call a spade a spade. Bottom fishing requires an acute understanding and application of both fundamentals and TA. Without which, it is the blind misleading the blind. |
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Kyoto2008
Elite |
09-Sep-2014 01:19
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Here' s the chart. Close up.
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Kyoto2008
Elite |
09-Sep-2014 01:18
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See the price today has dived below the 20 moving average, it has gone below all the moving averages. It will first have to test the 20 MA as resistance point before moving up further. It has a gravestone doji, uncertainty, whether to go up or down. With palm oil prices at such a low, what are the chances of upward movement?      Anyway, see how the price perform tomorrow.    At best it goes up to 20MA and try to climb above it, or it could plunge lower towards 50cents, the classical support.        If it breaks, a freefall into the abyss, great loss to buyers.  I don' t think this is a stock that is worth the risk.    there are many other stocks that are breaking new highs and having potential breakouts.    It' s more like buy low and lose coz it stay low or go lower.   |
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Kyoto2008
Elite |
09-Sep-2014 01:07
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There are changes as the stock price is dependent on palm oil prices.      the link I posted is from ST, and the report is that palm oil prices are at a low, due to competing oils from bumper harvests.        See the chart of Golden Agri below, the momentum is completely gone as the price spirals downwards, MACD is showing it up very clearly.            Aug 2013 and Feb 2014 do not have the same MACD characteristics, so can forget about price being maintained, it' s a new ball game, the momentum is gone.   
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KiLrOy
Elite |
08-Sep-2014 19:48
Yells: "I buy only what I can see." |
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Buy low sell high. AUG2013 and FEB2014 also are at this level and it picked up thereafter.   Its ranged bound between 0.51 and 0.62 since MAR2013 drop.     |
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Kyoto2008
Elite |
08-Sep-2014 18:10
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Palm oil prices are expected to pick up after October, that' s two months from now.      Hence, stocks with high palm oil content may not rally until that time, and are likely to stay low. Even after Oct, First Resources has a lot more upside potential than Golden Agri, coz the fundamentals are a lot sounder with significantly higher margins and return on equity.      The only advantage for Golden Agri is the NAV but this is of no use if noone is taking over the co.    With a huge float exceeding a billion shares, Golden Agri  will find it that much harder to climb past the resistance level in current.     
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Kyoto2008
Elite |
08-Sep-2014 17:14
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It does not look good on TA too.  Price has dived below the 20MA and this can become a point of resistance. Plus with the palm oil prices in bad shape, it may have more space to fall rather than move up,    Seems to have a strong classical support at 50 cents, if this breaks, good luck, all the way down. |
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spore1
Supreme |
08-Sep-2014 16:45
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Waiting for it to rise to 55 cents
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spore1
Supreme |
08-Sep-2014 16:05
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1 lot up 51.5 cents ,1 lot down 51 cents .Must b the work of BB,,, | ||||
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