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Golden Agri-Res
Last:0.27
-0.005
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GoldenAgr
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AhLiang
Elite |
16-Mar-2020 12:30
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Maybe but no one knows where the bottom is because it was a multiple bottom breakdown. BB miscalculated it and now he is in big sh-it. Buy sell buy sell with himself using multiple accounts just won't work. Now he is sitting a mountain of toilet papers he can use for the next 20 years. Hope he still got the money to pay his trader''s salary!
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gravity8888
Supreme |
16-Mar-2020 11:53
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Thought 10 | ||||
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AhLiang
Elite |
16-Mar-2020 11:46
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Haha! It's a big black bear!
I am waiting for 12 cents. That will be what it is worth in a global recession. Meantime easy sip kopi and watch the big drop haha! |
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vivacious
Supreme |
16-Mar-2020 11:18
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hit 0.152....where did u see 0.15?
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tritonyeah666
Elite |
16-Mar-2020 10:32
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Okay it hit my 0.15 target. Thats my bottom call for Golden Agri. It may still go to 0.14 but anything 0.14-0.15 will a a long position for me. | ||||
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vivacious
Supreme |
16-Mar-2020 09:15
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OVERSOLD | ||||
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Force16
Member |
16-Mar-2020 08:37
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CPO futures likely to rebound this week : Plantations
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to rebound next week, as global central banks are set to boost liquidity in the COVID-19- hit markets to instill market confidence. Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said over the last week, a series of big money measures had been announced by several central banks, including the more than US$1 trillion of liquidity by the US Federal Reserve to stem the market meltdown caused by the COVID-19 jitters. " Apart from that, a stimulus package from the European Central Bank (ECB) and a slash in reserve ratio requirement (RRR) from China also offered a powerful mix of policy weapons to arrest the rout in the financial markets.
" Therefore, CPO futures prices may see a rebound next week, following a strong mix of policy weapons used to instill confidence in the market," he told Bernama. For the week just ended, the market was traded range-bound, mainly influenced by COVID-19 and crude oil price crash that rattled the global equities, commodities, bonds and currencies, which spiralled downwards.
The commodity prices were also affected by lower palm oil and CPO stocks in February 2020 as reported by the Malaysian Palm Oil Board (MPOB). At last Thursday' s close, the CPO futures on the local bourse even slid below RM2,300 per tonne after the World Health Organisation (WHO) declared COVID-19 a pandemic. The third-month benchmark CPO futures contract for May 2020 delivery declined by RM82 or 3.48 per cent to close at RM2,277 per tonne from RM2,359 yesterday -- the weakest level since Oct 17,2019 when the benchmark contract for January 2020 finished at RM2,259 per tonne. However, the fall in the past week was limited by the weakening ringgit against the US dollar as it made the commodity more attractive to international traders. On a Friday-to-Friday basis, the CPO futures contract for March 2020 retreated RM146 to RM2,302 per tonne, April 2020 dwindled RM141 to RM2,323 per tonne, May 2020 was RM167 lower at RM2,284 per tonne, and June 2020 tanked RM183 to RM2,270 per tonne. Weekly turnover widened to 392,393 lots from 344,679 lots at last Friday' s close, while open interest expanded to 321,588 against 306,292 contracts previously. On the physical market, the CPO price for March South was RM80 easier at RM2,400 per tonne from RM2,480 per tonne a week before. - Bernama |
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AhLiang
Elite |
15-Mar-2020 10:59
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Just not too long ago people were questioning why Indonesia had no void case. All at the sudden now, 96 cases had emerged. Even the Transportation Minister is infected as case number 76. Is he incharged of B30 policy implementation?
Awesome results, B30 Mandate in full swing, high CPO prices, low supplies high demand all cannot make it rise, will it go up when Jakarta is locked down? |
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tritonyeah666
Elite |
15-Mar-2020 10:23
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sticking to my 0.15 target | ||||
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AhLiang
Elite |
15-Mar-2020 06:37
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Be careful of BB''s pump-and-dump actions for the next few days. Don't bother that independent directors bought what prices, it was a multiple-bottom breakdown. BB loses big. He asked for it. | ||||
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AhLiang
Elite |
14-Mar-2020 09:50
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Need to monitor how Covid 19 spreads in India. It seems just the beginning. 86 cases 2 deaths. India is the world''s largest importer of palm oil. | ||||
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AhLiang
Elite |
14-Mar-2020 07:14
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No one will have the power or wish to push 39 pips to 0.20. If BB pushes, it is only because he wants to deceive people to buy high and then he will dump to you. | ||||
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vivacious
Supreme |
13-Mar-2020 19:04
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next week 20c | ||||
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AhLiang
Elite |
13-Mar-2020 18:44
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Alternatively if tonight Dow up, BB might push up and sell to retailers (who sold cheap today) because of FOMO. Then after that force it down to buy cheap.
It is like DBS today, down up down. No horse run at the close. |
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AhLiang
Elite |
13-Mar-2020 18:27
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Today big margin call so BB bought a lot cheap. Maybe next week he will take out his pressure cooker again and sell the same price in big volume and then buy cheaper from the retailers. Margin calls everyday because it is dropping everyday. This is why cheap can become cheaper. | ||||
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AhLiang
Elite |
13-Mar-2020 18:15
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When all other quality stocks are dropping big, who wants to buy this counter? Yes BB buys. | ||||
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AhLiang
Elite |
13-Mar-2020 18:12
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In open forum, we only say BB and don't say more.
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tritonyeah666
Elite |
13-Mar-2020 17:59
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0.15 next week! | ||||
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Wasim_Trade
Senior |
13-Mar-2020 11:52
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Thanks so much for your response! Big boss, are u refering to GAR boss? Anyway i alraedy bought at 20ct..i tought results were good, the company doing good..whts wrong with counter?
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AhLiang
Elite |
13-Mar-2020 11:20
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Big boss or big boy. Can only tell face-to-face.
Not the time to buy because it will drop faster than the worst counter in term of percentage in a weak market like this. No one will buy but everyone wants to short. If this is a recession which prolongs, wait at 0.12 to 0.13.
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