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hi,
well, soft commodities like CPO(crude palm oil),soybeans, wheat, sugar, etc has been declining for 3 years....after the boom and bust....saddled with stock piles of inventory due to over-production in the good old days. No surprise the prices of plantations stocks has been in decline...and lost lots of investors' $$$$.
They are at 3 years-low......is it time to look at them again?.....btw CPO is rebounding from 3 years-low....year-end festivities eg Hari raya, Deepavali, Chinese new year just might provide some demand for CPO and sugar. In addition, CPO is used to make biodiesel...this provide a floor to how much CPO price can drop...
will put up the charts for the agri (or some says " Ugly" ) stocks in my blog when i have time.....
cheers,
Jason at
http://myfcoach.com/ and
http://millionaire-investors.blogspot.sg/
i bought this stock a few years back when it was trading around $2.20 and didn't look much into it.
when i next took a look at this stock, i noticed that it was split into 2 counters and were trading around $1.20 or so. and when i next look at it, now there are 3 counters trading around $0.80 each.
i'm not a seasoned investor nor speculator, but can someone explain to me what happened to this counter? am i screwed with my previous purchase? what is the next step i should take?
thank you.
this is an extremely poor performing stock, super big disappointment, everything like noble or wilmar or whatever are rebounding, this is still grinding at hisotrical lower . given how much sti and any other indices have rebounded.
Personally, I prefer the stock to build a base first. Looking to average down to lower my current high breakeven price.
Huat together !!!
Cheers!!!
guoyanyunyan ( Date: 16-Sep-2013 12:34) Posted:
| Indofood Agri-Likely further recovery after strong bullish breaks |
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By Philip Teo
Likely further recovery after strong bullish breaks Key hurdles crossed.
Indofood Agri could see more upside ahead after initiating strong bullish breaks above both its 6-month downtrend resistance and $0.80 key resistance on heavy trading volume yesterday.
Indicator turning bullish.
The MACD is still climbing aggressively towards its centerline, suggesting that the upside momentum is building up.
Next resistance at $0.95.
The counter is likely to head towards the $0.95 next key obstacle (key support-turned-resistance) in the weeks ahead.
Immediate support at $0.80.
Meanwhile, we advocate a stop-loss exit around $0.77, which is slightly below the newly established resistance-turned-support at $0.80.
...recent low: $0.720... last: $0.840...
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| Indofood Agri-Likely further recovery after strong bullish breaks |
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By Philip Teo
Likely further recovery after strong bullish breaks Key hurdles crossed.
Indofood Agri could see more upside ahead after initiating strong bullish breaks above both its 6-month downtrend resistance and $0.80 key resistance on heavy trading volume yesterday.
Indicator turning bullish.
The MACD is still climbing aggressively towards its centerline, suggesting that the upside momentum is building up.
Next resistance at $0.95.
The counter is likely to head towards the $0.95 next key obstacle (key support-turned-resistance) in the weeks ahead.
Immediate support at $0.80.
Meanwhile, we advocate a stop-loss exit around $0.77, which is slightly below the newly established resistance-turned-support at $0.80.
...recent low: $0.720... last: $0.840...
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if it reverse, just SL a few pip behind 835.. im bullish on commodities stocks, they were at their lows and all rebounding.
marubozu1688 ( Date: 15-Sep-2013 21:36) Posted:
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Emmm ....waiting for the Huat Kueh to raise!!!!!
Cheers!!!
iluvboost ( Date: 15-Sep-2013 22:26) Posted:
loaded at 835....1st tgt 900...
good RRR...
GorgeousOng ( Date: 13-Sep-2013 11:05) Posted:
So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
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loaded at 835....1st tgt 900...
good RRR...
GorgeousOng ( Date: 13-Sep-2013 11:05) Posted:
So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
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So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
I've notice Indoagri has aggressively bought back their shares.. each time by 1,000,000 shares
this can be viewed as positive for the share..
gd luck dyodd
Indofood Agri Resources Ltd stock price is 0.80, the intrinsic value of this share is 0.88
You may check from http://www.drstock.org
Coy share buy back everyday since past week. Lets see if tomorrow can close above 80c for a big bounce on IndoAgru and other CPO counters as well.
Indofood Holding is a substantial investor of CMZ. Indofood Holding owns 70% shares of Indoagri. However, they are separate entities, which i think may explain why Indoagri share price did not fall.
I 4hink indo is an investor in CMZ
Time to jeep this counter.
Good Luck :p
looks weak today too, maybe due to chinaMZ
Share buy back in the money!! :)
Blanchard ( Date: 23-Aug-2013 18:56) Posted:
Company purchased 1 million shares at an average price of 0.77878 today.
A total of 5 million shares at an average price of 0.761686 was purchased this week. |
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Strike! Above 80C. TP > 1.
