What a great move by Olam!
Olam unveiled a US$750 million stapled right
issue of bonds and warrants yesterday and it will
hit back at the short-sellers and help dispel doubts
about the firm. I believe the best part is that its major
shareholder, our own Temasek Holdings will subscribe
to all the bonds and warrants that Olam's other
shareholders do not take up. How's that for the
confidence call. It looks like its future is not as "Muddy"
after all. Since its recent saga broke out, I have maintain
my bullish view on the company and called for a
value buy on the stock, and those readers who took
a risk and got it at discounted price can now collect and
sit on the profits. As of writing now, the stock will gap
up at an opening match price of about 1.63 8-)
As for other stocks, it is good to see that Yoma had
attracted The Capital Group to invest in the company.
It had bought over 7% of the shares at $0.525 and
the shares is going to be like 如虎添翼.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠,我笑别人看不穿
危机就是转机!! The Chinese use two brush strokes to write the word "Crisis". One brush stroke stands for Danger, the other for Opportunity. In a Crisis, be aware of the Danger but recognise the Opportunity. - Former US President Richard Nixon
Tuesday, December 4, 2012
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Disclaimer:
Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.
Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.
I will not be responsible and liable for any losses incur from my views and recommendations in my blog.
Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.
Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.
I will not be responsible and liable for any losses incur from my views and recommendations in my blog.
Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.
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