Basically to my knowledge got to do with Klci very weak, one reason palm oil price very low.I have been emphasising if plantation companies don't improve d yield then its a doomsday for oil palm plantation.UP share price almost rm30 n their yield is more then 25mt n field costing is low with good field management.Its time Govt look into this area d Ministry should introduce KPI for a start to all GLC oil palm companies. Cutting of trees for future development of oil palm should be stopped instead concentrate to improve d yield using UP as a bench mark.If price keeps dropping below 2k good for diesel business but share prices will drop affecting market capitalisation of our KLCI... But if d yield increases then there is check n balance.End of d day industry will survive but company have to start cutting cost...may be d manger pay from 10k to 3k n so on n so forth "change reaction" n probably one month bonus. Does ppl realise this?????
sharp drop today in price... big boys will buy before market close. Weak players will keep selling, no holding power. Then a sudden surge sometime next week.
WASHINGTON (Sept 5): U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy.
Economists predict that nonfarm payrolls increased 225,000 last month, according to a Reuters survey. It would mark the seventh straight month that employment has expanded above 200,000 jobs - a stretch last witnessed in 1997.
The government reported last month that the economy added 209,000 jobs in July. Economists, however, expect June and July data will be revised to show more jobs created than previously reported, in line with a recent trend of upward revisions.
"It would be further confirmation that the economy is strengthening and is poised to break out later this year or early next," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.
X Ring .....yes of course interesting....punters used internal/external factors to push Index down which led to selling pressure...Govt came out to rescue mkt for public/foreigners to gain confidence so they decided to abolish tax on palm oil for 3mths.....now shares uptrend especially penny stocks. 05/09/2014 17:02
Doji n Nasdaq all have advanced on Friday + abolishment of palm oil tax appears positive for most over sold penny stocks. During this period RI for Suma being structured n so looks very positive as i notice Suma is following index. 06/09/2014 14:22
certain counters are trending downwards for the month of Sep due to most major indexes in a market correction phase since mid July. Menang also happens to be one of these counters. just need to be patient & hope that month of Oct is kinder to propel its price upwards to recover back. 85 cents in the past has been a support level where price reverses upwards. certainly I would be accumulating at lower prices to ensure that your Cost Average allows you to make a decent profit once the price starts moving towards your target selling price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortybones
73 posts
Posted by shortybones > 2014-08-29 12:16 | Report Abuse
still no movement? no announcements made yet?