*diablo88, me searching back the trail on what is yr statement previously. Noted you have deleted some but i managed to cut & copy the screen captured from my tablet. hehehe..
Wah, just got the screen. This counter is nearly Overbought. Its on Uptrend. HOLDing position may hold up to the next TP. New player shall wait below RM1.
diablo88. yes, very sure, strong support are ta RM0.97-RM0.99. as mentioned before, i honestly said taht i am not good in commodities but will keep on study and study. i am figuring out for the definitions of Overbought vs Oversold with this counter. Currently, the best time for me (*in my opinion) to buy this counter and to *keep for good (commodities trend) is when the GE is announced. the TP shall be below RM1.0. Meanwhile, for an intra-day contra strategy, we might consider for the range of RM1.1 (Buy at Dip) to RM1.07 to trade with. Further reading to support my statements was wrote by 'kltrader' at: http://klse.i3investor.com/blogs/kltrader/12883.jsp P.S: thanks in advance 'kltrader'. Viva La Espana! Heheh.
Rimbunan Sawit may resume its uptrend after closing at its highest in over four weeks yesterday. A purchase can be made above RM1.06, with a close below the psychological RM1.00 as a stop-loss. The price target is RM1.50, provided that the recent high of RM1.20 is violated. However, a correction will likely follow should the stop-loss be triggered. Supports are seen at RM0.91 and RM0.83.
Rsawit has a lot of immature plantation which will bring a lot of money for the company at next few years. Thus I suggest to buy this share for long term investment and might have bonus issues soon like last year.
Absolutely correct! This stock is suitable for those long term investment but for those short term may sell on 1.16~1.20. Therefore, for this moment will see volume but low momentum.
Plantation is a long term investment. You cant have the instant yield which most greedy punters are interested. The palm tree needs time to grow and the fruit need time to mature and becomes ripe. The yield shall come gradually or organically as current technology could not make a palm tree to start producing the fruits the next day after it is planted. If not mistaken it need about 3 years. But once it is planted it will keep producing for the next 20yrs. wouldn't that wonderful. Its a money plant.
Of course they up and down of CPO price affects the profit. But are they in the RED during bad or good times?
The good thing about plantation stock, they have landbank. Landbank is tangible asset. It shall appreciate over time. Don't believe look at Sime Darby Property, all are converted plantation land they owned. I guess it is a safer bet compares to MESDAQ stocks. Technology could not last forever. Where is Sony or other Japanese high tech co? They are dirt cheap now. Public is already in favor for Samsung for time being.
I have my trust and believe in the plant. Just like American with thier Soya or Corn!
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....
diablo88
1,215 posts
Posted by diablo88 > 2012-06-28 15:00 | Report Abuse
i already said what I need to say earlier on..cannot say more bro