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Moody seems to be right in downgrading this counter , but where is the bottom ?

(29-08-2016, 06:40 PM)cfa Wrote: [ -> ]Moody seems to be right in downgrading this counter , but where is the bottom ?

Going by today's price action, it does not seem like a bottom has been found yet....

Maybe after the outcome of the pending sale of NAE , picture will be cleared .

Something must be wrong with the management . Someone knows something that we don't ?

There must be a lot of people who know what's going on...judging from the sell down in the last few days...

(02-09-2016, 01:24 AM)mulyc Wrote: [ -> ]There must be a lot of people who know what's going on...judging from the sell down in the last few days...

If "a lot of people are knowing what's going on", it is highly probable a result of herb mentality (due to fear?)

I am more worry about, few people, especially insiders, are knowing what's going on, and selling in high volume. Big Grin

(vested)

(02-09-2016, 09:13 AM)CityFarmer Wrote: [ -> ]
(02-09-2016, 01:24 AM)mulyc Wrote: [ -> ]There must be a lot of people who know what's going on...judging from the sell down in the last few days...

If "a lot of people are knowing what's going on", it is highly probable a result of herb mentality (due to fear?)

I am more worry about, few people, especially insiders, are knowing what's going on, and selling in high volume.

(vested)

true. the insiders are the scariest unknown for us retail investors. going by current online chatter, it could be that everyone is just throwing out their averaged-down shares (from the rights issue).

Base on short selling records of SGX in the past few trading days , almost half or more than half of trade volumes were done by short sellers . If some of them covered back their positions , the real trades were very little .
Noble is a punting stock , even the Chairman did short sell his NP right in big quantum , who else dont ? Especially short sellers like muddy water !

seems to have come alive on the back of a MS buy call...

The following website, provides education info about Commodities Trading, which is relevant here. The author is from Trafigura, one of the leading commodities trading company.

http://www.commoditiesdemystified.info

(sharing an educational site)