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Tuesday, November 20, 2012

Olam Sell Off Hard

Olam dropped 13c or 7.5% today to 1.61 at the close, after the short seller Carson Block questioned accounts.
This is how its chart looks today. Not sure how many of you still remember my previous post about Olam 10 days ago on 10 Nov, (click HERE), I said it will drop further but I have no idea how it will do that. Anyway, my target 1.1-1.2 remains. Let's see how will it work out. (Remeber: It will not go down one straight line).

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