Closing Noble

In my previous post this morning, I bought Noble for $1.29 for speculative play. (refer to previous post here)

Target of $1.36 was not achieved. So I sold all my Noble holding @ $1.305 at end of the day.


Return=> Meager 0.7% after commission

Speculating On Noble

Hi, Noble is drastically oversold today.

Given Noble Beta of 1.6===>>>> It should have fell around 2% today instead of the 7%.

Also Olam, a similar (not same business) only fell by 1.2%. Hardly in tandem with Noble's movement today.

I am betting it will recover by mid day.

Good Luck to me

Target 1.36
Entry 1.29

Note that this trade is a speculation for quick gain. I have yet to do detail analysis on Noble. Follow at your own risk.