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| Seattle Export |
My thoughts before trading commence.
So,the usual pattern has appeared with seller bids at RM1.44 and buyer bids at the overnight level of RM1.41. Interesting tug of war. Are the 2 sellers out fishing and reluctant to give up their bidding ground? Also, are the 2 buyers seeking 70 lots not in desperation too.
It may be a long while before a deal can be struck, I surmised.
No, I was wrong. the sellers got off their high horse and gave in to the buyers. some 215 lots are now done.
The seller now retrace his chess move back to RM1.44 with an offer of 170 lots.
The buyers are sticking at RM1.41 with a bid to buy 95 lots.
Let us look at other details on the board on BJF.
At the RM1.46 and RM1.47 range, there are about 746 lots to be disposed off.
At the buyers's end, there are 670 lots to be bought ranging from RM1.35 to RM1.41.
Now,at 9.41am, the stock is trading on a higher than usual volume of 9723 lots done with a humongous lot done at 5,000. The selling bid is RM1.45 at386 lots while the buyers are bidding at RM1.44 for 153 lots.
If there is indeed traction, then we are out of Tobruk at least.
I will be off to a meeting soon and will post when I come home at lunch-time or so.
Will continue to track Starbucks then.
Afternoon trading was rather brisk pushing BJF to a high of RM1.51 before weak sellers sell down the price to RM1.43 on the last trading seconds.
In life, this matters. A time and place where the axis meets and things happen to you. Oftentimes, you take advantage of this axis for advantage.
I do hope those who bought into BJF will see a great trading session for BJF tomorrow when it goes ex.
So, there was an assault on Normandy but the army of buyers were forced to retreat just outside the wall of Tobruk.
So keep your fingers crossed for tomorrow.
Prayers and blessings as always. Amen.
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