19 Nov '12, 2pm

Time to be Noble?

Noble looked interesting for a short term counter-trend trade. It has a bullish harami the day before and 1.05 seemed to be a strong support that extends all the way back to 2011. The founder and CEO have bought back the shares at around 1.08 in the last few days and that could provide an interim support for this counter. The reasons for its huge drop last week was due to “below than expectation” results and that one of its 3rd largest shareholder, Harry Banga, placed out $200m worth of shares

Full article: http://thefinance.sg/2012/11/19/time-to-be-noble/

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