Why is Bumi Plc (formerly Vallar Plc.) not dancing the rhythm its peer in Indonesia, Bumi Resources and BNBR, play here? Not last night when it was the big day here, nor even today when market is already open in London.
Asking why? Certainly yes, it is an act of some speculators. But, market in London pays due respect more than just following the herd, let alone speculators. What does the market over there pay attention to? Find the answer tomorrow through a condensed summary report. The bigger thing have just been circulated for limited audience last night or yesterday's noon London time. Meanwhile, our advice for Indo traders tonight, sleep tight and sweet dream your buying of BUMI and BNBR yesterday and today. :d '+' On Wed, Jun 22, 2011 at 9:01 AM, positif01 <[email protected]> wrote: > BNBR jumped 6.2%, BUMI likewise rose 4.2%. All increased at Indonesia > market. Some argued that the rebound was amid speculation that recent plunge > was excessive. > > Is it the case? > > We do not think so. We would prefer to say what has been seen yesterday as > just a mere 'recovery spike', not a reversal. And, as it always happens in > any market, spike would be more likely temporary in nature. We are on the > side of the technical analysis which says that being attached to Bumi Plc > (formerly Vallar Plc), all-related stock in different market remain negative > for medium-term technicals. > > London market did not pick up the steam in Indonesia with BUMI and BNBR > yesterday, and instead, Bumi Plc was just able to gain fractionally last > night for just 0.293%. Foreign market did not concur and disconfirmed. > > http://www.bloomberg.com/apps/quote?ticker=VAA:LN > > '+' >
