Success in Stock Market through Value Investment
Someone asking is it now a good time to buy? I would say no as risk of margin of safety and the price was now in downtrend.
When is a good price to enter? I would say 3.00. My opinion only.
From the chart we can see the price now in selling pressure, i believed the price will continue move downward till the support level. Say 3.00.
Thailand to cut rubber exports 50 pct from March to August
Thu Feb 4, 2016 3:27am GMT Print | Single Page [-] Text [+]
BANGKOK Feb 4 (Reuters) - Thailand, the world's top rubber producer and exporter, will cut its rubber exports by 50 percent starting March, the Rubber Authority of Thailand said on Thursday.
The International Tripartite Rubber Council (ITRC) said on Thursday that members Thailand, Malaysia, and Indonesia, the world's top three rubber producers, will cut exports by 615,000 tonnes.
"The three countries will cooperate in cutting exports by 615,000 tonnes from March to August," said Chao Songarvut, acting director of the Rubber Authority of Thailand.
Thailand would cut its exports from March to August, said Chao, adding that the move was to drive up rubber price.
