noble group

noble group was down 7% due to harry banga selling off his shares ..
 
buying opportunity or expecting for worst ?? your call ...
 
commodity shares for long term it should be a good buy ...

wait for it to hit 70 cents or at least below a dollar before consider it.

Noble Group's Vice Chairman Emeritus
Harindarpal Singh Banga is offering to sell 225m shares at between S
$1.10-S$1.12.  The shares are being offered through Lexdale
International, which is controlled by Mr Singh and his spouse.
The offer represents about 60% of the 372m shares the director is
deemed to have an interest in.
Mr Singh is currently Noble's 4th largest shareholder, following
Chairman Richard Elman (21.3%), China Investment Corp (14.4%) and an
asset manager (5.9%).

what is the catalyst that will force it down to 0.70 ?

Noble will not fall below 90cts.  70cts - dream on ................