NEWS FROM BLOOMBERG: Oceanus surges by limit for 2nd day on plans to buy 2 firms Written by Bloomberg Tuesday, 12 January 2010 11:59 Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this FacebookExport PDFPrintE-mail Oceanus Group, the worldââ¬â¢s largest operator of abalone farms, surged by its daily limit for the second day in Taipei trading after it plans to buy two companies this year and sell shares in its restaurant unit as early as 2012. The stock jumped 6.9% to NT$13.15 (57.4 cents) as of 11:11 a.m. on the Taiwan Stock Exchange, while trading in Singapore was halted today. The Taiex index fell 0.7%. Oceanus may buy a Taiwan food-packager by mid-2010 and an Australian company later in the year to boost its supply of wild abalones, Chairman Ng Cher Yew said in a Bloomberg interview. Ah Yat Tian Xia, its chain of restaurants, will sell shares in Taiwan or Hong Kong, he said. UNQUOTE: Fellow Next Insight forum readers. Do expect Oceanus prices to surge when trading resumes.
TRUE ENOUGH !!!! Oceanus price surge today !!! Hope those who have seen my posting could have buy some lots and make some money already. Since that it had overcome the 0.435 level, the next level is 0.47 ( strong resistance level ) and believe it could be break with high volume. After it break 0.47, no more mountain to overcome like NOBLE !!!
Those holding Oceanus - not to panick and sell whenever profit takings take place. Once Taiwan side price rises to 0.70 by this week, expect Singapore side to move in tandem. Hopefully by CNY both SIngapore and Taiwan prices will be about the same. If it happens- expect at least 20 cans of abalone more to eat
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