Noble made a statement yesterday that they were looking to sell 49% stake in Noble Argi Limited. When the news was released the stock jumped to a high of 0.435 and from there on, the news seemed to fizzled out. As of now, it is currently trading at 0.415 without much volume. Normally when news were released, the Big Boys will use this as a maneuver to sell their shares which they bought earlier so that they can book profits.
Unless the news is confirmed, the price would be triple or quad fold as compared to a few pips jumped. If it's only rumors and in talks, it's a good start that things are moving and a better and higher price for Noble to come. Watching this counter.
Ronald K - Market Psychologist - A Stock Market Opportunist
