While the entire market went red today, Olam seemed to be strong with prices ending higher. However I am not bullish on this stock because I have seen no real evidence of BBs buying activity yet. In fact, I will be watching for the K Turn and the moment buying power is fading, I will almost certainly look for the manslaughter. Of course, should BBs buying activity turns strong, that would negate my bearish view. My trading plan for Olam is to short into strength the moment it starts to turn.
Ronald K
