The 3 major commodity traders have grabbed our attention recently.

1. Sept: Wilmar Intl gains momentum, showed signs that it might be ready to break its stagnant trend ($3.08-$3.25).
2. Nov: Noble Group Vice-Chairman Banga sold off 225m shares, causing the share price to fall 8.2 percent ($1.07).
3. Nov: Olam Intl share price falls by approx 10% in a day after accusations by Muddy Waters, questioning their accounting practices.

OLAM Intl Muddy Waters:

• Unable to reconcile Olam’s capex with announced projects
• Olam has been very active in the public market
• $4.125b outstanding debt

Some facts:

• Olam is the most borrowed stock among Singapore’s top 30 companies, suggesting heavy demand from short sellers
• Nearly 80 percent of Olam’s shares that can be borrowed are out on loan

-credit: http://business.asiaone.com/A1Business/News/Story/A1Story20121121-384781.html Here’s a quick estimate of where the share price/support/resistance would be headed. We expect the downward ......