The significant difference bet. price crashing down on low vol. and price crashing down on high vol.
Sometimes, certain things could only be visible on the chart when the share price starts its unusual / volatile movement (up or down all in a row, with or without volume). Bollinger bands are very powerful technical indicator. When using it as a key indicator, volume is not necessarily required, instead, the breakout (upside or downside) at the upper or lower Bollinger band is more important. Likewise, in a downtrend, volume is not required for a downside breakout at support level. However, in an uptrend, volume is necessary for an upside breakout at resistance level. Note: A price drop (or rise) on high volume all in a row is a stronger signal indicating that something in the stock has fundamentally changed.
While based in Asia, Noble has a growing North American oil business and is a major European zinc trader. But some of Noble’s operations have struggled to consistently generate cash, and the company has accumulated net debt of $4.2bn — more than 2.5 times its market value, or 3.6 times its earnings before interest, tax, depreciation and amortisation, according to Moody’s.
Trader strives to preserve investment grade rating by raising $500m from investors or asset sale
In addition to long-term debt, S&P said Noble had about $360m in bonds maturing in the coming months as well as $2.2bn of short-term credit facilities to renew in May.
Fortunately I did not lose any money on Noble Group. Had I been less patient and sold earlier I would have nearly doubled my money on this investment. Unfortunately I succumbed to hoping, praying and wishing for things to improve. What I should have done was to sell out much earlier when it became clear that the company performance was deteriorating.
Iceberg Research to write 4th report on Noble Group Jan 27, 20163:36 PM ICEBERG Research, the little known group that raised questions on Noble Group's accounting practices a year ago, is preparing a fourth report on the commodity trader. It did not state when the report is expected to be published, but in a post on its website announcing this, said most of its earlier arguments are already recognised by the markets. These include a target price of 10 Singapore cents for the group, which Iceberg said is "partially validated" and that Noble's investment grade rating "has always been an anomaly" which will be corrected. Noble's ratings at Standard & Poor's and Moody's have been cut to junk, while Fitch has reaffirmed its investment grade status. Iceberg noted that its claim of Noble overstating at least US$3.8 billion in fair values has not yet been validated, but has "absolutely no doubt" that this - the most important remaining argument in its view - will be "recognised as fact as well". Noble declined to comment on the matter. The commodity trader will be holding a special general meeting on Thursday to seek shareholders' approval for the sale of its remaining 49 per cent in Noble Agri to Cofco International. The counter was trading at 28.5 cents at 3.26pm, up 3.6 per cent from its previous close.
hmmm...somehow feel like noble is going for a technical rebounce to 0.380
Noble's share price still has the last and only positive catalyst to reverse the current strong downtrend; the wild card is none other than the major SSH, CIC's vested interest in Noble at 9.3562% or 630m shares (as at 26 Feb 2015).