The CEO of Yamada Green Resources bought 2,350,000 shares for S$188,916.50 yesterday, ie , 8.03 cents a share on average. It's a very positive signal. Let's see if he continues to buy --- today, or in the near term.
Global crude prices jumped nearly 6 percent on Wednesday, after the largest crude drawdown in 7 months at the key U.S. crude delivery point in Cushing, Oklahoma fed a new round of market volatility.
Oil bulls were also encouraged by doubts on whether the Federal Reserve will decide on a U.S. rate hike on Thursday after tame August inflation data.
Some speculators in oil had bet on a big U.S. draw since Monday, after market intelligence firm Genscape estimated a drawdown of 1.8 million barrels in Cushing.
Official data from the U.S. Energy Information Administration showed a total U.S. inventory drop of 2.1 million barrels for the week ended Sept. 11. The Cushing draw itself was 1.9 million, the largest since the week ended Aug. 28.
The draw numbers were bullish beyond average analysts' forecasts. A Reuters poll called for a total stockpile growth of 1.2 million barrels last week.
28 Sep 2015 15:29 - 28 Sep 2015 15:29#22531by pine
pine replied the topic: Penny stocks on the move
One of the few in green today....TTJ Holdings +1.5 cents -->38.5 cents. Vol. is 60.5 m as of mid this afternoon, very massive because of a 54.7 m share married deal this morning. A new substantial shareholder has entered the stock.