Singapore Wyckoff & Volume Spread Analysis

In summary, from MW report summary :   Initiating Coverage on Olam International – Strong Sell Published: November 26, 2012 Muddy Waters rates Olam International (SGX:O32; OTC:OLMIY/OLMIF) shares a Strong Sell. In this latest report Muddy Waters highlights how: Olam runs a high risk of failure. Its “asset heavy” strategy appears to be an off-the-rails CapEx and acquisition binge. Management talks about the “gestation” of these projects, but our research makes clear that they are marred by incompetence and perhaps significant misconduct. The vast majority of the acquisitions we have researched are of low quality assets that appear to bring little more than cosmetic benefits to Olam. In short, these projects are “pie in the sky” that we strongly believe are destroying substantial amounts of capital. Bond holders in particular should be asking where their money goes (and how they will get it back). Olam has spent S$571.0 million less on acquisitions than announced. However...