Has any one got shares in Amana bank?

ccsentha · 1 Has any one got shares in Amana bank? Fri Mar 29, 2013 1:50 am

ccsentha

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has any one got shares in Amana bank?

thighrokker · 2 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 6:17 am

thighrokker

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Yep.
It seems coming up from 1.40. Seems to have picked up in quantity also. But RSI is getting closer to 70% and already cut Bollinger upper, so TA suggests a reversal. But with general sentiment of CSE, ATL might keep going up.

ccsentha · 3 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 8:07 am

ccsentha

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Yup mate that's true, but i was asking abt amana bank not atl.

ccsentha · 4 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 8:09 am

ccsentha

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It's not listed in cse

bullrun · 5 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 8:10 am

bullrun

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thighrokker wrote:Yep.
It seems coming up from 1.40. Seems to have picked up in quantity also. But RSI is getting closer to 70% and already cut Bollinger upper, so TA suggests a reversal. But with general sentiment of CSE, ATL might keep going up.

One reason may be the improvement of the bottom line first time since the start and hope of further improvements.

Can you explain the underlined sections little more?

rainmaker · 6 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 11:36 am

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Might be wrong ......... but .....Amana Bank is in accordance to muslim principles which means that bank account holders are shareholders. You should share in the profits as an account holder.

If they don't you should tell them that as a "newly" converted muslim they are not in accordance to muslim law and that due to their deciet their tongues should be cut off on galle face Razz

sadikeen · 7 Re: Has any one got shares in Amana bank? Fri Mar 29, 2013 12:25 pm

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rainmaker wrote:Might be wrong ......... but .....Amana Bank is in accordance to muslim principles which means that bank account holders are shareholders. You should share in the profits as an account holder.

If they don't you should tell them that as a "newly" converted muslim they are not in accordance to muslim law and that due to their deciet their tongues should be cut off on galle face

Under islamic principal profit will be shared with different investor groups such as depositors, shareholders etc. So holding an account in the bank does not entile you to claim any ownership of their shares.

thighrokker · 8 Re: Has any one got shares in Amana bank? Sun Mar 31, 2013 11:46 pm

thighrokker

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bullrun wrote:

thighrokker wrote:Yep.
It seems coming up from 1.40. Seems to have picked up in quantity also. But RSI is getting closer to 70% and already cut Bollinger upper, so TA suggests a reversal. But with general sentiment of CSE, ATL might keep going up.

One reason may be the improvement of the bottom line first time since the start and hope of further improvements.

Can you explain the underlined sections little more?

http://en.wikipedia.org/wiki/Relative_strength_index
http://en.wikipedia.org/wiki/Bollinger_Bands
Its always more polite to Google first and ask afterwards, if you still did not get the answer.

smallville · 9 Re: Has any one got shares in Amana bank? Mon Apr 01, 2013 9:17 am

smallville

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bullrun wrote:

thighrokker wrote:Yep.
It seems coming up from 1.40. Seems to have picked up in quantity also. But RSI is getting closer to 70% and already cut Bollinger upper, so TA suggests a reversal. But with general sentiment of CSE, ATL might keep going up.

One reason may be the improvement of the bottom line first time since the start and hope of further improvements.

Can you explain the underlined sections little more?

Those underlined sections are technical chart indicators of a stock movement, so it has nothing to do with improvements of the company.

RSI can go above 80 or even 90 before a reversal and upper bollinger lines could be cut and still the stock can move up making new highs. If there's demand, no worries.
Again, 14 day moving average has crossed 50 day moving average uppish, means a good buy signal. I'd hope this to go at least to 1.80-1.90 if demand continues.

Disclosure: I have ATL in my portfolio bought few weeks back.

thighrokker · 10 Re: Has any one got shares in Amana bank? Mon Apr 01, 2013 9:23 am

thighrokker

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True
The buy:sell ratio was almost 5:1 last week. My worry is if this is real demand.

CSE.SAS · 11 Re: Has any one got shares in Amana bank? Mon Apr 01, 2013 9:25 am

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thighrokker wrote:True
The buy:sell ratio was almost 5:1 last week. My worry is if this is real demand.

I saw large buying order at Rs.1.40 (may be fake orders)

kaka · 12 Re: Has any one got shares in Amana bank? Mon Apr 01, 2013 9:37 am

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rainmaker wrote:Might be wrong ......... but .....Amana Bank is in accordance to muslim principles which means that bank account holders are shareholders. You should share in the profits as an account holder.

If they don't you should tell them that as a "newly" converted muslim they are not in accordance to muslim law and that due to their deciet their tongues should be cut off on galle face

Thawath gonek wage penne lol!