My Trading Adventure
Stock Alert : O&G
CP TEH
Publish date: Mon, 01 Aug 2016, 06:50 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Alam : At new low, 31cents ... gapped down today. It is down 80% from the peak.
Coastal : Dropped 70% from the peak ... at RM1.50 now. At whatever level we bought inside here, one might have a huge paperloss now.
Perisai : Closed 22.5 ... dropped from RM1.70 ... so many retailers STUCK inside ... wonder why? Because cut-loss is too painful, many average it down.
Note : We do not average down non-dividend, cyclical stocks ... and market NOT crash yet.
e-mail : Someone asked me about Coastal ... if break RM1.40, new low will be registered. I will not recommend to buy more or hold into O&G counters. The bottom is not there yet.
TEH
More articles on My Trading Adventure
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
save malaysia!
4
save malaysia!
5
6
M+ Online Research Articles
4Q24 Outlook & Strategy - Budget 2025 and Ringgit Trend Will be Focused
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Gokula Krishnan
Perisai and Alam are in the FPSO domain, one of the most affected. To me, to survive, they should delist or merge. Lets not forget, the monster Icon offshore. If these 3 merge, you will have by far the largest FPSO and rig provider in this part of the world (not sure who else is bigger) but there is just no business. Who's going into exploration now at USD45 per barrel of oil?
2016-08-02 08:38