Dear supermix2, are you holding any OWG? First time seeing you here. TQ anyway. But generally OWG is a stock which trade sideways most of the time until its catalyst comes. Dow Jones up, it goes down a bit. Dow Jones down, it goes down even more. Very seldom seeing it spikes. That is why got to hold very, very, very long.

At 1.35 am, Dow Jones fall a hefty 170 points and Crude Oil (WTI) down to USD31.70. Tomorrow see whether OWG can stand the intense selling pressure or not?

Just wondering whether OWG will trade sideways between RM2.41 to RM2.49 for 40 market days starting 22.02.16 until 14.04.16?

On behalf of OWG, CIMB wishes to announce that the first tranche of the Proposed Private Placement was completed following the listing of and quotation for 12,000,000 Placement Shares on the Main Market of Bursa Securities.

The private placement will be carried out in tranches (secara berperingkat).

There are still 22,199,900 - 12,000,000 = 10,199,900 private placement shares not taken up yet.

A Doji Star candle stick is formed indicating the bears are as strong as the bulls.

At 2 am, Dow Jones +210 and Crude Oil (WTI) at USD33.70. If tomorrow, OWG lose power in the evening like today, it is going to be a waste.

Yes, with the total acquiring of 500,000 X 2 = 1,000,000 shares, EPF straight away becomes the substantial shareholder of OWG beginning 18 Feb 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5005165
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5005177

Wow! wow! wow! EPF buying OWG.

RM2.50 is cum-bonus RM3.00. That is why it is so sensitive at this level. At that time, many thought after going above RM3.00, it won't drop back to below RM3.00. But it dropped back badly. Now got to see where is the equilibrum price.

Wow! Dow Jones futures now +206 and crude oil (WTI) USD32.70. OWG please show your true colour despite the T + 3 and T + 4. Waiting for you to break RM2.50 permanantly.

Closed at RM2.49 only. Can't get past the resistance RM2.50. Might need till end of April.

Please don't turn red. Dow Jones future now +152 and crude oil is US32.50.

Resistance too strong. Downtrend now. Pressed down.

Dear operator, crude oil (WTI) has broken above USD32 and now Dow Jones futures is now +98 points. Please don't press down the price in the afternoon session. Let it float freely.

Posted by ffforever > Feb 22, 2016 12:21 PM | Report Abuse

OWG... target RM 4 year end.. go go go...


Possible!!! Provided CIMB keeps on writing positive things about OWG.

Not yet smile lah, Robert168. My target price is RM3.30. My cost price is RM2.28. Still a long way to go.

Operator, please don't push down the price in the afternoon session. But you are welcome to rally it higher. Please.

Oil free fall.

Posted by nekosan > Feb 18, 2016 10:47 AM | Report Abuse

Not yet in play. Operator is waiting for a better time.


The operator really have wasted Tuesday and Wednesday by pushing down the prices in the afternoon session. And Thursday rise is just 9 sen to RM2.34. And now (Friday), US markets have fizzled out. Just hoping for a miracle to break RM2.35 tomorrow.

Operator is waiting for a better time:
(i) April 2016 - Soft launch of Komtar
(ii) End of 2016 - Full launch of Komtar
(iii) End of 2017 - TCFW Genting launched

Posted by martinbartesque > Feb 16, 2016 10:19 PM | Report Abuse

I just bought it at 2.28 today. Its MACD has crossed signal line. it is an upward signal. It has resistance at 2.35. Let it break the resistance, then sunshine days will come.

Unfortunately, it could not close above RM2.35 today. Let's see whether there is any follow through buying tomorrow or not.

From 21/09/2015 to 9/10/2015, there was a sideways trading for 15 market days (RM2.22 - RM2.30). Then it went up to a high of RM2.89.

Now from 22/01/2016 to 17/02/2016, there was a sideways trading for 15 market days with the same price range. So from tomorrow onward, there should be a bullish rise already, let us call it pre-quarter results rise. Hope that Mr 'institutional trader' won't push down the price in the afternoon session everyday.

OWG is expected to have a better y-o-y and q-o-q results this 24 Feb 2016 (due to school holiday season Oct, Nov & Dec 2015). 59sixty restaurant everyday full house. But the share price lies in the hand of the 'institutional trader'. It seems that he likes to sell heavily in the evening. 15 days of sideways trading already.

Oil (WTI) is now above USD30 and DJIA is now +200 plus. Please have mercy on us (ikan bilis), Mr 'institutional trader'. Let the price of OWG fly freely.

Dear Greatful, would you mind to share what is the 'same pattern' between OWG and Karex?

Volume drops back. Price sideways.

Thank you very much for your support, Martin.

Thanks Robert168.

Record high trading volume but price unchanged means accumulation or distribution?

Number of shares after bonus issues: 211,999,000
+ Today's 12,000,000 =233,999,000

I am afraid they are new shares.

No. of shares issued under this corporate proposal : 12,000,000

12,000,000 is the first batch out of 22,199,900 PP shares are listed today.

Robert168, what is your opinion of today's trading?

55763(00) units done is a record volume for OWG ranging RM2.25 to RM2.33 and closed unchanged at RM2.26.

It closed unchanged at RM2.26. But what about the days ahead? Clearly big share holders are manipulating the price to block it from going up. Very worry.

Which big shareholder is selling so seriously? PP holders?

At RM2.26, eat 500 give back 500, eat 500 give back 500 .... So scary.

Dear Mr Johny Khong, can you please comment on what is happening to OWG now. Feeling very uneasy. Now even turn red RM2.25.

Finishlah OWG. Now RM2.26. Very disappointed.

Why continue to drop? Now RM2.29.

Aiyoo down to RM2.30 now.

Aiyoo big fish threw down 4800(00) units to RM2.27. Scary.

Just hope that OWG is a gem and not a discarded stone. Second quarter results should be exciting. Mid April 2016 soft launch of The Top @ Komtar with Marcus Chan (CIMB) writing should be exciting. And if crude oil really cut production, it will be even more exciting.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5000053

On behalf of OWG, CIMB wishes to announce that Bursa Securities has, vide its letter dated 15 February 2016, approved the listing of and quotation for up to 22,199,900 OWG Shares to be issued pursuant to the Proposed Private Placement (“Placement Shares”).

13 market days of side way trading already since 22.01.2016. When is OWG going to rally past RM2.30? There are a few major share holders blocking at RM2.26. Dow Jones future is in green and Shanghai index just minor drop.

Short covering now. Oil rebounds.

Yellen: Fed not likely to reverse course on rates despite risks.

http://finance.yahoo.com/news/feds-yellen-cites-global-risks-133256204.html

http://finance.yahoo.com/news/oil-prices-rebound-sharp-selloff-more-volatility-expected-023545448--finance.html

There is suppose to be a report on US stockpiles in crude oil inventories at 11.30 pm but still can't see it. What time it should be released?

Crude Brent oil is getting nearer and nearer to beak USD30. Now USD30.40.

Crude oil (WTI) falls below USD28 again to USD 27.80.

Crude oil WTI hits new low at USD27.75.

Brent oil down to record low USD30.30.

Crude oil WTI hits new low at USD28.20.

WTI down 29.40.
Brent oil down 31.90.