uncle's stand and tone can change very fast also...today say sell, next few days say buy.

uncle kyy quite chun...when he asked to sell this morning, price starts recovering well...

uncle call sell, it is a buy.

oil fall to a more sustainable level is good for the industry n economy....personally i prefer oil at USD 80-90 and crack spread of USD 20. Panic sale like today is good for those with cash.

busy bottom fish...

yeah current price is very cheap. Sanction will not be over even war end. Invader like Russia must be weakened or else they will continue to invade...the west has no choice for their security. This process to weaken russia will take years...

mm just recycle and recycle the same msg. War will end, sanction will not end until russia gives back invaded land.

first is RM 4.20 to RM 5.00+... Second will be RM 4.60- ?

chinaman operators give you chance to buy low sell high again....

the west will continue to boycott Russian oil until Russian eco collapse. An invader must be punished or else Russian may continue to invade other western Europe. Oil will remain high.

My wish of course is oil to fall to a more sustainable level and crack spread at USD 20 is good enough...

operators still accumulating... we have yet to see second wave big surge yet

when crack spread is at USD 30 in Aug, HY price will not be RM 5, it maybe more than RM 8 by then....

rebound over 20% is not a dead cat bounce like KYY said in his earlier article.

All news are pointing to solid fundamental of refining. Only insiders will know how long good profit margin is going to last.

https://oilprice.com/Latest-Energy-News/World-News/US-Gasoline-Demand-Increasing-Not-Waning.html

https://oilprice.com/Latest-Energy-News/World-News/EIA-US-Refining-Capacity-Sinks-To-Near-Decade-Low.html

Haha, ChalesT is correct...no bones left.

At current price, i think more than 90% investors are losing money including sifu and probability. Chinaman operators very mean.

btw, should thank uncle kyy article to ask people to sell. Hope he will not buy back when uptrend again as operators don't like him, obviously

betting commodities related counters like Hy and Petron one must note that it will be very volatile. If crack spread in Aug 2022 remains around USD 20, you wound not get them at current price in Aug. If crack spread in Aug 2022 is below USD 5, then you may get HY below current price.

KYY asks to sell, it is the time to buy. I guess this popular quote in i3 will be chun again this time...

rebounding from oversold. Once turn green, many will chase again...

call warrants' traders are hit the most from 30 sen+ to 12 sen ( C24). Bankers ie IB win big, as usual. Don't play play with cws

Petron 20 sen div ex monday.

Ya, i started to add aggressively now both hy and petron. Current price is a good bargain after extreme fear.

uncle kyy cannot tahan and cut loss in his article published just now. Kena margin call?
Uncle out is not a bad thing. i3 famous quote : when uncle sells, you buy, vice versa still valid this round? Let see

uncle kyy cannot tahan already...
i3 famous theory still holds or not, ie when uncle calls sell, it is time to buy, vice versa?

i am happy to buy more those force sales shares at bargained price now... RM 5.12-5.13

i guess only lah...uncle bought too much at RM 6+ now kena margin call...

i think someone kena margin call...

chinaman has collected enough, time to rebound to RM 6 soon...

those catch the falling gold yesterday and this morning is laughing to the bank...

those catch the falling gold yesterday is laughing to the bank...

i think the worst is over for now. I am happy i did bottom fishing yesterday.

bottom fished henyuan and petron yesterday and this morning...

very satisfying bottom fish today. 95% of stocks drop badly.

about time to bottom fish...

i don't think HY price will collapse esp crack spread remains high. Those who wish to cut loss should not sell at such low price now. Tech rebound is imminent.

generally, today is good time to buy stocks for short term bet. Most stocks in KLSE are on sale.

Sharks really love retail investors... When up, most chase high and high, when low, all rush to sell low...

CWs have dropped more than 50%-60%, mother share dropped by 10%-20%, depending on when you buy. The worst hit are cw investors.

Petron, my side bet, is doing better than HY.
I believe HY will follow soon, just need more "shaking"

petron more fun...i bottomed fish this morning at 6.90+now can take profit.
Henyuan like kena KYY curse...Perhaps uncle bought too much operators' shares, so have to wait for more "shaking" by operators.

again bottom fish at 6.10-6.13...

https://time.com/6182262/diesel-shortage-inflation/

https://newsus.cgtn.com/news/2022-06-02/U-S-truckers-face-diesel-fuel-shortage-1awqx6SHzVu/index.html

in about 3 months time, we will know who is right and who is wrong.

i am happy to buy below RM 6.20

Kyy effect, mother share dropping 18sen+now

when price up, this forum is peaceful. When down, this forum become fxxxxxxxxxxxx

price surge again...

grabbed some RM 6 at the opening... earning some peanuts now, let see can become gold latter

This is true. probably all losses already provided in Q1...kitchen sinking.
New hedging will be based on existing high crack spread even crack drop they will have gain on derivatives. As such Q2 will be explosive.
Nonetheless, this is pure rational speculation only. HY results are very difficult to predict since 2017...

.....................................
probability

when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue

1 hour ago

when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue