Hong Leong Research likely be paid RM1million to produce that report to mislead retail investors to buy whereas fund managers are selling fast. I was told by my neighbours who work as financial analysts that they are paid cash by those fund managers to produce reports to influence retail investors.

They all know the financial results already by now. Retail investors don't know. So they sell first whereas retail investors can only sell at much lower price for them to cash out.

Those fund managers want retail investors buy at 0.65, so Hong Leong is paid RM1million, producing the report now, then they sell those shares at 62-65 cents to retail investors. After that those fund managers either run away or collect at much lower price.

Some foreign investors holding USD have sold out as USD is rising up crazily. With lack of few USD fund support, our local market has not enough money to support most counters. In addition, the key is financial report which is going to be released soon. We expect the financial report is very ugly with few hundred million USD loss.

USD has gone up madly--> crashing oil price..... Armada USD debt gone up straight--> drop in Armada share price....panic selling panic selling panic selling!!!

Trump rally begins... There are two schools of thoughts. One group said he will depress global economy--recession worldwide as he is against free trade with China- biggest consumption of oil. Interest will rise, with US dollar--oil price negative. The other school of thoughts said he is pro war--which may increase oil demand. However, oil storage is high, hard to change oil price and it takes time...

Trump win, US president Trump's win--> market will be negative. Lastly end of November useless OPEC deal, another negative.

In 2 weeks, market is pricing in another "hundred millions ringgit impairment". Panic selling is not over yet. Not so fast. Impairment and impairment due to idle asset of 1 large FPSO plus ??? Armada Kraken.... The key word is impairment...remember this key word.

Panic selling is coming

Something is not right with your statement above...now we all are poor already, oil price up will lead to more increase in price of everything and this will make us all poorer. Economy will not be better with such increase in oil price.

Another 50 days to go before it goes back to RM1.00, provided Enquest is not bankrupt by then...

By 16Oct still cannot deliver 4 FPSOs. This Armada Kraken is the biggest headache of all time. Down down down 65 cents coming. Oil price down, Iraq wants to increase oil production from 4million to 8million. Where is the hope?

Now rumours said :
1) Budget 2017-uncertainty, poor news no money
2) November US presidential election
3) US raise interest rate
4) US dollar going up nonstop
5) Whole lot crash market crash
6) Recession in 2017-2018
Malaysia Election anytime 2017-2018- we all know what may happen
Be careful friend
Recession means oil demand drop
US dollar up oil price drop
All point towards Crash further.
Due to massive printed money by the US Fed, where are the money going?
OPEC and Russia have no time to lose.
Take cash out, wait for better time...

EPF punter and Amanah punter pushed Armada up to 72cents, luring retail investors buying at 70cents to 72 cents continuously until overbought. Now Armada is crashing down below 70cents, leading to panic selling...no bottom in sight...65 cents next level. If broken, 60 cents next level. All depend on USD values versus Ringgit Malaysia.

Petrodollar is the name.

US dollar is advancing crazily...a rush to buy USD due to high expectation of US FED rate hike very soon. Higher USDollar, lower oil price. This is called Oil Dollar.

Down down down, 65 cents coming!!!

Yesterday many punters, especially EPF, has sold at 0.71 RM5million. Profit taking has been completed yesterday. Today dropping back to 0.695 and below.

The ringgit is falling despite the rising price of crude oil, evidence that the once strong link between the currency and the commodity has weakened as the market turns its attention towards monetary policy uncertainties. Armada follows ringgit now. In addition, today is Public Holiday for US. So all counters quiet no actions.

Many of you do not realise about the USDollar debt which is increasing if ringgit drops. Right now we are not talking about profit in USD. We are talking about Debt in USD. That is why Armada is dropping now.

Oil price has nothing to do with Armada as long as it is stuck below USD70 as this level no effect on earning but bad surprises in losses and contract terminations. Like I have said, once traders buying at 70-72cents until overbought. It will crash below 69.5 cents with panic selling.

Traders keep buying at 0.70-0.715 until overbought. After that big shark pushes it to below 0.70, PANIC SELLING!!! All force sell cut loss.... So buy below 0.70, don't buy now unless you don't mind force selling and antic selling dropping below 0.70.

Watching 0.70, once drops below 0.70 panic selling!!! 0.65 will be next.

Drop drop drop, 65 cents coming!!!

65 cents I am coming. Waiting 65 cents!!!

Going towards 65cents, no more hope...losing money continuously.

0.65 coming.... Down down down

Down down down, sell sell sell...Big funds have cashed out high at 77-82 cents. Buy back at 65-70 cents.

Large volume down, outside day down closing at lowest price. Bearish signs going down down down, run faster run sell sell and exit. Buy back at lower price.

Now punters are most bullish, time to sell and exit...

82 cents great resistance so profit taking time...some more T+3 profit taking time....

Sell when everyone is bullish... Sell sell and sell 77-80 cents

Sell again for good profit. 77 cents strong resistance

Tomorrow sell, go up also sell, tomorrow last chance to sell before dropping back again to 70 cents. Punters are just playing along 70 cents buy 77-80 cents sell.

No more power, tomorrow I continue to sell more

No more power

Time to sell and take profit

65 cents coming....

Sell Armada next week while it is going up, so that to prepare buying lower after that. But if you plan to buy at 75-78 cents and keep for 1 year, then you can buy at anytime from 75 cents to 80 cents. Money is yours...

Oil and gas share prices do not follow world share market going up--> this is too simplistic view. It is likely another punter coming out to ask retail investor to buy whereas he is selling at 75-78 cents to retail investors next week. Watch out for this group of investors.

As oil’s upward climb runs out of momentum, more and more analysts expect the market’s next move will be back down toward US$40 a barrel.

Brent crude prices almost doubled between January and June, signalling that markets were finally healing as falling US output, rising demand and disruptions from Nigeria to Canada all helped eliminate a global production surplus.

Now, as consumption falters and halted supplies return, analysts from BNP Paribas SA to JBC Energy GmbH warn prices may sink once more.

While there’s still a consensus that the worst of the oil glut that sent prices to a 12-year low is over, the International Energy Agency (IEA) cautioned this week that “the road ahead is far from smooth.”

Inventories are brimming after two years of surplus production and US demand for gasoline – the key driver of prices in summer – is proving to be disappointing. As unwanted barrels pile up, traders have been forced to hoard the most crude at sea on tankers since 2009, according to the Paris-based agency.

“For the time being, the path of least resistance for oil prices is lower,” Mike Wittner, head of oil market research at Societe Generale SA in New York, said by phone. “Even though we’ve made this shift from an oversupplied to a balanced market, our short-term caution comes from inventories still being high and crude coming back from disruptions.”

The supply disruptions that helped lift crude above US$50 in recent months are fading. Oil-sands producers in Canada have restored most of the output halted when wildfires menaced facilities in May and curbed more than 1 million barrels a day, or about 40% of supplies.

Opec member Nigeria revived some output in June after militant attacks cut production to a three-decade low, the IEA said. — Bloomberg

Armada will not go up up up by just the above reasons. Most importantly by now its financial report is already ready. Only insiders know. Up or not depends on this financial report. Oil and gas contracts are still as dry as La Niña....

Will drop back to 65 cents

Sell! No more power

Hari Raya time= profit taking time

Hari Raya time= profit taking time

No more power

No more power

Buy buy buy...

Time to buy, trading time...