Posted by perfect60 > 2012-03-13 12:12 | Report Abuse

ok coach I place an order for 0.72 if get it shoot up later today we cheer loudly

Posted by perfect60 > 2012-03-13 12:43 | Report Abuse

Coach4u now we in the same boat, let's sail together northward this afternoon session to whatever limit it wants to go,

Posted by spinninglotus > 2012-03-13 13:11 | Report Abuse

Market has not broken 0.73resistance level yet.Volume today suddenly reduced.Two more days whoever buy must put in cash.So if no willing buyers,profit taking will come...

Posted by spinninglotus > 2012-03-13 13:24 | Report Abuse

Yesterday NIcorp briefly touched 0.73 and retreated.Today also briefly touched 0.73 and retreated.Volume suddenly reduced.Good luck Brothers!

Posted by perfect60 > 2012-03-13 13:28 | Report Abuse

r u sure lotus, ? that is a very scary statement. Hope it is just assumption, if u r very sure please confirm that.anyway price has not shoot up sharply , can they designate a counter ?

Posted by spinninglotus > 2012-03-13 13:31 | Report Abuse

NI is in extreme overbought condition.It took 1month to consolidate from 0.40-0.55.This time at 0.73,will it be fast break out or???It depends what the majority are thinking at this price level.

Posted by perfect60 > 2012-03-13 13:33 | Report Abuse

thought they have announcement today?

Posted by spinninglotus > 2012-03-13 13:47 | Report Abuse

Ok,let us watch action at 4pm onwards today.

Posted by perfect60 > 2012-03-13 14:07 | Report Abuse

what's yout opinion regarding the announcement?

Posted by spinninglotus > 2012-03-13 14:14 | Report Abuse

If you ask me,I think 50/50.3days ago they just denied.But market is very sure.At 0.73 resistance,market wait and watch.Either shoot up or come down.Risk is high.If I want to bet,place little money first in case.If the project is good,still got lots of time to enter later.

Posted by killercycle > 2012-03-13 14:34 | Report Abuse

lets enjoy the show....

Posted by perfect60 > 2012-03-13 14:41 | Report Abuse

lets enjoy the profit will be much better

Posted by philwood > 2012-03-13 14:44 | Report Abuse

Rumour already in the chinese newspaper

Posted by perfect60 > 2012-03-13 14:53 | Report Abuse

hope for the best for the already buyers

Posted by coach4u > 2012-03-13 15:58 | Report Abuse

Speculative?, of course this stock is.... supported by rumor
sellers volume very high, bounce backa little,
may b force selling for those who do not pick up,
those bought high will want to average,
day trader cut lost usually 10% down,
then opportunist always wait after 4pm
unless margin call then all mati:-(

Posted by spinninglotus > 2012-03-13 16:48 | Report Abuse

technical deteriorated!

Posted by spinninglotus > 2012-03-13 18:29 | Report Abuse

The Chinese Newspaper news is not from 'good' Chinese Newspaper.As we know,many other non mainstream Chinese Newspaper always reports wrong news.They are either paid to do so,or they themselves bought NIcorp shares but need to cash out,so they may use Chinese bad media to influence Chinese Public--the main retail investors pool. Truth will be revealed soon.

Posted by spinninglotus > 2012-03-13 18:31 | Report Abuse

Without outstanding projects to earn Naim Indah rm100million in 6months,it will be hard to break the highest resistance at 73cents...There are still a lot of other work Dato Chan must do to revamp Naim Indah to bring profit to the company.

Posted by spinninglotus > 2012-03-13 18:35 | Report Abuse

Dato Chan must work 48hours a day to bring profit to Naim Indah! Dato Chan has no experience in oil and gas business.So Dato must study all oil and gas business everyday to learn all in 1month so that Naim Indah can venture into oil and gas business early to bring profit rm100million in 1month so that Naim Indah can surge beyond rm1.00!

Posted by spinninglotus > 2012-03-13 18:44 | Report Abuse

The other Dato who joined Sumatec has oil and gas experienced work for few years,but Dato Chan in Naim Indah must gain oil and gas experience in less than 6months so that Naim Indah can venture into lucrative oil and gas business as soon as possible in less than 1-2months to earn rm100million for Naim Indah!Dato Chan,you must work hard for all of us!

Posted by perfect60 > 2012-03-13 19:03 | Report Abuse

Mr. Lotus at wat price you bought your stocks in Nicorp? News about letter of invitation already received by NICORP from Aspire Rich sdn bhd, So they will continue with further negotiation.Hope for the best tomorrow,I bought again this mornig at 72 sen hope this 1,2 days it goes at least above the 73 sen mark.

Posted by spinninglotus > 2012-03-13 21:43 | Report Abuse

Hi,I just read the news on 12March 2012,mentioning about Naim Indah would sign an agreement on 13March 2012,10am at XiLaiDeng Hotel about buying 40% shares of Shell's West Malaysia business in oil and gas.Im waiting for the news to come out,but so far none.

Posted by spinninglotus > 2012-03-13 21:45 | Report Abuse

From what I know about Shell,its business in Malaysia is always a business that is loss making due to low margin and high cost.I have been following Shell Malaysia's news for 2years.

Posted by spinninglotus > 2012-03-13 21:50 | Report Abuse

Based on today's price action,I think I can enter at lower price level.1) the news are already priced into 73cents 2) no official announcement yet so it may disappoint investors 3) Investors could play the
buy on rumours,sell on news game because this negotiation would take sometime for months to come,including agreement,fund raising exercise or loan application 4)More delay and difficulties during the process.

Posted by spinninglotus > 2012-03-13 21:53 | Report Abuse

However,for those who bought,let us hope for the best!I will wait to see better entry point.I do not think they have enough cash to take those shares directly.And they need to invest further cash to operate the new business,so profit would come late.Just my own opinion.Correct me if I am wrong.

Posted by spinninglotus > 2012-03-13 23:29 | Report Abuse

Aspire Rich SDN BHD is a special purpose vehicle set up by Naim Indah for the above purpose.Another company set up in short period of time during reverse takeover of Sagajuta by Naim Indah.Quite amazing isn't it?Where are the funds for the above acquisition?Investors demand details.Reverse takeover is easy,but not easy for Oil and Gas business...I think.

Posted by perfect60 > 2012-03-13 23:33 | Report Abuse

why always pessimistic abt this counter and their shareholders, anything personal which we r not aware?

Posted by Stephen Lee > 2012-03-13 23:43 | Report Abuse

:spinninglotus> I think you are not professional enough to say that. "Dato Chan has no experience in oil and gas business" Do you think the Chairman of McDonald knows how to make BURGERS????. How about Tan Sri Vincent Tan??? Do you think he also know how to make MacDonald burgers.....hehehehe...as a CEO he can HIRE good Oil and Gas expriates. Do you agree with me? Alot of public listed in the Bursa are hungry for O & Gas contracts. Dato Chan can controll and make a good deal out of it. Do not worry as we can SWIM and THINK over this. Cherios, Trade Well.

Posted by perfect60 > 2012-03-13 23:46 | Report Abuse

BRAVO Stephen for being realistic - qualities that r hard to find in this country nowadays,

Posted by spinninglotus > 2012-03-13 23:48 | Report Abuse

Alright.Nothing personal.You guys can enjoy the party.But I will monitor the right time to reenter.

Posted by Stephen Lee > 2012-03-13 23:52 | Report Abuse

It is good that Dato Chan make significant into the Oil & Gas field and not to worry too much as his partner's brother-in-law have a team of expertiates in Kazadustan which is beams into the country's prosperty thru Oil and Gas. Trade Well and Sleep Well and do not guess too much.

Posted by spinninglotus > 2012-03-13 23:52 | Report Abuse

If things turn out to be rossy,you can ignore my opinions.However if things turn out otherwise,may be you could ponder over what I have said. I have seen many such tricks in sharemarket for many years.And in the long run,the facts that I said shall be the guidance for long term price appreciation.

Posted by spinninglotus > 2012-03-13 23:56 | Report Abuse

I have seen some of my friends burnt in sharemarket due to such tricks. As long as you know you are speculating for short term,you should know when to exit when speculation ends.From what I see,speculation still can continue for sometime.So enjoy the ride!

Posted by perfect60 > 2012-03-14 00:00 | Report Abuse

BRAVO to u too LOTUS , keep on spinning man! 2moro all make money, thanks for advise and reminder,

Posted by Stephen Lee > 2012-03-14 00:07 | Report Abuse

You are being naive as no one ask you to buy shares of the particular counter and get burned. BECAUSE OF YOUR GREED FOR QUICK EASY MONEY, you burn yourself. Bottom line, you touch, you burn, your paid. This is part of the KLSE game. There are lots of blue chips in the Bursa but why buy this counter when you have no confidence in it. I have been moping up some shares in afternoon because of FORCE SELLING. See the point?. Happy Trading and be patience at this point of time.

Posted by spinninglotus > 2012-03-14 00:11 | Report Abuse

Sime Darby has ventured into oil and gas before but lost lots of money until they sold all to MHB-experienced in oil and gas.Petra Perdana ventured into oil and gas but lost lots of money too.Many small oil and gas players lost money in 2011.Hmm...

Posted by chieng8182 > 2012-03-14 00:12 | Report Abuse

as long as we earn money, we r happy, yeah...

Posted by spinninglotus > 2012-03-14 00:19 | Report Abuse

Like I said,Shell's sale of its LPG units to NIcorp via special purpose vehicle Asprie40%,NGC 60%,is a loss making division.So still lots of work to make the business profitable.

Posted by spinninglotus > 2012-03-14 00:20 | Report Abuse

Negotiation of terms and conditions will take time

Posted by spinninglotus > 2012-03-14 00:23 | Report Abuse

Nicorp manner of participation is not mentioned in the letter of invitation.Nicorp still needs advice and carry out viability study on the proposed acquisition.

Posted by spinninglotus > 2012-03-14 00:24 | Report Abuse

Nicorp has clarified that there is no signing ceremony in Sheraton Hotel with Aspire on 13March 2012.

Posted by spinninglotus > 2012-03-14 00:28 | Report Abuse

If Shell-very hugh oil company in the world,is unable to make LPG division in Malaysia profitable,can Naim Indah Corporation do it?I let you guys make the decision.

Posted by spinninglotus > 2012-03-14 00:35 | Report Abuse

If today is the beginning of force selling,I expect more force selling to come tomorrow...so cheaper price is coming,hehe...

Posted by spinninglotus > 2012-03-14 00:38 | Report Abuse

And the trading is still based on technical trading,the technical has not confirm bullishness to break 0.73 resistance at all...

Posted by spinninglotus > 2012-03-14 00:48 | Report Abuse

So buy on rumours,sell on news!Haha...wish everybody makes money!

Posted by spinninglotus > 2012-03-14 01:00 | Report Abuse

Alright,Im interested to know what do you know about the person behind the scene?

Posted by spinninglotus > 2012-03-14 01:04 | Report Abuse

What do you mean if Im not happy keep it to myself?Naim Indah is definitely very interesting...let us watch together tomorrow and wish everybody will be happy.

Posted by spinninglotus > 2012-03-14 01:13 | Report Abuse

You mean you have personal friend working within Naim Indah or Shell?Wow!That is interesting...How would what you know conribute to Naim Indah's share price actions?I will watch next few days to see anything you know that I don't know about Naim Indah...Anyway thanks!

Posted by spinninglotus > 2012-03-14 01:22 | Report Abuse

Brother Rodzam,why did you suddenly deleted all your comments?Anything that you are afraid to tell us?

Posted by 12dec1960 > 2012-03-14 01:39 | Report Abuse

inside man , privilage info , big holding in so n so counter n bla..bla..bla.. remember the law of gravity.... what goes up will eventually come down.. dont get ur hands burn... theres a whole lot of listed counter yet to recover from doldrum just make a simple pick.. just like fishing at bottom..