When low never recommend. Now coming down BUY? Siao! I accumulated VS when it was below 1.50 in 2013. Why didn't recommend then? Favco when it was 90c in 2010. Why no BUY then?
Hey Ayoyo, Saudi's cost of producing oil is around $10-$12 per barrel. According to Wood-Mackenzie, Saudi's reserve will dry up in 4 years if they continue to produce at existing levels. Although people can say that saudi can continue to ramp up supply because their production cost of oil is so low, it is not really true in reality. Saudi's fiscal breakeven level for oil is around $80 per barrel. They are still rich, but it's drying up exponentially.
I think it is perfectly fine to sell based on personal opinion....to make it meaningful should sell and go away. most people sell and buy back and over trade.
All Uncle KYY stock pick is uptrend stock and good last 3 week before the world & Malaysia market sentiment now getting worse. Its depend to your trading plan & own analysis. Based on FA this stock is very good. But based on TA and economic scenario now, the price getting worse. Different investor /trader have different approach to apply.That can be, first apply the averaging cost if your confident base on your study. 2. Cut loss to protect your capital/gain and come back if price reversal. 3. Buy & collect the undervalue stock because as per KYY mention this blog is buying opportunity when people a fear.
I am surprised for someone like KYY who had experienced many recessions. In a meltdown, everybody will discard shares like its Ebola. Everything will like dominos
Lukesharewalker ,My comment dint say all KYY writing/comment is true. Its depend to own decision to follow or not. Trade is your own risk. This forum only for brainstorming or share idea not follow blind. I already give option or opinion.
frankly, it isn't who is right or wrong here. uncle koon is top 30 shareholder, take time to accumulate his shares and hell take time to dispose. He can't get out in a day or in a week. So, whether the stock price going to correct another 30% is nothing to him.
but for us, ikan bilis investor/trader, we are more flexible. we can sell 1000 lots in a day and buy back 1000 lots in a day too.
But, no good to keep telling retailers that this is the best time to buy loh.
Tell ppls to buy and you also need to tell ppls to sell. thts the least you should do as a blogger.
There will be a strong rebound.... the market is oversold... due to market sentiments... herd mentality.. should not affect stocks with fundamentals...
I truly agree with what shartank have said, it is crazy to dispose off at good price IF you have more than 10 stocks in hand & each of them invested more than 500k.
It will take few days never stop sell sell sell while hoping the disposal will not trigger panic sale by other investors..... that's huge disadvantages for big players.
Ha, for us, these are just few minutes things.... :)
================================================================= by sharktank > Jan 21, 2016 09:39 PM | Report Abuse
uncle koon is top 30 shareholder, take time to accumulate his shares and hell take time to dispose.
Agree with calvintaneng...invest with MOF (Margin of Safety)if planning not running Protect the WEALTH first. The discipline & planning + emotion control very important for this time. Its depend the risk assessment your take. Now people have mix emotion. Some of them will hope this stock will rise again/fear the stock crash or greed to collect cheaper.You must follow your Trading plan & Discipline + emotion control
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....
orlandooil
4,909 posts
Posted by orlandooil > 2016-01-21 20:28 | Report Abuse
Oil dropping because people is taking it as the proxy for bad economy... economy bad demand for oil drop so oil prices drop