Buy when there is clear uptrend, you might not get at the cheapest, but still there ia sufficient margin when crude oil making a comeback. You dont want your hard earned money to stuck in donkey years not getting back anything.
RM0.37 is still not cheap. Within the next three month, expected drop to RM0.30 or below if no new contract is announce by PERISAI. Early next year, might issue of warrant/bond/rights issue to cater installment of P102, take k to those who decided long investment in this few months. Again, cut loss at a higher price before it is too late.
The key point are foreign are selling n run away, currency down, no confident with current Goverment which run like dictator. When a point is reach, panic sentiment will happen. By then the stock price now will consider expensive. More to observe. Will it be like during anwar time?
@blackul66 That's wise. I'm inclined to follow that plan too despite the temptation. 0.35 for Perisai!? Makes my fingers itchy, wanting to click the Buy button. Must force myself to refrain and just watch for now.
The O&G counters are still mostly on a downtrend. We don't know how long more it will be like this. I agree with the strategy to wait for a clear uptrend first instead of trying to guess the bottom. There will be less profit this way, but less risk of precious capital getting stuck.
winwinyarahi, happy to see you here too. Yes, I invested in Perisai, quite a lot, but i am taking on long term investment, as global crude oil will definitely reverse up in the coming future(estimate 1-2+ years). Short term pain, long term gain. What about you? Invested in Perisai too?
@nicnic, we change according to situation, what price to buy is a better buy? I would like to advise you Buy On *Global Oil*News for safe precaution(Reduce production, Reduce rigs, Inventories decrease -OPEC/IRAN/US). If not, gonna hold for quite some time. Small technical rebound will occur, but trending on Crude Oil still on downside for now.
Hangpa percaya lah analyst zaman internet..semua cut n paste..just tukar wikipedia..ubah ayat sikit..hahaha..ceduk sana sini sikit..hahaha..hangpa lagi terra jadi analysts..hahaha
Let me give you an honest analysis. The next five years the crude oil price will be traded around USD 30 until USD 80. If all of us to expect crude oil to be traded more than it, i think, we will burnt more. The meeting of OPEC will be around in Dec. Still far ahead. Maybe you may bet to accumulate Oil n Gas stocks. However, some are not over yet. Why must you accumulate now. While you still can wait. FPSO N SHALE OIL cost n profits will be around USD 35-USD 45. Arabs n Malaysia n Iran n Indon.cost.USD 10-15. These three profits USD 10. The speculator profit USD 10. Therefore simple math, crude will touch most likely USD 35-USD 40. Then..a bit rebound...UNLESS USA WILL START THEIR WAR WITH ISIS AT ARABS N AFRICA..thats also will just temporarily rally..
Apanama so u think when its best time to accumulate , do remember opec will suffer too especially saudi arabia with thier generous wellfare spending if they let oil price low for few years I believe
yeekarwai88, in this very moment, no use to cut lose(for those who have bought)..adding oil market collapse today, doesn't mean it will collapse forever. Plp buy at high price, mostly will think of hold and average, is normal.
Short term pain, long term gain. Hold for those who have bought at higher price, if got extra cash, wait for the correct timing to average it down. Patience = Winner.
i hope no one believe in average down in a downtrending stock or market. sell and buy back lower. if die2 want to average down, wait for a clear uptrend
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Oi...lao liu