i believe to myself..hehe currently- i read the financial report that Alam still in a profit and automatically its fundamental also good. So i will continue follow Alam until Q4 result come out by next year (may be). For the news that crude oil price shoot up or press down..it just an external environment and give 'little impact' to Alam.. Alam involves in supply a boat for oil and gas company in their operation. Alam not the main producer of oil and gas. The main producer of oil and gas is PETRONAS,Esso, MOBIL, Shell ect. Some more Alam was sign an agreement with few company to supply their voat for chartered.(the awarding of tender by Petronas ect) The price is fix already during they sign agreement and they cannot change the price only due to increment of oil price.. by the way This is my personal view..
no i mean seeing the crude oil pricing so tht u can queue earlier to buy on dip. i will up my stake in alam but at the lowest possible price at the time of price pullback
at this point- i agree with Bro jack.. since the good news for oil and gas company was flow out ( the crude oil will up).. it will give an edge to all ONG company that listed at Bursa Malaysia- including Alam, SKPETRO,DAYANG,PERDANA and new coming- DAYA.. so use an opportunity to add your stake during pull back.. (by the way - this is not a call to buy,sell or hold.)
Nice close at RM1.57 level.. DJIA also closed in green colour on 22 Nov 13. If our market in a good mode,hope Alam will break RM1.59 resistant level this monday.
EPF keep many shares, no yet release....Overly, i will get it back ,if the prices maintain 1.54~1.58....for next week, pls share your info Jack & Overly
in the overall picture, i'm seeing another spike in oil prices in the near future so this will benefit all O&G counters. Collect o&g counters at cheap while u can :) here's something to share with u all about Iran's progress:
@popo, good goreng penny stock :) On TA, YLI is in overbought territory but i'm seeing it to extend further upside than current price before retrace. TP: 0.950 onwards
oh my, sumatec is a dear penny stock. expecting some exciting FA progress. On TA, it needs to hold up its support at 0.325/0.320 not to be breached down otherwise seeing a pullback :)
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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....
Jack Knight
1,024 posts
Posted by Jack Knight > 2013-11-22 15:08 | Report Abuse
who do u guys side? buffett or chanos?
http://www.etftrends.com/2013/11/buffet-buys-chanos-says-sell-the-technical-verdict-on-energy/