Becouse the counter is beyond horizon.. You look at buying vol most of time always higher the selling vol.. The big issue is some clocking overthere.. How to remove clocking ..please
"man72 Next year la this counter.... 2014 range 0.04-0.055 only. 2015 range 0.05-0.080 2016 market crash back to 0.04 2017-2019 repeat the same range as 2014-2015 2020 flying high to 0.50cts
I am still holding. Overall still profit. Got nothing to worry about. Well we wait one more quarter. By then it will be CNY Rally. Oil price down only recently. The good factor cannot be reflected so fast in this counter.
Actually low oil prices is a good thing for shipping industry. Cheaper fuel cost means more profitable. Last time when the oil price shot up, the shipping industry was in trouble with high fuel cost. So it would be a good turnaround this time with oil going down the drain. No reason why it cannot move up the ladder. Have faith.
RI would just dampen the already broken faith of their investors... Many would just dump whatever shares they have. Outcome of a stocks after RI is unknown, not much will want to take the risk.
Yah....I am afraid no free lunch....playing shares is like taking risk...higher the risk higher the return....so up to you ....dare to hold or sell at a loss?
It really save a significant amount of cost when gas price drops. However the issue is the shipping fees from the competitors also drop a lot. It can be clearly seen from the tremendously drop of their revenue which is around 20 millions
Another issue is where are their ships pumping gas ? A huge portions of their ships are still moving around in Malaysia and nearby region. So far as i know, Malaysia's diesel price is not dropping but going up which is even another big impact for the cost of shipping
I think their best move will be combining 10 lots become 1 lot. Later the price will become 40 sens vs 45 sens each. Then it will be the best move to right issue, which is very good way of collecting fund again.
Actually i jump out from this counter long long before. around 2 years alr. And keep wishing one day i can jump back again. But i still couldn't find an opportunity to jump back. I found it too risky especially their management side.
One thing need to take precautions is that.. oil price drop, all of us know that it will not so fast go back to its original price again.Lets say it takes another 5 or 6 months to recover back.
Second theory is that oil price will not stay forever in such a low price..One day it has to come back..
Before economy crisis, ( i mean worldwide ). All of us know that oil price will be in peak.. lets say more than 120 usd perbarrel, this is normally a must. theory 3.
For me now the best thing is too keep your cash in hand, monitoring oil and gas stock.
As we know oil and gas will rebound one day. And this day is gurantee will come . U want or not, it will come and when u go petrol station, you have to pay more.
Why not aiming on these oil and gas stocks, and ride on their opportunities.
Sometimes when we get stuck in stocks, is really frustrated, is just like gigi sakit. No one wants to lose money, so keep waiting and waiting and waiting..
For me, watever stocks, if i found it stuck there long long time, i cut loss, go find other stocks, profit first, then come back and buy again..
For example, if you have one million. loss.. left 600k.
cut loss, 600k cash in hand, invest in opportunities, (depend on current market opportunities)
Lets say profit one round 1.2 mil. take profit
If really love the old stock, buy back same amount,600k, still got another 600k.
Your risk is lower by half now. And your opportunity cost is increase by another 100% . correct or not.. Of course if you calculate financial quantum, it will not be as simple as this, i just give an example.
One more ship to add in . Maybulk, also a good price and a good owner... Do you believe in Robert Kuo ? Or you prefer Richard wee more.. Is up to one's eyes.... Beauty is in the eye of beholder.. haha
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....
Meli wang
225 posts
Posted by Meli wang > 2014-11-28 12:40 | Report Abuse
To buy vol very high.. i feel price will jump next month