SimonShuet Hak Chai, At the moment the indicators are not real. High butyrate at low volume. Can be manufactured! the floor looks like 86cents. Hold first because sell queue volume is very very low. This means if there is a run up, it can easily go up 92.5 but without support. If you are not worried about few cents, it can be a bet. If you are, wait for more sell queue volume to determine. Without the sell queue volume, the run up in price will be fast and the drop will also be equally fast giving the impression of fluctuation (unstable, concern etc) and no take meaning take up and may drop further after. 25/02/2016 11:16
SimonShuet The other reason is losers are outpacing gainers. so wait for better timing first 25/02/2016 11:18
Hakchai, I was away and also becoz loser gained pace I didn't bother to follow. Anyway come Monday observer the gainer vs loser vs untraded to give you direction. You can ref to my blog for indicators
Director wants to deal during close period, guess the result should be good. Tomorrow morning i go and fish and see can get some more pocket money or not.
During close period, within one month before quarterly result announced, director is not allow to trade in open market, prior to public dissemination of the financial result. If they have intention to dealing during close period, normally result would be good if they buy the company share, or otherwise reversed.
I sold because I prefer more comfortable way to hold a stock. Export stock still a good bargain to buy and hold.TPPA and INTEREST HIKE is around the corner. Thanks .
qtr result from nov15-jan16 definitely is good for poh huat, what is usd to rm <4.10 in this month after the qtr results announced, people will ignore the good quarter results as the bad news oledi hide the good news, so I say this is the risk we have to take unless you say this company stillcan grow even usd drops to 3.80, this is still possible but will be a challenge
this is only short term worry as I see oil price will be around USD 40 as the shale oil cost is now USD40, with this I see ringgit will still stay > 3.80 for the next few yrs, which is still good compared with >1 yr ago, so if want to gain in export stocks, extend your buying period in different coming intervals to weigh down the risk as I see with 3.80, export companies will still make big profit.
Seriously besides export companies, it is hard to find any other company with growing business. finance , oil & gas are still much struggling and at this moment no light...unless hold on to the core consumer and utilities companies
Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price.
Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the weakness of the world economy could push prices well into the $20s.
Saudi Arabia's Minister of Petroleum & Mineral Resources Ali Al-Naimi speaks at the annual IHS CERAWeek global energy conference Tuesday, Feb. 23, 2016, in Houston. (AP Photo/Pat Sullivan) Saudi Arabia’s Minister of Petroleum & Mineral Resources Ali Al-Naimi speaks at the annual IHS CERAWeek global energy conference Tuesday, Feb. 23, 2016, in Houston. (AP Photo/Pat Sullivan)
A Production Freeze Will Not Reduce The Supply Surplus
An OPEC-plus-Russia production cut would be a great step toward re-establishing oil-market balance. I believe that will happen later in 2016 but is not on the table today.
In late February, Saudi oil minister Ali Al-Naimi stated categorically, “There is no sense in wasting our time in seeking production cuts. That will not happen.”
Instead, Russia and Saudi Arabia have apparently agreed to a production freeze. This is meaningless theater but it helped lift oil prices 37% from just more than $26 in mid-February to almost $36 per barrel last week. That is a lot of added revenue for Saudi Arabia and Russia but it will do nothing to balance the over-supplied world oil market.
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The problem is that neither Saudi Arabia nor Russia has greatly increased production since the oil-price collapse began in 2014 (Figure 1). A freeze by those countries, therefore, will only ensure that the supply surplus will not get worse because of them. It is, moreover, doubtful that Saudi Arabia or Russia have the spare capacity to increase production much beyond present levels making the proposal of a freeze cynical rather than helpful.
Chart-US-RUSSIA-SAUDI Incremental Prod MAR 2016 Figure 1. Incremental liquids production since January 2014 by the United States plus Canada, Iraq, Saudi Arabia and Russia. Source: EIA & Labyrinth Consulting Services, Inc. (click image to enlarge)
Saudi Arabia and Russia are two of the world’s largest oil-producing countries. Yet in January 2016, Saudi liquids output was only ~110,000 bpd more than in January 2014 and Russia was actually producing ~50,000 bpd less than in January 2014. The present world production surplus is more than 2 mmbpd.
By contrast, the U.S. plus Canada are producing ~1.9 mmbpd more than in January 2014 and Iraq’s crude oil production has increased ~1.7 mmbpd. Also, Iran has potential to increase its production by as much as ~1 mmbpd during 2016. Yet, none of these countries have agreed to the production freeze. Iran, in fact, called the idea “ridiculous.”
Growing Storage Means Lower Oil Prices
U.S. crude oil stocks increased by a remarkable 10.4 mmb in the week ending February 26, the largest addition since early April 2015. That brought inventories to an astonishing 162 mmb more than the 2010-2014 average and 74 mmb above the bloated levels of 2015 (Figure 2).
Crude Oil Stocks_5-Year AVG MIN MAX 6 FEB 2016 Figure 2. U.S. crude oil stocks. Source: EIA and Labyrinth Consulting Services, Inc. (click image to enlarge)
The correlation between U.S. crude oil stocks and world oil prices is strong. Tank farms at Cushing, Oklahoma (PADD 2) and storage facilities in the Gulf Coast region (PADD 3) account for almost 70% of total U.S. storage and are critical in WTI price formation. When storage exceeds about 80% of capacity, oil prices generally fall hard. Current Cushing storage is at 91% of capacity, the Gulf Coast is at 87% and combined, they are at a whopping 88% of capacity (Figure 3).
Cushing & Gulf Coast Inventory & Utilization 6 Feb 2016 Figure 3. Cushing and Gulf Coast crude oil storage. Source: EIA and Labyrinth Consulting Services, Inc. (click image to enlarge)
Prices have fallen hard in step with growing storage throughout 2015 and early 2016. Since talk of a production freeze first surfaced, however, intoxicated investors have ignored storage builds and traders are testing new thresholds before they fall again.
The truth is that prices will not increase sustainably until storage volumes fall, and that cannot happen until U.S. production
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Posted by i33investor > 2016-02-26 07:40 | Report Abuse
retrace,relax la