big sharks at play as usual to profit big time once its right time to push it up.................. big block @ 3.8 to suppress the price to go lower.............. time to accumulate at least.... need to find some $$$$$ from other stocks that need to be disposed.
deeply oversold. hopefully next week onwards, price starts picking up in a northerly direction. lets hope for the best. have a long weekend to recover from the last few months of bleeding.
3.50 was the share price as agreed by all good fund mgr. however, someone decided to pump it up to distribute with hype up news and hoohaa. now back to normal. this is the fv of umwog
UMW Oil & Gas may experience further weakness after fallingbelow the MYR3.81 level. Traders may exit their positions if the stock stays below this level in the near term. Further support is anticipated at MYR3.36, followed by MYR3.12. It may need to rebound to above MYR3.99 to eliminate the bearish bias . - RHB
If the price drop below RM 3.50, more investment funds will ride on it. On Tuesday, they will see how this stock going. Why it drops these few days- might attract big investors due to shortage in funds (warrants expired). Its price should be in parallel with SK Petro. Oil prices drop due to coming winter season might not be a problem for this stock. Advice: Having good faith- average down stock buying price is the way.
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Posted by Joel > 2014-09-20 21:03 | Report Abuse
http://www.chinapress.com.my/node/562050
Buy Below RM4.00 if able to do that !
Normal price should ran between RM4.20-RM4.30,
NOT below RM4.00 !!!