it's fine to dispose with profit taking. it's true that pumping it up not the timing yrt with below 40 dollars per barrels.....anticipating 3rd quarter of the year will pump to its heihht...one day up 3c is fast la with sharks around
Oil stock price alrdy factored in the oil price surge. Further rise is speculative. Aviation oil consumption is the most important factor to consider, and it is still very low. U buy, shark sell, just look at the trade details, u will notice the pattern.
Actually sharks want to eat more @18cents but many people want to sell lower.... All waiting @17cents now. Later they will eat all the way up to above 18cents
@william definitely shark.is reading this. it is part of strategy to promote and dispose to retailers...low interest rates had attracted more sharks and retailers to join the game
just one caution i want to remind every innocent traders/newbies investors/retailers here, BE CAREFUL :) Operators have manipulated all O&G counters today and disposing the shares now... climbed dangerously just purely because of oil price increase without company's earning fundamentals on the company. Most of the O&G service providers are at a huge loss this year no matter what is the oil price today. Money is yours, please make your own calculated risk & decision
most of retailers/ikan bilis/newbies dumped healthcare/gloves yesterday & chased Energy and stuck at high margin now... all the Operators disposed them and somehow will move back to Glove & healthcare, they know the fundamentals on where is the gamble and where to move the safe bets after ripping profit on counters they fake manipulated... we also should expect some dividend & bonus from healthcare/gloves this year...Operators and Sharks are very smart & well organised than you may think :)
retailers think 3 sen is huge coz think sharks buy huge volume thats not how it works Sharks make more money once its above 20 sen
Occam's Razor => The simplest reason is usually the correct one
=> IB server problem and people just panicked
Wild Speculation => I just hope that IB did not do a risk management shutdown coz many people withdrew money from IB after the Glove Game finished yesterday.
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....
williamtkb
3,216 posts
Posted by williamtkb > 2020-05-19 09:28 | Report Abuse
because big sharks want to collect lower price before pushing to above 20cents