Velesto juz release good QR n in my opinion current price (0.15-0.16) is acttractive enough provided brent sustain above 33 usd.
Plus , not much force selling. I believe EPF has done clear their position. Which means less resistance to go up. Previously EPF keep dumping which make the price hard to move up.
With the economy is gradually recovery, demand slowly increasing. Brent price should go up eventually! Brent should be above 33usd
as i said a few days back, velesto will not touch 200mil Vol. again bcoz lack of liquidity( moped up) The current pattern is the same as previous slowly climb from 0.25---0.32. Sell Vol decrease to 10mil then 7-8mil (per level)---Give or take 1 month, Vol will arrive 7-8mil Sell And revert back positive climb to 30cents
Today +10 cases only for covid19, very soon CMCO will end, glove counters will swing to here. be patient, collect as much as you can. buy when is low, don't chase high
@questnetter stop dreaming la ... even i'm holding velesto but I never think that glove swing will come here ... to be frankly speak .. brent oil below 50 is loss making for those OIL AND GAS producer. we study back those historical decease that mostly it appear and last for a year ... so I understand my situation ... I invested this company just for future and not that soon to shoot up
these people who buy share dont know how oil companies work. hoo haaa here like monkey. Russian wanted $50. Saudi wanted $60. so.. it is no brainer.. wait and wait and wait then the ship sail.. :)
So, velesto really need to buck up and increase revenue.. or else they will miss the boat. :) there is always an opportunity during crisis. if not, how tony bought his first planes with cheap price. :)
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....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2020-05-28 08:38 | Report Abuse
Trump supporting the market, market no crash velesto will break 0.200 in one day!! collect when drop and wait!