“China’s demand for gasoline and diesel are expected to increase YoY from Q3 2020 onwards,” the consultancy said at the end of May, adding that eased lockdowns and preference for commuting in personal vehicles will push gasoline demand to a quick recovery and it is likely to return to last year’s levels by June 2020.
@gnath_77 gloves & PPE rally is almost over for now before coming back later... that is the reason banks have started controlling the margin player from falling into risk during this gloomy economical position for the country... focus on the next big rally... be patient 04/06/2020 9:44 AM
@gnath_77 @Mabel tell me about it... same situation... i just missed the boat to be in buy queue early for 0.170... i wanted to acquire more and hold another few weeks... i'm unable to use Rakuten & HLB as both trust funds were already fully invested... 04/06/2020 10:03 AM
I'm thinking of getting a back up right now.. Today it's the 2nd time happened.. On a very important day..
I could have collected more Gloves this morning as it was still going down. After 10 it's climbing non stop...
Likewise same with other O&G counters. Today KLCI rally and I missed a golden opportunities to trade...
as usual, oil speculation on the OPEC meeting bring the price stagnant at $39 for Brent & $37 for WTI... hold & wait in 2 ~ 3 weeks, you'll see how aggressive oil can climb... too many ikan bilis in gloves now doing goreng (those whom are really experienced can see it).. i will only goreng small fund there in gloves on and off for short term... my major funds are stocked at oils & consumer... i've got too many warnings from my banking counterparts for gloves... silent accumulation have started in oil & consumer stocks at current bargain price...
i've acquired another 40k lots today at 0.17... i've disposed more shares in NYSE yesterday night and bringing the fund to Velesto to accumulate & also another consumer counter i'm targeting on...
@serpent100 not everyone is far sighted... many unable to hold and move to glove because rising, but they aren't aware of the danger waiting... its in a real dangerous position... glove was good before when it was on reasonable price... now isn't anymore... oils are in super attractive prices since they're weak... accumulate more when it is weak.. don't be scared
Velesto now 0.175. Velesto a bit slow. I thought can reach 0.165 so i can add another 150 lots. But i know it won't reach back 0.155 unless oil drop below 30 USD.
if u r smart, u should know the support now at 17 cents and you will only catch some surprised sell at 16.5 cents. Still q 16 cents n below when oil already stabilised at 40 USD..???????
@anson938 actually it is... earlier PPE & glove goreng were made by institution & shark operations... now they've left & huge number of ikan bilis with small fund trading them right now since we have huge retail participation... that will collapse once they lose patience... huge fund owners & institutions still control the stock... MCO lifting will have some impact there as well... consumer & oil rally is awaiting goreng by big fund managers soon.. make sure accumulate while it is low, not when it is climbing aggressively... u should dispose when thing climb very aggresively at some point
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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....
Trapps
520 posts
Posted by Trapps > 2020-06-04 13:07 | Report Abuse
Rumours always killsss... glove counter spike again..