This is my humble advise...Don't cut loss or sell cheap, just hold if you can effort it maybe till next year (more better to accumulate now as the price cheaper)....good prospect waiting ahead next year. Government restriction on tourism give tremendous impact to Petronas this year but it won't be last forever. Tourism give huge revenue to Malaysia government and I believed next year they will abolish this policy (mco) as soon as possible whatsoever by then most probably covid vaccine already available. In other hand I also believed Brent will hit USD 50. I see lot of plus point for Velesto.
we didn't know. Expect the unexpected. Agreed with Macgyver. Don't cut loss. Take that opportunity when that things happen. I've been collecting since march everytime i got some extra cash queuing GTD 9 sen to 14 sen. Slow2 collect. Somehow there are peoples will panic sell or not patient enough to wait. I'm not a trader since dont have much time to watch stocks. Just invest. Been collecting several stocks in hand: FPGROUP, OPENSYS, KRONO, RGTECH, KNM, PERDANA, VELESTO, VIZIONE (Just sold recently after getting WD, keep WD).
Saudi Arabia did the crude oil price war again. Many quantities of futures are storage in ships nearby ports now. Question is would the early March to May chaos repeated?
What kind of doom to come, it is now no more quietly broiling, Petronas hit by loss for first time in decades, ExxonMobile Malaysia is offering or selling it's upstream assets, that years back already ceased the retail and distribution business, Repsol too looking forward to similarly selling it's asset as well. Will the middle tiers players servicing the industry listed here at bursa either individually or consortiumally bid for and will eventually taking over those upstream assets would be now consisered sort of entering the Sotheby's execution phase.
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....
sharewiz118
1,880 posts
Posted by sharewiz118 > 2020-09-02 23:49 | Report Abuse
Brent drop to USD 44 plus SHIT