Even US to9 rising but dont forget Oil is making low today . It anytime can break below USD60.00 .Is no issue if those plan to panic sell tomorrow morning then go ahead. If you believe KLCI can move higher,ringgit can strengthen,Oil can rebound,europe and china market can go well ..No problem ..
You has a right to make your own decision without get influenced by anyone.Remember any decision you make is your own responsibility an do no blame anyone tha caused you do any decision either sell or hold after that . .
just remember why they keep cause panic and mind manupulated u guys...they want cheaper price in, just ignore. market now is lack of power especially malaysia is no more support from foreign fund.
US dow jones up mean stronger US dollar...bad to Malaysia RM, oil price not rebounce..bad to Malaysia income..2 knife going to kill Malaysia...so what do u think on Bursa market...bull or bear?
Is US dow jones down is good to Malaysia? Hard to tell..if big drop mean market not good...whole world follow panic selling... so need take time to see good or bad to Malaysia
gohlai... are you're blind? Anyhow, reiterate what you've said, it's freedom of speech. At least way better than ur shouting, screaming, and talking to yourself most of the time.
Dow jones up 220 plus but last minutes only up 54, wti oil price drop to 59 plus....today another good day for put warrant..unless local fund go and support the index again
oil drop below 60 now 59.14...hahahah how about it gohlai? hahahaah sure drop like shit today....all market n nation say will support at 60 now all wrg. Today drop for u...just ignore this stupid gohlai ba we all hahahahah huat r..
Today those want to sell and take profit go ahead.... But pls after take profit then keep quiet and don't make noise and spread a fake news to create panic sell with motive. This type of behavior should be avoid ...
what i come across some expertise they debate something about this crude oil vs shale oil....just share it up not sure is right or wrg...they mention crude oil wanan fight with shale they need drop price till 52 per barrel. why? they say shale oil cost of production is 53 cost per barrel. if crude wanan win the race they need 52 per barrel and crude oil in saudi cost of production is 3 per barrel. so will it drop to 52? who know but i think sound logic. any comment right or not?
yeah serve them back the sin ka lan those spread omen and wanna grab on cheap...hahahah any way, Simon and ImCk, let us all enjoy rocket show today and huat together ya hahahahah
Ya...let them grab high price stock if they want curi2 masuk...haha.actually Did you all noticed yesterday last 30 min movement.? SHark sapu habits 20k lots at HG with price 20 cent then keep accumulating.. They know oil will break below usd60 yesterday so they sapu for today show.. Klci last min fall and spike o negative 20 points show that local fund is exchauted and gave up.. Today no more rebound if not mistaken .
Crude from KSA is roughly USD10-25 (estimated)/barrel while shale is much higher. However, crude oil production cost in the US, Canada can be much higher...States like North Dakota could potentially still sustainable with crude prices falling in the range of USD35-45.
BUT...what's the hype of oil? You see...Malaysia is SEA third largest economy, and the only net oil exporter. However, MY is not a huge oil exporter in comparison with some OPEC countries. Now, what's the problem...
It's the targeted budget deficit. Budget 2015 was based on an oil price of USD 105 assuming tax and dividends from Petronas. Now with the falling crude prices, we would have to straighten up our wallets and spend less or perhaps even scrapping some announced projects.
THE PROBLEM IS THE GOVERNMENT BOND. MY is one of the emerging countries with the highest FOREIGNER BOND holders, standing at approximately 45% +/-3%. Indonesia is only at about 36%?? While Thailand at 20%??
What happens now is that when the budget deficit target is way off course because of crude (which is no where near steady levels now as I foresee further downtrend possibility), foreigners will continue to sell our local currency denominated bonds. When they sell the bonds, they will dump ringgit to buy back USD. Cheap money in the US is ending and we could for once see the end of dollar carry trade next year...which is highly possible considering the interest rate in the US might rise next year if the US economy picks up steam.The selling of MYR and the buying of USD is the result of bonds selling...which I foresee is still on-going. The downtrend at Bursa is definitely a spillover effect, considering that what you gain can easily vaporize with the depreciating ringgit....
Back to MY, I foresee that oil is still in the downtrend mode with no signs of bottoming out. Potentially, my view is that it could easily hit USD50 or below by year end. This is in view that China's economy is somewhat showing flu like symptoms while Japan is in deeper recession that forecast. Russia is dying and so is Europe. With Russia dying even more with the fall in the Russian Ruble, Europe will be even worse as exports to Russia will stagnate. Russia and Europe will meet the end of the road soon as evidently observed in Greece, starting to crack again....unless ECB strikes up a deal to offer cheap loans to banks or perhaps buy gov bonds.
Summarizing in brief, my view is that more selling anticipated with MY gov. bonds and the ringgit could significantly weaken further if continued selling persists. I would suggest a wait and see attitude for now...
As for warrants, put warrants is definitely a good hedge against falling indices especially the ones which will be expiring soon...
P.S. The views posted above are strictly personal and MUST NOT be treated as an inducement to BUY/SELL or whatsoever trading decisions.
Oil sure go down 50 end of the month,...the data i got is Saudi Oil price cost is 22 USD, shale oil cost in US is 27 to 45 USD. If using better technology, Shale oil price can drop to average 35 USD. Now the fight just started....
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....
simon84
7,147 posts
Posted by simon84 > 2014-12-11 23:52 | Report Abuse
Even US to9 rising but dont forget Oil is making low today . It anytime can break below USD60.00 .Is no issue if those plan to panic sell tomorrow morning then go ahead. If you believe KLCI can move higher,ringgit can strengthen,Oil can rebound,europe and china market can go well ..No problem ..
You has a right to make your own decision without get influenced by anyone.Remember any decision you make is your own responsibility an do no blame anyone tha caused you do any decision either sell or hold after that . .