Price of Reach would most likely stay range bound between .50 to .59 until oil price can show stability at around Usd80 to usd85 and Reach can show production inching to 4000 bpd...stay vigilant..
US is only testing the effectiveness of their political pressure. But Saudi-OPEC is now allied with Russia in O&G. If they both don't want to kowtow to US regarding oil production & oil price, there is not that much that US can do.
Donald Trump is not that powerful. Not to the point that he can control & dictate everything on this planet. He can even be impeached before his term ends.
Everybody so +ve on oil price rally which i also agree, but im always keeping half of my fund to be used during bad market.
If anything struck the market, the one whom all in will stuck like what happen in 1H18 and those with cash can bottom fish with huge profit ever later.
Now alrdy big angpau.... june to sept profit should be good . If sept till dec brent remains 80 .. huge profit will surge. But have to wait till february for QR.
I don't care about all that jargon. If something can move forward, that is all that matters to me. Perception is the name of the game, not fundamentals.
The important thing is to get in early when something looks promising, and the conditions & environment are also looking right. And that is what I have done.
While so called 'fundamentals' are also very subjective, depending a lot on the person doing the evaluation, his assumptions etc. The Reach Overview page, for example, says that Reach's TP is 32. But Reach is now 50. That does NOT mean that Reach is so called 'fundamentally overpriced'. It just means that the person making the TP has not updated his TP to take into account Reach's recent turnaround & latest developments in oil.
You can wait for another 'fundamentally right-priced' stock, GoodBoy. But it looks to me like you have already missed the Reach boat. And you're now crying sour grapes.
come on, stock market have many opportunities.. it doesnt mean you missed the bus now you cannot make money bigger than the earlier bird
those hold 10k shares at 24c may now hold 100% profit.. if convert to money would be rm2.4k. it sounds great rite? but those come later if he bought at 34c with 50k shares will earn rm7k.
at the end its only abt how much money you made that counts.
of course bigger capital comes with bigger risk but this example is to show late comer would not always late at all if he knows how to put their capital at the right stock
another scenario, the person whom hold 10k shares at 24c may hold another 2 stocks at a time and out of that 3 only 1 is perform, the other 2 is losing... success rate is 1/3... but the late comer whom hold 10k shares at this counter only, have 1/1 success rate, which is better off than the first.
REACH earnings will surely be much better than the previous because of two reasons, 1. Brent is above 80 pb and 2. Oil production will increase due to TPP recent approval by the authority.
Trump is helping us..lol..he sure wanna make oil price fly new high..because America also become Biggest O&G production country..higher oil price will beneficial to america..
Brent price rebounded, now at 85.01 pb, still moving upwards this morning . Buy , hold and keep your Reach shares. You sell , you might not get this cheap anymore .
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....
Alibaba
273 posts
Posted by Alibaba > 2018-10-04 15:59 | Report Abuse
Brent Oil still moving up. $86.37 now