Hi Speakup, I think one of the main reason why Hibiscus is higher price than Reach is because Hibiscus has proven many quarters to be making profit, one of key considerations for fireign fund to invest, as compared to Reach which made her maiden profit.last quarter. If fornext 2 quarters Reach is making increasing profit, you will never.see this price again.
If OPEC-Russia starts developing the spine to stand up to US bullying, then 100 would be no big deal.
Oil business is very high risk business. It is no kacang putih business, for sure. So, oil exporters should be free to, in alliance among themselves, set a price that suits them, instead of non-exporters.
That's right. The price of any global commodity is not for any one man or country to decide. The exporters as a grouping should have greater say than anybody else.
Well, if Donald Trump does not like the price of oil from OPEC-Russia, then he can go buy cheaper oil from somewhere else. Either that, or he can just go to hell.
It is not productive to be dwelling in sadness over a not so perfect decision. It happens to all of us, at one time or other. Just soldier on & take it in your stride.
In a case like that one, what you can do, sometimes, is look around at something else & make a switch at the most suitable time. For example, on a day when Reach is up & either Reach WA or Perdana is down, then you can switch to either Reach WA or Perdana.
When you have made some profit there, then you can switch back to Reach, again at the right time. Then, you might reduce your paper loss. Or, if you're lucky, you might even wipe it out completely.
what happen if you out from reach and it rocket up after you sell and the perdana you bought going down?
i would rather stick to future prospect for holding reach and keep cash aside. when opportunity comes, use the cash to buy perdana or others at lower price (i bought at 24 and sold at 27.5 in 2 wks trade).
by doing this, i will not miss the bus if reach shoot up again and at the same time make profit at short trade
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....
TheContrarian
9,497 posts
Posted by TheContrarian > 2018-11-16 15:08 | Report Abuse
Speakup, best you take a break from here and look for short-term opportunity elsewhere.