bro. dont believe what they tell u, once breakdown below 100. thats game over. its on downtrend. albeit intermittent rebound. u wait n see la. the dynamic of international oil trader, on downtrend they make crazy amount of money shorting oil price down, with oil price drop more everybody make more and they have bigger margin to short it down further n further. it wont stop until it reach usd80.
with that outlook u tell me how our oil and gas theme can continue??
Posted by Surelaughdie > Aug 30, 2014 03:20 AM | Report Abuse
next year oil price drop to usd 60. again, sumatec has an excuse of another huge profit warning. may drop below 30c. your wb. probably 10c.
wakakakakakak.
check the oil price dude, its only double top, super peaked and going down to usd 60 next year. like all commodities. go see rubber price, palm oil price, soybean coffee watever. oh, check out the gold price see how it melt from usd 1900 double top and drop to 1200 within a month. it took gold 5 yrs to move from 1000 to 1900 and 2 week to melt t0 1200.
oil price wont b the same. who is so foolish to assume oil price forever stay above usd 100?
Surelaughdie 145 posts Posted by Surelaughdie > Aug 30, 2014 03:24 AM | Report Abuse
palm oil futures was rm3000 a ton during feb 2014. now??? guess? rm2000 only.
u donno only mah. its also oil u know? brent crude peaked at 115 in june 2014, now 103 only. once it broke down 100. all hell broke loose la, sumatec all financial projection based on oil price at a very high level forever. very unrealistic. once new oil low price factored in. woohoo. laughdieme.
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....
Posted by optimuss > 2014-09-10 22:18 | Report Abuse
on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand.