davidlai63Crude oil taken out ?? What was that mean ?
telusterangI think some members here are trying to tell that KNM no longer correlated to oil price or to be exact, some economist termed it as "decoupling" ... Sadly this is not the case !
KNM has been riding on the oil price since 2012, even a handicapped stock like KNM had climbed Everest and now when the oil price at the bed of the ocean, they disown the oil price.
Now the oil price is the forgotten son and KNM thinks with or without the oil price their business is always "not affected". What a bull shit !!
KNM is the darling of syndicates, like it or not. The volume last week averaged about 100m everyday and if goes by maths, the company could have been taken private by the syndicates in 15 days. But sadly, the volume was only churning "buy sell buy sell" with no intention to Invest into the company.
Judging from the dwindling volume yesterday and today, the interest in this KNM is waning. The first layer of money already in the pocket and syndicates will move on the second liners like PDZ, Sumatec, GPA, Tiger, K1, Daya that have not moved thus far. ... but sure KNM will be left behind.
If anyone still think KNM will have a good run, better think twice.