Last breath r too much bro, don’t suffer urself. If today spy close above 2850 then it’s a good chance to collect more on Monday spike down. I didn’t see any reason that hold the buy, more country are reopening , more financial stimulus package are announce to help more business all over the world . Maybe there will have high chance of depression in future, but not now. Trade what’s happening

Just buy. Price maybe spike drop monday, but without idss, the direction of the stock market can only be north. Unless 2nd wave of Coronavirus or some bubble appear in any country that will effect the economy. Some Canadian suggest housing bubble is coming as their housing price had rise from 2003-2020.

Coolio. So after this u learned more about stock. Actually when u see when US unlimited print money and will buy all equity and bond , that will be uptrend , moreover Bursa suspended IDSS, so it’s a must buy.
But currently us indexes start to meet major support, u can see on 21st april 1day down wipe out 7days gain. Buyer seller fighting now
Next week NFP data and many QR coming.
Wait for the correction and can buy at low price

Can’t use common sense in current market situation(worldwide). Currently is just pure optimist/speculation/technical/news and also follow Sp500 and Dow.But still can trade and make profit

I am still partially in the stock market and will be averaging hibi when it touch my entry price. Losing money is just a part of trading as long as your long term portfolio still positive.

As again for newbie, I hope u guys don’t gamble in stock market. There are plenty of strategy/system/value investing in the market, just find one that suit u and practice it. If u already stuck too far away from your entry price and have no more extra capital , my suggest is just delete your stock apps and go back to your normal life as mco are lifting soon and come back to stock when the storm passed, Maby u will see hibi trading above rm1 that time, still nice 100% profit if your entry price are 0.5 above.

But as more oil company closing shop, the oil price will slowly adjust back to fit supply/demand ,And yes, its true not to be panic because oil are still one of the most important energy resource in the world and the price will eventually goes back up. but the problem is how long it takes? As an investor trader/investor, entry price are important to us because it determine our profit and it take long time to come back if we bought it at high entry and we earn nothing .

The economy downtrend is starting to show as many us company QR coming. current oil price are not human intervention, it’s pure supply/demand base. Oil price will have tough time going back to its glory price. Suggest u guys go read some report/data from china as it’s the first country who “defeat” coronavirus and have a basic understanding of how post-virus economy are. It’s a circle/butterfly effect for the world economy example low spending=low demand= low factory production= less oil/energy consumption.

When all country end lockdown, oil price will rise again bcos demand rise. But the price will remain depressed

-$25

Wow, nice earning short selling USOIL.

Maby usoil want to test 80’s low . After almost 40 years!!!!

But Brent crude testing previous low are highly possible

0.05 are impossible unless hibiscs high in debt

The pandemic are estimated to be controlled within 2-3month. Hibiscus can survive this oil crisis, but depend on how long the oil demand/osp get back on track. If short then it’s good, if too long Maby no more nett cash company.

Maby Nevis ppl don’t don’t think hibi can go back above 1 before maturity date.

Just trade it !!! If u understand wht I mean

Tangen1985 actually it make sense. Because currently no idss ,no bad shocking news ,unlimited QE and the damage of the pandemic still not yet clear(the situation same as all other stock all around the world, all rallying) , even US stock are rallying with super high unemployment , drop on retail, rising covid cases/death and etc . Unless a proven medicine or vaccine will be create fast enough, if not people will start to panic or when oil price stay below 25 for some time. But anyway still can ride on this rally and make some good money just like any other previous crisis. I think This current world stock rally is a rally of hope , hope came true= spike minor correction. If not, another economy crisis will be on the way. Just look close of US news and their indexes. Btw china lock down 2month and post-pandemic gdp -6.8 in 1st QR, so how will other countries post-pandemic gdp be?

Good day , happy earning. Agree with latuk seri, but anyway guys, do follow US pandemic and their indexes tightly. any news can trigger up and down in US index and when US index triggered, Malaysia stock market will act the same no matter what. But I think next week will still be a good week as many US company QR still not impact by the pandemic badly. But watching US situation are scary, unemployment rate super high, covid positive rising , death rate rising , company bankrupt, but share price keep rallying. “If” a medicine for curing covid are ready soon then it’s good to see this rally. if not, beware and prepare an exit plan.

Lol, u all in is it? Angry kid

Most of the oil production country OSP will be below $20 soon. Not a shock to see hibi go to 0.20 or even lower.

oil price will probably test previous low, I think the reason oil price start to decline today is because Saudi May OSP give another additional $4.2 discount(total $7.3) to Asia country and I think many other oil production country will follow discount if not hard to grab market share .

Hibi price still so high while oil already below 30.

To whom already bought, just average down. To whom still not, wait a while and buy at lower price. Oil are still one of the most important energy source for current world.

But for info if this virus continue in western country , it will be a huge market crisis.

Genm will have 2 spike(small or big I dunno). One is mco end and one is theme park open. I highly think genm will recover faster than we expect. Mostly genm profit are from Malaysia , and Asia take faster precaution towards this virus. That y Asia will be open faster than western , when theme park open, tourist from Asia will still come . Just average down and u will be reward with 10% interest per year and few fold of ur share price . I also hope genm will drop to 1.5 or 1 , lol.

Would see how market react on the demand shock in a few weeks time.

Who bought just average down, who still didn’t buy can ready to collect. Going back go above 80 Maby need 1 year but go back to 40-60 range few month will do.

Small cut. Need to see how G20 meeting goes.

15% will still make diff. Diff is if not cut oil price may drop under 10 if got cut it can maintain above 10,20,30 depend on the cutting size

Belisto, idk wht time meeting end . Today’s oil meeting Maby will be very long. Maby they will have a break for tea and then continue . Huge cut involve too much country and Saudi and Russia will surely involve US in the cut. Bcos Russia and Saudi will not risk their market share and half of their production to be savior of oil price. So the outcome Maby will be US,Russia and Saudi big cut and other oil production nation small cut( total up equal to huge cut) , or it will end up nothing or useless cut and let the demand/supply determine the oil price.

Nepo. Big cut is confirm but if can reach 20m is great. For “tomorrow” Big cut = price spike, huge cut = price spike spike. Now need to see the full outcome of the meeting,If they fighting and ego in the meeting then tomorrow limit down. But for short term still need to see how deep the demand spike goes to determine the short term price range.

Oil jumps 12% amid report Saudi Arabia and Russia have reached a deal, cut could reach 20 million barrels per day

Miracles, it’s not like a switch on off button for oil production. It cost a lot to restart when it stopped. But I kinda like ur theory

The deal will sure be reach. But the problem is does the cuts amount enough to sustain the demand shock? If not then price will fall again , but even though it fall it is still good for us to collect again at low price.

No matter what is the meeting outcome , oil price will climb back after July no matter economy crisis or not.

If crash, u get big loss if only u sell, just average down. Supply/demand will sort the price out soon.

It will have less price movement until next month. Now cannot short sell and US index still good. Will be down if crisis confirmed or when qr out. LKT already say this Q no show .

Either intervention or naturally(supply/demand) will sort this problem and eventually oil price will go up as usual. It’s just depend on the time length. One is immediate result and another possible crash and then go up.

base on the analysts 75% price above $30 vs 25% price pushed lower to $20

Analysts at Credit Suisse outline five potential outcomes from the meetings:

• 1) NO OPEC+ DEAL (5%): Russia and Saudi talks will break down – Brent could be pushed lower to ~USD 20/bbl

• 2) NO US DEAL (20%): If the US refuses to partake, Russia and Saudi will also ditch talks – Brent could be pushed lower to ~USD 20/bbl

• 3) A “LARGE” DEAL (20%): around 15mln BPD cut from current levels supported by OPEC+, US and other producers for at least three months with possible extension – Brent could rise to around USD 35-40/bbl.

• 4) A “SMALL” DEAL (35%): Immediate OPEC+ cuts of 12-13mln BPD; US offers mild reductions in Gulf of Mexico and Shale output and the purchase of oil for the Strategic Petroleum Reserve (SPR) – Brent could see USD 30-35/bbl.

• 5) AN “EVEN SMALLER” DEAL (20%): US relies on natural output reductions and offers to purchase around 0.8-1.0mln BPD for the SPR. Brent could meander below USD 30/bbl with scope for a rise to ~USD 35/bbl should US production markedly decline naturally.

US are true devil. They do not want to cut their own production and forcing Saudi and Russia to cut. For Saudi, US will remove troops , Patriot missile ,and Thaad defense system from Saudi and put elsewhere in Middle East if Saudi cuts(using military action to force cut). Currently Saudi oil production are roughly 12mb/d ,Russia roughly 10.8mb/d while us at roughly 15mb/d. Russia agree to cut 1mb/d few days ago. 10-15mil(10% of world production) cuts mean each of these big oil production country atleast need to cut 2-3mb/d and other small oil production country to cut few hundred thousand barrel per day to achieve . If only depending on Russia and Saudi it will take nearly half of their oil production to achieve the target . With current demand shock may greater than 20mb/d maby 30mb/d, will 10-15mb/d save the oil price if this greatest market intervention happen?

P.s oil are still one of the most important energy source currently.

Trump state that “free markets will determine us oil price” another meaning of us shale company refuse to cut, then what trump can do is just let the price fall and eventually when us shale production cost higher than selling price they will start to make cut. I think us big shale company going to eat up small shale company during this event, so it means hard for Saudi and Russia to make cut when us not making cuts. Actually it already show hard to cut since the price war start, if easy to cut it will have no price war. For Russia and Saudi they won’t repeat their mistake on last price war and let America become the largest market share holder moreover in current market situation(want die die together see who hurt most). Anyway just average down if it crash bcos as trump say “free markets will determine us oil price” , actually will determine whole world oil price(demand/supply game). If the outcome are good, congratulation and happy earning.

So far I think the worst still didn’t arrive yet, bcos currently what we heard is just all regarding health care report such as recovery, positive cases, vaccine and etc. We still didn’t see any news of company bankrupt(other than one shale company and one bank in Us). Because since 2h last year economy had been unstable/slow down due to the tariff war and etc. so current pandemic would damage some business badly (us unemployment currently roughly 10mil)and will have butterfly effect to other industry. Example currently no demand worldwide so many china manufacturers will have no job cos no export . So if u guys want to wait just collect when these news came out. Btw above is just base on my own observe and 2cents feeling. Maby ltr next week a super drug been developed and economy climb up in a blink of eyes . many uncertainty in current economy situation.

Overmars, just average down and u can recover faster if u believe genm will be greater in the future, I average down from 3.3 to 1.8 and my average price 2.1 and I sold some today to collect lower ltr (if it goes lower), if didn’t go lower then no choice collect higher(lol). Or u can just forget it and eventually genm price will become higher in 2-5 years. If u take part in stock market in previous economy crisis u will know. Chill , just don’t look at the stock price so often , take some time read economy article or news and prepare for next round.

Us market rise as euro covid daily positive cases start to decline, but it will take sometimes for euro country to lift lockdown. Us had just started stay home order recently and hope us can flatten the curve soon. If not ltr many us company bankrupt and will effect world economy. Currently known filling bankruptcy us company is one from shale industry and one bank.

maby it will go down after 30 april like vietnamcoffee126 stated bcos pandamic still not yet at the peak worldwide. but its genm , just accumulate stage by stage and will see reward in few years. nasib baik genm is not a goreng counter. btw its fun to trade some goreng counter at this time to reduce boredom. lol

If u trade commodities or foreign exchange long enough u will realize Asia moves determined less, big moves start on us open. But anyway chill and happy earning.

Leong1982 , u have to wait until tonight to know whether oil price will set to crater or not because they are currently starting or already fallen asleep on their Sunday night.