My trading
Good news, DOHA meeting failed !
Hiu Chee Keong
Publish date: Mon, 18 Apr 2016, 06:19 AM
Good news, or bad news for some, DOHA meeting failed, oil down again. So, we will have BSKL bargain time again. But atleast we know roughly where is the floor, the worst. Oil's floor about 28-30, Ringgit floor about 4.4, BSKL floor about 1580-1600. I dont think it will hit the floor again, the wrost is over at least for short term. so, time for me to collect shares at bargain price again.
but i guess market will be quite uncertain this morning, bcos euro and us market only open at noon and night, asia market dont have any clear guide at morning.
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Discussions
Be the first to like this. Showing 12 of 12 comments
looking at Tesla model 3 electric car sales. Saudi know their days are numbered.
in 30 years internal combustion engine cars will become dinosaur.
New species of electric car will roam the earth.
What saudi do now is sell as much oil as they can, fully utilize their production capacity. Maintain or capture market share.
2016-04-18 08:11
it is official. Iran didn't attend and it is all over the news. Check al-jazeera
2016-04-18 09:21
Mohd Fahmi, not speculative, it is official. When i post this, i already check the news at cnbc.
2016-04-18 09:33
Cheaper oil is good news, good for all of us, and businesses except o &g counters. More profits for companies due to lower cost of fuel , tranport, materials in plastic, synthetic rubber etc , tranlate into strong purchasing power of wages for cheaper goods. Including prices of properties decreasing n cheaper. Equities in consumers, trade , services, manufacturing should do well. Construction benefit a lot.
2016-04-19 01:06
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Well for guidance the Aussie is tanking.
2016-04-18 07:49