Morning ... Friday. Time to close positions as market is swinging again.

Dayang : Q to sell 1.48 ...hit but mine not done yesterday. Taking profit today

Hibiscus : have to cutloss today. ouch.

So ... OIL down last night? That is too short term view ...mid-term, oil prices would start a down trend .... long term ...it would go very low.


Long time didn't check PERISAI the Shield. A total loss for those buy-hold mentality into BAD counters ... so, we have many such in current O&G such as THHeavy, Sumatec, Scomi ... Alam ... Barakah ... KNM? These awaiting in line for their turns to be delisted and total loss ... so, we shall watch.



There ... rebounded to 22 cents from 7cents low ... of coz no one going to tell you they are stuck up there at 50cents ... RM1 ... RM1.50 ... even RM2, right? All paperloss keeping quiet ... hoping it would go back to their cost price?

so .. if u ask me ... O&G is for trading, not sustainable and many would be crushed.

Good luck to those buy-hold O&G counters.

TEH