@Scenic This article came out -- http://www.wsj.com/articles/malaysian-leader-najibs-stepson-allegedly-funded-u-s-property-deals-with-1mdb-money-1463022324

Old post from 13/05/2016 13:03 " Wait for daily market participation statistics to come out for today's session, you'll see massive foreign selling."

WSJ article came out on Thursday 10 PM local time (Thursday morning in NY)

Net selling more than half a billion ringgit on Friday alone.

Foreign selling. Period. http://s32.postimg.org/efhu0bzpx/klse.png

All the market needs is a catalyst it will shoot up like no tomorrow. Very oversold.

I think EPF will take profit in IJM and push SKP up.

KLSE MACD and RSI more oversold than when we fell to 1600 in January

A lot of smart people here think EPF does that too.... ^

Buy at 1.58 and sell at 1.30 -_-

177k c16 warrants sitting there in the Q @ 0.005

If we close with a dragonfly doji... yeah. Reversal.

Dragonfly doji forming on the daily chart.

Brent new high for 2016

Oil up almost 1% SKP down almost 2%

Thank you WSJ

Hahahahah this is fantastic. Burger flipping coming up next

Hahaha Index down 0.7%

Reminds me of people that waited for AA to hit 20 sen when it was trading @ 80 sen.... they said it would become like AAX....where are those people now?

Maybank @ 5 ....lol

Go look at NKY

https://www.today.ng/news/national/122359/labour-unites-buhari-vows-shut-nigeria

http://www.africareview.com/news/Nigerian-workers-issue-strike-threat-over-increased-oil-prices/-/979180/3204334/-/6p8xbaz/-/index.html

Nigerian workers issue strike threat over oil prices hike - May 15

Japan's PM Abe to delay sales tax hike set for next April: Nikkei report (NKY will rally on this news)

Estimated value of EPF holding in SKP @ Friday's close price = ~ 1.435 Billion MYR ( 15.6% of all SKP shares )
- Estimated value of EPF holding in IJM @ Friday's close price = ~ 1.715 Billion MYR ( 13.47 % of all IJM shares )


IJM: only 5% below 52 week high (bonus issue)
SKP: 43% below 52 week high

Where do you think the EPF will take profit?

This is the list as of Friday's closing price. All 32 companies (30 in KLCI and 2 potential replacements) I will update it on every closing price. The two companies at the very bottom on May 23 closing prices will not be in KLCI... that's why I think the EPF will push up SKP. -------- http://s32.postimg.org/4dwmztsl1/Ranking_May13.png

IF IJM closes @ 3.55 on May 23 --- SKP Needs to close @ 2.08 to have higher Market cap.
IF IJM closes lower --- That number will be lower for SKP
IF IJM closes higher --- That number will be higher for SKP

LoL don't know how that got in ... correcting info now.

SKP @ 2.00 before May 23 close.

C16 either lose all and flip burgers....or win big and open a burger restaurant.

Yeah...Q @ 0.0001 this ticker is worthless... you should actually get paid to take it... ( 　ﾟ,_ゝﾟ)

Yes....let's buy 50 millions shares at 1.58 and then sell them at 1.30. (Sounds like a great plan!!!)

Maybe I'm not a guru like some of these experts here? lol

Not really.. Philippines ended the day up 1.4%.... it's Malaysia today... WSJ.... EPF will push this up before the price closes too low on May 23....they have around 2 billion invested in SKP....they'll push it up....with the others that bought from Seadrill.

and it's all bs anyways..... https://pbs.twimg.com/media/CiVmqGlXEAAMe10.jpg:large

US retail sales beat expectation.... The breakdown shows that auto sales and gas sales surged

Let me guess...your crystal ball told you that it will drop to MYR 0.02 per share and you're just a good Samaritan that wants to help people, huh?..... Laughable.

"Fundamentally skpetro is very weak. Partner Seadrill is in deep trouble. Brazil Petrobas is in deep trouble, Brazil politics is in deep trouble. Petronas also cut budget. All these make skpetro share price weak and downtrend. Technically massive resistance at 1.63-1.66 due to overbought zones of 100-200 million shares. Plus risk of being kicked out of KLCI 30 component shares index by May end. Brace for RM1.30 bottom. Pity EPF average buying price for skpetro is much higher despite owning 4% at 1.58. However, last few trading would have earned EPF some profits to cushion this impact. Last quarter skpetro suffered massive RM1.2b paper loss due to impairment charges, which can only be reversed if the deep water projects start running at higher price. However, at current oil price, the contractor fees have been reduced considerably. Unlikely to go up with near term oil price, unless oil price rally is sustainable."

I don't waste time on tickers that are in trouble....why are you wasting your time here if you think SKP is in "deep trouble" ( ͡° ͜ʖ ͡°)

Maybe Monday open @ 0.32 cent , no? ¯\_(ツ)_/¯

^ 1.56 already hit....where were you?

Okay... volume now...28.5 M....check again @ 4:52 P.M

Hahahaha look at the Q....there was 1 M shares selling for 1.59....now gone and price is still 1.58..... sneaky...buy...reset price.....buy....reset price.....buy.....reset price.....hahahah

Hahahaha this funny....every time 1.59 hits....auto sell back to1.58... watch the volume jump between 4:45 close and 4:50 open

OPEC OMR just came out... if you're interested: http://www.opec.org/opec_web/flipbook/MOMRApril2016/MOMRApril2016.html

25 M in volume and only down 5 cent? Someone is buying.

Don't follow what I say or take any advice from me. I think next week will be explosive. They'll push it up a lot.

Why would EPF buy 50 million shares from Seadrill if it's going out of the index? Doesn't make sense. Follow the money.

Foreign funds have been selling since index was 1700.

You have to take into account how much the other 29 tickers dropped too.

It all depends on their price on May 23.....which is a really good reason for EPF to push it up.