dow will drop below 20k pts, just wait

crisis has started but yet to peak, you will see the effect coming one by one

but still early, wait until dow below 20, bursa might 1.2k

not here only, whole world

6:20 pm: Juventus player tests positive for COVID-19

Italian soccer giants Juventus said defenseman Daniele Rugani tested positive for coronavirus COVID-19 and is asymptomatic, the club confirmed in a statement Wednesday.

The club said it is "activating all the isolation procedures required by law, including the census of those who have had contact with him."

On Monday, Italian Prime Minister Giuseppe Conte announced the stoppage of sporting events across Italy, including play in Serie A, the league in which Juventus competes. The Italian Olympic Committee called for all sporting events to be canceled until April 3. –Eudaily

when the world economic (china, usa and europe) in crisis, i can confirm that we are moving towards recession

just ask yourself, if o&g, tourism, aviation, airports, retailers, supply chain, offices, and many more affected, would it not be a recession?

the rebound bcoz bargain hunter buying but later they realised it cannot sustain the support, rejection is too high, they cannot against the market force

today and tomorrow will drop more and hard to rebound after this, usa and europe now in serious virus crisis

i predict armada can drop to .145 again

juventus player found +ve, all football match now suspended

trump has been talking with wall streets, banks and economist, you know when these people are sitting together, is a serious business

brace yourself for the worst, italy now on crisis and hospital not able to handle the pandemic

it cant built hospital like china did, icu no more space, more patients will die

will it drop back to 71c? high possibility bcoz dow will soon touch 20k pts

the real effect of low oil price will not immediately seen, if it last for 3 mths, contract will be terminated and no work order will be issued out.. the future growth is unclear

see the big picture, billions has gone from market, it will not come back straight away.. what this sign tells u?

below 1.0 will coming very very soon

if you want to buy, go buy the beneficial of cheap oil not the opposite

oil is 36usd ! not 50 anymore, cant you see big fund is selling, lowest will be another lowest until you cant recognize your own mother

if oil below 40 prolong for 3 mths, prod will stop and contract services will be terminated

no one will pump oil when prod cost is higher than selling price

but now you cant

anything can be done in mortgage flip without a penny

mortgage flip i did 25 yrs back, no need go to us, maybe you still in kindergarden school

dow 25k pts still high, it will drop below 20k in a month

the low oil price now will show its real effect in next 2 mths time and fwd..

current is a technical rebound for bargain hunter buying, overall market still very weak

billions of money gone from market and it will not come back so early, this is just the beginning of something big to happen - recession

mabel, im not sure how you are doing now, keep telling your holding ave are low, but all your o&g stock has been rock bottom from thheavy, scomies, barakah, icon, alam, knm, armada, some already paper loss 700% eg barakah since 12c now 1.5c

i dont own o&g now and been so lucky disposing armada after bad qtr rpt at .335.. buying back some below .20c is good, still have plenty of time to buy

fyi im now buying notion, opensys and collecting more gbgaqrs warrant

will pick uzma, penergy and serbadk as powerful rebound counter and of course some others that will benefit from cheap oil price

you must realise oil price now is below 40 which is very low profit margin and to some operator maybe just breakeven

this is the bigger picture

if us, opec and russia cannot sit and agreed soon and oil remain below 40 for long time, the worst yet to come

the no of virus cases in us and europe and rest of the world keep increasing, this is the main issue

once cases under control / dropping, then only safe to enter market

in between them, will be volatile, can short but will not always win

wait below 70c, dow will touch 20k pts

even if now cheap, it can be cheaper if things doesnt go well in coming weeks

o&g prob now not at dow, but the excess supply and price war... if prolong, can turn oil cmpany bankrupt

rebound to drop further or rebound to further up? difficult to answer

keep money in bank is more safer now, even dont earn much, you will not lose

will be 3 days straight limit down

tomorrow will drop again for sure, in time like this to recover back capital may take 1 year or more

will rebound if Russia get back to discussion table, at this moment not yet

back to the past where o&g no one wants

he will say go eat pineapple

o&g even so cheap not dare to go in bcoz lowest can be another lowest, now looking around for non o&g stock that benefit frm cheap oil

alam cl .125 b4 qtr release, loss 2c, buy bck .095 sold .10 bcoz oil cntinue drop
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bullrun1985 @panda, how about your alam?
09/03/2020 2:32 PM

when the uncertain is certain, then only make move

whats next? stay away from market until see clear direction, investors dont like ambiguity and uncertainties

im not chartis, more to bargain hunter on growth stock, 1st entry 10k shares only and will buy 2nd tranch when time comes
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kfoong81 SuperPanda, I know you believe this is a good company now has recovered from its worst time, which I agreed. But, you don't look at chart for entry point ?
09/03/2020 10:06 AM
09/03/2020 2:16 PM

mine ave is higher at .96, will buy to ave down but not at this moment, next buy below 70c, crisis still not at peak
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newinvestor85 Hi Super Panda. I bought it at 90 . And now went down to 80. Do u think I should wait or buy every time it goes down.

dont underestimate the crisis, it may go beyond our thoughts, if prolong, recession just right to happen, capital will stuck for long

your support to PH, PH lost power and your promote to Dayang, mr market turns you down, life is not always at the top, learn to be humble like OTB

another fail attempt by KYY, its not easy in stock market no matter how rich or how smart you think you are

i stay away first and wait for signal to re enter o&g

whats coming in few weeks to come will be a disaster if saudi ramp up output and sell at big discount

agree

careful all, all the best, i decided to stay away from o&g now

“This is going to get nasty,” said Doug King, a hedge fund investor who co-founded the Merchant Commodity Fund. “OPEC+ is going to pump more, and the world is facing a demand shock. $30 oil is possible.”

Some believe the market could go even lower.

“We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” said Roger Diwan, an oil analyst at consultant IHS Markit Ltd., implying that the price could fall below $20 a barrel.

i dont have bad intention but if you read whats happening now, its really really bad.. decision must be made fast or face the risk later
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“This is going to get nasty,” said Doug King, a hedge fund investor who co-founded the Merchant Commodity Fund. “OPEC+ is going to pump more, and the world is facing a demand shock. $30 oil is possible.”

Some believe the market could go even lower.

“We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” said Roger Diwan, an oil analyst at consultant IHS Markit Ltd., implying that the price could fall below $20 a barrel.

next week sure will be below rm2 as oil is -4.46 in a day trade... you think market can hold above 2? market is sensitive and it will react