short trade play in uncertain market

today might drop another .005 or .01

it should stay above .2 rest of the week

and yday oil drop usd2... it up against the market trend

yday 88m vol, obviously collection after big disposal

hand itchy to sell another portion.. see money cant resist.. heart must cool down. let uptrend run first..

wow .12 now

0.24 tomorrow

2 long red candle

im not chartis but chart do gives data.. macd going to cross soon.. not suggest to ave down at 0.6

armada has up... velesto has up... alam today up... reach also today up

Stock: [VELESTO]: VELESTO ENERGY BERHAD

Jul 12, 2019 11:00 AM | Report Abuse

many made mistake enter too early in o&g in early 2018 plus trade concern.. made people lost money

the way i see it, 2H19 is actually the right time to buy this sector and keep it till end of year for short term and next year for mid term

i have velesto, reach, alam and armada in my holdings where these stocks now are trade at a very reasonable cheap price

if o&g market remain resilient till 2020, the investment made now will become big return (in case no recession whatsoever)

welcome in back.. no more 0.175 right this time? : )

recall my posting at velesto

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Stock: [VELESTO]: VELESTO ENERGY BERHAD

Jul 12, 2019 11:00 AM | Report Abuse

many made mistake enter too early in o&g in early 2018 plus trade concern.. made people lost money

the way i see it, 2H19 is actually the right time to buy this sector and keep it till end of year for short term and next year for mid term

i have velesto, reach, alam and armada in my holdings where these stocks now are trade at a very reasonable cheap price

if o&g market remain resilient till 2020, the investment made now will become big return (in case no recession whatsoever)

sell a bit just to build up cash.. im lucky this week, from krono, to armada, then velesto, then alam and now reach has climbed too..

just trying queue sell at 11 some quantity, somehow it matched : )
still hold balance

.22 now

fund dispose now collecting back

i call you sifu from now on

wow, hengyuan win, dayang win, gadang win, here win.. give you another 1

queue .175, it go up .205

chart now not good, momentum lost...trump tariff war comes again.. back to below .60 soon?

after i gave 1 to aseng, he not appear anymore.. sold all already maybe

most o&g react -ve on oil price drop, very few unchanged

this is projected, but if later afternoon it back to yellow, then support is sustain

dont sell cheap price when stock if uptrending, park at higher price so fund have to collect at higher cost and bring it further up

wow early open .33 at 1 shot gone 5m

i will queue at .175 today to see if i can get it in case fake rebound

today if touch back .20 then probably no more big disposal... but if drop back to .175, rebound still fake

KNM too risky to buy for new entry.. it might consolidate later

so buying velesto at 31-32c is better option.. even if it retrace to 30, only drop a bit.. 29 support vele vele strong.. been queue for >1mth never get

that would give signal why it will sustain and jst wait one good news to break new high

when a price drop or up, i have set my rule to see what would be the movement in ma14 days

in prev cycle, rally to .24 and .27 didnt create support at all... even drop the next day and bottom again

this round uptrend may different bcoz you can see the vol and the support is so strong... plus no disposal from epf

oil drop almost 2usd so lets see if that have effect in today movement

target to hold 1m shares

im accumulating at weakness, its a 0.10 a piece today, bargain price if buy 0.95, 0.09

epf already smells that, me follow them

new jack up rig contract winning is on the way as velesto is the biggest jack up rig player in msia

and velesto is the ms photogenic for today... while alam maritim is the next year candidate

when dayang post 2 consecutive profit, its became beauty pageant even though its stake at perdana is highly in debt until RI

so armada is the beauty pageant in the making..

buy and hold, no need to monitor frequent, after next 2 qtrs profit, rest will be history

this is just the beginning

more to come

true, very easy to beat KNM, wait next qtr, it will happen, 2.5 mths from now

go read 2018 AR and you can see why next year will be much better year for alam.. those dont buy now will be regretted next year...

probably by 1QFY20 can see 100% gain.. 9 mths from now

patience needed here as RCN at 0.09 is huge.. but if after 1 year can give return 100%, dont you think it worth it?

where oil was at 100usd probably

Armada IPO? wow, thats long time ago story.

when buy o&g must remember its gearing very high (debt higher than equity).. when oil start to pick up last year, many already rushed in buy o&g but actually it was too early

to reduce its gearing required cost management and settle debt,.. this will not be solved in few months

but the direction already clear now where its heading too..

reach very good at announce news, just wait one good news out, at current price can easily up 30%

if your ave below .20, i think its a good entry price.. below .25 still ok, but those trap above .30 need to stay strong

ive been buying velesto when epf accumulate but it cannot move up due to pnb dispose.. now pnb might stop dispose so its time to move up

for armada, similar case, it can only go further if epf stop dispose

after waiting almost 1.5 mth
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Stock: [VELESTO]: VELESTO ENERGY BERHAD

Jun 10, 2019 6:31 PM | Report Abuse

it can hit back 33 soon