Yes, I noticed all the O&G counters u mentioned already up more than 40 % except this lousy SAPNRG (but I think it is going to be the best counter).

Hahahaha!! In this forum hard to tell who is telling the truth or opposite....

Earlier Pmaster said if the trader press down the price to 0.700 on Monday, it will only be a one day show.... if what he said is also true, will u not buy (or add more) at 0.70 to 0.72? If u r willing to buy at around 0.77 to 0.80, y r u not going to buy at 0.70 to 0.72? What is the reason for waiting?

If what Pmaster said is true (Mon & Tues rise in price then can add more) & if u wait till Wednesday only add more by then the price will be at least 0.950 (or may be even RM 1.00). Would u still want to add if the price is already 0.95 or RM 1.00?

Yes, sold at 0.8 on Friday was a good plan (no risk to worry over the weekend). Hope u can buy back at 0.75 but there were people who q at 0.795 on Friday also cannot get to buy. Be prepared to buy at higher than 0.8 (which will still an attractive price) on Monday.

Dompeilee, good to know that u have been profitable in your trading & r happy with your method... keep improving. Thanks for sharing.

Paktua73 may be losing some money in this counter but silently making lots of money in other counters (anyway, don't believe everything Paktua73 said in this forum... he may be actually making some money but said he lost money). Hng33 is only temporarily making paper loss for a few months but he is quickly making frequent contra gains. I have to admit Hng33's method is both risky & stressful (only he can take those high risk & stress level).

Hng33 is also not a typical retailer even though he sold at 0.810 on Friday. He employs many different trading strategies at the same time (he may seem to be suddenly changing tactics, but he is not). Very few people can do it like Hng33 (usually people specialize on using one method only).

Paktua73 is not a typical retailer. He has his own method of making money from downtrend but when a counter turns uptrend, he will move on to other downtrend counters.

"According to analysts’ predictions, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) could rise to as much as 1,900 points towards the end of 2018 on the back of a robust economy, better corporate earnings, award of new construction jobs as well as increase in foreign fund inflows."

"Maybank IB has “overweight” ratings on construction, automotive, gaming, oil and gas, petrochemical and utility for 2018."

Read more at: http://www.klsescreener.com/v2/news/view/324161

The above could translate SAPNRG's share price to around RM 1.80 by end of 2018.

Quote: "Ibi_chan Btw any idea what stock is good for strong Ringgit? 06/01/2018 12:08"

Answer: Among the companies that stand to gain from this trend are the major consumer food companies such as Fraser & Neave Holdings Bhd (F&N), Nestle (M) Bhd, Apollo Food Holdings Bhd, Hup Seng Industries and Berjaya Food.


Read more at https://www.thestar.com.my/business/business-news/2018/01/06/ringgit-boost-for-investors-importers/#mL6PYKBKmXWlRiu5.99

Sell low buy high is EPF & KWAP's expertise.... believe it or not, they can make millions by doing so (I'm not joking).

Paktua73, good teamwork... hard to find people I can work with (they don't trust me & think they r cleverer & I can't trust them bcoz they r too selfish).

Ibi_chan, sold at 0.805 is not too early.... that's a good price considering it was Friday. U can re-enter on Monday even if the price is higher than 0.805 (buy high & sell higher).

Paktua73, y only making money from downtrend? y not making money from uptrend as well?

superbull wasting our time reading the same comment posted more than 20 times (nothing else to say).

Pmaster, r u sure it's not going to jump up another 10 sen like on Friday?

No investor is willing to invest in a company if they know that they cannot get back their money (withdraw their investment) anytime at short notice. They (investors) can only withdraw their investments quickly bcoz there r speculators willing to buy from them (even when the company is losing money).

Investors tend to think that speculators r greedy/fearful & not using brain; speculators tend to think that investors r stupid (for not taking profits ...free lunch on the table). I have been both an investor (previously) and a speculator (now) ... so I am familiar with both mentalities. I can say that neither of these stereotypes r true; they only have different objectives & methods (in the end, it all boils down to making money). To be fair (to speculators), it takes more brain (& guts) to make money as a speculator. The thinking & calculations done by speculators r more complex than required as an investor. Investors need speculators (to ensure liquidity in the stock market) & speculators need investors (to ensure stability & rational decisions).

Concerning the red QR, everyone already know that financial yr 2017 report will be red & also Q1 2018 will be red; they r buying SAPNRG bcoz of its ability to service its 2018 short term debt (as I've explained earlier) & ride out the storm through 2019, not bcoz of it's profit/loss in 2018.

http://investors.morningstar.com/ownership/shareholders-concentrated.html?t=SKPBF&region=usa&culture=en-US&ownerCountry=USA

Quote: "miker Big funds keep disposing, retailers keep buying.... 05/01/2018 17:38"

There r also fund managers (not sure Big or not) buying SAPNRG other than retailers. For example, Mellon Capital Management Corporation bought 1.25 million shares on 04 Jan 2018 and iShares MSCI Malaysia bought 236,700 shares on 04 Jan 2018 (iShares MSCI Malaysia is currently holding 15.2 million shares of SAPNRG). These independent funds r buying SAPNRG purely on economic reason(s), i.e. to make money. But Big funds like EPF & KWAP selling SAPNRG r doing so for other reasons (they r not independent funds).

All O&G companies r debt financed (it goes with the industry), so we don't question about the long term debt. However, we need to look closely at the short term debt (current liabilities). Supura has RM 5.1 billion current libilities but it has RM 5.5 billion current assets & about RM 6 billion revenue in 2017. So, the question is... does Sapura have any problem paying the RM 5.1 billion? It is very clear that Sapura can easily pay the RM 5.1 billion current liabilities without any problem at all.

Cheers Everyone! Going to have beer now to celebrate the great performance today.

If possible, I want to accumulate more shares but the price is rising too fast by the minute.

I sold some this morning with the intention to buy back to average down my entry price, never intend to cut win... still waiting for the BIG day coming.

speakup, 9k shares... not 9k lots. Hahahaha!! I wish I am kaya!

Sold 9k at 0.760 this morning, bought back again in the afternoon at 0.780 due to high potential that it will go beyond RM 1.00 next week.

Price rise too fast.... RHB's TP over-run already .... difficult to accumulate more shares.

The strategies for going down stock & going up stock are different... just like driving down hill & driving uphill u have to do things differently.

SAPNRG price going down fast is good so we can get a lot of shares at very low price in a short time; price going up slow is good so it gives us time to adjust our strategy & accumulate more shares.

EPF & KWAP's daily 2 or 3 million shares dumping were easily absorbed by the daily 60 to 90 million shares transactions.... so, it is no longer going to be a problem from now on.

IBs & analysts r also humans with feelings & follow sentiments.... they r also always looking out for money making opportunities (like gaining more commissions). At this stage, even an idiot also can see that there is money to be made from this lousy SAPNRG counter (everything is pointing up now).

The ringgit also strengthened to US$ 1.00 = RM 3.9694 .... may be someone instructed the BNM to do something with forex (preparing for election).

I think RHB's TP upgrade to 0.810 is a very conservative one.... if u look at past rebound of SAPNRG, it jumped 20 sen per day (of course, then the price was higher) .... now it should jump up 10 sen per day. The 0.810 TP will be easily over- run next week. I think those analysts are being careful now bcoz they have consistently gave wrong TP in the past, so they don't want to make mistake again this time.

Mine is still at 0.801

That will only be break-even for me, unless I can average down my entry price to 0.770 by tomorrow afternoon.

Tomorrow is an important day to determine whether this small rebound is going to continue on next week or a fake rebound & trap for small retailers. If the price go up again tomorrow & hopefully volume also increase then its going to continue going up next week.... in that case, tomorrow will be our last chance to average down our entry price (next week will be average up instead).

For SAPNRG, ARMADA & DAYANG, we cannot buy & hold long term (will lose money this way). Just look at the 5 years chart... always going down & never up. We can only buy & sell to make short term profits for these stocks.

Bought & sold 8k only.... managed to bring down average entry price to 0.823; hope tomorrow can bring down average further to 0.770

Looks like the giant whales just starting to dump millions of shares again.

Price going down again .... can easily go down to 0.670

If u divide the RM 17 billion contracts by 3 years, that means RM 5.67 billion per year earnings.... compare to SAPNRG's current market capitalization of RM 4.04 billion, u get RM 1.40 earnings per RM invested (of course, the RM 1.40 earnings may not translate into profits after paying expenses & taxes).

The new contracts (in order book) held by SAPNRG is around RM 17 billion (which will last for three years).

Pmaster, if your 1st investment average price is RM 1.30 & your 2nd investment average price is 0.73, and if both investments are of equal amount then your real average price is RM 1.015. That is a really high average price!

Local BIG funds bought from Mokhzani Mahathir at RM 1.42 and sell now at RM 0.71 .... sounds like BIG Loss (no economic wisdom), maybe it's some kind of dirty tactics (hard to understand).

Somebody is always selling & somebody else is always buying... bcoz if nobody sells then nobody can buy. It really doesn't matter who is selling & who is buying (they have their own reasons for selling or buying). What is poison to someone can be food to another person (or animal).

Sounds like many people are scared to buy SAPNRG now. What I don't understand is... when the price dropped from RM 1.24 to RM 0.83 (i.e. - 0.41 sen, - 33 %) many people were so excited buying this counter; but now the price dropped from 0.710 to 0.675 (i.e. - 0.035, - 4.9 %) and many people say wait & see first... it may go down to 0.50. Personally, I think it will go down to 0.50 easily within the next few days.... so I am not encouraging people to buy, but there is always a way to play this counter no matter what the price level (u only need to change your tactics... don't just buy & hold or wait for it to rebound all the time; it may never rebound).

Interesting (roller-coaster) day. I will continue to buy & sell 4k only everyday (make very small profit but just to lower my average entry price).

Bought 4k only at 0.670 .... waiting for 0.650.