Spinning, if it really hit 70cents, will you buy? Have been wondering if it was just a rhetoric from you, or you were being real. hahaha

Lower support trendline broken, should cutlost now trading wise. Looks like Spinning's dream may come true. lol
https://invst.ly/45ghp

No. Oil unlikely go that low. Oil is bottoming, now (tonight) might be the real captipulation, don't got over bearish.

The bearish sentiment is a painted canvas. The net non-commercial short of crude oil stood very high currently, once the shorts reverses, crude oil price will go up unimaginably. This phenomena already happened few times since the great collapse of crude oil in 2014. You can do your own back test if you are free using this website. lol
https://www.quandl.com/data/CFTC/CL_F_L_ALL-Commitment-of-Traders-Crude-Oil-Light-Sweet-Futures-Only-Legacy-Format-067651

Oil is doing panick selling so as senergy now.

Oil is testing new low, this is gonna be interesting. Kind of reminds me of late august 2015.

Do you accept monopoly house?

I'm into this craziness, one ticket to holland please lol.

This is so funny, it's only lower quarter profit, and yet people are selling as if it reported annual loss. Definitely worth the risk to catch. lol

0.785 is currently the upper boundary of ichimoku cloud in weekly chart, a closing beyond 0.785 will declare a continuation of uptrend from the weekly chart perspective.

I wonder how long Spinning has been waiting at 70cents. lol

all eyes silently awaiting the unspoken consensus

oil price dropped like shxt last few weeks and armada don't even bother to correct, go figure!

For those who do elliotwave analysis.
Armada is doing wave-3 extension, next profit taking point shall be just below 90cents.
https://invst.ly/43k9l

niki, the report is quite comprehensive, thanks for sharing.

your name is funny spin.

no eye see, sell now, can buy back cheaper!

When is qr report?

looks like will drop like 1st of march. better sell now.

The funny thing is the more people hoping/waiting for it to drop until 0.70, the less likely it will happen.

I would rather buy now, by the time when the sky is finally clear, the price would already have moved up substantially. As part of risk management, just implement proper cut-loss strategy.

more like normal profit taking after the recent breakout. Still got upside, just be patient.

just be patient if you are holding.

what's your average cost per share?

from deal or no deal become diu or no diu. hahahahahahaha

Oil price drops like bird droppings, OMFG.

Seriously don't touch warrant if you don't have the risk appetite. Warrant will expire, it can turn into 0.000. Share at least you can wait if something goes wrong.

If you think they are lifting the price to suck all the retailers then your thinking is wrong.
lol if they really want to sell, and no big boy is catching, the price would have plummeted below rm 1.00, long ago.

EPF holding of skpetro has trimmed from 899.9m to 857.4m between during the whole Aug!

Walao. the price still can climb up despite epf selling. What do you think?

Don't drop further already need to bersyukur, don't be too greedy.

Let's be honest, anyone recently bought umwog shares after the bad quarter result was released (ie 23rd of aug onwards)? Mind to share your opinion on why buying after the bad quarter result? Just curious about it. Tqvm.

Those who are still holding are qualified for suicide squad.

For those who didn't cut-lost, holding sounds like suicidal. IMO

still holding? cut lost already?

Strong selling pressure?

Cut lost?

Anyone had cutlost?

westimee, forget about market crash, super rally, supper rally is coming.

No drop further already need to bersyukur...

If go up in next few day, dare to buy??

Just afraid if same FGV stunt will be pulled out, FGV consolidated about a month after it first penetrated 200sma, hoping this umwog won't do such thing.

Price structure of crude oil shows that crude oil has bottomed, so regardless of the outcome of opec meeting, crude oil will still go up.
There will always be another catalyst, even if opec meeting failed, so don't worry about if the price will be diving again, the answer is unlikely.
But the question lingering around is if the warrant can expire in the money.
If uncertain and not comfortable with structured warrants, I think should just stick with the mother share, everyone got their freedom of choice, there is no right or wrong in every option, afterall everyone has a different risk appetite.

TBH, this article actually make sense, as we won't witness market crash in 2016.

High amount of sell q, low amount of buy queue, good thing.

The price is still playing taichi with 200sma, still waiting for it to make a close way above 200sma.

Nothing is guaranteed in this world, do your own due diligence.

Somehow I feel that the volatility in price (up and down swings) in these few days is actually a good thing (sign), especially when it is hugging 200sma currently.

The reaction may not necessary be negative, it can be neutral or even postitive, if UMWOG report another losing quarter, because if the quarter loss is better than expectation, investor may buy the quarter result (ie happy with the result), the forward looking market, and the market looking forward may expect more contracts (revenue) with improving oil price.

There are few points to consider now. Contracts for two NAGA rigs actually expired in the 2nd quarter this year, are the associated revenues were already realised with the progress contract, or are there any one-off revenue to be realised with the expired contracts?
And we need to consider of how the market will react with the announcement of quarter result if it is red.