seanteoh

seanteoh | Joined since 2013-07-10

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Stock

2016-03-01 09:31 | Report Abuse

Will see heavy force selling today ! Dun rush to buy , sure drop below 0.40 within few weeks ! Be careful , Guys !

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2016-02-29 21:00 | Report Abuse

Hi..Hi... I just like to rescue Penta innocent investors nia , let's prey its price drop everyday till below 0.40 .....God bless us !

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2016-02-29 20:33 | Report Abuse

Yes , you'r right ! Our motivation is to rescue those innocent investors , we suggest them buy at low price , that's mean below 0.40 , then sell once its price above 0.60 ......

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2016-02-29 13:41 | Report Abuse

Faham tak faham Penta shares price also drop below 0.40 within 3 to 6 months lo ....

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2016-02-28 13:15 | Report Abuse

MMS Ventures manufactures equipment for the LED industry. The company anticipates a slowdown in the first quarter as the signs were already present in the fourth quarter of 2015.
MMS Ventures manufactures equipment for the LED industry. The company anticipates a slowdown in the first quarter as the signs were already present in the fourth quarter of 2015.

Slowing demand for smart devices affect Penang-based manufacturers

THE semiconductor test equipment and smart sensor manufacturers in Penang are experiencing a soft first quarter following two consecutive good first quarters in 2014 and 2015.

The slowdown started in the fourth quarter of 2015 due to the weakening of Asian currencies, delay in the release of smart devices with fresh features, and a challenging economic environment.

Globetronics Technology Bhd expects a softer first quarter for 2016 due to the slowing down in the demand for smart devices.

Group chief executive officer Datuk Heng Huck Lee tells StarBizWeek this is due to the restrained replacement rate of smart phones in Asia and the slow growth of gross domestic product in the region.

“The factors responsible for the slower replacement rate of smart phones include weakened Asian currencies and the lack of new breakthrough features in premium smartphones.

“As a result, there is a 20% decline in the demand for premium smartphones, which has impacted the semiconductor component and equipment segments, which include sensor and test equipment manufacturers, in the region,” says Heng.


Heng: ‘The factors responsible for the slower replacement rate of smartphones include weakened Asian currencies.’
The trend may extend to the second quarter, according to Heng.

“We anticipate the release of smart phones in the mid-range and premium categories with fresh features in the late second quarter or early third quarter of 2016,” he says.

Heng says after two consecutive good first quarters in 2014 and 2015, the industry had expected the first quarter this year to perform.

“The signs of slowing down came as a surprise in the late fourth quarter 2015, portending a weak first quarter in 2016.

“The group’s first quarter will be softer than the previous year corresponding period and the fourth quarter of 2015,” he says.

According to Heng, the group is allocating about RM35mil as capital expenditure for 2016 to release new products and sensors in the second and third quarters.

“One of the new products will commence commercial production in the second quarter, while the other three would in the third and fourth quarter.

“We expect the group’s orders for sensors to recover and surge in the second half 2016.

“For the fiscal year 2015, we expect another record year for the group,” he says.

China factor

Moving ahead, Heng says a serious challenge to semiconductor component manufacturers will come from manufacturers in China .

“Currently China produces only about 10% of the semiconductor components used in smart devices, telecommunication, and computing products, and imports the remaining 90%.

“However, starting in 2015, the Chinese government will provide financial incentives of about US$20bil to US$50bil to ramp the production of locally produced semiconductor components.


Chuah: ‘The deliveries for the first half 2016 are mostly from the backlogged orders from the fourth quarter.’
“This will reduce China’s imports of semiconductor components and raise exports of semiconductor components from China to compete in the market,” Heng says.

MMS Ventures Bhd anticipates a slowdown in the first quarter 2016 as the signs were already present in the fourth quarter 2015. Group managing director TK Sia says there was already a slowdown in orders for the group’s semiconductor test equipment used for checking light-emitting diode (LED) products used in the automotive, general lighting, and smart device segments.

“For the first quarter 2016, orders are projected to decline by 10% to 15% compared with the previous year corresponding period.

“So far, we have received about RM15mil worth of orders to be delivered in the first and second quarters of 2016.

“We expect business to pick up in the second and third quarters, based on customers’ feed back and order projections for the second half of 2016,” he says.

Due to the slowdown in the final quarter of 2015, MMS Ventures expects revenue for its 2015 fiscal year ended December 2015 to contract by about 15% compared to 2014.

According to Sia, the 2016 year would be flat against 2015.

“We quote about 70% of our sales in US dollars, which more than offset the 20% of imported raw materials quoted in US dollars,” he says.

MMS test-equipment are priced between US$50,000 to US$100,000 per unit, depending on features and models.

“Korean and Japanese made test-equipment are priced about 30% higher,” he says.

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2016-02-28 12:35 | Report Abuse

That's right , but dunno why that serious illness fellow so kia shu .....Let's prey for this counter share prices drop below 0.40 .....drop ...drop ....drop .....

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2016-02-26 17:30 | Report Abuse

Maybe you think that "insider news = 26b" ...I personally suggest you take some medicines , you have serious illness !

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2016-02-26 17:28 | Report Abuse

Insider news ....maybe more more worse , this counter will drop back to previous prices ...below 0.20 , OMG ......you think "SC" is your father control ah ? Or you think they so free ah ?

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2016-02-25 22:38 | Report Abuse

Insider news....dun accumulate at current price , wait its price drop below 0.30 ......then slow slow slowly buy in ...

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2016-02-25 16:20 | Report Abuse

Insider news ....if worst case , Penta prices will drop below 0.40 within 3 months....big sharks try to push down the price below 0.40 ...watch out , Guys!

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2016-02-24 21:36 | Report Abuse

quick in quick out for this counter , dun keep this share ...be careful ! sure drop below 0.50 from now onwards .....

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2016-02-24 14:04 | Report Abuse

Profit surged last 2 years , but NO dividend gives to shareholders , who want to keep this stock ?? This counter only suitable for quick buy quick sell la .....Now should be dropped below 0.50 ....

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2016-01-21 09:34 | Report Abuse

Will drop below 10 sen by this week ! Then drop further below 5 sen next week ! After that announce bankrupt.........si kiao kiao ....!!

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2016-01-20 16:21 | Report Abuse

Guys , quickly throw your on hand Habiscus shares , no hope liao ....will get lower onwards !

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2016-01-20 16:18 | Report Abuse

Mr.5 sen is coming ....Drop Looooooooooo.....!

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2016-01-19 10:17 | Report Abuse

Everyday drop ....Mr 10 sen is coming soon ! After that Mr 5 sen will follow to town !! Drop Loooooooooooooooo.........

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2016-01-16 10:42 | Report Abuse

Myob , see ...Mr10 sen is coming ! Drop Looooooooooo........

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2016-01-14 22:02 | Report Abuse

Drop Looooooooooooooooooo.........Mr 10 is coming to town ! Drop looooooooooooooo.......

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2016-01-13 22:49 | Report Abuse

MYOB , why not accumulate more ...har ? Please collect when its prices drop below 0.05 !

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2016-01-12 06:41 | Report Abuse

Still can drop further , more bad news will announce next few weeks , Hibiscus actually not worth at current prices , wait it share prices drop below 0.05 then accumulate !

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2016-01-11 21:48 | Report Abuse

Oil prices fall for sixth day as recovery hopes wane
LONDON (Reuters) - Oil prices fell for a sixth session to trade at almost 12-year lows on Monday as concerns about China's economic slowdown, reflected in a renewed slide in its stock markets, weighed on the outlook for demand this year.
Traders increased bets against any near-term recovery in the oil price and Brent crude futures were down by 63 cents at $32.92 a barrel by 1200 GMT, off 15 percent in a week. U.S. West Texas Intermediate (WTI) crude futures fell 48 cents to $32.68.
Speculators increased their net short positions to a record high in the week to last Tuesday, data showed on Friday, in a sign that they are losing faith in a price rise any time soon.

Analysts pointed to China's economic slowdown, which has seen the yuan weaken and two emergency suspensions in Chinese equity markets last week, as the main reasons for lower oil and commodity prices.
On Monday, turbulence gripped Chinese markets again, as blue-chip stocks fell by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market.

"If the first week is anything to go by we are in for a long, volatile and very exhausting year. The week started on a bad note and ended on a good one but the market response, worryingly, was the same to both - sell, sell, sell," David Hufton, of oil brokers PVM Oil Associates, said in a note.

"China has torpedoed the hopes of the optimists. The third leg of the financial crises involving emerging markets that the IMF, World Bank, BIS and various messengers of doom had warned of has come into play," he said.

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2016-01-11 21:46 | Report Abuse

Hibiscus always dig water from ocean , even world crude oil prices up also no concern with Hibiscus pun ! Mr.5 sen is coming soon ......drop looooooooo.....

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2016-01-11 14:11 | Report Abuse

Insiders said more bad news will announce next month.....soon its share prices will drop below 0.05 ....please be careful !

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2016-01-11 14:08 | Report Abuse

Myob , Mr. 5 sen is coming to town ! Guys , please dump all your on hand Hibiscus stock and accumulate it below 0.05 ........soon !

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2016-01-08 21:57 | Report Abuse

In a Mideast upset by cheap oil, more crude may enter market
DUBAI, United Arab Emirates (AP) -- Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.
While some Gulf nations rest on ample reserve funds, embattled Iraq is desperate to scrounge up more money for its fight against the extremist Islamic State group as protesters demand repairs to its failing power grid. Contrast that to neighboring Iran, whose nuclear deal with world powers positions it to re-enter the global oil market and make long-needed repairs to its fields to increase its daily production.
The possibility of more supply entering the market has analysts already lowering their forecast price for oil into the next year. And even if the price rises, industry experts say U.S. production quickly could ramp up and keep prices low for years to come, challenging the power of OPEC.

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2016-01-08 21:55 | Report Abuse

World crude oil up or down also no concern with Habis la...cos Hibiscus dig no oil pun , dump all investors money into ocean , always dig water nia , share prices how to go up ?? Actually it share prices worth 0.01 nia .....

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2016-01-08 06:48 | Report Abuse

Habis....drop looooooo.............drop looooooo.....

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2016-01-07 20:53 | Report Abuse

Oil is collapsing amid fears that tensions between Iran and Saudi Arabia will lead to a deeper price war in an oversupplied crude market — rather than a shooting war in the Middle East.
Tensions are at decades highs between Saudi Arabia and Iran , but the market is more focused on the likelihood that the two will drive more oil into an already oversupplied market and that Iran will undermine an already weak pricing environment with discounts.
The flare-up between the world's largest oil exporter and Iran comes as global supply shows no signs of ebbing — and global growth keeps coming up weak.
While there was a drawdown in oil supply, there was another build in stocks at Cushing, Oklahoma, the physical hub for Nymex crude, and that fanned continued concerns about strains in global storage capacity.

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2016-01-05 22:32 | Report Abuse

Iran, Saudi Arabia tensions can't halt slide in oil prices
DALLAS (AP) — Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can't halt the slide in energy prices.
Oil futures spiked briefly on Monday after the news that Saudi Arabia would cut diplomatic ties with Iran, a development that could be seen as a threat to oil supplies.
Investors quickly discounted those fears, however. After rising by $1.35, the price of benchmark U.S. crude ended the day down 28 cents to $36.76 a barrel on the New York Mercantile Exchange. It fell again in Asian trading on Tuesday, dropping 3 cents to $36.73. Brent crude, reflecting the price of international oils, was down 20 cents at $37.02 in London.
While oil markets were see-sawing, stock markets sagged on evidence that the global economy might be weaker than expected this year. The Dow Jones industrial average lost 276 points, or 1.6 percent, and was down 468 points earlier in the day.
New reports indicated that manufacturing is continuing to struggle, with factory activity falling in December for the second straight month in the U.S. and the 10th straight month in China.
Slow growth means that the current oversupply of oil could be more stubborn than expected. Government figures show that the stockpile of U.S. crude oil grew by 2.6 million barrels during the week ended Dec. 25 and were 9.9 million barrels higher than a year ago.
Oil prices are likely to remain about where they are until either production drops or the world economy perks up and drives demand higher.
Investors may have regarded the flash of tension between the Saudis and the Iranians over Saudi Arabia's execution of an opposition Shiite cleric as merely saber-rattling. Stewart Glickman, an analyst with S&P Capital IQ, said geopolitical risk has lost some of its ability to influence on oil prices.

"It is maybe a sense of security from the marketplace that with this seeming glut of crude oil that you can have tensions in Middle East and they don't count for as much as they used to three or four years ago," he said in an interview.

The explanation lies partly in robust production from the U.S., Glickman said. Saudi officials are reluctant to cut production in a bid to raise prices because they'll just concede sales to U.S. producers who will fill the void in supply.

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2016-01-04 21:19 | Report Abuse

myob , please help me count ......each day drops 0.005 , 10 days drop how much ? 20 days drop how much ? So next month Mr. 1 sen will come to town ?? myob , please ...please ....help me count ????

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2016-01-04 21:15 | Report Abuse

Oil may fall to $18 amid Gulf tensions
The chances of Iran cooperating with top oil exporter and fellow OPEC member Saudi Arabia diminished following a diplomatic crisis that started with the Saudi execution of Shiite cleric Nimr al-Nimr this weekend and escalated rapidly. Iran's supreme leader, Ayatollah Ali Khamenei, said the Saudis would face "divine revenge," and Iranian protesters attacked the Saudi embassy in Tehran.
Saudi Arabia then cut diplomatic ties with its Gulf rival. Saudi ally Bahrain also severed ties with Iran on Monday. Saudi Arabia is the dominant Sunni Muslim power in the Middle East, while Iran is led by Shiites.

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2016-01-04 09:42 | Report Abuse

Mr 1 sen is coming soon ......drop loooooooo!

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2015-12-31 09:55 | Report Abuse

Drop looooo.......drop looooo....Mr 10 sen is coming to town !

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2015-12-31 09:53 | Report Abuse

SINGAPORE (Reuters) - Oil prices opened the final trading session of 2015 in a downbeat mood after record U.S. crude inventories reinforced concerns over a global supply glut that has pulled down prices by a third over the past year.

Crude inventories in the United States, the world's largest petroleum producer, rose 2.6 million barrels last week, the U.S. Energy Information Administration said. Analysts polled by Reuters had expected a draw of 2.5 million barrels.

Crude prices held losses after falling 3 percent in the previous session, with U.S. West Texas Intermediate (WTI) crude futures trading around $36.70 per barrel in early Asian hours on Thursday and Brent opening around $36.60 per barrel.

The immediate outlook for oil prices remains bleak, with some analysts like Goldman Sachs saying prices as low as $20 per barrel might be necessary to push enough production out of business and allow a rebalancing of the market.

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2015-12-29 09:43 | Report Abuse

Drop lo ......no hope liao .....Guys , let's wait it drop below 0.10 , then accumulate la .....now save your bullet !

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2015-12-28 09:48 | Report Abuse

Hibiscus always throw money to ocean but get nothing at the end ! Guys , bad news coming ......run run run fast fast !

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2015-12-28 09:46 | Report Abuse

2016 oil outlook: will an equilibrium price be found?

It's a story that dominated 2015, and now weary commodities traders are asking if it will stick around for 2016 too. 2015 was a terrible year for oil industry, with the crude sliding all the way to $35 a barrel, where it has hit a floor, of sorts. This slide despite continued unrest in the Middle East and oil fields coming offline as a supply glut persists.

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2015-12-23 21:57 | Report Abuse

In a Mideast upset by cheap oil, more crude may enter market

DUBAI, United Arab Emirates (AP) -- Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.
While some Gulf nations rest on ample reserve funds, embattled Iraq is desperate to scrounge up more money for its fight against the extremist Islamic State group as protesters demand repairs to its failing power grid. Contrast that to neighboring Iran, whose nuclear deal with world powers positions it to re-enter the global oil market and make long-needed repairs to its fields to increase its daily production.
The possibility of more supply entering the market has analysts already lowering their forecast price for oil into the next year. And even if the price rises, industry experts say U.S. production quickly could ramp up and keep prices low for years to come, challenging the power of OPEC.
"There's almost no way that OPEC can get the band back together," said Greg Priddy, the director for global energy and natural resources at the Eurasia Group. "You can't get prices rapidly back up ... because you'd get runaway growth in the U.S."
Fluctuating oil prices are nothing new to the Mideast, such as the drop in prices in the 1980s following the 1970s oil crisis in the U.S. This time around, as global prices have fallen by more than 50 percent since the middle of last year, countries like the United Arab Emirates, Qatar and Kuwait have large cash reserves to cushion the blow. Many in the Gulf also have diversified their economies.

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2015-12-23 21:54 | Report Abuse

Oil Collapse Sees Venezuela Burning Through Its Savings

Venezuela is running out of money as the cheapest oil in more than a decade saps its reserves.
As much as $12 billion of its reserves may be in gold, according to Barclays Plc, leaving less than $3 billion in cash. Venezuela has $5.2 billion of bonds and interest to pay in the next 12 months, and the collapse in oil means the spendthrift government of President Nicolas Maduro may now struggle to meet its $1.5 billion debt payment in February.

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2015-12-23 21:49 | Report Abuse

myob , you must be dreaming ! today up 0.005 , tomorrow down 0.01 ........many ppl bought 0.245 pun want to dump it lo , how can go up 3 sen ??....you self talk self siok only ....Inikaliok just shown out the truth ......will see it drop drop drop soon ....

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2015-12-22 21:58 | Report Abuse

Energy Aspects also expects the market to rebalance towards the end of next year but said in a report on Tuesday that "the pace of inventory drawdown will depend on OPEC output".

Lower oil prices have weighed heavily on the finances of OPEC members. Iran's draft budget for the next financial year starting on March 20 is 2.6 percent smaller than this year's.

Nigeria, meanwhile, expects a budget deficit of about 2.2 trillion naira ($11 billion) in 2016.

The weather provided a further bearish element as an unusually mild start to the winter in the northern hemisphere dents demand for heating oil.

BNP Paribas said the number of U.S. and European heating days had been 30 percent and 39 percent below the 10-year average since Dec. 7 respectively and that the number of days on which heating is required were expected to be 23-24 percent lower than normal until Jan. 4.

Russian oil output has reached a post-Soviet era high but Energy Minister Alexander Novak said in an interview with Kommersant newspaper on Tuesday that Russian oil production could start falling in 2017 if a tough taxation regime continues.

North Sea production from Britain and Norway is expected to rise this year because of new fields coming on stream and lower than usual maintenance outages, JBC Energy analysts said.

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2015-12-22 21:58 | Report Abuse

"The sentiment has been very negative, and ahead of the holidays people tend to close some of the speculative positions," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam.

Saudi Arabia, the world's largest oil exporter, said it had shot down a ballistic missile that was heading towards its city of Jizan, where a new refinery and oil terminal are under construction. Saudi Aramco said all its facilities in the area were "in safe and normal operation".

However, concerns about supply continuing to outstrip demand next year limited gains.

"We view the oversupply as continuing well into next year before rebalancing in the fourth quarter 2016," Goldman Sachs said in a report circulated on Tuesday.

"Our base case remains that the global oil stock build will on aggregate remain shy of storage capacity, although the storage buffer has once again narrowed."

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2015-12-22 21:55 | Report Abuse

myob , your average prices is 0.27 ....that's good , but Hibiscus prices will drop below 0.10 before 1st quarter , and I hope you can accumulate more , please buy more so that your average prices can be lower than 0.20 .....

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2015-12-20 11:09 | Report Abuse

This is what will happen when U.S. oil producers start to export
Nothing will change any time soon now that Congress has repealed a 40-year ban on oil exports, allowing U.S. producers to sell crude overseas. But the surprising change in policy—once strongly opposed by President Obama and fellow Democrats—could become rather significant when (or if) oil prices rise again.
With oil prices grounded near $35 per barrel—about 65% lower than the peak in 2014—many U.S. producers have cut back and some may end up going out of business. The break-even price for most U.S. oil producers is between $40 and $50, so there’s no incentive to sell oil overseas, or anywhere, if you’re going to take a loss on it.

The near-zero impact on consumers is one big reason Obama signed the law, which energy companies such as Exxon Mobil (XOM) and Continental Resources (CLR) have sought for years. Gasoline prices are low, and the repeal of the export ban is unlikely to change that. More oil will be flowing into global markets when Iran, which has been subject to sanctions, begins exporting oil again as the sanctions lift. Those low prices for raw crude are the main thing keeping the price of gasoline and other finished energy products low.

If oil rises above $50, however, the picture could change. And the higher prices go, the stronger the incentive will be for U.S. producers to crank up drilling and send the crude overseas. “With higher prices, U.S. producers would produce more again,” says analyst Mark Broadbent of research firm Wook Mackenzie. “In a stronger price environment I’d expect to see more exports and producers eager to ramp up prices.”

That sounds like it might be bad news for consumers, and an oversimplified read of cause and effect in the energy markets might make it seem that way. In reality, however, energy prices in the United States will be set by the global price of oil, which is set by worldwide supply and demand. If U.S. producers export more, it will be unlikely to change gas prices by much, even if prices are high.

That might sound counterintuitive, since it seems like the best way to keep prices low at home is to keep as much of the raw material as possible inside U.S. borders. Here’s the catch: Most of the U.S. oil is of the “light, sweet” variety, whereas most U.S. refineries are configured for heavier crude that comes from places like Canada, Saudi Arabia and Venezuela. Prior to the shale-oil boom—a phenomenon of the last 10 years—heavier crude was the main product available, so the companies that turned it into gasoline made the long-term decision to gear their equipment toward the product they had.

A few refineries have reconfigured their equipment to handle the lighter crude pulled from U.S. ground, but that’s expensive and risky, given that oil prices are so volatile to start with. And the construction of new refineries is fraught with costly regulatory headaches. So the majority of refiners still need the type of oil that comes from outside U.S. borders. The irony is obvious: The bounty of crude produced by the shale revolution has limited use as a domestic product.

Allowing those producers to sell light, sweet crude overseas, however, could reinvigorate the industry—but only if oil prices go considerably higher. If that were to happen, there would be a large new market for U.S. crude, which could generate an even bigger U.S. energy boom than we saw before prices plunged, beginning at the end of 2014. Gas prices would rise, because they depend on the global price of oil, but they’d rise even if all that light, sweet crude stayed inside U.S. borders.

The biggest losers, if oil prices spiked, would be U.S. refiners. Their margins would get squeezed as input prices rose and consumers cut back on the finished product, gasoline. Energy analysts are forecasting low prices for a long time, so maybe we’ll never find out what will happen when American oil hits overseas markets. But oil markets have a way of surprising everyone, and Washington may have unleashed more than it realizes.

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2015-12-20 11:06 | Report Abuse

Dow drops more than 350, stocks lower for week as oil slides

U.S. stocks closed sharply lower Friday as investors weighed low oil and economic data in the aftermath of the Federal Reserve's rate hike Wednesday. Options expiration also contributed to volatility. ( Tweet This )
With Friday's late afternoon decline in stocks, the major U.S. averages wiped out gains for the week. Trade volume Friday was the second-highest of the year.

"In the context of the Fed we've removed some uncertainty. There's still some uncertainty about earnings going forward and you're experiencing that with some volatility in market pricing," said Timothy Hopper, chief economist at TIAA-CREF.

The Dow Jones industrial average had its worst day since Sept. 1, closing nearly 370 points lower as selling accelerated into the close. Nearly all constituents declined, with Boeing (BA) and Goldman Sachs (GS) contributing the most to losses. Disney (DIS) turned lower to end the day off nearly 4 percent after BTIG downgraded the stock to "sell" from "neutral."

Read More Why stocks are down today

The S&P 500 fell more than 1.5 percent, with financials plunging 2.5 percent to lead all sectors lower.
The Nasdaq composite declined about 1.6 percent to close below the psychologically key 5,000 level. Apple (AAPL) ended about 2.8 percent lower.

"You can't dismiss the quadruple witching. It begins to affect market volatility and volume. You also have a backdrop for the market that has not been as healthy as you want to see it," said Quincy Krosby, market strategist at Prudential Financial.

"The market basically has been going back, reverting to where it was before (the Fed)," she said. Low "oil prices has been difficult for the market to accept."

U.S. crude oil futures for January delivery, which expire Monday, settled down 22 cents, or 0.6 percent at $34.73 a barrel for a 2.5 percent decline for the week.
The February contract settled down 21 cents at $36.06 a barrel. Baker Hughes said oil rigs rose by 17, after four straight weeks of decline.
The Dow transports ended more than 2 percent lower after hitting a fresh 52-week low in intraday trade.

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2015-12-18 09:55 | Report Abuse

Guys , be careful this counter , dun get trap....fund managers go to Holidays ......finished year end window dressing !

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2015-12-18 09:52 | Report Abuse

TOKYO (Reuters) - Crude futures fell in Asian trading on Friday as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure amid a global glut of oil that shows no sign of abating.

U.S. crude's West Texas Intermediate (WTI) futures (CLc1) were down 18 cents at $34.77 a barrel by 0104 GMT (8.04 a.m. EDT). The contract fell 1.6 percent to $34.95 a barrel on Thursday.

Brent (LCOc1) fell by 19 cents to $36.87 a barrel. It fell 33 cents to $37.06 a barrel on Thursday.

Both contracts are on track to post a third week of losses, with U.S. crude down 2.4 percent and Brent off by 2.6 percent.

WTI is less than 60 cents away from the low reached during the global financial crisis of $32.40 in December 2008, while Brent is less than 70 cents off its nadir of $36.20 the same month.

Market intelligence company Genscape reported an inventory increase of 1.4 million barrels at the Cushing, Oklahoma delivery hub for WTI futures, traders who saw the data said on Thursday.

That came a day after the U.S. Energy Information Administration (EIA) said crude stockpiles across the United States rose by 4.8 million barrels last week, compared with analysts expectations for a draw.

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2015-12-18 09:51 | Report Abuse

Myob , no la ..your hole is black , cos I used before .....wakakaka he hehe

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2015-12-17 19:55 | Report Abuse

myob , Sir ...I only interested in your back hole ...wakakakakak

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2015-12-17 19:27 | Report Abuse

myob , yes Sir , anything else ???