Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production.
The market took the price cut this week as another sign the kingdom is willing to use pricing as a lever to preserve its market share, rather than cut production in what is now an oversupplied market. Even if it was not the intention, some traders took the Saudi move as a sign the kingdom would like falling prices to slow U.S. shale production.
U.S. West Texas Intermediate fell sharply on Tuesday, dipping close to the psychologically key $75-a-barrel level, before closing at a three-year low of $77.19, off $1.59 per barrel. Brent fell along with it to $82.82 a barrel, the lowest settle since October 2010, after Saudi Arabia set a new price in the U.S. 45 cents lower than November's level.
Tradition Energy analyst Gene McGillian said the next technical level he's watching for WTI is $74 a barrel, and it's not clear how much further it will fall.

ban ban tan.com.my ........

Russia and Venezuela are two countries that are considered particularly vulnerable to a sustained fall in prices as their economies are highly dependent on oil. And because their costs of production are high and baseline budget plans are considered optimistic, analysts say they stand to lose more than, say, the Gulf states.

Lower tax revenue from the fall in prices could derail public finances, potentially prompting government spending cuts or tax increases that can hurt growth.

OPEC members are due to meet on Nov. 27 in Vienna, Austria, but investors doubt the cartel will be able to agree to any reduction in production quotas given Saudi Arabia's actions. That is another reason why oil prices have remained under pressure and why many analysts think this oil price retreat may be longer-lasting than a previous bout of weakness seen in 2012. a comment..

Russia and Venezuela are two countries that are considered particularly vulnerable to a sustained fall in prices as their economies are highly dependent on oil. And because their costs of production are high and baseline budget plans are considered optimistic, analysts say they stand to lose more than, say, the Gulf states.

Lower tax revenue from the fall in prices could derail public finances, potentially prompting government spending cuts or tax increases that can hurt growth.

OPEC members are due to meet on Nov. 27 in Vienna, Austria, but investors doubt the cartel will be able to agree to any reduction in production quotas given Saudi Arabia's actions. That is another reason why oil prices have remained under pressure and why many analysts think this oil price retreat may be longer-lasting than a previous bout of weakness seen in 2012.

That one penipu always said ...QA coming ...yes , is coming but is come after next 2 years la...!

after sharp drop recently , every stocks also harvesting $$$$$$$$ , not just this stock .....but analyst suggested not chase for this stock...too risky & ..NOT worthy also !!!

Cheik Kooi Tan , yes ...pls hold more and keep buying in , and also keep dreaming ......zzzzzzz

Callme777,won't be 0.00 , at least jadi 0.01 la , soon .....

That's mean habits goreng liao lo !!

Habis goreng ! Last person bought in , wish you good luck !

Good stock ?? I dun think so ! Good goreng only ! Keep buying until the last person will get trap !

dreaming ..ZZZZZZZ

Keep dreaming ....z..z..z...!

??? No more comment ! Share price will tell you all ??? Bye ! Bye !

moneyearner32 , don't try to bulff ppl and talk too much rubbish here , everybody hv the right to bring out what their thoughts in this forum , no matter good or bad , I just want to tell the true , and you said you'r not a big fish ...ha ..ha...who's know ??

Maneyearner32,I hv been in semicon industries for more than 40 years , global semicon industries augurs well not represented all types semicon industries also good in business , I just share my views and stock analyses in this forum , maybe you'r a stock specialist or analyst , but please remember one thing , current global economy change every moment , nothing is forever , or .....maybe you'r one of big fish try to hunt ppl here ?

unclejoe , unfortunately Penta was not making these kind of MEMS IC , I know better than you , as I know that 3rd quarter sale will be slow down , and the 4th quarter more worse , don't try to trap ppl buy in this counter !!

ahbeng77, see ...big fish already goreng habis , just left small potatoes like you still waiting somebody else goreng , no hope liao.......keep droping till 0.25.....

ahbeng77 , if like what you said loss 200k , I think you should be one of Penta director liao !!!

See , many ppl got trap lo , big fish want to goreng will let you all know first mek , too many ignorant ppl down there , should be down to 0.25 soon !

Holiday mood , I think drop below 0.24 closing today !

I will see ppl get trap soon ........

No QA recently , price should go down .....

Particulars of Director
Name Tan Boon Teik
Address 63 Cangkat Sungai Ara 3, 11900 Bayan Lepas, Penang.
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each
Details of changes

Currency: Malaysian Ringgit (MYR)
Type of transaction

Date of change

No of securities

Price Transacted (RM)
Disposed

08/07/2014

1,007,762

0.365

Circumstances by reason of which change has occurred Off Market Disposal
Nature of interest Direct

Next week will see it drop below 0.35 , so let's waiting buy in !

ya...ya...buy below 0.235 .....

next week will see it drop below 0.25......

next week will see it drop below 0.22 ........dun believe that one nincompoop !

next week will see it drop below 0.22 ........

Everybody , let's waiting at 0.20 then buy in ....soon !

Most ppl think that 0.26 is strong support point , now already drop below 0.26 , next week will see it drop below 0.235 soon .....

Most ppl think that 0.26 is strong support point , but I dun think so , next week will see it drop below 0.235 .....

I think this guy hold this stock average price above 0.37 , stuck there quite long time , that's why he always spread rumour , said somebody wan to goreng la , actually he wan somebody goreng over 0.37 , so that he can cabut lo.......

Asian stocks slid and crude oil scaled nine-month highs and today heavy volume will cause market correction for next couple of days , especially CLIQ-wa ......be careful !!

derrickinvestor , we all pointed out all your bad intention then you get angry ar ??You just like dog barking .....we want telling the true info. , not always try to trap ppl .

Agree with mime .....this nincompoop derrickinvestor always lure ppl buy in , so that he can run away ......

If you'r not stupid , who else ? Those directors hold their shares price lower than what you said , you'r the only nincompoop guy stuck in high price bought in ...........

derrickinvestor , do you think that those directors throw their shares will let you know first mek ?? No wonder you still stuck on high price buy in la , always ask ppl buy in push up the price then let you cabut ar ??

derrickinvestor already mistaken , he heard from radio India , actually was mee goreng la....ha..ha....

derrickinvestor , no point to argue too much here , let's see ............

derrickinvestor , you own die is OK , dun push other ppl , my suggestion is wait drop below 0.20 then buy in ............

I heard also , sorry ... but is goreng down ......down below 0.20 !

CLIQ insider said no qa recently , price should go further down below 0.20 soon ! Confirmed.....drop...drop....drop.....

CLIQ insider said no qa recently , price should go further down below 0.20 soon !

sure drop below 0.26 level..............

this round goreng already finished , will drop even more...............tankahban , you'r so cute !

sure drop back to 0.24......soon ....

Profit/(loss) before tax
-9,746

-2,630

-13,762

-3,895

will see ppl take profit from now onwards , this week big volume bought in , sure drop sharply next week .......

tankahban , you 'r right , I already accumulated up to 50.99% shares , I hope this stock can drop below 0.20 , so that I can sweep the remains 49.01% ......wakakkakaka.....