Crazy volume today, more than 2 million.

So did someone key in a wrong order today or what?

AMFIRST seems weak while other reits are doing well.

Holy shit, CIMB still maintains their inflated TP as if nothing has changed in the oil market? Are they on crack?

Some good news for Petrobras, plus US is likely to be very green so very good chance of rebound tomorrow. But overall everything still depends on oil price.

http://www.bloomberg.com/news/2014-11-04/petrobras-said-to-win-support-to-raise-gasoline-prices.html

Anyway oil price dropped so low, when is Malaysian government going to drop back the price of RON95. That could be a nice boost to the rest of the local economy.

Luckily this means the US market is going way up and I have lots of US equities too. Helps offset my losses in SKPETRO.

Should be looking at oil price. Hopefully WTI won't drop below USD75.

Heh, CIMB furiously promoting. But everything depends on when the oil price will stabilize.

Quarterly report disappointing.

That seems unlikely. There actually was an official announcement. Volume is unusually high today too. Something seems to be up.

Strangely this news isn't causing the price to fall?

Seems that oil prices won't drop below USD80. If so, it seems unlikely that SKPETRO will drop below 3.0.

Down 15 cents yesterday and up 6 cents today is a strong rebound?

Yes, oversold but market is irrational and the psychological effect of not just falling oil prices but not knowing when it will stop falling is insurmountable.

Probably won't stop dropping until crude oil price stabilizes.

Shale oil reserves are probably overestimated. Their fields age much more quickly than traditional fields.

http://www.bloomberg.com/news/2014-10-09/ceos-tout-reserves-of-oil-gas-revealed-to-be-less-to-sec.html

Waking up?

Can't be helped if EPF wants to reduce its stake. Presumably at some point EPF will be happy with the stake it has and stops selling. Then this counter can start to rise. Note that it can't be considered to be continuously dropping. Overall it has simply been flat over the past half year or so.

Continue to drop after dividend ex-date. :(

Good news, but price drops?

Low volume though, compared to last week. Still got chance to spike up with high volume?

Hmm, everyday dispose of around 0.03% to 0.05%, about 12.3% stake left, so maybe 6 to 10 days of disposals to go?

Everyday EPF sell 2 to 3 million shares, how to go up? Have to wait until EPF has finished disposing.

Everyday also net disposals by KWSP.

Heh, AMMB so aggressive in pushing this counter. Three reports in less than a week?!?

Why are the sell volumes on this stock so high?

Hard to blame SKPETRO at the moment. Whole market is uncertain right now.

Today no power left?

Very nice half day. Most impressive thing is the convincing volume. I doubt that all are retailers. I wonder who is buying in.

Sellers out in force now.

Gigantic roadblock at 4.35.

Looks like contra players looking to make quick gains selling.

Good showing today but 1M+ roadblock at 4.17 shows that there are still sellers waiting I think.

Major bleeding today. What's up?

Low volume today. Big sellers haven't come out yet.

So I was thinking that the market is deep red, but SKPETRO is miraculously spared? And then it drops 2%...

Man, this stock keeps falling. What's up? Sunset industry?

Large seller volume appeared out of nowhere again! 800k!

The sellers went away. For a moment there the sell queue was over 8 million. I suspect many are still trying to dispose, but they don't want to move the market too much.

Oops, spoke too soon. Lots of sellers suddenly appeared out of nowhere.

Today seems like a good day for this stock. Higher volume than usual, strong buying queue.

Heh, down 1% today already. Will today be another 3% down day?

Someone wants to dispose of SKPETRO regardless of price...

I guess Seadrill really had a good reason for selling 230 million shares in April?

4.19 now. I guess you're not so happy now.

Looks like you were incredibly prescient to sell at 3.07. Sigh.

1 billion ringgit in contracts is nothing for this stock. It has over 5 billion shares outstanding, that's like 20 cents per share. And how much of that 20 cents is profit?

Heh, no chance. Now plenty trying to sell at 4.33 too.

Too little volume for now. Less than 1 million by mid day when the average volume over the past four weeks is over 5 million.