petron is quite illiquid, so it is actually quite easy to manipulate. I still remember how it went up from 4 to 5 in matter of days then crashed like no tomorrow just days before results before went limit up. then when the price keep retracing from 6+ to below 6 then 5.70, everyone is like saying hold on tight don't sell, then the sell queue really disappeared until bid ask spread was so wide.
operator can play their own games but I believe give it enough time, they accumulate enough then the price will follow its natural course
But when the price move a bit, it become crowded again.
It should be the other way, when the price still haven't move that is the time the discussion & homework must carry out, when the is price moving then just sit back & relax !
the petron operator controls it with a tight leash, recent months always sudden up move, then quiet or retrace, people get tired, up again and repeat. my guess is it will wear down all the short term traders before making any major moves.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
逍遥子
805 posts
Posted by 逍遥子 > 2017-04-07 10:49 | Report Abuse
Brent oil price move up to US$56 just now.