too many nibblers who don't mind burnt a bit here and there as the price will still keep going down as nibblers are trying their luck and hoping hoping for turnaround. good luck.
The problem is there is less demand for refined oil since the country is on lockdown. HY will run low of storage space if they keep on refining. Too much unsold refined oil now.
Walau all you fellas...so negative ..thinking 3 and 4... Just collect lar bit by bit and wait till good times come back !! One of you scared short sellers..another so smart talking about small timers nibblng.. Relac lar...now down time just buy bit by bit and wait till better times!!
i believe hy has better option because they can either sell their refined products to oversea or at least to china hq. petronm may be more trouble since their hq is m'sia.
I think most of hy products are sold locally. However, increasing crack spread and recovery of gasoline and diesel price will eventually push the profit margin higher.
short total on 2/7/21 was 2122500 and on 5/7/21 was 2118900 but yesterday price closed lower, meaning short seller start cabut and reduce their exposure ?
today is probably affected by short-term volatility, look at the volume, probably just a few panic sellers and quickly absorbed by someone ready to collect dip. pity those that sold low just to transfer their wealth to someone with greater patience.
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....
brian3381
1,888 posts
Posted by brian3381 > 2021-06-26 16:55 |
Post removed.Why?