Let it drops..I don't actually mine as I'm still on collection mode. Let's hope we can achieve 60 sen this round. The last 3 weeks, it failed miserably to hit even at 70 sen.
The problem here is most people are looking at WTI..meaning they are following news which mean following the herd mentality... The fact is Brent still holding, which our oil and 2/3 of the world oil standard, and that's very important indicator.
Mabel.. if my cost is 1.5 and no urgent need for money now.. will you advise to hold it for 6 - 12 months ..it is lower than prevailing price.. not sure how long it will take to pick up the momentum..
Media cook it to make people sell on this May WTI price. Now whole world boring, need some news to keep eyes ball. We should refer Brend, even worst we should refer WTI future Jun, which is 20 usd above.
@2kHunter. Be careful of other people's comment. Know thy weakness. Only you know your own position size and your average price. Everyone's different. Also, factor in opportunity cost. This is not Sun Tzu "Art of War" and Dayang is not a battleship. Instead, it is just a vessel and where it's heading will depends on many factors.
It's irony that she seems to be good in analyzing the intrinsic valuation of her shares and yet still needs her mama to constantly state to her the obvious.
The way she phrase her comments, she seems happier at the end of the day when one gives her a giant trophy etched with the word "I am Great" instead of capital gains.
It's irony that she seems to be good in analyzing the intrinsic valuation of her shares and yet still needs her mama to constantly state to her the obvious.
The way she phrase her comments, she seems happier at the end of the day when one gives her a giant trophy etched with the word "I am Great" instead of capital gains. 21/04/2020 3:03 PM
Touche isupertrader!
I'm just sharing what I know when the team are asking what I think. Sure Capital Gain is important. It's all about managing and mitigation our respective risk, the rest is technology..
done paktua elite squad reloaded at 1.19,1.18.. and last bath eat at 1.17.. will reloaded final later if hit 1.15-1.05 we red stock player..we never fear any.. we eat..we set..we hunt..we earn.. dare to buy or die try..
tut tut we play with own styles,play with own methods..
All go play condom stock , want play wear condom only play safe , meow cannot dead cat rebound , Meow jump to waterfall soon , TP for month May Dayang = 70 sen
Nobody wants physical delivery of WTI for MAY, and with storage options dwindling in some places, traders liquidated their positions, selling contracts at crazy discounts. With the contract expiring on Tuesday, nobody wanted to be left holding the bag. Unable to actually accept physical delivery, traders ended up paying someone to take oil off of their hands. Surely, some fascinating reportage will be written about the last guy that got stuck with an unwanted May contract.
OPEC and the other oil-producing countries agreed to cut 10 million barrels a day — about 23 percent of their production levels — in May and June,
What happen now.. US eat their own medicine, refuse to cut production..now too late already.. Saudi and Russia smilling big time.. while Opec have some opportunity to stop production before the thing in US, WTI happen...and TODAY, Saudi/Russia and EVERYBODY !! would drastically cut production to AVOID deep oversupply...
The problem here is most people are looking at WTI..meaning they are following news which mean following the herd mentality... The fact is Brent still holding, which our oil and 2/3 of the world oil standard, and that's very important indicator.
Oil price movement is short term. We have seen how serba secured new project worth Billions only few days ago. Oil price has little impact to Serba or Dayang project. .
If anything, it will impact on the upstream Battleship like Sapnrg, Velesto, Reach, Hibiscus more as they are reliance heavily on oil price. Fortunately, my holding on the upstream is following the 80/20 rule.
80 is on Downstream which is less impact on oil fluctuation and 20 on upstream and middle stream which are affected.
So those that are posting better do your homework first before barking into this forum with negative comments..
Remember the word "Grace".. that I shared earlier?
@paktua73 done paktua elite squad reloaded at 1.19,1.18.. and last bath eat at 1.17.. will reloaded final later if hit 1.15-1.05 we red stock player..we never fear any.. we eat..we set..we hunt..we earn.. dare to buy or die try..
tut tut we play with own styles,play with own methods.. 21/04/2020 3:45 PM
Always trust your instinct Paktua..
You are dong great and I have a lot of respect with what you do..
havent join yet, just wandering around while keeping cash.. heartache looking some rebound almost 50% and miss the uptrend... but still confident another opportunity will come
has said before the peak will be in april when all the surplus oil loaded to market.. here it comes __________________ Mabel Panda when are you joining this ship?
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....
Mabel
24,087 posts
Posted by Mabel > 2020-04-21 13:32 | Report Abuse
Let it drops..I don't actually mine as I'm still on collection mode. Let's hope we can achieve 60 sen this round. The last 3 weeks, it failed miserably to hit even at 70 sen.
The problem here is most people are looking at WTI..meaning they are following news which mean following the herd mentality... The fact is Brent still holding, which our oil and 2/3 of the world oil standard, and that's very important indicator.
Meow..