Don't sailang in one go as the worst is still not over yet..
One thing that we need is for the market to recover in V SHAPE mode. Than it will be something. If the recovery is slumber land..we will be in trouble...but historically if we compare to SARS..the recovery was so fantastic..it was V SHAPE recovery..
Currently, COVID 19 is about media headlines only..once the media change the mode to positive news such as vaccine found , China successfully contain the virus , USA successfully contain the virus , Europe successfully contain the virus then on top of all interest rate cuts aggressively by Federal Reserve mid March 2020, then market start to change its gear for positive mode.
Latest we can see Friday Dow Jones only loss 300 points compared to previous nearly 1000. That shows Dow Jones might going to be stabilize already.
For Crude Brent Oil, I don't think Brent will break USD 40. Normally, during USA Presidential Election, Brent will move within a band of USD 20 per barrel. Thus, assuming the support level for Brent Oil is USD 40-45, thus, beyond June until December 2020, the Brent Oil will have tendency to test USD 60-65 per barrel. That's consider V Shape recovery.
I hope Dow Jones will follow 2018 trend and not 2008. They just loss in 16 trading days in 2018 which if we calculated the period is over. Pray for the best. Dow Jones set the tune. Hopefully they will push back to 27000 level and above..
@Michael Kwok One thing,words of advice.If the monthly chart already overbought for a while with significant upward,please sold.That y chart is important. 09/03/2020 6:57 PM
@Mikecyc Haha better not listen to blower with 77 stocks .. just armada n VC oredi loss until wash naked to Singapore island with kon artist.. 09/03/2020 10:24 PM
Very interesting observation. Please visit the Armada Forum. There were 3 peoples washed naked to the shores sometime last year...
Studies have repeatedly shown that when that occurs, many ordinary investors found the losses too much to bear and sell stocks, often at or around the market lows.
@CharlesT all mabel's darling oil n gas counters went Holland badly today 09/03/2020 4:36 PM
Charlie dear..
*Serba Dinamik is the only beneficiary from Saudi’s plan for big oil output hike!*
Accumulate Serba Dinamik/Wa on the negative sentiment, particularly from retailers/individual. ONLY FOOLS WOULD SELL or MISS OPPORTUNITY to accumulate Serba at lower price.
Why oil price would not disrupt its earnings prospects?
1. Fundamentally, oil prices doesn’t correlate with Serba’s earnings prospects because the Group does MAINTENANCE jobs. In fact, given Saudis plans to boost oil output next month, it will need more MAINTENANCE to keep its plants running smoothly. This could create more MAINTENANCE jobs for Serba. FYI, most of their orderbook come from the Middle East.
2. Serba has an outstanding orderbook of RM10.7 BILLION, which ENOUGH to provide earnings visibility for two years. In fact, it can charting another new profit height this year!
The group’s highly ambitious FY20F order book growth of 50% YoY to RM15bil, implies aggressive new order wins of RM10bil (43% YoY) given a projected depletion of RM5bil.
*Management is positive on securing these additional job orders given rising opportunities in the Middle East, Central Asia and Petronas’ group-wide master service agreement amid the recurring nature of operation and maintenance activities, which accounted for 86% of FY19 revenue.*
On top of this, the group does not see any substantive Covid-19 impact directly to the supply chains of the oil & gas sector, given that the quality of China’s manufacturers for major turbines has yet to be recognised by Petronas and other oil majors.
@Mabel whn you r the mini-Bursa , where can you run in times of market collapse ? even when you run, you still have to say you r still in,take the long-term view Its no more fun being the mini-Bursa this yr, even your hustle wont help anymore, if world market continue to diarrhea. anyway, i dont believe you r Mabel the person, with 77 stks in your watch, it has to be Mabel the fund mgmt team/syndicate. too impressive to be real. still, good luck, dont like to see anyone lose.
Posted by FoolsGold > Mar 9, 2020 11:36 PM | Report Abuse
@Mabel whn you r the mini-Bursa , where can you run in times of market collapse ? even when you run, you still have to say you r still in,take the long-term view Its no more fun being the mini-Bursa this yr, even your hustle wont help anymore, if world market continue to diarrhea. anyway, i dont believe you r Mabel the person, with 77 stks in your watch, it has to be Mabel the fund mgmt team/syndicate. too impressive to be real. still, good luck, dont like to see anyone lose.
Now our cat lady claimed she switched to glove stocks......lol
ok lah i3 is a good place for many lonely retiree to pass their time....they can be anyone they wanted to be...they can claimed they bought as many co as they want
Go and check at Hartalega, Top Gloves and Kossan.. Come and join us. We are donating 18 million gloves to China to help them fight the Coronavirus. Cats included.
Than you certainly sell at the best price..I plan to HOLD my Top 3 Gloves Companies until this Virus is over.Today it's still on the uptrend. It's part of my way of saying THANK YOU...giving back to the World Community.
@faizal Mabel bro... you invest SCOMIES but johnchew5 Virus and Mikecyc Virus at SCOMIES bark bark bark 10/03/2020 9:03 AM
Faizal, I'm not a bro...
Mabel is a Sister...Fe-mine...A feminist ... someone who supports equal rights for women. ... The word feminist comes from feminism, which originally meant simply "being feminine," or "being a woman," but gained the meaning "advocacy of women's rights" in the late 1800s.
According to my Mum, the name Mabel means Lovable. In Latin the meaning of the name Mabel is: Beautiful, loving, lovable. Amabel was used frequently during the Middle Ages and briefly in the 19th century, and has now been largely replaced by the diminutive Mabel.
So be gentle to me...I'm not a bad gal...I'm just passionate in what ever I do...
because of this commotion can only get scomi energy @.075sen i.e 015sen before consolidation. morning trading till now is only RM10k bevause of this 1 or 2 guy market cap for this company drop to RM30million for a PN17 OIL COMPANY which has yet to show sign it is going to close shop.
if can buy at 5sen i.e 1 sen before consolidation the chances of making 100% profit is 75% making 500% profit at 25sen is 50%chance but time factor must be taken into consideration. 25 sen share price is the last price before consolidation.
very frustrating scomi energy share still dropping when. other oil stocks go up? BIG NO, hoping it will stay there if other oil stock keep going up n start mini collection. somehow they will do the catvh up.BUT ONLY CAN NIMBLE because syndicate won't let u win alot.
@lassy very frustrating scomi energy share still dropping when. other oil stocks go up? BIG NO, hoping it will stay there if other oil stock keep going up n start mini collection. somehow they will do the catvh up.BUT ONLY CAN NIMBLE because syndicate won't let u win alot. 11/03/2020 10:29 AM
Indeed lassy...I share your frustration
My Armada was up 13% yesterday and continue to rise another 8% today...
Most companies in the sector, especially those laden with debt, are not economically viable when the price of Brent crude falls much below the $50 mark.
When the price last plunged in 2014, Wall Street bailed many of them out - something it will not be likely to do this time around.
Already, there are warning signs
This oil shock will force Shale gas operators shutdown... no more bailout from wall street. Oil output from Shale oil expected going down with bank not willing to loan more money to them. End of Shale gas Boom.... Bright future for non shale gas players
still waiting for the remainder 0.065sen scomi energy shares, so happy to catch 2 lot this morning as for now Will buy more at 5sen and by that time i will incur a paper loss of RM3k compare to the 2 big shot with 18%,shareholding with a RM30 million paper loss
last minute sell a few lot at 6sen, market cap down another RM2 mill at RM28. million because of this few lots, WHAT A JOKE. let see can buy at 5 sen tomorrow.
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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....
apolloang
18,163 posts
Posted by apolloang > 2020-03-09 16:35 | Report Abuse
5 into 1 and now 0.08cts......netx soon 100 into 1.....hahaha