I had noticed today movement that knm somebody keep offloading . most of o&g counters rebound today but knm still unchanged even high volume. Be careful
Tomorrow klse will rise to 1815. Then would be nice. Thursday to 1845. Ok.. checkpoint. Friday 1855. Bullish confirm. Next monday drop a little bit is ok..
Anyone asking people to buy KNM is rather disregarding the very facts that KNM is a very dangerous counter right now. It is not just an oil and gas counter that was badly bashed down because of oil price more importantly EPF and many fund are abandoning this counter due to the cash call ie Rights Issue. If anyone buy now, the investor will be diluted if he chooses not to subscribe the Rights or ready to sink in more $$ to a very dangerous sector now. There is a very big risk that KNM cannot launch its Rights because the current price is below its par value, then KNM is running into a big risk of repaying its bankers.
this post already predicted in february 2013. At first I also ignored it. I also think that it is impossible but now it becomes real. Next year ahead still dropping.
Buy pmetal is better while it is still low. Pmetal still have 3rd plant on going. Same size with 2nd plant. When the 3rd plant is complete on year 2016. Then year ahead cannot imagine. No news yet in newspaper about 3rd plant.
NEW YORK: Oil prices tumbled on Tuesday (Dec 2) after the Iraqi government and autonomous Kurds struck a deal that will boost the country's crude oil exports to an already oversupplied global market. from channelnewsasia..
Blame the saudis... always make ppl's life difficult nia. they're so rich that they can burn money to light cigarette n gold platted their cars.. throwing money at ppl's face etc... damn them = =
Saudis burn money to throw US shale producers out of business. If price continues falling, the US shale producers will eventually be forced to work OPEC on reducing output to bring up price. Saudis will be stupid to cut production now and allow shale producers to benefit at their expense. The time will come as many of the shale producers are pumping oil on borrowed monies. Who wants to keep pumping and suffer loss if indeed oil will fall to 50 USD ?
Hi guys, it is good to buy this counter shares at 46 cents as a few main players control the prices by accumulating the shares and pass these shares to u at higher as oil market is stable. They are the same buyers and sellers :). Don buy them at higher price like 50 cents ... Good luck!
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....
Terry Sinclair
180 posts
Posted by Terry Sinclair > 2014-12-02 12:16 | Report Abuse
Go up Yes.. but to a new low..still bad for biz.