Bennylau27, possibility of KNM might break the 0.66 resistance is there. But, if crude oil drop like cow dung, well, life still have to go on. I'm aiming till end of year for the crude oil to go up if ....
As long you don't rush into buying or selling, you will be ok if you are patience and can tolerate the up/down movement. Invest wisely and don't be too optimistic.
According to my charts, well, slow upward movement is there. Still need to have some reservation when buying or selling. For me, I am not selling for now.
My Resistance 065, 066, 0675, support 0635 0620 for tomorrow.
Free warrant already over. Not worth chasing KNM now since no dividend is expected. Better buy China stocks like XDL, Msports which is far cheaper and as a laggard to China bull run.
Hi Orionpacific, initially I was trading for quick profit. Due to oil price dropped last year, all OnG counters's share price dropped like hell. Luckily, minimum paper loss. I dug around in the net, and tried to understand about OnG, in a way, wtf is going on. The more I dug deeper, well, now I am in for medium to long term on investment and continue buying and selling to reduce my cost. Subscribe the RI + bought extra OR + addition excess RI
About KNM, read some recent announcement and news, well, this company venturing into more energy type of market. Solar, gas, bio, and etc. They are in a process of reducing their debt (hopefully). Gas + coal, both are fighting for the market.
Orionpacific, long story into a short story, I am in for medium to long term until I need the fund.
The above nonsense is just a none sensible words thinking from a thin air. I need oxygen. ;)
free warrant is 2 for 1. so profit is not 40%. assuming your subscribe 500 lots at 0.16 plus conversion 0.50. your cost for 1 mother is 0.66. and you get 250 lots free warrant say opening price same as warrant A now. 0.18. Mother now is 0.68. Your total investment cost is rm33,000. Price as of now is mother rm34,000 + free warrant rm4500 = rm38500. Hence your gross profit is rm5,500 . which translate to around 16%. correct me if I'm wrong.
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Demand for oil will be higher this year than previously thought, according to new forecasts from the International Energy Agency (IEA), released Wednesday.
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Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since U.S. officials began weighing output in 2013.
The projected production drop is small, just 1 percent. Yet investors took note, pushing oilfield stocks to the top five spots in the Standard & Poor’s 500 Index on Tuesday, led by rig operators Ensco Plc and Diamond Offshore Drilling Inc. The decline lags the idling of rigs because of a backlog of already-drilled wells that have gradually been coming online.
bennylau27, you're getting better. Look at the vertical green bar on top chart 2nd graph. It means, price passed > 80% of the BB moving average to the top band. Overall, look like a Bull. Cheers.
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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....
skylifttoptoptop
4,002 posts
Posted by skylifttoptoptop > 2015-04-11 09:58 | Report Abuse
monday up up