Aiyoh, no need to correlate so much with oil. Everyday heard oil up oil up but KNM price no up. But end of the month later your petrol sure up, that i know.
Do not grumble only when price is down If you do nothing to buy at low ( grumbling is still alright if you take this course of action ), then you will have nothing to gain once price is back in strength
The plunge in Wti crude was the scariest from end Jan to early Mar, from $55 to $43. This period knm price jumps from 0.58 to 0.78 before it plunges to 0.625 as that time oil price was forcasted to break $40 and then to $30. But then oil makes U turn and up consecutively for 8 weeks to peak of $62 then consolidate to now $59 and during this period Knm consolidate to now 0.645, up only 2ct from 0.625. So u see when oil is going thru its scariest dive of $12 ($55-$43), Knm still can manage a climb of 20 cts. But surprisingly when oil do the reverse bounce up of $16 ($59-$43), Knm only climbs 2 cts. There is more to climb!
It is market sentiment on Oil price that is doing the trick. Once market is convinced that Oil will not fall back below $55 and will up and stay anove $60, Knm will rocket up!
OIl price usd 59.48 so have to wait for the first Q release end of May. Insider told me revenue drop quite a lot n net profit less 7 million compare 14 million last Q. Better run before drop back to 60 cents.
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....
sharizal78
323 posts
Posted by sharizal78 > 2015-05-11 09:28 | Report Abuse
wah brent oil green today....rebounce?