No need 2018 , oil will hit 100 per barrel once any political crash at South China Sea after U.S. Elections by this year end . B4 that , KNM has possibility to hit 0.30 , a new low then only will rebound because the operators still not enough quantity . Everybody is thinking this already very low , holding n buying at the mean time . But don't be surprised once new lows coming ! Sell if cannot last , hold at u'r own risk . Me ? Held n buying .
Some more, oil price has another support issue . If US cannot raise interest by this year . There will be another reason to boost oil price . Well , as u guys said , oil price increase never help to boom KNM . So I just blow blow , don't mention it , Tq .
What is so good about this company? Despite its billion ringgit revenue for the last 9 years, its profit has been dwindling year by year. No dividend for the last 7-8 years. No wonder its shares are dropping. Based on PE, this company's share price is at historical high! More room to drop.
Yes, I agree .this stock actually facing downtrend movement . Rumors said the operator still not enough quantity . Sellers r holding not to sell much . That's y got a long term downtrend mayb further down to 0.30 then only rebound . People were thinking 0.40 is time to boost up. 期望愈大 ,失望愈大!
There's no reason for this share to go up. If it's up, its pure speculation. Good luck to speculators. Announcement of RM175m project clinched is not big enough for a billion ringgit company. I won't put my money in a company with deteriorating profit track record. Went in but have got out totally.
Yeah , b patience . Pls don't quarrel ! Look at the facts . KNM won't raise , same as BNM . V hv risk to further down , bcos operator still not enough volumes . Still owe about half from their target . Hold 3 yrs long term . I'll prefer very short term . KNM got quite bright future , just buy as much as u can same as my consultant taught me , buy @ 0.50 until 0.10 . It 'll rebound after new new lowS . Do a wills n pass to u'r son until u'r grandchildren . Eventually v 'll make Ringgit . Our currency is getting strong !
. oil price is near or very near bottom oil price may or may not spike/plunge today/tomorrow. so uncertain!!!!! someone is pushing down the price (not unusual in stock mkt) esp during high stock mkt volatility. while someone is trying to pick up downward as Woodswater said..till 0.10 (if it really happen). ask yourself...how much you wish to invest in knm have enough funds and within your set budget, pick downward with NO HURRY... end of the day, your avg price may end at 0.30!! if you have dumped in 100% of your budgeted fund for knm by now, you may not be happy! simply because you may see someone picking up lower while you can't... good luck!
In reading the above, at 12.30pm,...buyers are queuing to buy 11.36m shares at 0.400!! while 2.0m shares are willing to be sold at 0.405! think about it!
. not really i queue at 0.400 (since only 1.23% down) still observing if 0.40 can support if cannot, expect someone to push further down to next support level.
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....
mfbs
1,229 posts
Posted by mfbs > 2016-07-08 16:52 | Report Abuse
Knm the shit company