BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

14,058,400


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

ProfitMan

2,094 posts

Posted by ProfitMan > 2013-12-19 15:58 | Report Abuse

cherry, i don't think you can call it a downtrend. It is moving sideways for the time being. Probably those very short term traders and contra players are clearing positions when opportunity arises. I believe there are still some more upside potentials to its price but need some time.

psd57

2,314 posts

Posted by psd57 > 2013-12-19 16:51 | Report Abuse

caven 101; I agree with u totally. don't come to this counter and be shit stirrer. Where is sklyte? He used to run down this counter, but now bleeding at hibiscus. Give constructive criticism which is welcome by all us investors.. Barakah will move up after all these contras r cleared, hopefully from next week onwards. When it moves, we will be surprised.

caven101

911 posts

Posted by caven101 > 2013-12-19 17:27 | Report Abuse

Don't worry just rest first...sure will recover

Posted by Malhi Diljit > 2013-12-19 17:33 | Report Abuse

Barakah has a very sound team , it would not be a surprise to see it moving higher.

Posted by Malhi Diljit > 2013-12-19 17:39 | Report Abuse

Investkaki I agree its a growth stock and has a lot of potential....another would be UMWOG , its on my watchlist.

Posted by investkaki > 2013-12-19 21:24 | Report Abuse

i don't remember deleting my earlier comment...my old age. Malhi Diljit, your choices look sound, I am comfortable with Barakah, i look forward to t4
and am confident 1-2 months time the prices at this level will be insignificant.

azfar8

971 posts

Posted by azfar8 > 2013-12-20 09:56 | Report Abuse

today might be opportunity if you want to buy barakah below 1.50... i dont think it will go down below 1.50 after this week...

calvintaneng

56,242 posts

Posted by calvintaneng > 2013-12-20 10:01 | Report Abuse

Azfar8,

Don't chase Barakah - already in Bubble Territory. Same scenario like chasing KNM. How many got burnt later?

For Year 2014 - Buy MUI Berhad (3891). 2014 Is VISIT MALAYSIA YEAR. MUI Berhad has hotel, tour companies, Metrojaya and other tourist products.

meena

1,072 posts

Posted by meena > 2013-12-20 10:16 | Report Abuse

Calvin nice move... to find people in the forum........to invest pmcorp/ mui....good

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 10:31 | Report Abuse

But next year, Visit Malaysia year 2014 will have a bad result.

azfar8

971 posts

Posted by azfar8 > 2013-12-20 10:50 | Report Abuse

calvin, i am not chasing, i just said buy if below 1.50... it is nothing if compare to KNM, KNM not so solid o&g player and also had been touch by syndicate....

Posted by jeffrey123 > 2013-12-20 11:49 | Report Abuse

hopeless....

psd57

2,314 posts

Posted by psd57 > 2013-12-20 12:13 | Report Abuse

Before one take cheap shots at Barakah, kindly try to know the management team and the people behind BARAKAH. It will trend higher for sure. Currently market is retracing on the whole due to the holiday season. Happy investing.

psd57

2,314 posts

Posted by psd57 > 2013-12-20 12:17 | Report Abuse

Whos comin here for VISIT MALAYSIA 2014!! Want to get mugged. The streets r not safe according to most countries.

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 12:56 | Report Abuse

so many sellers here, if all put high price, it sure will increase! But then, they are scared. =)

Posted by Malhi Diljit > 2013-12-20 13:11 | Report Abuse

psd57, I agree with you. The management team comprises of experienced people from the O & G industry. They will grow Barakah to greater heights in the coming years. Could break 1.80 soon.... I intend to buy some again today. It looks promising at this price.

azfar8

971 posts

Posted by azfar8 > 2013-12-20 14:14 | Report Abuse

well said mr diljit... if this counter is hopeless, so do the others....

step6978

275 posts

Posted by step6978 > 2013-12-20 14:28 | Report Abuse

barakah has good fundamental, dont scare....EPS, and ROE also very impressive, scare wad? but la people!

stock

155 posts

Posted by stock > 2013-12-20 15:13 | Report Abuse

onboard the train now...

micky92

759 posts

Posted by micky92 > 2013-12-20 15:14 | Report Abuse

Price now 1.47, tempting to go in ...price 1.44 will add more

cherry tomato

1,880 posts

Posted by cherry tomato > 2013-12-20 15:17 | Report Abuse

with QE tapering news out officially everybody also do stock clearing especially today is Friday.

Therefore like I said last 2 days counter is downtrend why hurry to go in so early as mentioned by Crawler.

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 15:18 | Report Abuse

hahaha...like what I said, this counter will dropped until RM1.00...sell it now!!

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 15:18 | Report Abuse

sell it before it dropped below RM1.00..hahahaha

KAQ4468

21,497 posts

Posted by KAQ4468 > 2013-12-20 16:13 | Report Abuse

noticed many beginner traders already start crying..
chasing the high and purchased above market price..now you will learn.

Barakah is good prospects..but now is market correction.. i'm happy to purchase at much lower price..

Ooi Teik Bee

11,481 posts

Posted by Ooi Teik Bee > 2013-12-20 16:17 |

Post removed.Why?

KAQ4468

21,497 posts

Posted by KAQ4468 > 2013-12-20 16:23 | Report Abuse

agreed..such a good opportunity to buy at much cheaper price..
i can see it can drop more deeper and possibility to touch back @ RM 1.300 price tagging ..depending on how crucial correction is.

t_w_t

9 posts

Posted by t_w_t > 2013-12-20 16:29 | Report Abuse

further correction coming in.

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 16:38 | Report Abuse

It's not correction! It's not a good counter!

Ooi Teik Bee

11,481 posts

Posted by Ooi Teik Bee > 2013-12-20 16:48 | Report Abuse

This stock is as beautiful as you are. Thank you.

hepitrade

5,290 posts

Posted by hepitrade > 2013-12-20 16:50 | Report Abuse

MR OTB, so u mean now is the best entry point 1.48?

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 16:51 | Report Abuse

hahaha..thank you..xD

hepitrade

5,290 posts

Posted by hepitrade > 2013-12-20 16:52 | Report Abuse

Bollinger band line intercept the latest candle stick... is a good sign?

joni

1,255 posts

Posted by joni > 2013-12-20 17:01 | Report Abuse

Yes, this counter has good potential.

hepitrade

5,290 posts

Posted by hepitrade > 2013-12-20 17:06 | Report Abuse

jump in 1.47.... hehe

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:09 | Report Abuse

Next week will be dropped too.

Qiii

166 posts

Posted by Qiii > 2013-12-20 17:09 | Report Abuse

Just re-jumped in as well. Seems like selling pressure for T+4.

Ooi Teik Bee

11,481 posts

Posted by Ooi Teik Bee > 2013-12-20 17:14 | Report Abuse

Next week will be dropped too.

Ans : Do you look at the chart ? Are you guessing ? I hope you are right.
Thank you.

hepitrade

5,290 posts

Posted by hepitrade > 2013-12-20 17:22 | Report Abuse

Mr OTB, frm the chart i cn see it won't rise that fast the price.. stil nid some time .. am i correct? Tq

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:25 | Report Abuse

It will be a long long low price, TP = 1.29

KAQ4468

21,497 posts

Posted by KAQ4468 > 2013-12-20 17:30 | Report Abuse

can heavily drop by next week.
if tonight Dow Jones closed in red , it's much better.

market consolidation is good to make it neatral back and start 2014 with discounted price..that's the price can offer us more profit..

i'm still remember SKPETRO @ RM4.30 and bagged 6 billion contract from Petrobras..in August..but falled to RM 3.20 coz of heavy correction a week after announcement..

Ooi Teik Bee

11,481 posts

Posted by Ooi Teik Bee > 2013-12-20 17:34 | Report Abuse

It is still an up trending stock. Are you sure the price will drop a lot ? Please do not frighten yourself. I am only worried that I buy into down trending stock.
As long as you buy up trending stock, you cannot lose a lot of money. It is always "win big lose small" for up trending stock. Please take note.
Thank you.

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:38 | Report Abuse

Mr OTB, are you serious? Let's see next week is up or drop? Downtrend is coming, NOT correction..LOL...will be below RM1.29 most probably if there is no good announcements.

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:41 | Report Abuse

Mr. Ooi, what I can comment about your "uptrend" stock is, WRONG timing! =)

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:42 | Report Abuse

if you talk about uptrend, you are wrong, please see how worse hibiscs now..barakah will be the same, but it slowly down only.

Ooi Teik Bee

11,481 posts

Posted by Ooi Teik Bee > 2013-12-20 17:46 | Report Abuse

This stock is breaking new high, cannot be wrong timing. I just worry that I do not have opportunity to buy cheap. I will stop here.
Thank you.

8u29song

2,850 posts

Posted by 8u29song > 2013-12-20 17:46 | Report Abuse

ya, next week will see some decline, but support will come in !

Another announcement on project winning from my source.

8u29song

2,850 posts

Posted by 8u29song > 2013-12-20 17:50 | Report Abuse

ya, today grabbed some (xxx,xxx) at 1.45.

For now, what counter to aim at if not O&G !

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 17:54 | Report Abuse

tomorrow will be lower than 1.45...Mr Ooi, it's a downtrend, because it's the end of "uptrend" and it reaches max price.

8u29song

2,850 posts

Posted by 8u29song > 2013-12-20 17:56 | Report Abuse

tomorrow ?

Euro and US are now having their x'mas rally.......

kingleecha

450 posts

Posted by kingleecha > 2013-12-20 18:15 | Report Abuse

Barakah is better than the management of Hibiscs, hahaha..Hibiscs always ask shareholders to donate money without giving any benefits...hahaha..invest a stable and safer companies like homeriz, tguan and prtasco if you are new investors. Surely they will cry then.. =)

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