all O&G counters drop drastically... see ICON, TAS, ARMANDA, TgOff, Coastal..... not only barakah.... This barakah today even Kenanga issued a report "Like" with TP 1.75....
34 sen? you think all those contracts awarded to barakah are peanut, is it? no lah... now overall market no good, crude oil price drop mah... all O&G counters drop. Actually O&G counters drop, nothing to do with TAS, Armanda, Barakah, Tg Off, Icon... they are contractors mah... they don't sell oil, they bury pipelines, extract oil, etc... once contract awarded to them, they secure the profit... thus, crude oil price nothing to do with contractors. further, more contracts are coming to barakah...
even water counter like kps... also drop to 1.48.... this counter no good meh? no need to use water meh? sentiment no good mah... I think I will pump in more money to buy loh... MB issue so what? water is still water... need to drink, need to wash didi, need to flush toilet bowl... right?
i got trapped at the peak at the beginning of the year. then i bought again around 1.50 to average out. long way to go to breakeven. i felt tat my money is locked in this counter and not put to good use. should've cut loss few months back then. sigh :(
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....
sheep
3,849 posts
Posted by sheep > 2014-10-11 18:21 | Report Abuse
something bad cropping up. if not y prices going down and down. better avoid this counter...