Yep...too many other counters undervalue and safe... KIV banking, and few Ind Prod that less likely to be affected by recession/first to recover from recession...
This oil price battle has just begun. Anchovies will get crushed. When weak global demand coupled with extra production...It's not gonna look good...
at the moment, it's just too high risk. My estimates last time was based on oil price 50USB per barrel. Not 25-30 USD per barrel. At price price, most oil contract at risk when Armada's customer went bankrupt or contracts being impaired.
Need to see how this CEO and CFO steer Armada. Will come back when I see evidence of Armada able to survive.
========================================= bullrun1985 Ran Jao 87 already given up, he might go to another counter
At this price level, even a half sen move will be significant percentage-wise. The bottom probably hasn't been found yet, and there's that "Falling knife" matter. But the price is so tempting! It only needs to go back to last month's level and there's already significant profit.
I'm going to risk it and buy a bit tomorrow. Worst case, lose some money. But at least bought at a price much cheaper than what those investment bank ANAL-ysts recommended.
USA is currently facing the exponential curve (growth) of their Covid-19 infections n deaths ... This period could be as long as 2 weeks to 2 months ... More lockdowns are needed to contain the spreading of this virus ... Equities n oil price could be affected by the lockdowns ...
If we took 6544.10 as lowest for Dow and 29,568.57 as highest for Dow and average it up from year 2007 until the peak, it will give us 18,056.34. In my opinion, this is the very last of defense for Dow Jones which is coincidentally tonight the lawmaker will decide for their stimulus package.
While at the same time we also heard about USA and Saudi Arabia to forge an alliance to stabilize the crude price.
IT WILL BE INTERESTING DAYS AHEAD BEFORE END OF MARCH.
Hopefully by April, the 'curve' will be there for Brent and Dow Jones...
As for me, i am pretty confident DJIA wont break 18000 and Brent wont touch USD 20.
At the same time, take a look on the DXY Index performance after its reach 103 last week. It seems its a bit cool off. Hopefully it will go down to 97-96 level so that it will give a few dollars to Brent Oil..we never know ..always expect the unexpected..
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....
tkl88
8,712 posts
Posted by tkl88 > 2020-03-23 13:27 | Report Abuse
Dow Jones stabilised at 18,000 plus points & oil price stabilised around USD $20 plus ....
Great, now it’s the right time to accumulate O&G stocks and other record lowest undervalue potential good stocks !
Once Covid-19 announcement that been solved and DJI & crude oil price started to spike up, who sailang now will be making a big profits !