If you've paid attention to previous bear markets, you'll recall that reversals tend to happen suddenly, unexpectedly, and often when it seems there's every reason in the world that they shouldn't. Markets are chaotic like that. What's more, by the time you recognize it as a true reversal you'll have already missed out on it.
I have no idea what the market will do tomorrow, two weeks from now, or a year from now. Neither does anyone else. It might reverse tomorrow. It might continue to lose value for the next year.
I'll leave you with a quote from Warren Buffett:
Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.
By the time you recognize the dark clouds are raining gold the shower will be over. If you’re waiting on the sidelines you’ll likely miss out.
Hence like I said earlier, it's difficult to determine when it's the best time. Opportunities does not comes too often. So when it comes just do what's the necessary..
Right now anything less than 15 sen is a bonus to grab my Arma..
@Mabel A lot of truth in this. Usually we won't realise a counter had turned around and moved in an upward direction until after it has already moved some distance. The price movements are jerky, not smooth, as seen from historical charts.
Remember the previous O&G crash from late 2014, and then the recovery. Crude oil recovered to as high as US$80+ before dropping to $60. The O&G counters had also crept up during this time. Not as high as 2014 but percentage-wise had provided good profits.
In the case of Armada, I see it like this: sure, it's possible the price might go down further. But at 0.125, this is definitely better than buying at 0.30. And it need to `only' go to 0.25 for 100% profit for us speculators.
Dow is resilient above 18000 and the most interesting fact these few days DXY Index behaviour which fall to 101 level after touch 103. As for me, will it follow 2017-2018 which we saw DXY Index fall 15 point from 103 to 88. Assuming 1 point give USD 1 per barrel, we will see an improvement for Brent Oil from now on along the way. Add on USD 10 as speculation, we will see about USD 25 per barrel for a year. So Brent oil will be about USD 52.. Thats realistic target for Brent and not USD 20!!!...
For those still hoping USD 20 for Brent, pray hard for DXY Index bounce back to 110 level or even higher 120 level..which i doubt it will happen.
paktua n all red stock troops decided to donate some fund for frontline n ppr poor fmly.. we decided to provided rm25m on this csr for community.. we will arrange with pihak berkuasa yg sesuai untuk menyalurkan kpda yg layak.. will see on media soon when we distributed..
tut tut also have duty to give back society.. we not bla bla groups
to who have good wealthy enough.. this our time to distributed back for society..
we also have duty for society not just make money for own sake.. be a good citizens.. we will get good karma back...
tut tut AK its your time to deliver back some your wealthy back to society.. put some donation at least couple millions to front line fighters..their deserve our money..
@paktua73 paktua n all red stock troops decided to donate some fund for frontline n ppr poor fmly.. we decided to provided rm25m on this csr for community.. we will arrange with pihak berkuasa yg sesuai untuk menyalurkan kpda yg layak.. will see on media soon when we distributed..
tut tut also have duty to give back society.. we not bla bla groups 25/03/2020 2:06 PM
Syabas and Well done Pak tua and the Team
Helping the needy is very commendable. No wonder you and your Red Trooper are doing great. You will reap what you sow.
Charity has also been on my agenda. Beside donation to NGO, I usually support orphanage and under privilege children. We even build a building for them. This year I have collaborate with a team of Doctors to build Clinic to serve the kampung folks somewhere in a remote village in East Coast. Today I did something similar to Tabung COVID-19 (NADMA) in my own little Kitty Way..
looks like DXY Index getting weaker and weaker ..thats good news for Brent crude oil..hopefully it follow previous trend from 103 level to 88 level..so it will push Brent crude oil price..
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....
freddiehero
16,722 posts
Posted by freddiehero > 2020-03-24 12:58 | Report Abuse
lets hope together..