Jeng jeng jeng..dont play play and take out Iran vs USA risk from the table..this thing also can happen after COVID 19 pandemic..it can boost Brent price to USD 80-100..:)
@up88up Meow Mabel, good morning! Always looking forward for your comments. 05/04/2020 10:20 AM
Meow up88up..
Most people misunderstand, thinking that they must catch the "bottom" during the bear market. What truly matters is the multiple bull runs that come after a bear market. Being able to identify when a bear market has ended and reverses into a bull market. Capturing these post-crisis bull runs is the real deal..just like last Friday.
What I did was to release some of my Serba collections above 1.80 to reduce my holding cost. The remaining shares (which is still substantial) will only be released when it reaches my Wanted Position and I have not even touched my Serba Warrants which I have collected before and after Bonus and Right Issues.
Another reason is I wanted to strengthen my Plantation and Digital Economy Boutiques. We still need to feed more than 3 billion people over 200 countries and secure 5G readiness for the Global Population. Thanks to Serba, my OIl & Gas Boutique has now overtaken my Plantation Boutique in term of margin.
Sure Dow will plunge and we also know Dow will rebound as we progress. Many are saying we are heading for downtrend, low can go lower. Sure I hear that too not to go against what the market says. I only react REACT to it. If you do it right, it can still be a profitable venture ..
Wow, Fantastic ! Morning session Armada closed at 0.18 (+0.015) (+9.1%) like that today Armada definitely can closed at 0.30 (+0.135) (+81.8 %) liao lah ! Keep it up Armada !
1. China today plan to buy all the oil for its emergency reserves 2. Saudi Arabia and Russia would ultimately agree on production levels because low prices are “obviously very bad for them 3. Trump could impose ‘very substantial’ tariffs on oil imports, but doesn’t think he’ll need to do so
You know how fast China can build storage tanks! Maximum ootput now. They hv been planning to increase reserves fr few years. Now its become more urgent xause of cheapsale!
Oil prices pared losses in early morning trading on Monday after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh are “very close” to an oil deal.
International benchmark Brent crude futures turned around, erasing earlier losses to rise 0.12% to $34.15 per barrel. U.S. crude futures pared losses but still remained in negative territory, dipping 0.56% to $28.18 per barrel.
“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” Kirill Dmitriev of the Russian Direct Investment Fund told CNBC’s “Capital Connection” on Monday.
Believe the OPEC + plan production cut will rope in USA. This will have greater impact on the future oil price as in the past USA is not part of OPEC +!
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....
Friendship
1,615 posts
Posted by Friendship > 2020-04-05 20:41 | Report Abuse
It’s almost certain there will be a cut, the meeting is delayed so that more Negotiations and arrangements can be made.
It’s better than have meeting and then no conclusion. So delaying the meeting is a good sign.
Buy on any sell off. Actually market already profit take on Friday since opening so I don’t think selling pressure will be great tomorrow morning.
I’ll collect more if it drops....