100+ years of market history tells us that the best time to go out and scour the market for hidden opportunities is when the stock market has fallen hard. This War on Terror is a catalyst, all you need is to react to it..
In addition to Armada, I also collected another batch of HengYuan...
HengYuan was formerly known as Shell Refinery. HengYuan completed my shopping list for O&G Boutique. Right now I have the whole Oil & Gas Supply Chain Battleships covering Upstream, Middle Stream and Downstream O&G activities.
I collected few batches yesterday and another batch today. Thanks to current negative news, my average is now below RM 3. Last year she was trading at RM 6. Since all my Battleships are name after the ships in Pirates of the Caribbean, I'm going to call her Golden Yuan.
Studies have repeatedly shown that when panic selling occurs, many ordinary investors found the losses too much to bear and sell stocks, often at or around the market lows.
Oh My goodness, Oil price was unbelievable spike up to the sky high ! As at 4.35am, Nymex => $26.09 (+2.46) (+10.41%) Brent => $33.54 (+1.67) (+5.24%)
The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting. “The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters.
While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge. As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT. All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely. Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal.
A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus.
Expecting to have a good deal with OPEC +, should USA be Part of the cut, mid term prospect for Armada and other oil players looks solid once economy come out from Covid 19 impact.
come on let crash the 0.20 barriers today.. who miss to reloaded below 0.18 will regret soon.. paktua troops now enough with we have.. stand to hold until above 0.45..
we will never care all... we was beat down many time.. but.. we never give up.. we stand up each time we down.. we dare to fight.. if lost... let lost gigantic.. if earn let.. earn ultra...
Walaoeh, Oil price spike up like mad already ! It's definately indicating that the Opec + meeting will come out a deal of ouput cut ! As at 4.37pm, Nymex => $26.14 (+1.05) (+4.18%) Brent => $33.90 (+1.07) (+3.26%)
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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....
up88up
598 posts
Posted by up88up > 2020-04-08 22:19 | Report Abuse
Great news, last day to collect tomorrow before gap up!