Posted by nazrzach > 2022-06-23 10:05 | Report Abuse

@bobaxelrod,
1 5199 completed acquisition by full payment late in Feb '22. If i am wrong, sorry.
2 Biden will have tough time to get US Congress to put price cap on crude oil as midterm election is near. His popularity rate is rock bottom. Only 11% approval rate. Market forecast Democrate will loose US Senate to Republicans.
3 Recession. I strongly believe only US and EU will have to face recession with 50% probability by next year. Many doubt this recession will affect the rest of the since Russia and PRC just launch BRIC economic cooperation between Brazil, Russia, India, Chinese, Indonesia and others.. The rest of the World now leaning more to the East for opportunities, new trading currencies, new trading route by air/sea/rail
4 Swiss bought Russia Gold Reserves worth EUR300bil recently.
FYI.

Posted by BobAxelrod > 2022-06-23 10:14 |

Post removed.Why?

Posted by pang72 > 2022-06-23 10:45 | Report Abuse

So, prepare 75c?

Posted by pang72 > 2022-06-23 11:12 | Report Abuse

I tot will go up to 1.90 per IB target, who's know the other way...
Adui... Rugi rugi....

Posted by rr88 > 2022-06-23 11:29 | Report Abuse

Oil in downtrend. You wake up tommorow you see oil drop another 7 dollar to 102 while you sleep.

What do you think will happen to hibiscus in tommorow's trade?

Stay away fr hibiscus today.

Posted by rr88 > 2022-06-23 11:31 | Report Abuse

Pang. I told dy at 1.48/1.49 it was at its peak.

Now i tell u it will come down to 0.70 - 0.90 to sleep there for a year.

Posted by witan > 2022-06-23 11:56 | Report Abuse

@rr88 this guys keep badmouthing hibiscus day in day out. lol if u dont believe in the stock why bother posting here. I see you keep promoting Hengyuan. Lol kinda ironic is it?

Hibiscus is to keep long term till at least next quarter. Yes I do believe hibiscus will stay at around 0.90cents range without their Repsol acquisition. But with Repsol, their daily oil and gas production will be tripled easily

Posted by derrtan > 2022-06-23 12:04 | Report Abuse

hard to believe drop until this level...

Posted by VTrade > 2022-06-23 12:06 | Report Abuse

Zach, inform us if suit to buy.
Time.
So many idss ai…

Posted by kahhoeng > 2022-06-23 12:29 | Report Abuse

bought some at 0.945 with sweating hands...

Posted by VTrade > 2022-06-23 12:34 | Report Abuse

1.02-1.00
Saw many volumn
Hmm…

Posted by rattynz > 2022-06-23 12:36 | Report Abuse

Disappointing thing for me as a long term value investor is that hibiscus management have remained largely silent while RM1.2 Billion has been wiped of shareholder value over the last month. If you want to change the sentiment you need to managed the PR and positive news.. Still haven't seen their June investor presentation. They could have released that together with confirming their May offtake figures.. But instead we are left to ponder and wear the downside.. Disappointing to see.

Posted by nazrzach > 2022-06-23 12:45 | Report Abuse

Dear All,
I hate to say this. I made a formal complaint to SC regarding this. Bursa revert and informed me that they have short circuit in place but obviously, IB, shortsellers and bears found ways to go around it. What is happening now is against short selling ethics and fair stock trading.

@phobe, @bigaxelrod & @Wendy,
Thank you for your valuable input. We appreciate them very much.

Here my tips to all. We have no clear indication where and when hibiscs found the bottom yet. It would be best we stay out of hibiscs for awhile until hibiscs shows sign rising again. Only then I suggest we averaging down.
Meanwhile, I also suggest we look elsewhere to make some earning.

Pls keep in touch.

Posted by VTrade > 2022-06-23 12:45 | Report Abuse

Everyone know after 94, 87 is support
Internal FA terpengaruh oleh external FA
Knowing keunikan hib
TA get hurt after drop from 2 days ago 1.04
Condition now sakit.

Posted by CurryBento > 2022-06-23 13:02 | Report Abuse

​Due to the hike in interest rate that causes Brent Oil price to drop, with addition to the current KLSE selloffs, Hibiscus is one of the stocks that has received a huge beating. Uncertainties, worries of recessions, possible lower demand for commodities, China lockdown, undoubtedly Hibiscus won't be able to survive on its previous support line.

Posted by CurryBento > 2022-06-23 13:02 | Report Abuse

We have seen about 20% drop in share price in the past few weeks, so the question now is, does Hibiscus still have potential to go up?

Posted by KingKong_Doll > 2022-06-23 13:37 | Report Abuse

Quite fascinating and amusing at the same time looking at Hibiscus share price. It is as if oil drop to $90. Even at $90, it still makes tonnes of money. Unless there is other problem like accounting matters. Anyway, let's see how it end.

Posted by VTrade > 2022-06-23 14:03 | Report Abuse

Yes , many try to find bottom, forget bout potential outcome
Good view and focus. @currybento

Posted by paktua73 > 2022-06-23 14:37 | Report Abuse

frankly say..
paktua see now rally more to c22 battle..
and call warrant war..
28june and 30 july..
so IB will push down below rm1.00 for some period..

so now is good time to bargains..
predict rally around rm0.78-0.995 until end of julay..




tut tut
renew own reload level..
now set on 0.88-0.92

Posted by CincaiBuy > 2022-06-23 14:46 | Report Abuse

Don't buy now reload when it hit 0.88-0.92

Posted by VTrade > 2022-06-23 14:52 | Report Abuse

Yes 88-93 is another safe zone
Anyway 94-99 still secure

Posted by derrtan > 2022-06-23 14:54 | Report Abuse

very likely is margin call

Posted by Phoebe > 2022-06-23 15:12 | Report Abuse

@Paktua73,
Let's do something glory in our lifetime. Get all your comrades and push it all the way up till those bank burst and pay thru their nose. Just like what happen to Gamestop.

Posted by nazrzach > 2022-06-23 15:26 | Report Abuse

@phoebe,
I agree. If this is IB works, they should do this to all of us just bcos to finance their warrants. This is wrong.

This forces me to take drastic action.

Pls click link below for your info.
https://www.linkedin.com/posts/nazrin-zakaria-1542599b_kuala-lumpur-hibiscus-petroleum-berhad-continue-activity-6945578784767012864-VBNv?utm_source=linkedin_share&utm_medium=android_app

Hope this works.

Posted by greenbucket > 2022-06-23 15:40 | Report Abuse

today volume is just absurd. better stay out from this counter first!

Posted by rr88 > 2022-06-23 15:55 | Report Abuse

=> 200 day mvg avg at 0.995 broken yesterday

=> 0.945 support established on 18 oct 2021 broken today

=> oil price coming down

Verdict: Stay away/cut loss

Posted by GoodBoy > 2022-06-23 15:56 | Report Abuse

Crude oil price going to collapse/fall to $60 per barrel ? ...

Posted by greenbucket > 2022-06-23 15:57 | Report Abuse

Short Sellers relentless attacking Hibiscus!. Retailers cant do much.

Posted by VFTRADER > 2022-06-23 16:04 | Report Abuse

Almost done??
U-turn from 0.93??
Take big-big oil barrel to collect...............

Posted by greenbucket > 2022-06-23 16:26 | Report Abuse

no end at sight, huge paper loss!

Posted by imvu > 2022-06-23 16:33 | Report Abuse

oversold , besok rebound ?

Posted by pang72 > 2022-06-23 16:34 | Report Abuse

Rr88 sifu,
You still got time at hibiscus? I tot you busy in your hengyuan

Posted by pang72 > 2022-06-23 16:35 | Report Abuse

Adui... 92c liao...

Posted by pang72 > 2022-06-23 16:35 | Report Abuse

Macam mana ni?

Posted by VenFx > 2022-06-23 17:19 | Report Abuse

Let it come, spartanians will line up and pushhhhhhhh ... kiki

Posted by nazrzach > 2022-06-23 17:26 | Report Abuse

Dont catch a falling knife. This falling knife is so strange. It keeps falling since 24thMay until today. CYPARK with cashflow problem only have 2 days falling knife. ATAIMS only one day and circuit breaker triggered.
If you sell now, you realised your losses. If you buy now, your losses will increase 2 fold or more since you added more no of shares in your holding.
There are times we trade and there are times we stay away. Pls look on other stocks and try make money to recover your shrunk holdings. Who knows in future, you will get your money back and we pray you will make more then.

Posted by treasurehunt > 2022-06-23 18:09 | Report Abuse

Operators are very smart in pocketing profits. Goreng until sky high and distribute their shares without stopping to trap rebound warriors and those who are expecting to dispose during the rebound. Plantation companies are good example in the latest version.

Posted by treasurehunt > 2022-06-23 18:13 | Report Abuse

No matter how crude oil price is bound to kanasai either due to Fed hike interest rates or recession. The first priority is to bring down inflation at whatever costs and recession is a secondary issue

Posted by BobAxelrod > 2022-06-23 20:11 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-23 20:15 |

Post removed.Why?

Posted by treasurehunt > 2022-06-23 20:22 | Report Abuse

Hiking interest is not able to crash oil markets... Yeah. See how when Fed hike to 5% to 6% couple with tapering. Oil prices not collapse but the whole share market also collapse lar. Lolz

Posted by VenFx > 2022-06-23 20:24 | Report Abuse

Poo ain't clearly out yet.

Anything can happen

Posted by kahhoeng > 2022-06-23 20:28 | Report Abuse

Brent, after peaking above 134 early March, has been trading between 100 and 110 from Mar 11 til May 20. After May 20, Brent began its rise again to reach a peak of 124 around Jun 10. Brent is still trading above 100 (around 110) but Hibiscus has acted like brent is sinking fast??? The last time Hibiscus traded at 0.935 is when Brent is trading below 90 (and before Repsol deal is completed?) around Jan 26.

Posted by BobAxelrod > 2022-06-23 20:35 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-23 20:39 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-23 20:45 |

Post removed.Why?

Posted by flyinv > 2022-06-23 20:46 | Report Abuse

Let it sinks further and before this CW expired, altogether henjut the mother price, this is the only way to efucate the shorties..Prepare ur bullets..

Posted by izoklse > 2022-06-23 20:48 | Report Abuse

walau wei continue to fall all the way from 1.4 something. Aiyo what happen la to Hibiscus.

Posted by kahhoeng > 2022-06-23 20:50 | Report Abuse

To me, Brent is trying to form a different trading band of between 110 and 120 from earlier band of between 100 and 110. Wondering if Fed's rate hike will bring Brent down below 100???

Posted by VTrade > 2022-06-23 20:53 | Report Abuse

@Zach , thanks for info and update.