Posted by blackul66 > 2015-08-11 08:44 | Report Abuse

yeah, no way it will go down in a straight line right.....

Posted by nice1 > 2015-08-11 09:48 | Report Abuse

I guess just some minor rebound today

Posted by oasischeah > 2015-08-11 10:20 | Report Abuse

M'sia KLSE seems like no strength to sustain the rebound.

Posted by don_buy > 2015-08-11 15:29 | Report Abuse

now. Below RM 1 safer.

Posted by don_buy > 2015-08-11 15:32 | Report Abuse

EPF has stopped buying since more than 1 month. Can retailers buy to support if FF sell?

Posted by blackul66 > 2015-08-11 15:37 | Report Abuse

only consider to buy next year for O and G counter, but of course if you don't mind being stuck you can buy at any levels you like

Posted by genesis81 > 2015-08-11 23:48 | Report Abuse

Who wanna get stuck now? So many big caps at discounted price compare to last few months.

Posted by daniel119 > 2015-08-12 10:04 | Report Abuse

1.08 !!!

Posted by supernova > 2015-08-12 10:06 | Report Abuse

fuhh, so fast

Posted by cck8999cck8999 > 2015-08-12 10:14 | Report Abuse

SATU MALAYSIA , RAKYAT DIUTAMAKAN , JANJI DITEPATI , ARAH KE WAWASAN 2020 NEGARA MAJU.

Posted by supernova > 2015-08-12 10:15 | Report Abuse

one day 6% drop, soon will become 50c stock

Posted by nice1 > 2015-08-12 10:25 | Report Abuse

soon penny stock liao

Posted by supernova > 2015-08-12 10:52 | Report Abuse

now i hate toyota

Posted by Guijc > 2015-08-12 11:14 | Report Abuse

it is really a big hole burning on those who still holding this share

Posted by Zakhirudin Ehwan > 2015-08-12 11:15 | Report Abuse

mati lor

Posted by Zakhirudin Ehwan > 2015-08-12 11:38 | Report Abuse

I am the one who still holding this stock since bought at average 4.185..headache

Posted by GoldenShares > 2015-08-12 11:53 | Report Abuse

wow, how many lots u hv ?

Posted by mytrd > 2015-08-12 12:06 | Report Abuse

Really salute you , can hold so tight especially at higher price. Can consider to average down with current price if got money to hold for few years.

Posted by 3stan > 2015-08-12 12:11 | Report Abuse

Can buy a lot now compares to 2 mths ago...cabut and buy at lower price...

Posted by BLITZRIEG > 2015-08-12 12:32 | Report Abuse

Just watch the price drop below 1.00.......hold your money

Posted by supernova > 2015-08-12 12:32 | Report Abuse

my horse is banging to go in

Posted by blackul66 > 2015-08-12 12:41 | Report Abuse

wait until the truth comes out, no contract extension , and no new contract. Probably you can buy cheaper that time. Remember no upstream capex revision for petronas yet......

Posted by 3stan > 2015-08-12 13:45 | Report Abuse

Can go down to RM0-50 level or not...wait patiently...

Posted by oasischeah > 2015-08-12 15:51 | Report Abuse

Heaven knows what happen to Malaysian shares. Free fall every day.

Posted by supernova > 2015-08-12 16:16 | Report Abuse

its a fun experience

Posted by GoldenShares > 2015-08-12 16:19 | Report Abuse

waiting.............. : )

Posted by Ong Lie Chin > 2015-08-12 18:01 | Report Abuse

Everyday you saw umwog...it is new.....new.....LOW......yhaoooo

Posted by Ong Lie Chin > 2015-08-12 18:02 | Report Abuse

Another knm

Posted by Zakhirudin Ehwan > 2015-08-12 22:05 | Report Abuse

Thanks onetonneman..

Posted by Mat Cendana > 2015-08-13 01:51 | Report Abuse

@Zakhirudin Ehwan If your average price is at 4.18, and especially if you're not too desperate to use the cash, maybe it's better to just let things be and hold on. True, there's always the possibility it might go even lower (as if this isn't already ridiculously low enough!). But then this kind of possibility is also present with any other counter. My thinking is, if you had held on all this while despite the painful slide, why only now? Why not earlier when the realised loss would have been less?

I agree with @onetonneman's main point above. Looks like you are the investor kind, not speculator or trader (like me, most of the time). You had bought due to being convinced by its business and potentials. Unfortunately, the crude oil landscape had changed. But I believe it's cyclical. We have seen this before. The only issue is when things will at least stabilise somewhat.

A lot will depend on how the top management handles things. It's their problem and responsibility. When the share price starts to improve, it's a good idea to average down the 4.18. But only when you are reasonably confident it's on an uptrend. You can ask a few people here to help with this when things are better. In the meantime, no need to follow the price too closely. Certainly not via the trading screen of second-by-second blows. Just live life, and let events happen over time.

Posted by Mat Cendana > 2015-08-13 02:01 | Report Abuse

By the way, one method to average down while not having to put up too much cash is via the structured warrants. Just be aware of the risks and things like expiry date, premium etc. But this will only work when UMWOG is moving upwards, and there's momentum. Get it wrong and the loss in percentage terms may be significant. But of the stars align, you'll bless these warrants' magical powers :-)

Posted by Mat Cendana > 2015-08-13 02:02 | Report Abuse

"But when the stars align..."

Posted by raymondanoh > 2015-08-13 02:14 | Report Abuse

No doubt this counter worthwhile to invest for long term but the question at what price is good price to start accumulating.o&g sector will never die. It seem to me it will break rm 1 tomorrow.

Posted by blackul66 > 2015-08-13 08:22 | Report Abuse

netonneman, you are not comparing apple to apple here, Schlumberger,Keppel, Coastal, Oceaneering, Baker Hughes are not drilling contractor. These are services, fabricator totally different animal with a drilling rig contractor. Compare with transocean, seadrill....etc, remember Hercules offshore is filling for bankruptcy, and hercules has been around for a while and a decent contractor in the drilling rig business, UMW drilling instead is just a small player depending on Petronas....

Posted by blackul66 > 2015-08-13 08:24 | Report Abuse

keppel has the last laugh because they fabricate a lot of the drilling rig and receive a lot of order before the slump of crude oil but the receiver will not be able to secure a contract.

Posted by Guijc > 2015-08-13 10:56 | Report Abuse

Anyone buying in today?

Posted by Ong Lie Chin > 2015-08-13 13:54 | Report Abuse

Huiyo....Up.....finally...let celebrate....

Posted by rockycleft > 2015-08-13 15:16 | Report Abuse

E

Averaging down today. Continue tml if drop more.

Posted by Abang Mad > 2015-08-14 00:05 | Report Abuse

tomorrow will fly back home

Posted by Risk Trader > 2015-08-14 00:32 | Report Abuse

Only tecnical rebound...tomorrow will down again

Posted by Risk Trader > 2015-08-14 00:33 | Report Abuse

Below 0.80 cent is good price to enter....

Posted by nice1 > 2015-08-14 08:23 | Report Abuse

there is still more rooms for downside in another 6 months if buz did not pick up and oil price remain below usd60

Posted by mehahaha > 2015-08-14 10:01 | Report Abuse

Still not the time buying in??

Posted by supernova > 2015-08-14 10:21 | Report Abuse

below rm1 i will buy to average

Posted by Guijc > 2015-08-14 10:26 | Report Abuse

It was really a trap yesterday..

Posted by GoldenShares > 2015-08-14 10:42 | Report Abuse

below rm1 is matter of time, : )

Posted by blackul66 > 2015-08-14 10:55 | Report Abuse

lol, people who bought on wednesday, must felt like a genius yesterday, ingat ini main tikam2 kaa?

Posted by BLITZRIEG > 2015-08-14 11:21 | Report Abuse

Hold your money.......let the stock down......bleak vision ahead in coming months ....no hurry

Posted by GoldenShares > 2015-08-14 11:24 | Report Abuse

wow. 1.01 already, no play play

Posted by adrian0229 > 2015-08-14 11:56 | Report Abuse

supernova...what is the price you holding right now?