today i spend 90% of time monitoring and conclude that this share is under marked share by operator ! once they marked a share, they will start tabulate who the buyers. marked share normally will shoot up suddenly on a very good news favour to the share, in this case will be likely when arab n russia come back to meeting table sparkling a giant rally on oil price. i predict will b in early summer. i have collected ++ million from 3.5 to 4.5.still accumulate @4.5 but not sellers throwing this few days.
Either we will move onto a post-apocalyptic society or the stocks will make a comeback like every other crisis before this.
If the first one was to happen, there is not much difference between wasting your money on stocks compared to anything else. Even stocking on supplies will not help you on the long run.
However, if the markets recover, like they do all the time, then you would be buying the stocks when they cheap, making you a hefty profit. But this might require a long patience, and unfortunately not many people have that.
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut amid crashing demand. “[T]he Kingdom intends to increase its crude oil exports, starting from May, by about 600 thousand barrels per day, bringing the total of Saudi petroleum exports to 10.6 million barrels per day,” an official at the Saudi Arabian Energy Ministry said on Monday, as carried by the official Saudi Press Agency.
For those that are still on the side line, it's an opportunity to get at prevailing heavy discounted price. If you have the opportunity just buy and forget. Revisit after 6 to 12 months..
Oil fluctuation is part of the playing fields. In the last cycle, my Armada gave me 3 Digit ROI and provides opening for further investments in other Battleships..
If you not sure, continue to stay on the sideline and keep cheering for us who are already on board. Under current sentiments, we all needs some cheering...
This statement might be a bit bias because i already accumulate more than 8 million shares @3.5 to 4.5 sen and still collecting .But i can tell with open heart here this is may be the only stock in Bursa with no downside treat, Icon's right issue came at very unlucky n wrong timing. I only monitor icon when it crash to 3 sen and i without hesitation makan all the 3.5 sellers on that moment. To me this oil crisis is planned by 2 countries !! No body expected covid to become out of control also. For long term i thin icon is better than bat,genting, because icon got possibility to appreciate 300% in a year but not bat n genting !
Arab Saudi will finally back off from price off and flood the market with pumping more oil because this year Haji is postponed next year. So Arab Saudi income will be more effected. At last Arab Saudi will cut its crude oil production. just wait the news before OPEC Meeting media will play the news Arab Saudi will cut its production ..:)
* US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic. * The White House projected that the US could see 100,000 to 240,000 deaths from COVID-19, the illness caused by the coronavirus. * The losses came on the heels of the worst-ever first quarter for the Dow Jones industrial average. * Read more on Business Insider.
US stocks fell Wednesday after President Donald Trump issued a dire new warning about pain ahead due to the coronavirus pandemic. Trump told Americans to brace for a "very, very painful two weeks" during a press briefing Tuesday evening, adding "this is going to be three weeks like we've never seen before." The White House is now projecting that the US could see between 100,000 and 240,000 deaths from the coronavirus pandemic, peaking over the next two weeks. Right now, the US has 189,000 confirmed cases of COVID-19, currently the largest outbreak in the world. As of April 1, 4,000 have died of coronavirus in the US.
Here's where major US indexes stood at the 4 p.m. ET market close on Wednesday: * S&P 500: 2,470.50, down 4.4% * Dow Jones industrial average: 20,943.51, down 4.4% (974 points) * Nasdaq composite: 7,360.58, down 4.4%
Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. The losses came after the Dow Jones industrial average posted its worst-ever quarterly performance on Tuesday, slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March.
base on crude oil movement, let icon stable @6.5 sen first , and ppl can take profit then big rally again to 11 sen !!!! wah like that I can profit 700 k ho ho ho ho
very easy to understand, crude oil up 10% icon up 45% !!!! crude oil down 10% icon drop only 1 sen, i predict crude oil will have a minimum of 3 to 4 times up 10% and equal number downside trading but end result crude price will be US28 to 30 !!!! so you work out yourself what will b icon price IF crude go to us29 !!!!
if can stable at what i predicted of 6.5 sen for 2 weeks for some to take profit, the next move will be a real rally !!!!!!!!!!! The most important is urus harta last time heavy loss, this time bought 10.5 right issue loss again ??? tak bolih lah, die die also must window dressing to higher than RI price lah!!!!! simple as that, icon bolih ! urusharta bolih ! kita pun bolih ! sama sama bolih! Atm without password siapa pun bolih keluar wang !
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 357 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11693 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Cash_Is_King
101 posts
Posted by Cash_Is_King > 2020-03-25 10:08 | Report Abuse
Icon is good timing to accumulate now and keep. More and more good news being announce =)