the oil chart has the positive no on bottoming. at best it is attempting at bottoming process.
have u heard of Oil and Gas company fold? not yet.
a proper bottom of any industry has to see M&A. so far none.
if the chart is any indication, oil may rebound near 40 and then go below 20. its a long process this time.
what u r seeing now is the Mega short covering of everything from stocks to oil to currencies. once this is over, there will be another new chapter to deal with.
my 0 cent opinion, if u dont agree, no need to shoot me. go bang the walls.
Perhaps now I can understand why there is a sudden turn around in oil prices not due to bear rallies but intend for good.Accidentally I came across an article by Jim Paulsen saying from history oil price plunge has always cause US economy to recover strongly and core inflation to be up instead of down and interest rates has to be hiked due to that reason.only .25 basis pt already cause havoc and US cannot afford that hence they are pushing it back up!
Another thing is those capital flight due to rate hike would never back to em again even if fed delay hike or eliminate hike. It wil only come out when fed do qe.
i agree on this. capital outflow is inevitable as long as rate hike is on-going. we're going to suffer for high USD for awhile - definitely, I am seeing 4.8 at least.
Ai yo,forum is for discussion only why personal attack?No one really can see the future except perhaps the feng shui master yet he can still be wrong,lol! Only TIME will tell whether you are right or wrong,so don't be so offended.If you are wrong,so what?No one can be right all the time and we are all guessing all the time even with charts or even based on your fundamental assessment as something can just change overnight unexpectedly and everything changed again! Nothing in this world is permanent!
For me it's not easy to trade this market.Once bet heavily on counter that is against you,one cut could have a deep cut into the accumulated gains.I am trying to minimise that and careful,Though careful sometimes also kena !
My wife only buys shares, never sell shares. And she buys only when there is a crisis and she makes tonnes of money.
So I ask you, is there a crisis in Malaysia right now?
The answer is of course there is a crisis in Malaysia right now.....so, the obvious conclusion is that this is as good a time as any to buy shares.
Then the next question is what shares?
The answer is obvious to all forum members.
Just keep a small portfolio of KYY recommended shares for the next 12 months, don't look at it.....I bet it will give you 20% return minimum. A portfolio of 5 good shares is actually very safe one.....of course CFAs and professionals will recommend a portfolio of 10 shares to be safer.
Desa your wife is very smart n sounds like an ultimate buy n hold strategy. I wpuld say theres an oil crisis in malaysia now. Contrarian will buy into oil n gas now but of course like cfa charterholders would say always diversify...
My wife has held stuffs like Maybank, Public Bank, KLK , Tenaga, Genting for ages and ages....looks like it will finally go to the children. Recently I asked her to buy Scientex at $9...she will be keeping Scientex for the next 10 years.
yeah...she says she wanted to buy Oil and gas counters and asked me to look for her. I say NO...don't touch.
Wow now that is really rude. Gray if u dont like desa just ignore him why bring his wife into the picture with such comments? Come on man. We are all civilised ppl not some animal from the jungle
have you ever seen a headless chicken super investor? no....because, stubborn and right....big wins, stubborn and wrong, big losses. headless chickens, gets into people dinner plates.
"what u r seeing now is the Mega short covering of everything from stocks to oil to currencies. once this is over, there will be another new chapter to deal with" -Gray. 23jan2016.
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....
Posted by gray > 2016-01-23 17:56 | Report Abuse
the oil chart has the positive no on bottoming. at best it is attempting at bottoming process. have u heard of Oil and Gas company fold? not yet. a proper bottom of any industry has to see M&A. so far none. if the chart is any indication, oil may rebound near 40 and then go below 20. its a long process this time. what u r seeing now is the Mega short covering of everything from stocks to oil to currencies. once this is over, there will be another new chapter to deal with. my 0 cent opinion, if u dont agree, no need to shoot me. go bang the walls.