I know this one friend who only "plays" counters...
Daily, he monitors the trends and cycles, and he try to follow the trend.
By reading on news and business activities, plus the charts, and some wind, he can quite accurately play the cycles...

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Added on May 21, 2009, 12:13 amNite nite everybody and tata!



This post has been edited by teewan: May 21 2009, 12:13 AM

that have to be so pro one wo .... also have to take many news ..... i think more li hai than news paper ... not easy to do that ....

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Added on May 21, 2009, 12:15 amaiya ... me too wanna sleep liao..... good night .... and good lucks guys ...

This post has been edited by v-honda: May 21 2009, 12:15 AM

Lets introduce your friend to us, haha. Share share ~

Good Morning everyone, look like I'm most early to reach here today !

good morning peeps!

good morning to all..

Selamat Pagi !!

looks like a very quiet morning

this one is good wo ... ' selamat ' pagi

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Added on May 21, 2009, 8:54 amsafety morning

This post has been edited by v-honda: May 21 2009, 08:54 AM

Ya, DJ and most Asia market red now....so I decide to greet morning in Malay instead...

oh liao ... situation not so good wo ....

Down down down!!!


Darth Vader

yeah, downnnnnnnnnnnnnnnnn.........down.... , so I can pick up some

UP UP UP!!

wah top 3.. on my list KNM, Axiata and IOICORP

I sold Axiata and IOICORP oredi
last week, during the panic red mega sales..

This post has been edited by taikin: May 21 2009, 09:06 AM

Ya UP UP UP !!!

Wow....the war btwn Green and Red here oso quite fierce!!

Anyway u look at it, fundamentally nothing is supporting KNM at much above 0.80... Pls correct me if I'm wrong...

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Added on May 21, 2009, 9:12 amNot that I dun want it to go higher, but it would just be unsustainable.

This post has been edited by teewan: May 21 2009, 09:12 AM

What is the oil price now ah ? My chart hang

Of course, unless the coming financial results gives it a boost, then we'll see some sparkle.

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Added on May 21, 2009, 9:15 amUSD 61.52

This post has been edited by teewan: May 21 2009, 09:15 AM

Is the result out today or so?

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Added on May 21, 2009, 9:15 amonly thing is if results is not good, then.....

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Added on May 21, 2009, 9:17 amthis is the part i miss the Sharks

This post has been edited by taikin: May 21 2009, 09:17 AM

U might be right that above 0.80 doesn't look sustainable.

However looking at KNM pass performance as well as PE still less than 10, plus oil consumption will go up when economy recovers. Therefore I think it's a good time for oil company to expand now since other material cost is low eg. steel etc. It looks gloomy at this moment but I think the future is bright for O&G.

Same as Teewan, correct me if I am wrong.

The market is forward looking. If the worst of economy is behind us, the room to fall back to previous level is small. As recovery is the global theme now, more so for pro-cyclical sectors, a degree of optimism is what supports KNM now.

Make no mistakes, big companies are still slashing staff and losing big money. For KNM, with oil at USD60, the chance of getting contract resumption has improved.

Deflation is what might kill companies like KNM when price drops and moeny supply contracts. But this downward spiral has kind of run its full course and the right dose of money priniting has boosted the appeal of buying oil as hedge against inflation and any weakness in USD.

With oil at 55 to 65, it provides a platform for KNM to at least secure enough biz to avoid going bust. With raw materials down, 7.5 sen EPS if maintained, is not bad already for this year and next.

Without healthy contract resumption, KNM will hang around this level. The upcoming results will be important but more important is contracts and oil price which are barometer for KNM's future. If things stay quite, the share price will be quite dull too.