With the spike in oil price, looks like profit taking on KNM is inevitable. Agree people?
Stock Market V41, OCTOBEAR vs OCTOBULL - Who's d winner?
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 Oct 15 2009, 03:47 PM
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Oct 15 2009, 04:08 PM
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QUOTE(protonw @ Oct 15 2009, 03:55 PM) Since crude oil is up, KNM should be getting better profits mar, am I right to say so? Therefore should hold for more profits than to take profit too early. yes to hold for long term, but i guess for institutional like EPF, u can see the amount of shares traded in the announcement.  They are holding 400 mil shares of KNM and selling 1 or 2 million to realize some profits when it's price spikes up is the best way to earn some income on short term basis, then they will buy back when the excitement dies down. They are in for the long term definitely but they also earn some when selling on strength...  |
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