KNM Drop Below RM 0.40

2009-02-28

KNM Drop Below RM 0.40

KNM just drop below RM0.40 close at RM0.37 on Friday. Look like the report did not bring any positive out come on the share price.

However I think now is the good opportunity to buy some KNM share to keep till end of the year because sure the black Gold price will go high again like what happen in Gold price now.

5 comments:

Elvis2020 March 1, 2009 at 3:31 AM: When comes to entry buy, i always read you recommendation. Double check with market situation. Nowdays, very difficult, even Warren Buffett also got it wrong. He is the world riches man and still got it wrong so relax my friend, we all in the same boat.
Elvis2020 March 1, 2009 at 5:05 AM: Heres another new we malaysians cannot ignore. Singapore may hold election this year rather than wait for 2012. The reason, economy will be in very deep recession, much worse than expected. Now, if our Singaporeans which are much smarter and advance know something worse is coming, then we malaysians should take stock. Economists called it 'slow train accident', yup we may be only 1/3 of current recession, not yet full blown. So keep your cash, stay sideline. I am very scare, things could get very ugly, pray to god i am wrong.
CP March 1, 2009 at 1:27 PM: Hi guys,

I don't really pray it won't be UGLY as I do sense it WILL be very ugly. So, I m sitting tight and planning to zoom in. At the moment, let us watch.

Perhaps I might be wrong, right?

TEH
Elvis2020 March 2, 2009 at 4:55 AM: As this financial fallout started roughly 6 months ago, i really thought that it will be a short term bump. But, looks like we cannot remain in DENIAL. The full force of recession already at our shores. Umemployment in Malaysia may jumps in coming months starting this March. Most probably in hundred of thousand. Palm oil and oil industry will not be spared. Thats why i am worried...bursa will drop drasticly maybe reaching 600 points or lower. We may be force to stay sideline for a very long time. For those who are cash rich, will be richer. But those in debts, may be in for a very rough life...
East Point Trading March 2, 2009 at 7:45 AM: Malaysia KLCI index still not bottom yet, I get some info from one of my friend in UNMO info me that the KLCI index will not drop and will short term go up to above 900 point during UNMO election because all the ketua bahagia need money and this is one of the ways to give money happen ever year.

I think KNM price will go up may be to RM0.45 due to KNM is one of the share had been speculated since last year by UNMO.

I did not know how true the situation is but I brought some KNM share on RM0.38 and plan to sale it out at RM 0.44 before 10 of March 2009

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