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2009-07-16

KNM A Oil And Gas Industries May Next Stop On RM1.10
























This few day share market bound up to new high for year 2009, KNM a oil and gas industries company also bound up back to above RM 0.80 major support line. The price may hits RM1.10 soon likely by this year end so if this few day price keep on around RM0.80 I think may buy when this share drop back a bit.

2 comments:

Elvis2020 July 18, 2009 at 4:40 PM  

I also tempted to buy this share, but i think to be on the safe side, try to buy when bad news are in the market. Dont worry, there will be bad news coming since US not out of the wood yet. I dont really believe that the worse is over considering the unemployment in US reaching new high every month. I consider the worse is over when new employment are created. But China is dont pretty well so do India and Indonesia seems to be moving forward in its domestic economy. Looks like Indonesia President is having a vision for his country, which may pose a treat to several industries in Malaysia. Malaysia may face a brain drain in coming years due to Indonesia rapid growth. But i feel sadden that Malaysia education system has moved backward due to political decision.

Durian Edge July 20, 2009 at 8:22 AM  

I also will wait till the bad news roll up before buy in into share market but this time I target warrant to hope make profit fast.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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