(06-02-2015, 08:01 AM)specuvestor Wrote: [ -> ]^^^ just to add a point: LED was also a 50 year technology but only recently we see LED general lighting. Not only was price of oil conducive but regulatory environment under Obama admin of cutting foreign reliance, and technological advances became conducive. Recently deceased George Mitchell was part of that breakthrough as chronicled in The Frackers
(05-02-2015, 11:04 PM)yewkim Wrote: [ -> ] (05-02-2015, 10:05 PM)thor666 Wrote: [ -> ] (05-02-2015, 06:46 PM)yewkim Wrote: [ -> ]The best is still buy solid OnG to ride the oil back up to 65$/70$. I believe Ezion will be close to 2$ if oil is close to 70$. Wish you all the best.
Hi yew kim,
Not to be offending, im geninuely surprised u consider ezion to be a solid oil and gas bet. They are highly geared. Amongst, I am vested in penguin and if u put a gun on my head, I may choose mermaid.
Could u share why you are in ezion, and to some extent erza?
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Your Mermaid is a very good choice. It is a sort of safe haven, as it deal moslty in shallow water. And it balance sheet is excellent, but I choose Ezion because of it liquidity. I do not have Ezra.
I agree with you that Mermaid is better than Ezion fundamentally. But Ezion will outrun Mermaid if oil head higher.
Tonight , i am glad that oil is above 50$, just as i has said in the early post.. this is bullish sign for now. Thanks you
Yew Kim is trader. He is looking for beta and not alpha which is obvious in his posts
I think it is ok to talk about TA here and there but TA without FA in the long run is a waste of time. Suggest TA posters at least have some FA attached to their post if there are going to continuously post on the topic (barring those once a while one-liner posts which doesn't even have TA )
(04-02-2015, 12:18 PM)specuvestor Wrote: [ -> ]In my personal experience trading without fundamentals will not get very far. TA is one of the catalysts one should look out for. But to trade just base on TA is a gamble unless one is taking advantage of some structural issues eg scalping.
If one's entire premise is just TA, I have yet to know anyone who does it successfully over the long run.
Currently, oil is trading a 51.83
I already clarify that I am both a TA and FA gal. If we are talking about a specify coy, then it is alright, if you instead on the FA( balance sheet and so on). But we are talking about crude oil.
Those article which are posted here taken from CNBC or news else where are already history. Market action is implying an oil price of 65$/70$ base on future stimulus and QE by CB. Have you not heard that market are always 6 months ahead of the real economy?
Market price action cannot bluff, and is too base on the law of supply and demand, neither can it be manipulated by any country or big institution.
Crude oil are traded in 1000 barrel per contract, if one keep buying and if there are really no demand, then he or she got to take delivery, will end up in deep hole.
You cannot just base on FA alone, TA can show market price action very clearly the law of supply and demand are in play. If TA is useless, then why SGX are conducting them to the public?
Just as in any martial art, it need a combination of hand and feet to win a fight. I have yet come across one that uses only hand alone or feet alone type.
Let not argue., let the market prove my point, market action is louder than words.
Last week , when i conclude that oil is heading higher, immediately i share here at 1 am. Please do not let FA blind you . By the time , when you read FA of oil is good, your counter will be in the sky, far from your reach. Market is pricing the FA of oil 6 month into the future.
FA and TA are both a good tool, neither can we say one is better over the other.
BTW, when I say TA, i am not just referring to chart , RSI, MACD and so on alone, these are but historical, already happen data and project into the future, assuming a trend or just plain guide, you can say it is as good as a bet. I am using deeper TA, which I don't think i can just simply put down in word over here to share. We study market price action in detail to arrive at the supply and demand .I am sorry that i cannot share , too complicated.
I believe we will see 65$ within the next few months or sooner.
Tonight, i believe we will see oil cross 53$/54$, just take note . You are not going to see 44$ again. The market has kiss 44$ goodbye for this year. Thank you.