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Post by zuolun on Jun 29, 2014 15:30:11 GMT 7
RH PetroGas — Trading in a rectangle; potential downside breakout 1st TP S$0.68, 2nd TP S$0.61, 3rd TP S$0.49RH PetroGas closed unchanged with a doji @ S$0.76 with volume done at 6.13m shares on 27 Jun 2014. Immediate support @ S$0.73, immediate resistance @ S$0.83.
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Post by zuolun on Jul 1, 2014 13:23:38 GMT 7
RH PetroGas — Trading in a downward sloping channel, potential downside breakout TP S$0.68, S$0.61, S$0.49RH PetroGas had an inverted hammer @ S$0.735 (-0.01, -1.3%) with volume done at 2.02m shares on 1 July 2014 at 2.15pm. Immediate resistance @ S$0.76, immediate support @ S$0.705.
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Post by zuolun on Jul 1, 2014 14:24:12 GMT 7
RH PetroGas dated 23 Jun 2014 — Why a single pin bar reversal candle failsLast Monday 23 Jun 2014, based on the major trend of RH PetrooGas, I saw a shooting star and posted my chart in a TA group discussion. Everyone corrected me that it was a bullish inverted hammer (potential bullish short-term trend reversal or a dead cat bounce). I did my basic TA lessons in Chinese language so I double checked what's the significant difference between an inverted hammer and a shooting star. A single pin bar candle requires confirmation of at least 1 to 3 candles to determine the short-term trend reversal (bullish/bearish). Today 1st July 2014, RH PetroGas hits low of S$0.72, a clear and decisive confirmation that it was not an inverted hammer on 23 Jun 2014, then. RH PetroGas (weekly) — Two Black Crows
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Post by zuolun on Jul 19, 2014 7:15:55 GMT 7
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Post by zuolun on Jul 30, 2014 7:44:12 GMT 7
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Post by zuolun on Aug 28, 2014 10:04:39 GMT 7
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Post by kenjifm on Sept 25, 2014 14:07:20 GMT 7
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Post by zuolun on Oct 10, 2014 11:03:55 GMT 7
RH PetroGas — Head and Shoulders Breakout, TP S$0.485RH PetroGas gapped down with a black marubozu @ S$0.615 (-0.03, -4.7%) with 2.16m shares done on 10 Oct 2014 at 12.25pm. Immediate support @ S$0.57, immediate resistance @ S$0.65.
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Post by kenjifm on Oct 15, 2014 18:18:01 GMT 7
Last Support Gone. I hope no one is stuck in it.
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Post by zuolun on Nov 22, 2014 9:05:08 GMT 7
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Post by zuolun on Dec 9, 2014 12:27:16 GMT 7
RH PetroGas — Head and Shoulders BreakoutRH PetroGas gapped down with a black marubozu @ S$0.33 (-0.035, -9.6%) with 4.63m shares done on 8 Dec 2014 at 1.05pm. [/quote]
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Post by zuolun on Dec 22, 2014 9:57:34 GMT 7
RH PetroGas: Usage of placement proceeds — 18 Dec 2014 RH PetroGas — Bull TrapRH PetroGas had a white marubozu @ S$0.42 (+0.025, +6.3%) with volume done at 6.9m shares on 22 Dec 2014 at 11.11am. Immediate support @ S$0.365, strong resistance @ S$0.485. RH PetroGas — Trading in a rectangle; potential downside breakout 1st TP S$0.68, 2nd TP S$0.61, 3rd TP S$0.49RH PetroGas closed unchanged with a doji @ S$0.76 with volume done at 6.13m shares on 27 Jun 2014. Immediate support @ S$0.73, immediate resistance @ S$0.83.
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Post by zuolun on Mar 13, 2015 13:32:49 GMT 7
RH PetroGas @ S$0.335 (-0.005, -1.5%) with extremely thin volume done at 156,600 shares on 13 Mar 2015 at 2.45pm RH Petrogas price target raised to 40 cents by Credit Suisse ~ Credit Suisse has bumped up its price target for RH Petrogas to 40 cents from 38 cents to reflect the company's lower net debt position. The oil and gas explorer's operating cash flows in 2014 rose to US$24.2 million ($33 million) from US$12.1 million the previous year, driven by a reduction in trade and other receivables. That left it with US$36.7 million in cash on its balance sheet at the end of last year. ~ 3 Mar 2015 RH Petrogas: FY14 net loss was at US$28.3m versus US$65.9m from a year ago. Revenue fell 13% to US$75.2m, mainly due to the decrease in average realised oil prices and lower cost recovery for FY14 under the terms of the production sharing contracts (PSC) of the Basin and Island PSCs. Gross margin fell 14.7ppt to 17.3%, mainly due to the increase in depletion and amortisation of oil and gas properties in Basin PSC and Island PSC. Bottom-line was aided by a 55% drop in other expenses to US$37.4m, mainly due to lower impairment loss on goodwill and lower write-off for unsuccessful exploration and evaluation expenditures and the absence of FX losses. NAV/share at US$0.204. ~ 2 Mar 2015 On 2 Oct 2013, RH Petrogas's Executive Chairman, Tan Sri Datuk Sir Tiong Hiew King announced Placement of 116m shares @ S$0.63 per share; the placement agent was UOBKH.On 20 July 2012, RH Petrogas announced Issuance of 262.2m placement shares @ S$0.36 per share with 87.4m free warrants; exercise price @ S$0.43. (The basis of allotment of the placement warrants was 1 placement warrant for 3 placement shares.) RH PetroGas Insider TradesThe Gambler's FallacyGambling with Other People’s MoneyImagine a superb poker player who asks you for a loan to finance his nightly poker playing. For every $100 he gambles, he’s willing to put up $3 of his own money. He wants you to lend him the rest. You will not get a stake in his winning. Instead, he’ll give you a fixed rate of interest on your $97 loan. The poker player likes this situation for two reasons. First, it minimizes his downside risk. He can only lose $3. Second, borrowing has a great effect on his investment — it gets leveraged. If his $100 bet ends up yielding $103, he has made a lot more than 3 percent — in fact, he has doubled his money. His $3 investment is now worth $6. But why would you, the lender, play this game? It’s a pretty risky game for you. Suppose your friend starts out with a stake of $10,000 for the night, putting up $300 himself and borrowing $9,700 from you. If he loses anything more than 3 percent on the night, he can’t make good on your loan. Not to worry — your friend is an extremely skilled and prudent poker player who knows when to hold ,em and when to fold ,em. He may lose a hand or two because poker is a game of chance, but by the end of the night, he’s always ahead. He always makes good on his debts to you. He has never had a losing evening. As a creditor of the poker player, this is all you care about. As long as he can make good on his debt, you’re fine. You care only about one thing — that he stays solvent so that he can repay his loan and you get your money back. But the gambler cares about two things. Sure, he too wants to stay solvent. Insolvency wipes out his investment, which is always unpleasant — it’s bad for his reputation and hurts his chances of being able to use leverage in the future. But the gambler doesn’t just care about avoiding the downside. He also cares about the upside. As the lender, you don’t share in the upside; no matter how much money the gambler makes on his bets, you just get your promised amount of interest. If there is a chance to win a lot of money, the gambler is willing to take a big risk. After all, his downside is small. He only has $3 at stake. To gain a really large pot of money, the gambler will take a chance on an inside straight. As the lender of the bulk of his funds, you wouldn't want the gambler to take that chance. You know that when the leverage ratio — the ratio of borrowed funds to personal assets — is 32–1 ($9700 divided by $300), the gambler will take a lot more risk than you’d like. So you keep an eye on the gambler to make sure that he continues to be successful in his play. But suppose the gambler becomes increasingly reckless. He begins to draw to an inside straight from time to time and pursue other high-risk strategies that require making very large bets that threaten his ability to make good on his promises to you. After all, it’s worth it to him. He’s not playing with very much of his own money. He is playing mostly with your money. How will you respond? You might stop lending altogether, concerned that you will lose both your interest and your principal. Or you might look for ways to protect yourself. You might demand a higher rate of interest. You might ask the player to put up his own assets as collateral in case he is wiped out. You might impose a covenant that legally restricts the gambler’s behavior, barring him from drawing to an inside straight, for example.
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Post by zuolun on Jun 20, 2015 13:34:31 GMT 7
RH PetroGas @ S$0.335 (-0.005, -1.5%) with extremely thin volume done at 156,600 shares on 13 Mar 2015 at 2.45pm RH Petrogas price target raised to 40 cents by Credit Suisse ~ Credit Suisse has bumped up its price target for RH Petrogas to 40 cents from 38 cents to reflect the company's lower net debt position. The oil and gas explorer's operating cash flows in 2014 rose to US$24.2 million ($33 million) from US$12.1 million the previous year, driven by a reduction in trade and other receivables. That left it with US$36.7 million in cash on its balance sheet at the end of last year. ~ 3 Mar 2015 RH PetroGas ~ Falling Wedge, interim TP S$0.255, next TP S$0.23RH PetroGas closed with a black marubozu @ S$0.285 (-0.005, -1.7%) with 1.28m shares done on 19 Jun 2015. Immediate support @ S$0.28, immediate resistance @ S$0.30
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