Oilcorp

When I read stockname talking about individual counter. I have also post some counter to here to attract people read my blog. Recenly, OILCORP can't paid the interest of bank about RM 1.3 million. It has brought it automaticly classify by SC be PN17 company. Hence, its share price from 40cents drop to 16 cents.

Today, this counter has technical rebound. Two of my shares friend bought in at 16 cents at 10 lots. (10,000 shares). If today they have managed sold it at 18 cents. They can made 2 cents (200 ringgit) gross profit. If they use normal trading account, they have to paid about 100 fees.

The above story tell me, although you have manage buy in at lower price but not 100% you can earn more. So, buy shares depend on manipulate your funds at maximum yield. Do not waste it by way of testing your luck.

Let us imagine, if oilcorp today hit to 15 cents, your lose will be 200 although it only lose one cents. So, there is stupid way to trade. Earn must reach 2 cents only have profit 100 but lose one cents already cost you 200. Is it a good deal?