Strategy To Apply For Petra Energy Bhd. | ** An Anonymous Journal **

Tuesday, July 10, 2007

Strategy To Apply For Petra Energy Bhd.

I received my reimbursement from my application for Scanwolf Corporation Bhd. a few days ago. And lucky me too as it is just in time for Petra Energy Bhd.

I have been doing the Math, trying to think of the best way to apply for Petra. I have failed to get any Deleum Bhd shares last month and it was one of the best performers in the current market environment. My friend commented that I never have the luck to get picked those expensive shares and only successful in the cheapos that can't go high on the first day.

This time, I am wondering how I should apply. Petra is also an Oil & Gas company, like Deleum and Kencana. While Deleum, is expensive, Kencana was VERY cheap. To me, Petra is expensive as well but I have been told that each successful lot will receive a bonus of 500 shares. Is this true?

For Petra, I think I will allocate about MYR15,000; enough for six lots. Here are my options:

1) 4 accounts @ 1 lot X 2 + 2 lots X 2
2) 3 accounts @ 2 lots each
3) 2 accounts @ 3 lots each
4) 1 account @ 6 lots

Do you know which option will gain me the most advantage?

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