On my radar ...all O&G related counters.....today should go up.

This stock now is in a limbo state. Limbo means "YOYO"....can go up or down. Some will think it is a bargain when it dropped too much...and will buy in like yesterday. Then after buying some will sell it to take profit and don't want to take risk holding it for too long. When it go down some will panic sell....and those panic buy back....and so on. So when the price go up, it will come down....and the process will repeat a few times....until the stock price stabilized. That was seen in last IWCity movement last time when bandar Malaysia was taken off their menu. Lets see...if this is true.

https://malaysiafreebies.com/petrol-price-malaysia/

Oil is rising like no tomorrow....O&G play tomorrow. Sumatec stock price might gap up tomorrow.

Following the recent rise in crude oil price and improved sentiment in the oil and gas industry, Sumatec said it plans to ramp up production to about 3,500 barrels per day by end-2017. It also aims to produce its first phase of 30 million of standard cubic feet per day of gas – equivalent to 5,000 barrels of oil – in 2018.

Easier to buy when a stock is at its lows..waiting to go up rather than chasing a stock which already shot sky high...and waiting to drop. Sumatec is at its low supported at 5 sen. So place your bets. Better than public mutual....hahaha...

Don't be trapped into thinking of catching the falling knife...unless your hands are made of steel. Only for the brave souls...who never die before.

Now somebody is racing to sell faster before the price drop further.

Who bought 99 sen just now and laughing ? Better bang head...

Oh...No....95 sen support disappeared.

If you want to push up the price you need to pump in more money. Why? Because the sellers are selling non-stop.

If so good why some big shot kept selling?? Something is not right. The chart don't lie.

No harm to cut. BE egoless in stock. No need to be emotional. Drop cut. Don't care. Money is not to gamble.

Proven buy and hold strategy now is not that wise anymore. Cut first. Then buy back later should be the way to play all these roller coaster stock. Be heartless to cut first. Cut early. Stay out and look see look see first. Buy only if it rebounded strongly. Else just stay out. Protect your money first.

Who was laughing just now after bought at 97 sen when it rebounded to $1? Now going down...some more...at 96 sen...all get caught in the net. Dare to burn more of your money?

Game over?

https://www.thestar.com.my/business/business-news/2017/11/01/the-changing-face-of-ekovest/

Program selling....slowly dumping...as not to create panic.

First TP 7.5 sen. 2nd TP 10 sen.

So 5 sen is the support.

Just remain calm. This sumatec is a goreng counter. They won't tell you when they will goreng until they have collected enough. The private placement is near 5 sen. So they have to support around and collect before pushing up.

Better sell...more forced selling expected these few days. How to go up?? Syndicate so much bullets?

Ekovest-CD dropped from 11 sen to 5 sen....Ekovest-CE dropped from 23 sen to 7 sen....you still think it is a positive sign ?? People are crying ....in silence.

Already gapped down... the sign of a down fall. Very hard to climb back up. Just see IWK already give you a sign of negative sentiment.

Just sell and run. No need to take risk and heart attack playing this kind of roller coaster stock.

I think will go down...in the long term. so better not touch first. Its a roller coaster ride again.

Some people try to buy to support the price. Really strong buyer. But...market force is not easy to push...like you face with a tsunami....are you superman? How much money can you dump in to hold the down tide? Amazing....people. Too much money. Either dump in to support or die die rugi cut loss.

Selling pressure.

Oil to reach $70 in 2018.

https://www.thestar.com.my/business/business-news/2017/10/31/saudi-arabia-leads-gulf-nations-in-cutting-break-even-oil-price/

Recovery mode. Look at Hibiscs...all recovery...Sumatec still lagging.
https://www.thestar.com.my/business/business-news/2017/10/26/sumatec-to-buy-kazakh-oil-fields-concession-owner-for-rm1pt55bil/

https://www.marketwatch.com/story/brent-pushes-further-above-60-as-oil-rally-continues-2017-10-30

BBBBoommmm

TP 10 sen.

Aiyoooo.. 5 sen habis beli.

O&G jalan...Hibiscs, UMWOG and Sumatec slowly coming...see the volume already up...slowly. Perisai, THheavy also up. Oil coming....Buy and keep.

Sumatec to acquire Markmore for RM1.55bil

https://www.thestar.com.my/business/business-news/2017/10/27/sumatec-to-acquire-markmore-for-rm155bil/

Why goreng engine not started yet?

Next year Election....sure need money. Sumatec is a normal choice to goreng.

I think....it will move up again to 10 sen...if break 10 sen then the sky is bright again. Look at the oil price now. If Korea threaten to fire a missile, the oil price will jump in anticipation of a war. Even lousy hibiscus is flying like a kite. Why sumatec still lying low? Cheapest Oil&Gas around now to invest.

Huge block of 4.5 sen collecting?

With so many news...maybe punters will go in since it is at its lowest. Good to go in early to make a kill. I don't know...but just have a feeling something is brewing. If not why keep flowing in the news?

Sumatec Resources Bhd is moving on with its plan to take full control of the Rakushechnoye oil and gas (O&G) field in Kazakhstan, despite hinting that it could potentially abort the proposal four months earlier. The group will be paying RM1.55 bln to for the full ownership of the O&G field.
To recap, the plan was initially announced in July 2016, involving the acquisition of Markmore Energy (Labuan) Ltd, which is owned by businessman Tan Sri Halim Saad, who is also a substantial shareholder of Sumatec, for US$205.0 mln (RM867.2 mln). (The Star Online)

10 sen coming...

Sumatec to acquire Markmore for RM1.6bn. Sumatec Resources has proposed to acquire O&G company Markmore Energy (Labuan) Ltd (MELL) for USD370m (RM1.6bn) to enhance its earnings from oil production. MELL holds the entire participatory interest in CaspiOilGas LLP (COG), which, in turn, is the concession owner and operator of the Rakushechnoye O&G field located in Kazakhstan. (StarBiz)

Post budget rally...and later year end window dressing rally.

Mother share is going up....for those who take less risk can leverage on warrants B. Still cheap at 6 sen. Expect to go to 10 sen.

4 sen = 16 sen. 5 sen = 20 sen. ( before consolidation ). So if punters want to push...they have to push to 10 sen which is around 40 sen. But 30 sen is good to take profit.

This stock is a goreng stock....punters are buying as it is at the lowest....break a higher high...so just keep this in your radar...any push above 20 sen is a confirmation of a rally...

Coming...limit up.......

It was 11.5 sen during rally before consolidation. So if you do mathematics, it should rally back to 11.5 X 4 = 46 sen. Now only 15 sen. More to come.

Will break 20 sen soon. Something is brewing again. hahahah...

richman is here too. Good. Time to move.

Not bad..hahahah...up 16.67% cukup makan. Agree. Time to move already.

Waiting for rally. Who knows? Nobody knows. So don't pretend to be clever. We bought. We wait. Whats wrong? Sell now and lose?