Volume in Suma creating excitement, looking forward for reversal back to uptrend. Be positive.

This stock's forum seem to be more for people to let go of their frustration, nothing factual nor informative. More than 95% of the information written here are just non related facts from people trying to master the art of writing.

Phew.. less comments already. Looks like people are losing interest in this counter already.

Seriously, what is the future of this stock ? So much of posts but all are jokes. Maybe all stressed up as stock not up yet.

TSHS still holds substantial shares in Suma..... why keep saying he is selling off his shares in the Company. Why talk about bankruptcy ? Suma sink many sink with it too.... risk of share investment.

Agreed "ilovehits", too long going sideways, no excitement at all and no use monitoring this stock. Might as well switch to other good fundamental stocks.

Crude oil price does not seem to affect on Suma price. If so we would have seen fluctuation in the price in the last 2 to 3 weeks. It is manipulated by big players. People holding the shares are waiting to unload once the price goes up. So it need someone or a large organisation to buy big volume.

Oil price increase will not have effect on Suma pricing. There are other factors affecting this counter which is purely manipulative. These can be seen over the last month when price of oil up but Suma price down.

Is it the end of the road for Mudajaya ? Will we have to wait a long while before it shots up again abruptly ?

Sad... one news after another but nothing good !

Announcement not so early. This Qtr closing end March '17.

What is the objective of this forum ? Share & learn. If you have some info abt the stock you can choose to share, that's your choice.... but don't use this forum to release your stress & tension, please !

Uptrend seen, 1st resistance at 0.66.

0.09... just reached price 3 mths ago. Need to move higher up !

Allow price to go up before selling. Selling too early will keep price low and could fall back to 0.050 to 0.055 range. Remember Suma does not follow the normal trend as in other O & G counters.

It's puzzling why despite so much buzz on oil & gas price going up, this Company seem to be not reacting, it should by now be up. Sideways very long between 0.050 tp 0.060.

Yes, Leo. The question remains, why so much being sold & who is buying ?
This month HS has sold 96 million + and Chan Yok Peng sold 36 million +. Prices sold between 0.050 to 0.055. Why willing to sell so cheap ???

We know who is selling but no info on who is buying... interesting !

Looks like could go below 0.500. Next support at 0.495, with a possibility of reversal if this is not hit.

All O & G counters moving up except Sumatec. Price is being pressed down, why ? How come not rewarding the shareholders ?

Support at 0.540 broken, next support 0.505. At the rate it is dropping it could well go below that.

Next support 0.54 followed by 0.505. Looks like all are playing the game....

This does not look like correction, going down & down. Where is the next support ?

Still sideways movement despite the good news....

Thanks Norman. I think there shd be more ppl like Norman to share his findings and willing to share. Learning is a continuous process. Of course the decision to buy or sell is entirely on the individual. Have a great weekend and be ready for the challenges next week.

Deepavali gift from AK today !

Leo, I tend to agree "con man mentality". Despite movement in the price of oil there is no movement in stock prices only sideways. The price is being controlled and deliberately kept down.

Over the period Sumatec has been going down & down step by step. Where is the bottom still not known. There is no correlation between the oil price and Sumatec price, which means it is being control. Hopefully the next move is up....

AK has grown the Company to this stage. No doubt there were some wrong decisions & Sendai has paid the price. Now it can move forward to new height... up..up..up !

Just saw AK in the news on securing new project. Looking forward for the stock to fly. Let's all benefit from this good news.

EPF has been disposing from July so what is so surprising ? It maybe their strategy to drop the price & pick up later.

Sold some at 0.160, finally managed to make some from Iris. When is the AGM ? up up up .... iris.

Q2 report should be out around end of August.

Once again it is not how good you are..... it is who you know. Contract can be given in advance without open tender and selection process.

The good news does not seem to have effect on the price. Dropped instead... hopeful it will rebound soon.

Isn't the projects running ? Why keep dropping to 52 weeks lowest ???

"The Board of Directors of IRIS Corporation Berhad wishes to announce that the Company proposes to seek the approval of its shareholders at the forthcoming Twenty-Second Annual General Meeting for the Proposed Mandate."

Any idea what is the meaning of this ?

With Dato' Ahmad Johari disposing 3mill shares at 0.10, who is buying up the shares ? Is it to open market ? If so can we say that there is anticipation for it to move up ?

Why is the price dropping to a record low although AK is making statements that they are getting new project ? What is being hidden ? With all the positive news it should be record high :D

It was a "pump & dump" strategy which has left the counter at the current level. Nothing to do the oil price level. Whether Britain is going to remain in EU has also nothing to do.
Now we need to wait for HS to go for another "pump & dump" however this time ppl will be very alert that is why the long wait probably. He want us to forget what happened.

Warrant maturity date: 24th June 2016.

Hope IRIS gets the contract, at least then we can see some movt up... up...up.

Looks like mother is also dropping..... when will it ever move up ?

Volume have been very high the last 2 days. Yesterday the buy rate was 75% & today it was 68%. It still appears ppl are buying although not sure who. It is Tan Sri..?

Good to hear of getting overseas business but the share prices does not reflect that. Investor confidence still dropping. Hopefully can see some improvement :-) :-) :-)

It appears only the TRS is generating income. What abt their ventures overseas ? Is it that bad for IRIS ?

There is definitely something wrong with the organization. It boosted of new contracts both here & overseas being received and look at their website, very impressive but performance sucks. We investors are being taken for a run !!! The management must be made accountable.

Finally some movt up in the price. will it go up further ?

King, most not hardcore suma guys, just stuck with high price and do not want to let go. Thinking there is still light at the end of the tunnel...

It appears Suma is stuck at this price for so long. Oil prices up & down does not seem to affect Suma..... bila nak naik ta tahu la !