Maybe? Volume very low.. sudden sell-offs n then stagnant.. hmm

Maybe another split in the making.. soon? :D

SMA (50) at 3.109. Stay above this tomorrow and the uptrend shall continue.. but it all depend on them market makers laa..

Ya.. noticed that Supermax and Kossan being blocked / pushed down most prolly due to QR coming out very very soon..

I've to admit.. this is the 1st time I have to agree with Fahmi. It happened to Supermax too.. suddenly the price was pushed down.. but it managed to recover.. but brakes everywhere.. bcoz QR coming out too..

Supermax managed to recover from red (twice) today.. most prolly due to profit takings and brakes by certain parties for obvious reason. We may see some action on the 2nd session..

Wonderin why it suddenly worsening into the red zone while all its peers are green.. hmm..

• Just sharing for our thoughts •

"Oil dropped below $30 a barrel in New York after U.S. crude stockpiles rose to the highest level in more than eight decades"

"Iraq said it backs any decision to support prices and balance the market but without indicating whether it would cap its own output"

"Iran, OPEC’s second-biggest producer until sanctions were intensified in 2012, supported the accord without saying whether it would participate in the freeze as its preparing to ramp up exports after sanctions were lifted"

"Despite all the talk about the Saudis, the Russians and the rest, in the end nothing happened and to cap/freeze output at near record levels is not a solution"

"Do not disregard the increasing usage/importance of alternative energy/power"

"Oil prices dropped by almost 4% as at 19Feb16 - failed to sustain a rally after the plan was announced, suggesting that traders starting to realise and failed to see any change in the underlying picture"

• Gudluck everyone •

Ya.. me also confused. Correct video?

Its the power of syndicates. Even years of loss-making company can go up in price double or triple and some even more. Then later the sudden drop.. all bilises trapped.. its normal. But pity our bourse system.

I think must be too excited.. haha :D

• Just sharing •

"Oil dropped below $30 a barrel in New York after U.S. crude stockpiles rose to the highest level in more than eight decades"

"Iraq said it backs any decision to support prices and balance the market but without indicating whether it would cap its own output"

"Iran, OPEC’s second-biggest producer until sanctions were intensified in 2012, supported the accord without saying whether it would participate in the freeze as its preparing to ramp up exports after sanctions were lifted"

"Despite all the talk about the Saudis, the Russians and the rest, in the end nothing happened and to cap/freeze output at near record levels is not a solution"

"Do not disregard the increasing usage/importance of alternative energy/power"

"Oil prices dropped by almost 4% as at 19Feb16 - failed to sustain a rally after the plan was announced, suggesting that traders starting to realise and failed to see any change in the underlying picture"

• Gudluck everyone •

Based on the chart.. T4 was yesterday (Thursday).. and Supermax managed to hold well at par. Today (Friday) is only T1.. SMA (50) at 3.095 well breached. RM/USD dropped to 4.22 while oil prices dropped about 4% currently. Gudluck everyone..

Wow.. really massive drop in both revenue and profit. Finish.. kaput next week !!!

For this FY ended 31Dec15.. the latest qtr result is the lowest compared to the last 3 quarters. Was it bcoz of vape? Will it worsen this year? Hmm..

Haiyaa.. some peeps (must be contra traders) taking profits at 3.17 currently. Hold laa.. QR next week..

3.17 also gone..

Just noticed.. 3.16 gone laa..

And they will break 3.16 ;)

Hope the market makers already had enuf accumulation at low price. Its time to move up..

Market makers still flushing out weak shareholders. QR just around the corner next week.. make your guess..

QR will be out next week. If you think result bad, then sell n go other counter. If you think it will be excellent, then make yr decision accordingly. Also.. RM / USD has weakened from 4.15 to 4.22 currently... if that really matter..

Predictions in TradeSignum:-

SUPERMX
2015 EPS = 19 sen / pe = 20 thus stock price = 3.80 .. by 29Feb16.

- same as 94323.

Really hope yer all were right. Was pleased to see supermax managed to hit 3.18 tho very briefly this morning..

Quite surprised after leaving the screen for an hour to see supports at 3.12 n 3.11 suddenly gone so fast n now trading at 3.10. Hope it wont turn red soon and come back up.. hmm..

TeknikalSaham.. should post Supermax in its own forum..

Europe currently very green and US Futures too. So far so good.. hope for the best for everyone..

Eason.. your 1st prediction 3.11.. right on the dot.. nice performance today !!!

Many peeps here so used to the daily pattern of Uems since months ago. Who knows today maybe "different"..

Just sharing..

"The development period is 20.. repeat 20 years with GDV estimated to be more than RM5bn. We understand that planning for the development will commence in 2H16, with Phase 1’s estimated GDV of only RM150m expected to be launched in 2018.. repeat 2018"

Be careful trading in its warrants.. coz the mom cant hardly move up.. so looks like south is the only way now.. Then all its wareants will become toilet papers. Gudluck luck n trade cautiously ya.. safeguard yr hardearned cash..

A "dead kat bounce"? Looks like oil prices maybe heading downward again..

If the profit is expected to be good and before it goes up.. market makers will do their best to accumulate at the lowest as possible.. hence the resistances.. its normal..

Oil prices dropped and USD gaining back against RM..

Brent Crude down more than 5.5% currently.. ouch. Brace for impact tomorrow everyone !!!

As expected..

"Oil fell for a third day as equities declined and no supply agreement emerged from Venezuela’s tour of crude-producing nations"

Just sharing..

"CIMB upgraded the sector from “neutral” to “overweight” and said that the valuation of property stocks had fallen to a level not seen since the last global financial crisis"

“We expect property sales to be weaker year-on-year in first half of 2016 but to recover in the second half of 2016 on the back of improved economic conditions"

“If history repeats itself, now could be the time to accumulate property stocks for maximum upside”

Do take note: Do you really believe that Saudi Arabia will agree to oil output reduction or setback? Think again ya.. seriously. Me opine all these rumors and hypes are just false hopes..

Just sharing..

● WARNING ☞ Any warrants issued by MacQuarie.. pls exercise caution ●

Just sharing..

"● WARNING ☞ Any warrants issued by MacQuarie.. pls exercise caution ●"

Not bad.. currently up 1 sen amid KLCI up a big 23 pts.. hmm

Everyone hope the meetings will be successful.. so the traders can push the oil prices prices higher a bit. However, everyone also know the fact.. that the likelihood of a successful aggrement to reduce the output will be very slim indeed..

Further news on the JV..

http://www.theedgeproperty.com.my/my/content/umland-uem-sunrise-jv-launch-project-end-2016

Agreed.. tho not sure what causing the persistent sellings..

Pity to see C17 (issued by MacQuarie).. used to worth about 16 sen about 3 months ago. But currently can't even sell at half a sen bcoz no buyer. Condolence to the fallen comrades.. :(

HYG, very simple. For the C19 to be worth the last closing price today of 0.035, Skpetro's price must be 0.035 x 2.8(R) + 1.90(EP) = 1.998 before 07Mar16(MD).

Please note that Skpetro's last price today is 1.76, lower than the EP which means C19 is currently a trash paper or zero value. Sorry and gudluck ya.

R = ratio / EP = exercise price / MD = maturity date

Profit taking on Supermx very strong currently. Hope can be successfully absorbed..

Hmm.. currently oil prices dropped more than 6%.. ouch!!! Brace for impact everyone..

Just sharing some "disturbing" comments..

"Oil’s longest rally this year faltered on signs industrial activity in the world’s biggest energy consumer is deteriorating and as OPEC pumped a record amount of crude"

"It’s “highly unlikely” that a joint production cut will be agreed as the strategy of OPEC leader Saudi Arabia to maximize its revenues by squeezing out rivals is finally showing signs of success"

Guys.. be careful with all these rumors about OPEC and non-OPEC countries will agree on production cuts. Remember numerous previous meetings.. even OPEC did not reach any reduction consensus. Monitor and trade wisely. Gudluck ya.

Today off - FT day.