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2015-01-01 21:18 | Report Abuse
falling oil prices are shining a light on emerging market debt..and investors clearly do not like what they see. At the moment a weak ringgit would make it too expensive to defend the stock price..THS is too smart and savvy. Would be good if Sumatec management could shed some light on their strategy going forward for the next 6 months.
2014-12-30 20:32 | Report Abuse
why on earth would the promoters of suma want to blow a huge pile of cash to keep this stock afloat when the trend is completely unclear and bearish. This will be a fun stock once the fear has fizzled and the greed starts to bite....not yet...not yet though
2014-12-30 20:17 | Report Abuse
stop ranting...start thinking!! jump in again later. Remember when the tide is going down all ships will sink no matter how big they are. You should all dump suma and let it sink...pick up again later. Anyway thats what they are going to do.
2014-12-30 20:08 | Report Abuse
you could just hang on for the next two years like dreamhunter..or you could switch to stocks that will come back more quickly. Unless suma knows something everyone else does not it is definitely out of the play for now. Switching for now does not mean you have lost your nerve..it only means you are using your head which is difficult for most dreamers as they are too attached to their stock picks and cannot deal with current realities. I know stocks from 1997 that never came back.
2014-12-21 23:09 | Report Abuse
I convinced myself that price could not possibly drop below 0.30 from 0,59. There was very strong buying and support between 0.40 to 0.50 Even seasoned market players got drawn in. After all Sumatec was cheap penny stock. When Rashidah sold off her entire holding earlier at 0.30 it made me think that this was when the play was starting and I convinced myself the that it would hit 0.80. I was purely speculating. Yes I got burned. I wanted to hold long term but after it hit 0.22 I realised that it would free fall. So I cut and ran. Took a big hit. This was always a gamble as the story never made sense. It still does not make sense so understand that you are merely taking a ride on a gamble.As long as you are aware.
2014-12-21 22:37 | Report Abuse
THS and CMY never lose money....we do.....this was always a speculative play...its ok...we gambled. If you made some money great!! If not move on.
2014-12-21 22:20 | Report Abuse
then the real collection will start....and when you jump in at around 0.25 there will be another big sell off.
2014-12-21 22:18 | Report Abuse
i say price will hit 0.15 just watch!
2014-12-21 22:13 | Report Abuse
I think the guys at sumatec are as bewildered as every one else out there. How will they navigate through the current environment?? I cannot help thinking that THS has made a booboo...and as proven in the past his so called expert team of managers are not particulary expert. He has a history of not succeeding outside of Malaysia.
2014-12-21 22:01 | Report Abuse
do current oil prices make sumatec's business model still viable?
2014-12-21 22:00 | Report Abuse
have'nt you guys ever wondered whether the sumatec story actually is a farce??
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2015-01-07 01:36 | Report Abuse
chris dalton needs to give us his view going forward as compared to when he commented on sumatecs performance when he said at usd100 sumatec would have a usd30 margin. Or Chris Dalton is going to cut and run??