Dream.....I used to hold 3m big lots..... So when CMY & Tekad disposed I followed......
Sold 2m @ 0.55, 1m @ 0.58 another 1m @ 0.59 then balance 1m for intra day trading
Bring down my price from 0.28 to 0.21. I haven't been active in Suma. On Friday I saw 0.205 on ask column I quickly grab thinking probably will take 1sen later next week. I unlocked que to sell when I saw HS bot 40m......now see whether can go higher than 0.25 or reach my TP 0.30

YK....how r you? ..... As I said on Friday probably HS has completed his quota of acquiring 32% @ price 0.205 thanks to CYP & Tekad Mulia.....
What's next? Depends on HS game plan towards RI ....by offering 5 gets 6 & every 2 gets 1 free warrant.....we'll not as attractive as first RI 2013 every 10 gets 41 RI & free warant.....so share dilution will not be as great as 1st RI 2013. Nevertheless depends who is the main player to secure the RI without public funds......If HS has this in placed, then no need to drive the price up before. RI or wait till completion of RI then will then drive the price up......

YK......if yr Suma price is above 40 sen.....then no choice but subscribe
As for me my price 0.21 (still holding 1m big lots) ..... Any spike in price is bonus but no intention to go for RI......

Jstan....normally if you subscribe RI then you get the warrant ....probably warrant C (new born)...... Focus more on the price action these few days......then think whether you want subscribe or not......"cross the bridge when you get there"

Aiyo Dragon.....Halim fill up his 32% quota I think......no chance to take over Suma.....hi hi hi.......

Aiyo dragon....gua sulah warning TSH ...... bagi Suma price up kaw kaw before RI....
Tapi dia senyum aje...... So better make price go 0.15 then I'll take over Suma.....hi hi hi....... Gurau aje......along pun x boleh pinjam itu banyak......hi hi hi....

Ken ....not abandoned but ignoring its existence in my portfolio......sakit mata......

Aiyo Ken don't say like that....Suma in freezer ....will only open 2018 ...
Now so many bargain O&G stock.....shopping lah.....when oil price up to $80 (maybe 1 year) than I unload......

Aiyo yo. Dragon. ....where got Sumatec take over bla bla bla.......
Don't tell anybody ....I'm taking over Sumatec......hi hi hi.....

Aiyoyo Dragonslayer......Suma is going thru bollinger squeeze & trading sideways.....
The drop in oil prices from $100 to $ 45 had affected Suma but what affected most is the RI....many not wanting to participate in the RI @ 20 sen.....price has to move up at least above 40 sen then maybe can attract public to buy otherwise looking at current scenario most likely HS & gang have to pickup the RI themselves......

Besides other O&G counters like KNM, Perisai, THH, Alam, Icon & TGOFFS more attractive moving same wave as oil price from $45 to $62.... But Suma not making any progress ......

Strategist....yup...the way to go "diversify " as stocks sectors are cyclical.....

Today can take family for good dinner.......all my O&G (KNM, THH, perisai, TGOFFS, Hibiscs) stock shoot up.........Suma up but not hit my TP 0.30 still holding tight.......

Ayam Tua.....very tempting offer.......I put you waiting list after YK....incase any of my staff resign....ha ha ha......

YK. :). I formed this company since 1982...... And my youngest staff service oredi 10 yrs , ...I still have staff with me since 1983......No vacancy yet...wait for oil to go up.....ha ha ha......

Ozzie....yes also my company, every year I give my staff incentive trip during CNY.....provided they reach their target revenue for the company......
You have any plans?

YK.....ask "Mr. Know all" 6969.......
Gong Xi FA Chai to you and to everybody in this forum celebrate CNY
My company giving incentive trip to Tokyo during CNY

DC.....morning......baru bangun...slept @10pm....now quiet everybody still sleeping......good time to do evaluation on potential stocks to trade next week.....siang hari too many distractions.......oil prices might rebound earlier than expected......your WA should be moving soon......Inshaalah ....good luck to you.....

Ayam Tua......Amin.....semoga Tuhan panjangkan umur, sihat2 belaka, murah rezeki .....

Aiyo 86868 ...... Hit & run eh! .........jangan Sampai kena hit & run over sudah........
Nowadays I buy on weakness & sell on breakouts.......

Iplay.....Suma chart is slowly climbing up ....like snail ....waiting for Moving average cross......if jadi then can consider rebound......other indicators MACD, & stochastic shows recovery mode but still no oomph to spike up 2 sen at least.........
Quite difficult to rely on the chart as Suma is very much a controlled stock .......most of the time go against the reading......then will look like kena trap.......

Derrick ......how come nose still bleeding.....All penny O&G counters start moving lor.......
Now waiting to reach TP ....then sell lor........

Dragonslayer ....... So long did't enter i3 invest......busy with my company activities....
Today I got my break......KNM ......made good gain ....sold half ......can sleep well tonight......

Musashi...oredi hold THH 2 weeks now....av price 0.29.... Agree Bollinger squeeze.....will lari maybe 2 weeks time.....my TP 0.35 (resistance)

strategist......agree....Trade Suma invest in Blue chips.......

Attractive.....but not going for RI......now holding more than 2.5m units @ 0.205 .......
Definitely will sell all before RI............

Yes Dickme @ 0.17 managed to get 400k units & still holding........

DH ...me too wish I had the nujum eyes I did'nt expect price to drop this low......but my TA safe me quite a bit......so I start shorting for intraday gain......at first suffered some capital loss but after several shorting....the intraday gain pave the the chance to buy more at lower price..... I stop trading 2 weeks ago. Today I start accumulating.....hopefully price will not drop lower than 0.20......I will short if price break 0.20.....

DH.....nak main penny stock kena banyak modal baru syiok ........
DH ...try to accumulate yr WB bit by bit since price low.....May be can get lower
Since yr following warren buffet style & Suma fundamentally is good .....you're strategy buy & hold is good......but My patience level not as great as yours I will exit @ 0.30

Today I'm shopping spree....time to accumulate.....targeting 5m units .......que 0.205 for 500k but makan 300k ....will hold 6months or till reach 0.30.......whichever earlier.....

6969...THE BRAIN INJURED KID.....THE NYANYOK KID.....PLAYING OLD RECORD 24/7...KNOWS HOW TO CONDEM OTHERS ONLY ......FULL OF ANIMOSITY & HATE ...THINK SUMATEC IS HIS HOME....24/7 HERE.......GO FLY KITE & GET LOST.......

Some ppl here behave like "king of stock" condemning everyone.........
Buy salah, hold salah, short salah.........24/7 in this forum........
One finger point at others ....4 fingers pointing at you.........
This forum will be peaceful if you get lost.......

SJ...long time no hear from u.......still tunggu eh......now buy & hold lah....see 6 mths sure can gain 40 - 50% .......

Tks Looiks & Ozzie.......hopefully oil rebound.....holding on to $$$ for shopping in Bursaland next year..........

Ozzie......really?.......coup up in this exhibition hall & by the time got back to hotel....lazy to go out......will check it out......tks....

Ha ha Looiks .......good to hear from you........many ppl here blame us .....how?
Happy holiday....

Ps. I'm in Singaore ......working ......sob sob.........

Strategist....good to hear from you again..........me too I'm out of O&G, finance & plantation sector........in my portfolio only left Suma.....still holding some (av 0.23)....will keep this as antique I guess........ Keep in touch......

YK.......you senget lah.........cut loss is history.......now should be thinking of buying not selling........but I said not to enter yet as oil prices still not stable ....possibility of going south is there...........I take profit & reduce half Suma holding when Suma break support @ 0.40 ...........then cut loss another half when Suma break 0.30.........Still balance 1/4 frozen ....keep as antique.......

Posted by YkJohn11 > Dec 12, 2014 01:06 PM | Report Abuse
mean cut loss now???
-70%

Noraini Ismail YK........Suma has broken support 0.20 ........Sentiment is at lowest level today......
I don't think it's advisable to enter now........Suma is making lower low every day.....not a good sign to enter yet......we need to monitor WTI & BRENT prices.......still not stable.....

I really think we need to stay out of O&G counter.........bottom fishing is a NO NO.....

YK........Suma has broken support 0.20 ........Sentiment is at lowest level today......
I don't think it's advisable to enter now........Suma is making lower low every day.....not a good sign to enter yet......we need to monitor WTI & BRENT prices.......still not stable.....

I really think we need to stay out of O&G counter.........bottom fishing is a NO NO.....

Ring.......no oil producers can withstand the drop in oil price if get below WTI 60.
Suma since onshore cost probablly $40 - $50 or may be lower.......not producing much yet (less than 2000 bpd ) to export to Europe but mainly for Kazakstan own consumption. (Captured market)......but still Suma will feel the hit or maybe get some scratches but not fatal......Suma need to be prudent next year as to handle this oil turmoil.

We need to see WTI break resistance 70, 80. If this happen then oil prices rebound then Suma will aggressively start drilling......the drop in oil prices has been factored judging from the O&G counters almost reaching 2 year low & below ipo prices........
I think the devil is not OPEC or US oil producers.......in short term the commodities speculators are the one driving the oil prices down to take advantage of over supply........
Gone are the days to see WTI or Brent be above $100.

SJ ...... Still Jalan Jalan cari makan eh?....... Good ....look like my Suma will be frozen for quite sometime but stay away from other O&G & financial related counters ok.....

These few days busy with my cucu......I'm taking " time out " & shut down my bursa activities till year end.......

YK.......yes I'll be with Suma forever.....at anyday if there's chance to make quick bucks I will buy or sell to get intraday profit.......read my previous posting 2 days ago how to trade & survive during this chaotic times.....

Nomanland.......tks for the chart.......however I do not rely on Fibonacci .....I feel it's too complicated & subjective .....I like to keep it simple .......mainly observing the price action itself can give indication of support & resistance. Actually this is enough but to add a little bit flavor I 'll look at moving averages & the candle stick pattern.....

In this current uncertainty scenario Suma is trying to stay above 0.20.
Today another low 0.22 appeared & close lower 0.225.
Bearish sentiment still prevail.....for the time being any spike up in price is bonus but not rebound. Oil prices issues still lingering & no one knows when it will end......

Have a good weekend everyone......

YK......I don't know what to say or how to comfort you .....I feel sorry for everybody during this oil crisis...we don't deserve this bashing......Many times I told you what I did & how I trade.....sometimes my actions are wrong but most of the times I got it right.......we need to see what the market is telling us....then decide immediately ....do not procrastinate on it as market changes every minute.

My opinion oil prices near to bottom judging from OPEC vs US actions.......but I think oil prices will be volatile as " speculators" in commodities & future markets are going big time.....these are the ppl who will make or break the oil prices.......stay in tune with the market........

I've got & paid xxxx m units of Suma @ av 0.24 ......if I go short 500k units @ 0.235 means I sell below my av ......to gain intraday I have to be able to buy back on a decline on the same day......failing buy back means I'll loose 0.005 but get back capital......will use this capital to que back lower price 0.225 like today or maybe tomorrow.
If market spike up above 0.24 I still have. xxxx m units to take the ride......whichever way market goes I still can survive..........

Aiyo......worry worry worry......market bearish at least another 3- 6 months......don't tell me just sit & watch.........go short .....take intraday profit. 0.005 sen pun ok ma ...can pay for nasi lemak & I kan bills .......just imagine I short 500k unit everyday ....can make Rm 2k ....ok what.....

Serious sell down today like no tomorrow
0.225.           Sell.  13m        Buy  110k
0.230.          Sell.  22m.       Buy.  19m

Total Buy Vol.    22,623,800           Market Avg Price.        0.23073
Total Sell Vol.     45,347,400        Buy Rate.              33.28 %
High Price.           0.245                         P/E Ratio.            1.179
Low Price.            0.225                        EPS.      0.195
Volume.             67,971,200                  NTA.         0.185

Eh?..some ppl 24/7 here.....b****.& condemning ......x ada Kerja kot......
Didn't I say DO NOT TRUST ANYBODY IN STOCK MARKET...........

YK......today doomsday for O&G counters......sorry cannot answer yr questions.....I can only advise to stay away from 0&G related counters for awhile until get some rebound signal from crude oil.........
I've sold all my O&G counters & half Sumatec last Friday..........not planning to buy back
Instead switch capital to AAX & AASia ........

Citigroup Currency Strategist Luis Costa:
“The basic discussion now is what kind of production breakeven prices are now dominant in the U.S. shale production. We have done some research on that, and the lowest breakeven prices in some important pockets of shale production stand at USD40-45/bbl. But breakeven prices vary massively from technology to technology. The move from $95 to $68-69 in a couple of months will inevitably slow down (or totally interrupt investments in many drilling projects. But all in all, that suggests there could be a lot more pain to go for oil countries. Of course, one also has to bear in mind at the current Brent Prices we are already breaching oil budget assumptions in many national budget plans. What does that mean for Russia. The oil collapse is just adding to a very complex situation”

Aberdeen Asset Management Chief Economist Lucy O’Carroll:
“In the lead up to Thursday’s meeting we had been led to believe that OPEC wouldn’t implement cuts. That’s why the strong market reaction was so striking and somewhat surprising. The question is now, where and when the price of oil will find a floor. My gut feeling is actually that it is somewhere around the $80 per barrel point [for Brent crude]. It is, however, possible, that we get to the $60 point mark at some point.”

Barclays BARC.LN +0.55% economists:
“The outcome of [the OPEC] meeting marks a watershed for the oil market. In keeping the production target at 30 million barrels per day, OPEC is clearly signaling that it will no longer bear the burden of market adjustment alone and this decision puts the onus on other producers.
“Over the course of the coming months, oil markets will have to find a new equilibrium – a world where demand elasticities are tested, and non-OPEC supply sensitivities, and particularly the pain threshold for U.S. producers becomes better understood. At least another 1 million barrels per day of cuts looks necessary to balance the market, in our view.”

Ozzie...... :). Ya lor.....Sabaaaarrrrrrr

Aiyo Ozzie.....brain injured oredi ....some more you add scientific word "cryogenic"
Hope Suma can unlock yr "cryogenic" package ASAP......