Bz lah... Searching for maintainance team to repair lift at level 44... He he he...
Nanti petang I'll comment .....

Prc4wifefe, wah you happy tengok ppl sangkut ah?... Don't worry nanti maintainance dtg jap lagi betul kan lift....

Lift unload ppl @ 45th floor, now go down to collect ppl on 40th floor

GP will continue trading sideways if no news.
Support 0.52 & resistance 0.56
RSI 60 building up. Stochastic & WR already in overbought but no reversal sign yet.
Good thing GP shows slightly bullish as MACD has cross up signal line, building (+) green histogram above zero, Indicating bull has upper hand slightly.
Hold on to your fort for a while....

Chinhoe, Sumatec still resting, 50th floor - 0.50 sens lah.
The climb last weeks 0.06 sen (35th floor) too fast, water ration dah kurang waiting for replenishment, then see lah how fast replenishment datang....

Lotus, agree with you selling pressure on listing which is next 2 weeks.
I think there is still room for short term gain before listing for those who have BIG risk appetite. Careful on the position size... If in doubt DO NOT enter save yr bullets for rainy day.

Sumatec chart looking fantastic like Dubai Tower.... Now trading along Upper Bolingger Band.
MACD is getting further up from signal line with fat (+) green histogram above zero shows super bullish. RSI 76 (muscles building up to Mr.Universe) yet not overbought.
Stochastic & WR shoot straight to overbought - but no reversal sign to drop.
So far baru climb 1/4 of Dubai Tower, probably rest sekejap before atempting 50th floor. Immediate support 0.40 & resistance 0.45 / 0.50

Connie, this is for you in case you hold this stock.
Scomies is in accumulation mode. Immediate Support 0.72 & resistance 0.78 / 0.80
MACD still above zero, (-) histogram is thinning shows correction / reaction period is almost over.
A little wary as MACD is touching signal line if cross down, prices might make slight dip.
RSI 51 shows fair Stochastic is diving towards oversold, no reversal signal yet.
WR -85 already entering oversold. If no encouraging news Scomies will be trading sideways with ATR 2 - 3 sens. Perhaps we shall wait another week for a reversal sign...

Connie, tkvm for yr compliment... Terangkat punggung.....

Icon8888, thank you for yr explanation on FA.
I assume that the fundamentalist is a conservative who invests for the long term and the technician is a trader who buys and sells for short-term profits.

I trade more on TA - as I do not want to tie up my capital more than 3 months.
If I were to invest in Engtex-wa 2 years ago @ 0.25 sen & sell 0.70 sen now, I will make 200% less than a year instead of 180% over 2yrs.
How? Every time I reach 20% (5 sens) gain I'll exit ( consider 1st trade) then buy back. I'll repeat this action again once reach 20% gain. Let's say at average 20% can be achieved every month. Maybe some months I might not be able to make 20% (let say 2 months) I will be making 200%gain within a year not 2 yrs.

In short both analysis are good depend on individual risk appetite & behavior.
TA choose indicators for guidance whereby FA rely on financial & book value of the company.

Lotus, Intrinsic value is a measure of value based on the future earnings a company.
we need to take present value of the earning along with the future sale value of the company.
You can only get this once we see their Financial report year end 2013.
Now we can only " agak agak" in comparison with its peers.
Company will make announcement, we shall wait for this first....
Relax bro.... already making 130% gain..

Chinhoe, SKPETRO is one of the world's largest integrated oil and gas services and solutions provider to the upstream petroleum industry, and covers activities such as installation of offshore pipelines and structures, fabrication of offshore structures, etc.....
SKPETRO is downstream, PETRONAS the only upstream in Malaysia. Follow by Hisbiscs & Sumatec which have Oil Concession overseas.

So have to compare apple with apple lah ....
Right now Sumatec got no value yet... Wait lah until out of PN 17.. Be patient.....

Now ghost story is the trend... Biar le.. There will be endless "ghost story"coming after this...
Subscribers already make 130% profit today. Congrats!..
Not to worry... HS, CMY, Management & staff hold 40- 60 % of the share, balance will flood the market. Price will not shoot straight to the moon, definitely there will be down time when ppl take profit... Price will go down.This will give a chance for those who had exit too early can buy back.
Give Sumatec a chance to complete the regularisation plan which in progress.
Once done will see a new Sumatec.

Fifijalal, I'm happy for you... Happy "house hunting"
Have a good weekend everybody

Derrick, you clever boy... Agree now Sumatec Cruise Liner is happily sailing along Caspian Sea ... Remarkable view. Will be docking soon at jetty 40/41 @ eta 1700

Derrick, where got bankrap.... You still have WA kan... Also up what.....

Stay cool everybody... TP 1.50 mid 2014 in the making. Believe in the company to see fruits of yr labour

No news... Maybe oversubscribed ( I think)....

Chinhoe, depends on the price on listing day. it will definitely go down possibility range 5-8 sens due to heavy profit taking. Let say price 0.35 (pessimistic price) already untung 100%. Don't want to take profit ah? Sure take... at least half... However if management can control, then drop will be minimal.

Fifijalal, UMOG is a great stock... specializing in drilling rigs. Due it's edge in Oil & Gas the current price to me is low. Hold on for awhile & if there is a dip below 3.1 you might want to grab some.

Fifijalal, I'll reply you in UMOG thread shortly

Sumatec looking good cum listing date.
Support 0.32 & resistance 0.36. Now. MACD already cross signal with wide gap + building green histogram above zero - show very bullish. RSI 67 (building muscles)
Stochastic & WR - just slightly overbought (1week) Not to worry as no reversal sign yet to go down. ATR - 1 - 3 sens, probably will trade sideways next week before attempting to break 0.36
Stay cool guys....

Charlie, want to buy but no more bullets for trading lah... now pokai....due to Sumatec Rights & UMW Oil (still holding ipo). I hope you'll get the excess... good luck

Under "andartu scenario" GP getting "prettier" but stronger (spend too much in the Gym)
Closing small red doji indicating the bear still in control but not as vicious.
MACD about to cross signal line now building small histogram above zero - giving sign of bullish
RSI 59 - improving. Stockhastic & WR already in overbought (1 week ) but no reversal sign to go down, if goes down mostly due to reaction of profit taking which is normal.
Probabaly next week will trade sideways with ATR 2-3sens before attempting to break
resistance 0.57.

Clarence, It's imperative to start right. Reading TA & stock books will definitely help but you also must put in practice as you will develop " the art of trading" overtime.
Good luck & hope you'll make lots of money.

Profit taking? Why not.... Then price will not go up too fast .

TA is useless? .... Trading without TA or FA just like gambling. Better go to casino.
Understanding TA is very important. It helps me to know exactly the status of the stock whether is ovebought or oversold ,ATR ( av true range), trend, support & resistance.
Don't you want to know these indicators before buying any stock? Ignoring these factors can put stress in trading . Anyway "how you trade" is your choice & your risk appetite.
Below is quote from investopedia...

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

Another "hantu movie" in the making trying to scare people.
Let it go to 0.30 or lower, I'm waiting..........

Derrick, ppl get free warrant you get free book... ha ha ha. Good for you....

Derrick, Wah! you also kepoh ha... Good... "To trade well" we have to constantly do a lot of reading. Don't get me wrong.. I'm not selling books... Amazon.com always trade in USD Lah...

Clarence, There are so many good charting books out there. Spend sometime at MPH.
One of my favorite - Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis with ProphetCharts (Wiley Trading) [Hardcover] by Timothy Knight (Author) about $48.
I get this thru Amazon.com.

A lot people "do not know this counter" HS has chosen Sumatec as his flagship as his entrance to Bursa. This angers his "enemies" It is pure jealousy... His involvement in O&G in Kazakstan seem to be like a "Cinderela Story" too good to be true.
To make it even Worst he's "considering" to give Sumatec another oil field (beta oil) also in Kazakstan & already got Axim Bank to finance.
Believe it or not 2014 will be Sumatec year....

Brighterday, I see you appear at several forum, claiming "market movers" & trading in millions.
I've seen so many negative people in these forum but I think you're the worst... you better change your name to "GLOOMYDAY" Anti climax lah you. Check your facts first before come in to this forum with your negativity. I don't think Bursa will allow Sumatec to collect money from people by just mentioning "Kazakstan got oil" Very funny...you don"t even know where is Kazakstan. and yet you dare come to this forum to redicule people who had invested thousands & millions in this company. GO AWAY!!!!

Mcd, don't say like that lah.. Careful... I "nenek Kebayan" also can see you inside out... He he he...

Wow!, my son now so brave. I told you to buy OR (0.08) tak nak. Now masuk 0.33
Why? dapat bonus eh....

Big Fat.. Chasing Barakah?,,,, you remind me of the song by TLC - Waterfalls
"Don't go chasing waterfalls. Please stick to the rivers and lakes that You're used to..."
Toooooo fast to chase lah....

Betul ke? .. Good boy ...

Derrick, how's yr investment in Genting? Better stick to Sumatec, cheaper lah....

Chinhoe, sorry typo error Chinned pulak...

Chinned, relax bro.... Hang on to whatever you have. There will be announcements updating Sumatec progress.....

Trendbull, Last Friday I did "day trading" but still holding on to my paid share (0.50) for short term TP 0.60. Today did not enter Gpacket busy with AAsia & Sumatec.

Lotus, lets wait announcement first. The rights will be fully subscribed that's why they have 3 underwriters (M&A, Mercury&Kenanga). The show will start from tomorrow... I think more upside than downside. Don't worry price will not go to 0.175 (rights price)
Even if can go back to 0.30 still make money ma for short term.
Barakah is offshore & downstream (from 0.53 up to 1.00++) but Sumatec is onshore & Upstream. Who do you think undervalued ?.... But being Pn17 won't shoot up like Barakah.. But definitely my TP 1.50 mid 2014 in the making.... He he he... have stay positive ma...

I'm still holding 0.50 price TP 0.6

0.30 ticket sold out & overbooked man... Left 0.32 tikcet (very very limited for today)
Gentle reminder...full settlement today by 5pm.
those who have not make payment for OR better do it now... underwriters & people applying for excess rights waiting to grab your OR. Don't give them the chance....

2.60 good support & double bottom but no reversal sign yet. Now price nearing to lower Bollinger band. Perhaps hold for few days more.

Below is my posting on 1/11.
I'll give a TP of 0.50 (1 month after listing) with gradual increase of 0.10 - 0.20 every month
Depends how fast they start work mobilization in Kazakstan.

I no more fund... Holding @ Umw oil .. Waiting TP 3.30 then can buy GP.

If under "andartu scenario" TP 0.70. if can get "sugar daddy" TP 0.80
If got " brave man with money to marry" TP 1.00

Kalau reverse, I pun suka... but still kena "bayar tambang" tinggi g. tiket 0.25 - 0.29 dah di mansuhkan. Tunggu lah maybe got Deepavali sale - bole la dapat discount tiket 0.30 (very limited). From now till listing anything can happen. Up or down.. Dapat tengok aje....
As long as price remain above 0.30 those who subscribed already gain at least 15 - 20%

GPacket has been moving sideways (0.50 - 0.52) next week if trading same ATR (2 - 3 sen) then price range will be 0.515 - 0.540 . Good news 0.515 is on MA21 shows support @ 0.51 & resistance 0.540. Hang on guys .... If go got story 0.540 will be broken for next resistance 0.57