The sell down of the counter before the RI is quite surprising especially it is currently trading so close to the indicative price. 40 sen is a quite an important support so if it breaks then things might get very ugly. For those bought the mother share near the peak already loss one third of their investment. It is even worse for the warrant holders that see half of their investment gone. Of course, as long as you don't cut loss it is still only a paper loss, but how long one can hold? Can you afford not to have any cut loss point at all? Is up to individual investor to decide.

Hi Noraini, to be honest, I don't really trust him or any well connected tycoon for that matter. As I mentioned above, to be smart like him as indicated in this article doesn't mean he is a 'con man'. He could be seriously looking to build something or a legacy for himself since we all know he doesn't really needs the money or the fame and so far he did lived up to his promises. So as I said, only he knows what is his plan. If he is serious about it and build it in good faith then honestly it is good for the shareholders, if not then we all know how it will ends. Let's see!

Hi DumbnDumbe, ya, I do think that if this is really just a pump and dump thing, it is not yet the time to pull the net. This counter will probably be the most speculative and highly traded stock for quite awhile. If it is really a real growth story, it will certainly be the most exciting stock in recent history. If it is a scam then it still has the rights issue to play out so the end game won't be so soon. As for some investors that believe that as long as TSHS is not selling then there is no reason to do so themselves, they should recall what happen to stocks such as Mtronic, Harvest, AGlobal (now rename Nextnat) and Scomnet. Raymond Chan, the center figure of these stocks only sold his shares at 'loss' after the share price collapsed. But we all know that he is certainly not losing money for his 'investment' in those stocks. So if you follow the 'I only sell if he sells' strategy, I afraid it could be too late.

Hi limko 1, they are taking advantage of the IPO placement and some of the 'selected investors' made an easy money out of it and the public are made the suckers just like you said. But I think that is enough for that kind of blatantly abuse of IPO and I just hope that there are enough public pressure for Bursa to review the process. Why not impose the moratorium on the 'selected investors' and cornerstone investors since they are suppose to be in it for long term so it shouldn't be a problem to them right! Ya, we all know that in capital market there is always no fairness to talk about, but at least make it as fair as possible for the real public is certainly not something too much to ask.

Hi Aladdin, as I said, I only stated the facts. Those directors selling their shares is a fact and I didn't mentioned anything that it is not a good sign or alarming sign. I simply stated that they are disposing. So to take the info as positive sign or negative sign is up to individual reader. So if anyone think is negative sign then is their own discretion. Sorry if it spook you away from this counter. You should just ignore the article and proceed with your trading plan.

Haha, smartinv, the renong saga still not fully solved and the public still don't know (someone knows I guess) exactly what happened then and now another renong is in the making already! Is interesting. If Sumatec, PDZ and the others are going to become part of the new 'renong' group then we shouldn't wait anymore to jump on the bandwagon! Looks like RM 20 a share is not too far away I guess...

s123445, ya, I just round it up. sorry for the confusion.

Hi smartinv, in the market for any stock there must be some people bullish and some people bearish about it that's how we got seller and buyer so the transaction can happen. Buy or sell, bullish or bearish are just individual investment decision. The thing is some take it too personally and became very hostile if there is any info or comments that they don't like. Once a wise man told me that don't take any particular investment too personally, it will cloud your judgement. I believe this is one of the best advice I ever had.

You too Happy Investing!

Hi s123445, act the 280M is not exact figure. Is derived from the initial payment from Sumatec of total 418.5M minus his share of placement plus rights issues total amount to 134.25 M. So the act amount is around 280M.

Hi ogre, really thanks for your input. It really enlighten me on certain issues. As for sinister, I do agree with Rahim3088 that being smart doesn't mean he is sinister at least innocent until proven guilty right. I always stated that I'm not saying the whole Sumatec thing is a scam because so far he did deliver his promise by injecting O&G assets and successfully lifted PN17 from the company albeit made a killing out of it. But if he is going to bring Sumatec to become a serious O&G player with partners like Petronas and bring sustainable profit to the company and shareholder then I will have to say he deserved the money he earned. Let's us see what is his next move and whether Sumatec can really be transformed into a great O&G player. It is going to be very interesting.

Honestly, my intention of this article is not to say whether Sumatec is worth investing or not because I can never know what is TSHS motive in his investment. I think only he knows about it. This article is just my way of putting all the facts that I can get about how this counter become what it is today from some 2 years back. Often times we trade stocks just looking at its current state because we are too close to it but forget about the bigger picture about the history of it. Here is how I try to remind myself about what had happened to this counter for the last 2 yrs. Whether to invest or not is up to individual investor. But the facts remains the facts.

Ya. Thanks greddym3, I didn't mentioned it in the above post. Is actually a threshold of 2 Million barrels that Sumatec will be entitled for full profit then only 50% after that. If the 2 Million barrels is not reached in 2 yrs then it will have the extension until the 2 Million is reached. Sorry for that mistake. Thanks again greddym3 for pointing it out.

One thing that i didn't mentioned about is the debt-free of Sumatec that some peoples like very much. I don't know whether is just me or the fact that Sumatec is debt-free is because no banks want to finance whatever asset they want to acquire. Take the latest USD 350 Million or more than RM 1 Billion acquisition, I don't think any bank will risk that money to finance the company to buy some oil field in some country with little proved reserves. That's why they keep issues rights and maintain 'debt-free'. I might be wrong, but am I?

Hi rikki, I guess we can never know who are those behind the scene and how these 2 director with only USD 100 share capital company comes to own the 100% legal rights of a company worth USD 350 Million (based on the purchase price). It must be godly kind of investment.

Hi Cheaterecoworld, if u care to read carefully, i din mentioned that the exercise price remain the same after the right issue, but u need to convert with the existing exercise price in order to be entitled for the rights issue. If you choose not to subscribe then surely the exercise price will be revised down but your shares in the company will be diluted. Do get your facts straight before u decide to criticize others. Thanks!

Hi connie, glad to hear that. Market is quite haywire these days so hope that everyone is doing ok. Did heard that some people got burnt on the Aug 20 meltdown, just hope that everyone here still intact and fight for another day. Personally I feels that Suma and PDZ are very risky these days, not really feeling good about them. Don't know how to explain, just a feeling I guess. Hope that I'm wrong for the sake of those still in it. Happy trading!

Hi Charles, like I said, is hard to know how far the counter can go. But judging on the current price level, if 2nd Wave come, then I do think that 1.20 is possible.

Hi Tj, yes from what I know there r firms allow their PDT short selling PN17 stocks. Of coz I can't b 100% sure so if anyone from compliance dept can shed some light here would b great.

Hi jimmy, PDT is different. Like Tj said, you will know more if you ask your remisier abt them.

Ya Connie you are right. They can't trade Ace market but I'm not so sure they can't trade PN17 stocks. As matter of fact, I know some retail traders trade with even bigger volume than PDT with their own money. Can you imagine that. With property sector slowing down, I believe that there will be more liquidity in the market in the near future.

From what I know, it depends on the individual brokerage policy. So it is hard to say.

Hi Connie, Yup, as trader, we need market to be vibrant which provide more trading opportunity for us. Sometimes certain counters can be ridiculous, but it is our job to be discipline and stay away from counters that we are not comfortable with. For traders, discipline is always the most valuable character to have. Just trades with the plan and stay away if you are not comfortable then I think every trader should be fine even in the chaotic market. I always believe that we shouldn't blame other players in the market or the market itself for our losses, we are the one that accountable for our own trades. If anyone can't understand this then most likely they will get washed out from the market soon.

Hi Jenny, I can't be sure whether it will continue go up or down as well as put a TP on it because the only one can do that is the people behind the stock which I'm certainly not one of them. As a trader, I can only base on my trading plan to entry & exit. If the plan didn't work, I cut my losses and move on. If the plan works then I will take profit whenever I feels the time is right. Don't look for the perfect trade when you buy at the lowest point and sell at the highest point. This is simply won't happen. Just look for profitable trades, be it 5%, 10% or 20%, as long as profitable trade then that's good for me. For SHH basically the trading plan is based on the Wave anticipation theory thus I will sell if the share price fall below previous consolidation phase or look for sign of weakness such as wave with lower peak than previous. That's the only way I know. Hope it helps you.

Hi connie, personally I can't be sure whether PDT / stockist involve in this. But SHH is not exactly the kind of heavy volume penny stock likes PDZ, Sumatec, Glotech n etc. It is quite thinly traded most of the time so most likely not their cup of tea. Of coz, it is just my lay opinion. Judging from the volume last fri, i think there could be another run for this counter. As usual, do put ur stop stop loss juz in case. During this chaotic time, no one knows what is going to happen since the tide can turn as quickly as few seconds so better be cautious!

20/8 sudden down is mostly caused by the overall sentiment of the market. Since this counter not really run yet so it may still have rooms to go.

As I mentioned, What's goes up, must come down. Sumatec from 26 sen to 62 sen is enormous so this correction is certainly long overdue. As for PDZ, 16 sen to 40 sen in 3 weeks time is just unsustainable. The question here is that is today plunge down a healthy correction for more sustainable run or the end of the bull market for bursa penny stock. Well with more than 7.6 Billion shares traded today, I have to say this is something I never seen before. If you have position then please be alert and keep monitoring the market to feel the sentiment. Contra with high margin is certainly not a wise choice in market like this. As a trader, you should not get panic and emotionally crash by the market. Just follow your plan, if you are wrong, cut your losses asap to save yourself for another fight. Discipline and calm is what a trader needs most.

Yup! 27 sen is critical.

Hi morning Connie, coincidently I posted Dnex n censor last night. The timing is so nice. Haha. As for Daya n Reach, Daya in d short term will b pressure by d selling of mazlin, until he is finished, I don't think it wil break high. The only silver lining is its shareholding in Reach. If Reach run then it may ride on d momentum. As for Reach, my take on SPAC is dat d best way to trade is entry when d price near d value of trust refund per share if they fail to make a QA within stipulated time. In dat way u r guarantee of nt losing n hopefully it will rally just before QA. In Reach case, the refund will b around 71 sen. Of course everyone think dat QA is good so it will go up whenever there is one. Bt reality is good asset ppl won't sell, if they do sell, the price will left u not much meat to eat. U r talking abt buying ppl cash cow (for brown field), I don't think anyone will sell u cheap. Some more u have a deadline, who do u think have an advantage here? Buyer or seller?

Hi alicia, I don't make buy call or sell call due to my own policy. I'll always state my opinion on stock trend and my analysis. U have to make ur own call. :)

Honestly, it is impossible to tell which wave is the most powerful. We can only know after the fact. As long as the peak is higher than previous and the conso phase also higher than previous then may be there is still more wave to come.

Hi there! I'm new here so dono wat to post. haha. Thanks connie for inviting me here.

Well, whether SPAC worth investing or not is the topic for another day. My point here is that an IPO is suppose to be public offering and I don't think 2% justified that. I get that any IPO needs cornerstone investors but the ratio of 98% is just too much. Whether they will sell immediately after IPO is up to them, but the fact that they are allow to do so and the general public (who are interested) are practically force to buy the share at 'premium' from them after IPO is just simply outrages.

Like I said. It is great for them. They can make their money anytime now. What an investment!

Haha. I didn't even notice it. Well is just a coincident. I certainly dare not to compare myself to the tycoon for thousand years. To be like them, u need certain characters. u know what I mean. I don't think I'm cut out for it. I just hope to trade the market in my small way bcoz learning about trading and trading itself offer a lot fun and satisfaction. Just hope that more individual investors and traders can make money more often from the market instead of being the feeder to the selective few. Of course there is certainly no way we can beat them but if we can have more successful trades then not only we can actually make money out of it but also makes it more difficult for them too make money as well. Is always bad for the market if it is too cornered.

Haha. Thanks Connie. Act I had this observation for quite some times bt it seems like I'm the only one that thinks that way. Now at least I know there is some one think the same. Act I should thank you for that. As for scalping n intraday trading, I'm not sure I'm qualify enough to do so. Bt if I have some thing to share abt it then I will post it. One thing I know sbout intraday n scalping is that discipline is the utmost important thing. Also, most of the method I studied from foreign market trader especially those from US are not suitable for bursa due to the different market behavior. Especially our local stock daily range is too tight to apply their method. Anyway keep learning n progress is the only way to survive in the market. U too have a wonderful Sunday!

Haha. is good that your strategy work well for you Calvin. Personally I do feels that something probably brewing due the fact that the trading volume for the past 5 months had surge abnormally. My thinking is that this is the watershed period for the stock, after this there could be fundamental change to the share price. Upwards or downwards I don't dare to say but downside risk to me is actually quite minimum since it only trade at 50 sen now.

@Kelly Chin : personally I don't think you should be worry at all. In fact looks to me like finally this counter has a breakout and probably there will be some kind of catalyst announce soon. You should be happy that your investment paid out. Today it breakout 21.5 sen with huge volume thus I believe there still room ahead. Watch out for the 21.5 sen support line for this counter. If it can't stay above this line during future correction, then you may revalue your options then. Congrats to you!

Write a comment..@AiryA averaging up is a commendable strategy as long as ur average price is nice. I think this counter is doing very well for u. Congrats!

@nskepong I agree with you. Things are certainly not as simple as I put it. As I mentioned, I do not have enough knowledge to ascertain the exact value of the company which comes with some RM 4 billions short and long terms loan. Also the RM 6 billion intangible assets which is almost one third of the total assets is scaring me because we can never know the exact value of it. Do you mind to enlighten me on that? I act hope that some one can shows me the right way to look at the company. Appreciate that if you can help.