September is not a good month for stocks. School holidays are back. Expect some selling because most investors prefer to sell when they go for long holidays. Who wants to monitor the stock during school holidays with children and wife ?

Look at the chart. Sep 2011. Exactly 5 years ago. Might drop back to 5 sen - 7 sen. Sad case.

Par value reduction means the stock value will go lower.
Rights issue will increase the stocks and dilute further.
Look at Sanichi and M3Tech. After rights issue mother stock goes down.
Be careful.

SUMATEC RESOURCES BERHAD ("SUMATEC" OR THE "COMPANY")

(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS;
(III) PROPOSED ACQUISITION;
(IV) PROPOSED IASC; AND
(V) PROPOSED AMENDMENTS

(COLLECTIVELY, THE "PROPOSALS")

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5191525

Just sell first and enjoy the profit for a good vacation this coming school holidays. Buy back only when it drop to around $2.80.

I expect downtrend. Sorry. Not because I want it to be down. I just expect it to be down based on the pattern and chart.
I have been following AAX buying and selling a few times. Got a few heart attacks when it nose dived from 49 sen to 37 sen.
So I know if you are so happily buying and chasing high, it will come crashing down. No sympathy. A lot of trapped souls
when it gapped down from 45 sen to 43 sen. I will be careful this time. Want me to buy? Let it drop back first before I buy.
September is a month where we have school holidays. A lot of fund managers are going on vacation. So no hurry to buy.

2.5 sen rise to 6 sen and drop back to 3.5 sen. A lot of contra trapped. Monday or Tuesday time to force sell.

Please be cautious always. We have seen it dived from 49 sen to 37 sen. Just because it rebounded to 40 sen doesn't mean it wouldn't drop again. When the time comes, When contra players are ready to sell or force sell, it will go down again. Many who bought never think and always got trapped chasing high. I suggest sell and take whatever profit to enjoy your sek pan and come back to buy low. This is how it should be played rather than keep holding. We are already near the 41 sen resistant....time to go down again. Don't be a hero. Either Monday or Tuesday will forced sell again.

I hate to say this but I also downloaded Voppee to try it out. Share with my friends. But the response is very weak. My friends also don't care to use Voppee. They told me their Telco price is fixed. Every month they pay the fixed rate. So no savings if they use Voppee. They won't be using Voppee. See? Very hard to convince people to use Voppee.

Unless those really poor people like students when their parents don't to buy them a sim card, they can use Voppee as an alternatives. They go to starbucks to use free wifi. So how can Voppee earn money from poor students who are so smart and want everything free?

I scratch my head...how XOX can earn big money?

Contra players will sell on Monday. I will buy if drop back to 37 sen.

The problem is not OPEC. It is the US shale oil. They are competing with OPEC oil. Thats why the price war started last time and both don't want to surrender. They fight and fight. From 140 to 25 a barrel. They fight and fight. Now OPEC want to stop production to push up the price. They look like want to surrender to the US shale oil producers. But the US Shale oil is maintain their production. So in the end OPEC will lose the battle. They will forced to crank up their production to fight with US Shale oil. This cycle will continue unless US Shale oil close shop. But will it happen so soon? Maybe another year ? We don't know.

Another sumatec in the making. No more power. Next month they have to pay their debts. See if they can renegotiate.

Apa ini Suma? Keep dropping. Bleeding lor. Sudah game over?

Vopee will not earn much money. All given free. So I suspect XOX is not doing well. They spent so much money on advertisement and free gifts. They don't know how to manage their finances. You cannot do business like this.

You need to show profit to the shareholders. Then only they are happy and confident. The way the spent and invest in M3Tech ( a goreng stock which goes up and down fast ) is totally unacceptable. Is the money used wisely?

Are they thinking they can just print money by issuing more stocks and flood the market with XOX stocks while their directors are counting cash ? It is just like printing money from thin air. They issue ESOS, issue new stocks, and they speculate and buy other company goreng stocks. Their stocks already diluted since the day they issue XOX ipo at 80 sen a piece. Many got burnt when it went down from 80 sen to 8 sen.

So I really don't know a loss making XOX is good for investment. All their MOUs with Leopard and Pantech draw blanks. What is going on?

Buy at your own risk.

Monday is T+3. Aug 30th volume was 90 million! The next 2 days only 9 million and 4 million. Meaning there is a total of 90 - 11 = 79 million waiting to get out. Its either Monday or Tuesday for forced selling. I hope I am wrong but be cautious. M3Tech is purely a goreng stock.

SEll. All trapped.

Sell.

AA drop like hell...AAX still going up. That is why something is not right. Suddenly everyone sell...then someone buy back quickly...it happened instantly...then it happened ...big buying
last minute by kiasu investors...all trapped buying high at 40 sen. Now come Monday we will
see if it suddenly turned red to trap all these last minute buyers. 41 sen is the major resistant.
Everyone is now chasing near this point...which is a danger point. This is the point where we
dropped like hell down to 37 sen. We crawled very hard to reach 40 sen. We will see if richkid
is right...maybe a trap?

A little bit of rebound after dropping so much. Nothing to be happy. Many still trapped in this lousy stock. Anyway don't hope too much. It might go up and down like a yoyo. Just because of some zika virus, everybody says buy gloves.

AA side on fire now....AAX how? Fire coming? Run first.

Run....panic selling...

Run...

AA also falling like tenpin bowling pins.

T4...You mean force sell coming...? Might fall?

Later selling stopped buying also stopped. Nobody will buy PN17 counters.

Buy only after QR out. Safer. Oil is dropping. Oil price slides on glut worry, on track for biggest weekly drop since Jan. Want to jump in today but it is still too early. Maybe next week. Enjoy the weekend first.

http://www.thestar.com.my/business/business-news/2016/09/02/oil-slides-on-glut-worry-on-track-for-biggest-weekly-drop-since-jan/

http://www.thestar.com.my/business/business-news/2016/08/27/credit-crunch-persists-in-oil-and-gas/

For those who sold and took profit...don't go in yet. Might drop a bit before going up. For those who bought and dropped. Hold first...wait till it rebound back to your price. Sell and escape first. Then wait and buy at a lower price. I think this is the way going forward. Next Quarter is still 3 months away. Not so soon will pecut.

They are playing within a tight range now as predicted. 37 sen and 41 sen range. So don't simply chase. Buy near 37 sen and sell near 41 sen. A few rounds cukup makan.

Many took profit for the weekends. Run!

PN17 don't play.

Trapped? Another wantan mee. See what happened to wintoni now? I think same will happen here.

SKPetro QR will be out soon. Maybe wait for the 'sign' first.

Boring zz zz zz I thought today can up. With so many good news...still blur blur....wait lah next week. Maybe ...but school holidays coming ...another round of selling? Some fund managers are going for holidays.

Game over?

Please monitor closely. Might go up. Hit double bottom at 1.51 and rebounded back to 1.54 after the investors digested the news. So if up, can buy. Just like Thheavy. After they bagged some contracts, the stock price rise. So we are hoping the good news will push the price higher.

Everything in this universe got a positive and negative charge. In the universe there is something call dark matter. Its invisible to the eye but it exist! So in stock market same thing. There is up and downs. Greed, Fear, Hope are all the forces playing in the market. So let it be. Can we hope the price will be $4? Do you fear it will drop to $2.50? Are you greedy not to take profit? Let the market decide.

Loss making company. Will drop until the next good news come back. Have to wait. Mean time go other counter first.

Habis cerita. Jatuh lagi...mainan habis. Game over. Pergi lain counter nanti datang balik.

Maybank Investment bank research TP 1.60. I don't pluck the figure from thin air.

http://www.thestar.com.my/business/business-news/2016/07/14/sapurakencana-forecast-earnings-target-price-cut/

M3Tech and XOX is related I think...Both will be goreng stock. Thats the pattern I see.

If you look at the chart, you know. Now we are near bottom. So watch out to buy...not sell. Once we are near top, then we sell. Repeat the process.

The low oil price present a good time to buy cheap cheap. Let them sell. Let them sell. Cheaper the better. I wait to buy. Good news also they sell. I accumulate. Saudi meeting this month will be interesting. Oil might shoot up. They like to push the price up...then give all sort of glut data...pull the price down....collect....then spice you up with OPEC meeting...then push up...its a cycle. Don't you notice? All the big boys manipulate the market. Our job is just to follow...buy low sell high. Follow them. That why my id is call buy1sell2. Meaning I buy $1 sell $2. hahahah....

Don't worry. Buy time. Let them sell. We buy. Already oversold. My SKPetro TP 1.60.

http://www.thestar.com.my/business/business-news/2016/09/01/sk-petro-bags-five-contracts-totalling-rm264m/

Alright. Lets see.

blueocean88 This is funny...hahaha....all sell underwear. Hopefully no need lah. We all huat2.

If it can break $1.60 then confirm uptrend.

Anakku time to buy.

Anakku yes. AAX gave me some heart attack after I bought, it dropped a few times up down up down. So I sell it off when it rebound back. Today I saw SKPetro going down...so I follow it and then it rebounded from 1.51 back to 1.54. I checked the news and saw SKPetro bagged some contract. So maybe tomorrow just follow and see if it rebound. SKPetro-C25 dropped from 11 sen to 5 sen. So I think it is good to buy tomorrow since it is cheap now.

Yes, I noticed this. Maybe another round of play tomorrow. The contracts give SKPetro some lifeline to continue the business. So this means they are still strong financially. Investors will come back.

Yes. Just want to inform people I know from other stocks. Promote doesn't mean you have to buy. Just that you must monitor. Sometimes my friends helped me too. They told me some counters are going up. So I monitor and if really good I buy and get some profit. Now I just return a favor. Don't have to buy but you can monitor. SKPetro-c25 dropped from 11 sen to 5 sen. Now they striked some contracts. I think can rebound to make back some money lost here in M3tech. I just want to help. No hard feelings ok?

Yes...sold my XOX-Wa at 5.5 sen pump inside SKPetro-c25 5.5 sen tomorrow and see how.
Thanks richkid for your advise.