quite unpleasent. hmmm. buying time?

whoops. can buy?

hmmm. slumping. why?

Forced liquidations....

another brutal day. as long as usd/myr slipping away, so will AA...

i thought that joker nazri was happy about super weak ringgit??? was going to up the arrivals...

severe turbulence folks. better buckle up!

that joker Fernandez better find some German guy like MAS to fix things pronto.

he can't play footy, and definitely needs some outside help...

see la. u all fall in luv. wait till monday, wakakakakakaka

hahaha he so much hate. come on, u all see K1. anything can happen. lol!

sure to drop to 20-21sen soon. just wait la

dun wurry. pick up at 21 sen.

whaaaaaaa. so goooood one. super duper sale. pick up at 30 seeeeeenn yes!

what about those with T+10 buy @ 1.80? clear out by now?

sliced 1.35!!! butter....

heart beating. stress. take pressure medicine early. aiyo.

omg. what to do??? dun wurry. 1.15 is good support

good support at 1.15. not too far away. which is good.

hmmm. is it possible that the market is trying to tell us something. could ahjib & rosm resignation be soon?

slumping. is this going to be a Hanergy Thin Film?

sluuuumping? whats up?

slumping. 1.80 next?

hmmm ... looks like sumatec will heading to 6 sen. closing price gap from 2011.

sure the ruble will tumble. Russian oil majors have fixed costs in rubles, therefore the oil decline along with the ruble suits them just fine. Ask yourself. Is tight oil (shale) and oil sands more expensive or cheaper to extract than conventional? especially when your costs are USD or CAD?

anyway. irrelevant as SUMATEC probably heading to 5 Sen. Director's Chan Yok Peng, Ahmad Johari Bin Abdul Raza, Wan Kamaruddin Bin Dato Biji Sura @ Wan Abdullah all make BANK disposing worthless shares prior to rout.

Never heard of the saying .. fool me once, shame on you, fool me twice, shame on me ......

Why Sumatec? Why do Malaysians buy rubbish penny's???

Long way to go. Russians and Saudis want to kill Shale and Oil Sands. Maybe US$50 WTI on the cards...

Long Way Till 0.05/5 sen. Long Way Down .... Whew!

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Its time to head to Cycle & Carriage Bintang to buy a new Mercedes.

Sumatec's CFO sells 20m shares

KUALA LUMPUR: Sumatec Resources Bhd's chief financial officer Roshidah Abdullah disposed of all her 20 million shares in the open market on July 9.

A filing with Bursa Malaysia issued on Monday showed she had disposed of the shares or a 0.64% stake at 30.8 sen each.

Sumatec was in focus last Friday on expectations of a positive corporate exercise in its first step to be a large independent upstream oil and gas company.

After market close on Friday, it announced plans to buy the 100% stake in Borneo Energy Oil and Gas Ltd for US$250mil (RM800mil) in cash and shares.

It had signed a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin to buy up Borneo Energy, which owns 100% of Buzachi Neft LLP.

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Doesn't know anything about Risk Management & Chinese stocks, Chinese stock research firms, and claims to have millions and wants people to email him/her

Classic SCAM, identity theft symptoms....

Beware.

Don't email this fool.

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i feel the need to repeat myself because everyone has now seen the $$$ signs and have not read my previous posting:

.."because I wish to engage you to manage some of my money. I have engaged KC Chong, Ooi Tiek Bee and Peter Yang of Kaisutraders"

while that is lovely, offering RM20 million money management to a random stranger on i3 is also probably not advisable (could end up being another XQ situation).

also, *NOWHERE* have i Claimed to be some Superstar Investor, like much respected members KC Chong, Ooi Tiek Bee and Peter Yang of Kaisutraders.

i have merely POSED/ASKED some questions. probably a bit upsetting to hear, but thats just life i guess. i was hoping you'd reply with some answers, NOT a job offer. more work is something i really do not need.

psS. putting your email with an offer of RM20 million money management etc is going to attract the wrong sorts of attention. not only that you're going to expose yourself to computer fraud, phishing attacks you will attract a flood of spam. please do be careful.

.."because I wish to engage you to manage some of my money. I have engaged KC Chong, Ooi Tiek Bee and Peter Yang of Kaisutraders"

while that is lovely, offering RM20 million money management to a random stranger on i3 is also probably not advisable (could end up being another XQ situation).

also, nowhere have i claimed to be some superstar investors, like much respected members KC Chong, Ooi Tiek Bee and Peter Yang of Kaisutraders.

i have merely posed some questions. probably a bit upsetting to hear, but thats just life i guess. i was hoping you'd reply with some answers, not a job offer. more work is something i really do not need.

ps. putting your email with an offer of RM20 million money management etc is going to attract the wrong sorts of attention. not only that you're going to expose yourself to computer fraud, phishing attacks you will attract a flood of spam. please do be careful.

thanks for the all reply's. i should probably just shut up now. i don't want to be seen to be rubbing salt into wounds. i just wanted to pose certain questions i thought pertinent. anyways, time for others chime in. Cheers! and all the best for your investments.

@sop - i also need a company to have a track record (5-10years) before buying the stock. just like hiring someone. would you pay a fresh grad RM100,000 salary?

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Before investing RM60,000,000 , probably advisable to hire a Forensic Accountant based in China, Lawyer based in China, Private Investigator based in China and also Assassin based in China (just kidding).

@cariyoyo. interesting points.

-"Mr. Koon must have invested not less than RM60,000,000 on Xingquan"

Really? How did you verify this information? his word? If it was even true, what does it say about his 'Risk Management'?

Another question - should we even be listening to people like Warren.B & M.Koon? Is their style and strategy appropriate for the average investor in Malaysia? Especially in the Malaysian context, where the political whims and fancies can destroy or create value to the tune of 100% overnight?

Again, where is the "Risk Management"? Why isn't this being emphasised?

-"He has not sold any of them but given them away to his children and grandchildren"

Again, this goes back to Poor Risk Management. It is of concern, and may reflect the "I am so old and wise" mentality that affects his generation. I am not impressed.

-"Maybe he thought Xingquan is going to be a winner but it turned out to be a dud!"

Fine. Then sell the bloody company. You don't want you grandchildren remembering you for a 'dud' Gift. And you sure as hell don't want to be 'announcing to the whole world' this information (again, reflecting his mindset).