I am done breaking down the 0.110 walls. Collected too many bricks.

US interest rate hike is good. Why? Those oil fracking companies will declare bankrupt faster because of the interest rate, can't pay.

http://www.investopedia.com/ask/answers/061115/how-long-does-it-take-oil-and-gas-producer-go-drilling-production.asp

Break down the 0.115 walls.

We don't need no 0.115 education
We dont need no thought seller control
No dark sarcasm in the Sumatec's classroom
Shark Teachers leave them ikan bilis kids alone
Hey! Shark Teachers! Leave them anchovies' kids alone!
All in all it's just another 0.115 brick in the wall.
All in all you're just another 0.115 brick in the wall.

Have a good day to you all, folks

Bro strategisst, are you going nut at Sumatec?

To have the RI at 0.140 works, those idiot must jack the Sumatec price to at least 0.18 to 0.20. If not, who want to subscribe. After they've done with the RI and with bigger volume of share in the market, we are back to square one again if oil price still maintain around 50 to 60 at the end of 2016.

RI can diluted the price share.

I don't think the shark want to push it too high until those idiot board of directors have some strong fundamental result such "a new oil well" or "oil price hit 60 by end of June"

Those resistance is more like kfc gang. Buy low, sell little bit higher. ;)

LeoLeo, yes the Chart looks like going to move up. Sustainability is the question.
The resistance level is 0.120 and 0.130

I am joining the kfc's gang soon.

Everyone already went hiding, cursing, and effing this Sumatec, especially the top management. They way they handle Sumatec's oil field and the company is like "tiada apa attitude", share holders become the sucker. This type of mentality, is SICK.

Drill one now, generate some extra revenue from the new oil well. From the new oil well, you don't have to beg for funds or get the Arab for donation. By having additional new oil to the book, Sumatec's share price can easily go back to 0.200+

Instead, they just wait for the oil price to hit 65. While waiting, low revenue with possible loss every damned quarter. These is not the way to do business. What kind of mentality?

If Sumatec don't have the fund for the new oil well, just reduce the directors' salary, pump some personal money to Sumatec, and claim back later. Are they just a bunch of "gaji buta"?

The longer Sumatec dragging the sh!t, it is stink to the core. For every up in share price, investors start dumping and won't trust the price to be maintain. I spoke to a few hardcore investors and traders, "Sumatec, too risky, not worth time." Only the idiotic of me still hanging around.

Just my humble opinion. Don't like it, well, what can I say.

Whoa! just drank a 35years old XO brandy on the rock. I need it. ;)

Have a good evening, folks!

which stupid idiot director say start digging oil only when oil price hit 65. Hopeless director. Other country already start digging when price hit 40. Idiot. It takes time to drill for oil.

When you start to drill and find oil at 65, oil price, possible dropping again! Why? Those US shale oil fracking company will start those idled completed rig! Wake up, Sumatec!

Those directors really "cari makan"

Now, I am pissed and effed!

AnaiAnai, that Tan Sri track record also no good. Ask around, those OnG people, about the bitumen plant near Kuantan! When I start to "Total Recall", I am really pissed at myself. ;(

Damn, damn, double damn!

Have a good evening and enjoy your weekend, folks!

AnaiAnai, not conman counter. Only those ridiculous lazy directors sitting on the board, "cari makan" type. A good company will try to prevent their NAME, and Share Price from dropping like ...

After I invested into Sumatec, I recalled my old retired boss, in oil and gas, told me, don't trust that Tan Sri. If I had clear up my ear waxes, I won't have stuck here. What a stubborn s' hole am I. Well, I should had listen to my him.

I am just another human being making mistake.

Have a good evening, folks.

derrickinvestor, once the flu, cold, cough, and fever comes, it will last and make my life miserable for 2 to 3 weeks, and I start talk kok and writing nonsense without using both brains. Once I am ok, I can stay up for 1.5 to 2 years without any medication such as viagra or natural tongkat ali.

How much I wish Sumatec, down for 3 weeks and up for 1.5 to 2 years. Instead it down for 2 years and up for 2 weeks and down again for months. Sumatec's board of directors really caught some bad flu and someone have to retire to smell some roses. ;)

Leoleo, 9 months pregnant lah ;)

"Leoleo, when digging hole and ..., well, need to wait for 9 months. If after one month and oil come up, you are lucky.

Sumatec had been dragging their feet for far too long. Those management really need a kick on the butts. They just like to wait and wait for oil price to move. Well what can I say. Those directors already past 62+ and waiting to kick the bucket. The really need Viagra to move.

Basically, Sumatec is kinda of "tiada apa" type of attitude's company. Lots of investors are getting impatience with them.

Last agm, well, another nonsense meeting. wasting time. you retire, I plan to retire, I am going to retire, RI, 0.140 soon.

Why not, dig and drill more hole and produce more baby... oops! Oil.

Damn, no more drug for my flu and cold.

Leoleo, when digging hole and ..., well, need to wait for 9 months. If after one month and oil come up, you are lucky. .... continue digging again for another hole ;)

not shale oil. conventional land oil rig. if shale, sumatec already closed shop.

Enough of oil market. Next week, buy low, sell high, year end of 2016. 6months of FD. Hmm!, more than FD rate. ;)

Good night, folks!

http://oilprice.com/Energy/Oil-Prices/Is-OPEC-About-To-Surprise-The-Oil-markets.html

Opec, no deal, no oil cap, no change.

Good night, folk!

10:00pm Malaysia time or 1600hours Vienna, Opec press conference

Chairman retired. Who is the new chairman?

AnaiAnai, let me check.

Hmm! Still down. *¿*

Icon8888, please! Me, no "sifu"! Just a normal human being trying to share knowledge.

Icon8888, homeritz, good for you. Add Bollinger band + Stochastic. Learn when to get out. When price start crossing down from the Bollinger top band to mid band, be careful....

Another point, "spike", real or fake within the Bollinger... another way of saying "bull or bear trap"

I got trapped few times. :(

Refer to other indicators or oscillators for confirmation of exit or entry.

Have a good evening to you, Cheers!

p/s: It is good to share knowledge and feel good of being humble, instead being egotistical person.

Icon8888, while you are learning TA, learn the "Bull trap" and "Bear trap" meaning.

Many investors and traders,especially FA, have doubt on the TA. By combining TA and FA, the chances of not getting stuck at the high peak price is there. And the chances of getting in at earlier stage before "Houston, we have lift off"

Remember this, what ever tools TA or FA, investors or traders use,
"Greed always kill the profit."
Most of the time, "Greed murders the profit."

Have a good day to you, folks!

Another TA, "Ichimoku Kinko Hyo" is one of the TA tool I use frequently. You may want to learn that.

Icon8888, just in case you start losing your hairs when TA'ing and thinking, reading too much, blame mother nature or your gene. :)

Good day to you.

Icon8888, I just dropped by, before I forget.

Fibonacci retracement. Fibonacci is important for TA, don't ignore it.
Fibonacci's number, human sentiments and mother nature work closely.

Think about it. Cheers

AnaiAnai, kfc = buy 0.110 sell at 0.115 (if lucky 0.12) , profit of 0.005 - all commission, good enough for 1 meal.
Bucket full of kfc, buy at 0.110, sell at 0.150
Steak dinner, buy at 0.110, sell at 0.180
die happily, buy at 0.110, sell at 1.10

eat yourself, buy at 0.50, sell at 0.110

Icon8888, if you have the time, learn these
Bollinger Band, bb%, Bollinger Band width, Stochastic, MFI, and Wm%R

and also learn how to overlay Bollinger Band on top of the indicator or oscillator. Clear direction.

Good day and invest wisely.

FA,
1st. Public Bank
2nd. Sunway
3rd. high valued stock

Any price below 1, easily for pump and dump.
High priced, not that easy unless someone wants to take over.

Have a good day folks.

p/s: ICON8888, I am sorry for hijacking your article. Cheers, bro.

VenFx, I am not against FA.

Example: look at AWC and IFCAMSC.

AWC, FA = Good, TA = sorry for those trap at high price, distribution start on 18 May 2016 and still continuing.

IFCAMC, FA = Just average, TA= gone case since middle of March 2016, collapsed at the end of April 2016

Just my humble opinion.

Icon8888, sorry if I hijacked your article.

VenFx, yes, practice. But..... don't over depend on or devote to an indicator or oscillator. It might bring you to Amsterdam for holiday. ;)

Always combine.

VenFx, my TA, so so only. My target of using TA is to find the peak before it drops like sh!!!t and bottom before I curse myself for not getting in earlier.

I made lots of mistake in my TA, still I am just another beginner.

Short Term does give a hint whether the medium to long term get screwed or not.

Icon, period is not constant and subject change according to the volatility of that share counter that you are analyzing. Tuning the period to find the appropriate crossing that match that share counter.

Icon, good research.

MACD does generate false signal, such too early and too late. So, be careful. If you want to use and depend on the MACD, use it with these indicators
Bollinger Band, bb%, Bollinger Band width, Stochastic, MFI, and Wm%R

Just my point of view.
All the best to you.

Anyone know who took up the Private Placement on 25th April 2016?

It is the time to buy, not "die kaw kaw"!

Pivate Placement, completed on 25th April 2016, I didn't know!!!

1st Quarter with oil price from USD26 to USD40, still have profit!!!

2nd Quarter with oil price from Apr to May, at USD40 to USD49, June around 47 to 54. I will just put a wild guess of 12mil profit easily.

3rd Quarter, there won't be anymore 0.110 to 0.14 range

4th Quarter, no dividend for sure.

Like what strategisst always do, collect KFC for dividends.

I am still on drug for my cough and flu. I am high on the above statement.

@TheMiddle, you are even better and more optimistic than me. Let see this coming Friday oil rig count looks like and next week coming June 2nd, Opec meeting.

Have a good day folks!

Jajalala, at least you will not get stuck at high price. The highest you can get stuck is around 0.14 and if it ever break the 014, 018, and 0.20 you can easily sell way later (sometime in 2017) for higher price than the 0.20, possible at 0.40 (Nomanland, sound very optimistic.)

This counter is solely on oil. They suck oil from the ground, and later they collect fart gas. Both are for sell. Want to buy? Now, very cheap only 0.115 and 0.110. Next month, hmm! I don't think you can buy at 0.115, most probably higher a little bit. What are the chances for you to get, say, 0.110 or 0.100? Possible. you have to queue to try your luck.

I have full confident of not getting those low price. Huh! Hmm.

I think I am writing nonsense here. Its must be the flu and cold that I am having after taking to some medication.

Jajalala, have a good day. Happy trading, yo!

1 long candle is good enough. 2nd one!! I must be crazy to buy.

Just my idiotic opinion.