Dateline nearing? October is at its tailend, but still no sign of forward movement. he..he..

So where are we heading today. Northbound or Southbound?????

Than it is good news Captain Looiks. My analysis of various Rights Issues shows that price tend to move much higher after Process 5.

RI Process. Currently Sumatec is at Process # 3. So how long to reach proces 8(vi) is anybody's guess.

1.Multiple Proposal
2.Signing of SPA
3.Application To Bursa
4.Application Approved
5.Notice Of EGM
6.Letters to Shareholders
7.EGM
8.Announcement of Dates
i. Ex Date
ii. Entitlement Date
iii. Date for commencement of trading of Rights
iv. Date for despatch of Prospectus
v. Date for Cessation of trading of Rights
Date for announcement of final subscription result and basis of allotment of excess Rights . . . Securities.
vi. Listing of the Rights

Wow!!!!!! So Captain Looiks statement is going to be proven correct he..he.. (October is around the corner!!!!!)

march yes anything is possible. Caution is required. Let us wait and see, until then we have to trade cautiously.

31 December is the dateline to buy Borneo Oil. Due diligence must ha ve been positive, and that is why application to Bursa for RI approval was submitted recently. So December 31 is the day to look for. My personal opinion after readingthe Mul tiple Proposal. . .

Brent stabilised at 80-86,so Sumatec to stabilise at 30-36 Hi.. Hi..

Captain Looiks has given an hint this morning : "Bfast" means BE FAST and not BREAKFAST he..he..

"bfast" mean be fast or breakfast he.. He..

No Deepavali bonus. Hoo Hoo.

Thosai

Nobody going to bite the bait as all are preparing to have a full meal of those with mutton curry. Happy Deepavali and hope all Sumatra are blessed with good profit in trading Sumate. Hi.. Hi...

The name of the game "PUMP AND DUMP". To day is the, 20th of October he.. He.

Lap 3 in October still struggling Captain Looiks. Any way today is 20th October another 8 trading daysfor a mira cle??????????

We are in the third lap of October'14. Sumatec still in its slow cruise mode and still waiting for the miracle by October. he..he..

Anyway my entry point initially was between 27sen to 30 sen and yesterday entered again at 30 sen. Anyway this is all in the game for fun as this is our money and our decision. he..he.."OCTOBER ROUND THE CORNER" not interested as I am long term and will wait for Sumatec to hit station 150.he..he..

Oh ya Komnas, today is 17 October and another 14 days. Waiting to see whether the price can hit 45 sen as in Sept'14. The announcement noted but doesn't change anyting for now. Captain Looiks , October is just round the corner and will end soon and we will be seeing November. he..he..

Yes woman_x, 32 is the bait and 30 will be the trap.

The most appropriate word to describe the stock market is "BLOOD OCTOBER" or "BLOODBATH".

http://www.marketwatch.com/story/warren-buffett-isnt-worried-about-this-market-2014-10-16?dist=beforebell

Sumatec pumping peanuts from its oilfields but drop as though they are a big player.Shit man. These are all stories of the syndicates. Sapura Kencana has got reason to fall due to dip in oil price but not this toilet paper "Sumatec" hahahahaha

SKPetro drops due to dip in oil price. Sumatec drops becoz of some cunning syndicates.

bangonluck yes, it is just a game among themselves and will trap some innocent novice buyers.This is how they make money, living on the misery of others gives them satisfaction.

Just watch how they play the game. Block at 30.5 and sell at 30 sen than unblock. So we know now who are the syndicates here.

European markets open higher

Dow Jones Future is up by 46 points as of now.

Tonight Dow might recover from its losses.If that happens tomorrow we can see some rebound.Yesterday it dropped almost 8.6% from its 52week high. Analyst had predicted a 10% drop, but 8.6% might be its low and rebound is in the horizon. let's hope it does recover and help some of these forumers who I believe have some big losses on Sumatec.

Invitation to buy (BAIT) was set at 32sen. Once you bite it price is smacked down. BEWARE guys.

Simon84. Thanks and your advice seem more professional in approach. If we can help our fellow forumers we should do that and should not mislead them and live on their misery eventhough it is their money. As novice investors sometimes they tend to fall prey to such conman and get burned.

No sellers but still price drop. What does this indicate. Left pocket to right pocket then right pocket to left pocket. Psychological strategy to make novice investors to sell to cut their losses. This game needs mental strength as well.

They put a roadblock at 33sen, to mislead us to believe that the price will not go below 33sen and want us to buy at 335 sen. Once we makan they will remove the roadblock and hammer the price down to 32sen.

LouLi yes you are correct. But later you can see some conman coming out and say you sell I buy.In fact they are selling and buying themselves to mislead some investors to bite their bait.

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

Can keep track of live crude oil price movement here if interested.

Oil price recovering.Hope for the best.

Sharks are swimming at location 335. Dont go near guys.They will trap and bring you to station 32

European markets are recovering from their low today after positive indication in the US. US markets futures are all in the positive and Dow is expected to open much higher.Earnings report are all showing good numbers. So what to expect tomorrow. I think KLCI will rebound and so will Sumatec.

Captain Looiks I don't think anyone is selling. It is the syndicates who are putting up a show as though there are sellers and buyer. THis is a bait to trap innocent investors. Who are the syndicate?????

Yes Ozzie.This is purely some stupid sharks play. Dont bite their bait.Let them eat themselves until they die hahahaha.

Last buy 0.345 sen also they smack down closing to 34sen. Tomorrow be prepared for 30sen ,

Lucas Chan : Saw your comments about Takaso and true enoughy they have spiked. So will your take on Sumatec come true.

European Markets are all down. Be cautios guys. Don't bite the bait if you are on Contra!!!!!.
Nikkei down by 300 over points. It is a sea of blood everywhere!!!!!BEWARE.

I wont be surprised if they push below 34 sen today. Be careful,Same trick "Bait and Trap". Stay out if you are a contra player. The more you feed them the more hungrier these rascals become.

THE STRATEGY : they will push PD to look green to deceive us thinking that Sumatec will move as well. Once we buy in they will smash the price down. This is the game of the CHEATS. BEWARE a sign which we normally use for DOGS ya.

Oversol and chances of rebound is good. However, be cautioa and dont get trapped. Sumatec is a "Bait and Trap" game. Dont play Contra.

http://www.marketwatch.com/story/this-is-the-most-dangerous-stock-market-since-2008-2014-10-13

John King nice article and should be taken seriously

What is the point for Sumatec to make profit but makes its shareholders lose money

Magic word "THIS IS OCTOBER" Ha.. Ha waiting ffor the moment, another 18days, of which there are 13 trading days.

Captain Looiks