Sumatec – Rights Play

Do you know you can profit a lot during company’s Rights exercise?

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Technically, rally will continue on Monday. Volume on Monday must exceed Friday’s volume to continue rally on Tuesday if there’s no positive news on Monday.

Expected news would be 100% take up of the Rights. Another positive news such as regarding Sumatec’s PN17 status would boost the price to new highs.

Next move is to take profit half during the morning rally and will decide what to do for the other half based on evening’s volume.

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Bought @ 0.225

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