6 cents is the lowest so far I can see in the historical chart...
I think 5 cents is possible...
But we don't know if the sharks are collecting already or not now...
^^"

The management/major shareholders have been buying back like nobody's business in recent times (the impairment back in May definitely helping them - hence is it creative accounting? Perhaps). They've attempted rights issue/placement that got shot down by their shareholders earlier. How do these events gel?

1) If they act in good faith and really want more money for their operations (which they are not getting from any rights/placement exercise), perhaps the only way is to:
a) deflate the market price
b) buy back loads of shares
c) impairment having been dealt with in the last quarter, the next quarter will look distinctively better
d) throw in a new project, might even look positive
e) that's when they'll attempt to make a killing, then use the money for rights/placement exercise
(the question is - the price is already so low now, with infusion of new shares, surely the price will be further diluted - so issuing at 10sen seems far-fetched - why would any shareholder want to get additional shares at so high a premium?)

The people who got screwed worse are the investors who ditched the shares while the price is at the lowest ebb. The next batch of investors getting screwed big time are those who wait for the placement/rights issue to happen.

2) alternatively, the company is really going south and headed for pn status soon

The first possibility looks more likely to me because if the company is headed south, what's the point of pouring more of their own money to buy junk shares?

Any thoughts?

This post has been edited by Quigonbond: Aug 10 2011, 03:53 PM

Rubbish shares why bother, let's move on....

Don't do any analysis on this shares...
This share relies on sharks to push it up and swallow your money...
If you wana play save, move on to other counters...
^^

if they still want private placement to take place, they CONFIRM 100% will need to cancel the PAR Value of their share.
as currently their PAR Value is RM0.10 make issuing new shares less than RM0.10 impossible.
while issuing private placement shares at RM0.10 is ridiculous as well...
which idiot would want to buy private placement at premium of almost 40% of open market traded price??

today - its 5cts. wait till 2.5cts??

ｌｏｓｔ　ｍａｋｉｎｇ　ｌｏ．，．．．．．

ｂｏｕｇｈｔ　ａｔ　ＲＭ　０.１４

bought
0.325 1000lots 32.5k sell at 0.230
0.200 1000lots 20k
0.110 3000lots 33k

Now......
damn .
still hold 4000lots in hands 2 year + dy

sells or keep holding ? pls advise

This post has been edited by rememberyou: Oct 17 2011, 01:09 AM

I went to a seminar not long before this... according to them:
hold - good company, one day it will come back
sell - bad company. stop lost, and move on other counters.

i believe saag does not falls under a good company. thats why i choose to sell mine at lost too
bought 0.135, sell at 0.5 & 0.55.

They also said do not waste time on this kind of company. use the money u sell and move to others for profit. time = money.

Sound advice. I'd do that too. Bury the loss (and bad experience) and start anew. The faster you get rid of it the better for your psyche.

simple question...

will saag go up to 0.135?? which is more than 100% increasement

so selling is the right move


BTW...any advice on Kbunai 3115 ...thanks in advance

SAAG chikou facing resistant ® against bottom kumo. Future kumo is still bearish. Until chikou breaks out of kumo, we are still in bearish mode.


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lost too many... grrrr.. scared when i sold..it bull up to 0.100

I choose to wait..

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Added on October 18, 2011, 5:59 pmpray saag rise up to 0.100 b4 end of this year~ and i will just run...

This post has been edited by rememberyou: Oct 18 2011, 05:59 PM

Wouldn't if I were you. Just move on.......... I know it's painful, but under the present circumstances, it would be best. And also, just as important, do not look back to see if the price does go up. Some shares are just soi for some. Clean your hands off it. I'm sure all of us have such bad experience /mistakes too. Learn from it.

Thank you

wow, quite close to mine last time. I cut loss, bleeding heavily.
save the cash, and i hantam MSM, keep trading MSM until recovered 1/3 of the cash.

saag +0.05 - 0.070

Hope u guys huat from SAAG. It so sui for me to buy this counter getting heavy losses.

Recently... saag seem like to push up dy.. someone tell me saag will goreng >0.200

i will sell all if saag < 0.050 and >0.200

who join me?

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Added on October 19, 2011, 10:59 am many ppl getting heavy losses with this sui counter~ now the time to gain back~! buy...

This post has been edited by rememberyou: Oct 19 2011, 10:59 AM

Is time to buy!!!!