QUOTE(ckgoh3 @ Oct 15 2009, 11:47 AM)
11.45am, SAAG dropped 0.005 to 0.23.
The surge for today is not as high as what we expected, it's struggling to go above 0.245.
The rocket is running out of fuel?
Mr. MakanTidurSaham, what do you think?
When the stock rise to certain level, some will be tempted to sell, that's why I keep reminding people to be FEARLESS...
If too many SELL to take profit (not all of us was underwater), the stock will take a setback, before going up again...
Because after selling, they will be interested to buy back again.
My target remain RM 0.32.
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The reaction of stock market today are predictable nothing major.
There will always people(big n small buyers at 0.205-0.21) want to take short term profit, especially when SAAG going up pretty fast.
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Buy On Dip call remain intact, SAAG's is already out of the "bottom curve", will inch up slowly in the coming weeks ahead. Those who have just enter this stock can BUY, but those who's underwater can reserve their bullets. Target of RM 0.32 remains firm. Smaller investors who don't know the up and down range, I recommend them not to trade so much or else you might end up losing money. Strategy wise, small investors should go for "Investment".
If you analyze the transaction records, you can easily notice (volume 1 lot 1 lot sell) suppressing the stock price, the SELLERS is reserving their stock pile but want you to sell in order to drive stock price lower. Small investors combine is a GIANT FISH, imagine 3000 small investors have 1000 lots each, that's 3000x1000=3 million lots. They need us to drive the stock up or down. If you don't sell, the stock won't go down.
We can see not much fear mongering after yesterday rally, because we hit them in the stomach yesterday.
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For major investment firms, the chart from TA will shift up, meaning their IMMEDIATE SUPPORT will be at 0.23-0.235, HIGHER TARGET will be same as mind now 0.32. (refer back to TA chart)
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Crude oil, Gold price all in the rise, RM on the rise, US dollar new low (will reach 2007-2008 low level 1.56)...due to recovery wind brewing stronger and stronger
SAAG is the best place to put your money now...
This post has been edited by MakanTidurSaham: Oct 15 2009, 02:27 PM