Cut half - dumped at 21c
Q half at 0.215.

Moving away to US Market. No hope for this farkin counter.

---

Added on October 6, 2009, 10:48 amcleaned my rubbish. SAAG losses is huge, can't wait any longer. Better get BAC:NYSE - much better option.

This post has been edited by zamans98: Oct 6 2009, 10:48 AM

yeah, i just dumped all mine, now up to 0.22. Never mind, that's life. You sell, it shoot. You hold, it jatuh longkang.

What is this comment for? Seems like an Insult to me?

SO, when you make money, its not gambling, but when you lose money its gambling? Gambling is more towards CONTRA'ing a counter, no cash to hold. Mine are cash - holding for 3+ months. Is that gambling? Are you saying that you're in different league?

[quote=coffeelover1975,Oct 6 2009, 12:00 PM]
[quote=zamans98,Oct 6 2009, 11:53 AM]
What is this comment for? Seems like an Insult to me?

don't misunderstand.
I've been reading through LYN forums and got to know that you are a bold player.
But, recently many people have been discussing about dumping Saag , and that you have been holding quite a while, it would be a waste of effort had it bounce back, as there are no major problems with this counter at this moment.

[/quote]


sorry, I interpreted it wrongly..

---

Added on October 6, 2009, 2:18 pm[quote=sampool,Oct 6 2009, 12:21 PM]
when the stock up we buy, but when the stock crash we sold. How to earn $$? $$ flow out from our pocket. **

when the stock crash, we buy, but when the stock up we sold. How not to earn $$! $$ flow into our pocket. **

**Terms and conditions apply.

This we call investment!!!

[/quote]

There's a flaw : You cannot tell if the market will GO UP for a certain period. Plus KLSE don't support Trailing Stop/ Stop Limit or what ever strategy you may call, as in EURO n US market

The ULTIMATE thing is : NOBODY knows where's the bottom,where's the peak. Even Warren Buffet don't know that. Hence, buy low sell high is a joke basically. I can live with the losses.

[quote=rosdi1,Oct 6 2009, 12:49 PM]
My Friend you re right.. you lost a lot of money by doing that but if you stay on you might loss all.
In the first place that strategy is flaw.

I think we have to buy when the stock is going up. not to wait when the stock is already up.
and sell when the stock is going down (even at a small loss or a small gain ) not to wait when the stock is already down.

How to know?... that is the skill.

[/quote]

The only right thing is LOCK IN PROFIT, no matter $1 or $1000. Asal got profit. that's the right move. No longer BUY n HOLD strategy work

SIDE NOTE: Discussion are meant to discuss KLSE counter only.

This post has been edited by zamans98: Oct 6 2009, 02:18 PM

Of course, every1 purchasing a stock hope it will goes beyond the purchase price.

Then what if you cut loss say RM0.27 that day and 2 days later it breached RM0.35? Greed? Stupidity? Protection?

You cannot call it GREED to hold long. Are you suggesting like EPF is greedy, coz they keep it long terms a counter?

They can, because their MM (Money Mgmt) is good. Not like me. I put 27% of my capital in SAAG. After drop, I did another round of averaging. (mistake)

For my case, I see an opportunity in NYSE, why keep the dying counter if the fund can use elsewhere?

umm, what is your basis for 0.22? FBM up 100 points?

Rilex loh. Who knows it will jump to 30c in 1 year?

So, 19-20c is within reach next few days.

Q 15c then? I will, revenge of the FALLEN

But SAAG is in different league. Any new contracts FY2010? None yet. Plus SAAG is not 100% O&G, so should already acquired non O&G contracts.

What is that going to do with SAAG?

I will call up my contact in PETROLIAM NATIONAL tomolo. Even make 100% change in BOD, SAAG is not their crony..

support - SAAG is not their crony la wei. Kencana, SAPURA, Dialog first. Then the rest.

I dun even see SAAG's footprint in Malikai project anywhere...

hehe

SELL call for SAAG Cut Loss @ 0.18


Basis :
- issue more cheap share and exchange with BOND
- dumping in progress by sharks
- no future contract, not even ITB (Invitation to bid) in any new projects FY2010
- not NTR (N@jib's) cronies
- Weaker USD

People throw, I angkat loh. Hehe.

That is what most analyst do, right? Simply call for Upgrade/downgrade a STOCK and earn.
Not sure in Malaysia as the call does not impact the market much but in US market, it do.

1 week back WFC was upgraded as UNDERWEIGHT and it soared 5% and yesterday was a SELL call by another firm and the price goes down.

Re-consider this before call a BUY

What is the relative price changes in other currency on the Crude Oil Price?

You should track in EURO or GOLD term to see the variance. OIL up because the base price is in USD, and USD getting weaker day by day.

So, for illustration only.

USD down by 5%, Oil up by 4% not because of demand entirely.

Another sample is GOLD:
Gold Price Change due to Strengthening of US Dollar
-2.70
Gold Price Change due to Predominant Selling
-3.70
Gold Price: Total Change
-6.40
Bottom line : a hedge against losses in dollar-denominated assets.

Taking that into account, even if Crude hit $100,the actual value could be say $85 in reality, coz USD is weak.

Oil Exploration company may re-think to do Mega projects due to the price increase.

no la. I'm no sifu, still learning...

You are not wrong there but higher OIL price means more suffering for the economy. Not only car using OIL, but the whole industry, example : factories.

More n more factories are closing down and given current price, its too pricey to run production.Any additional cost is not welcome.

True, they can pass over the cost to the end consumer. but given current economic condition, would u like to buy a product which is expensive? No. Look at the recent earning of big malls, superstore in US. Sales are reducing, profit falling.

Look at oil demand, there's limited. Oil inventories going up big time, because unable to sell. Even credit sales now are limited.

Last year when Oil rallies is purely speculation play. Now OPEC will act on price control. Forget about $100 by year end. Its NOT gonna happen soon.

Look at these hard cold facts before placing your BUY.

Who is purchasing the OIL right now? Tell me. I'm still blurred. Look at the production level world-wide and look at the inventory of oil. There's no demand for oil only over supply of oil.

* Head over to : www.eia.doe.gov and read it through to get some point I'm trying to highlight.


Dude, I know that the collapse was due to non-oil bubble, no disagreement there but the economy is down as a whole. It's effects are viral. So, its not speculation angle I'm talking about.

Putting that all aside, tell me what this gonna have to do with SAAG??. Can they get new contract? That is more important.

No contract - no profit, no dividend, price goes to longkang, plus speculative selling by Shark. OK?

Special Report just for you:

Typically, a decline in stocks would be bullish for crude markets, suggesting that demand is picking up. But it appears refiners are processing higher volumes of crude merely to stick the finished gasoline and other products in storage, rather than selling it to motorists, airlines and truckers. The EIA reported inventories of petroleum products climbed by 3.6 million barrels.

"The only thing the crude market has going for it, as far as a sustained upward move, is an appreciable weakening of the U.S. dollar," said Jim Rittenbusch, an industry analyst.

Mr. Rittenbusch said the world is afloat in crude oil - with higher than average stocks in the United States and a flotilla of tankers storing crude offshore.

Crude prices were bolstered earlier this year by traders who bought current production and put it in storage, while selling it for future delivery at much higher prices.

With the U.S. dollar under pressure this year, financial investors - including major brokerages and retail investors - have flocked to the commodity markets as a hedge against the dollar and against inflation.

"When the curve flattens out, these holders of floating cargoes have incentive to release those cargoes," Mr. Rittenbusch said.

"Some of these floating cargoes will be released into the market, which should equate to some large imports into the Gulf coast region ... and demand is still well below five-year averages."

He expects U.S. inventories to build again as sluggish demand is unable to absorb both current production and the surge in imports caused by the release of floating cargoes.

CHINA is buying because they don't want to explore. I'm in O&G industry,so I know where are their depository. Its better to buy from market. For China, OIL is GOLD of future.

Price propels up because SPECULATIONS, nothing else. SAAG was 19c, SAPURACREST was 55cts. Now SAPURA is 205 and SAAG is 21cts.
problem cost this crappy penny stock have no new orderbook. ZERO means no reason for it to move to 50cts even. So, safe to say SAAG goes up because just following the rest. So, those fundamentally strong move ahead.

I'm not going to argue with you, coz I hold no SAAG. So my analysis is not bias as your, holding SAAG. See you at 18cts..

Burned? LOL, its just a friction of what I have gained.

The capital better used elsewhere than here.

SELL/SHORT SAAG CL 18c

---

Added on October 9, 2009, 7:59 pm

Go down or else I'll shoot.



This post has been edited by zamans98: Oct 9 2009, 07:59 PM

SELL SAAG SL 0.18

Look at the 0.20c sellers Q. Nice.