Well, you didn't explain what's the best time to buy and sell...

BIG FISH alway BUY during the DOWN curve of the graph, and SELL during the UPPER curve of the graph.

And SAAG is half way into the DOWN curve and soon on it will be on it's way out.

BUY or SELL you decide..

The past buy signal are indicated in the chart. but that is not important..
for the future we have to wait... maybe for another 6 months. for the black line to cross up the red line

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.

Can you explain the rally of oil price from USD 30 to now USD 70+? Purely due to weakening of the US dollar? How many percent the US dollar has been declining against world currency? Doesn't add up...

Don't tell me the market price for "Old News Paper" rising is due to the falling of RM, cause RM is going up and up against USD.

Dude, all the raw material is going up due to higher demand amid world economy is recovering. No other explanation.


>>What oil price has to do with SAAG?
Direct quote from SAAG official website "SAAG is a key player in the oil and gas sector in Malaysia and the region for nearly 25 years"...

>>No contract - no profit, no dividend, price goes to longkang, plus speculative selling by Shark. OK?
Can you explain what on earth cause SAAG to rally from 0.15 to 0.390 in the first place? Pure speculative? Then what make you think SAAG won't go back up to 0.32 in near term by pure speculation?

This "Shark", whatever you like to call it is pumping it down, that's why it is down...plain and simple. Not because of "No contract - no profit, no dividend", every stocks has a market value, and SAAG's current market value at 0.21 is way way way TOO LOW...

China is buying up the world whether it's for stocking raw material or feeding up it's own hungry economy, bottom line ..China is buying, and buying a lot.

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..

That doesn't prove anything, if you are so well informed because you are in the O&G industry, why you get burn so badly trading SAAG? You are no better than anyone of us.

Bias or not, I believe I have all the winning arguments. As for you, you already sold all your SAAG shares, and now hoping it go lower so you can buy back at a lower price, hoping to cover some losses. You say you are not bias...I believe you.


BUY call so SAAG...

Target price RM 0.32 by year end

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

You know what, you still have the chance to buy back before it shoot up 50c,60c or even 70c in a single trading day. You will be banging your head on the wall if things go my way.

If it goes South then congrats to you, I'll just buy some more...

In the coming AGM i will vote for more shares to be given to Directors & Employees then they will goreng the shares to $1

I will wait at 0.10 ha ha ha ha

" Hey my friends
I dont think it is very smart to average down your loss on a counter.
let look back at this counter.

Best daily up move 20%
Highest gap up 15% closed in 3 trading days

Worst Daily drop 50%
worst gap down 30% closed in 9 days

all this happen before sept 2008 more than a year ago.

At the current price worst case situation
Gaping up: 3 sen to 24
Gaping down : 6 sen to 15 hope this will not happen again
Best daily move : 4 sen to close at 25
worst daily move : 10 sen to close 11sen

So the downside is much worst than the upside rigt now ''

Ya maybe but what else we can do better than...

SELL SAAG SL 0.18

Look at the 0.20c sellers Q. Nice.

Seller's days are numbered, watch out for the coming big sweep

50c, 60c and even 70c jump in a single day

hi, why u so support to this counter??
just wanto know the reason, as i m still holding it till now..

I read from the latest Share Investment October Issue, mentioned that SAAG subsidiary in India will have a RM 200 million oil rig job to start work before the end of year, so hope this will push the price up....

but the strange thing is this news is not new, why can't it react when the news just burst out ??
just wonder is there anything hinder this guy to go up ??
right issue ??

You can go through all my previous posts on this thread if you want to know why, to sum it up...

Selling it right now is the dumbest thing you can do.

Now is the time to buy NOT sell if you have the cash...

Strategy wise, always have cash/other income to average down later just in case it falls even further.

Investment is a long term affair.

"Investment is a long term affair"

Investment in blue chips is a long term affair but not with 3rd liners. I think u got ur investment stategy wrong.

True, so people like you would never invest in a 3rd liners like Digi 10 years ago.