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 SAAG

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mH3nG
post Sep 7 2009, 09:34 PM

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Waiting for it to move up.
Who knows how long that will take...
mH3nG
post Sep 8 2009, 09:41 PM

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QUOTE(.:BreT:. @ Sep 8 2009, 09:31 PM)
u talking bout me haha.... 0.367 here hehe......
dont plan to average anytime soon.... smile.gif
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Oh. I thought he was referring to me. tongue.gif
mH3nG
post Sep 15 2009, 11:24 PM

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QUOTE(zamans98 @ Sep 14 2009, 11:36 PM)
Tanked to 23, what next? Fark, big paper losses in this monkey share.

Hold for 1 year, see how it goes.
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You mean a monkey drenched in black oil right?
I'm very tempted to set this monkey on fire... doh.gif
mH3nG
post Sep 26 2009, 08:43 PM

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QUOTE(mazda626 @ Sep 26 2009, 06:54 PM)
SAAG not PN17, sorry....not for time being he he he don't panic

I am refering to other counterpart "Oilcorp".....
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So there's a possibility of that happening in the future? hmm.gif
I hope not, otherwise I'll have to eat the shares for breakfast, lunch and dinner...
mH3nG
post Oct 1 2009, 09:19 PM

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QUOTE(kroegand @ Oct 1 2009, 08:30 PM)
the seychelles guys keep dumping them ... and they still have a lot of them in hand. so treat this counter carefully
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Where'd you get the info from? Couldn't find it anywhere.

Bursa Announcement

This post has been edited by mH3nG: Oct 1 2009, 09:21 PM
mH3nG
post Oct 13 2009, 10:36 PM

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Dude, give it a rest. No one gives a crap about who's right or wrong. The most important thing is to make money. Heck, you can even make money by being wrong (or lose money by buying this counter like me... doh.gif ).
mH3nG
post Oct 13 2009, 11:00 PM

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QUOTE(Kinitos @ Oct 13 2009, 10:47 PM)
The latest Q2 accounts hinted there are signs of tight cashflow problems in SAAG.

Profit from operations = 5.8 mil
Finance costs = 9.4 mil

Wait for Q3 financial results for confirmation, SAAG is another Oilcorp wanabee or not
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Any idea on when they are planning to release their Q3 results?
mH3nG
post Oct 14 2009, 01:03 AM

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QUOTE(mazda626 @ Oct 14 2009, 12:58 AM)
Our fren oredi zzzzzzz zzzz SAAG goes to 0.32 rclxms.gif
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Too bad the stock is not as hot as this thread... biggrin.gif
mH3nG
post Oct 14 2009, 07:37 PM

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That's nice. thumbup.gif
I've got a long way more to go before breaking even. blush.gif
mH3nG
post Oct 19 2009, 01:15 AM

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Makes for a very good read. Hopefully there will be a spillover of the pre budget sentiment into this counter.
mH3nG
post Oct 24 2009, 12:26 PM

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QUOTE(mazda626 @ Oct 24 2009, 09:22 AM)
Terjun Long kang wei.....better run as rasional novice rather get burn violating Warren Buffet basic rule no. 1 - never loss the capital... hmm.gif
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True but Buffet is a value investor not a trader. Therefore he hardly losses his capital and can afford to say, never lose your capital.
But if you're buying counters like this, you're effectively a trader and therefore his rule no 1 doesn't apply all the time. As a trader, you must know when to cut loss. Otherwise it'll eat into your capital. For those who bought it in the 20-ies range then its better to cut loss now before it goes lower (to 18 sen?)...
mH3nG
post Oct 25 2009, 12:57 PM

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QUOTE(sampool @ Oct 25 2009, 11:30 AM)
i wonder why ur bought saag in the 1st place as ur already predit it will be down.  unsure.gif

dun be gambling attitude in stock market.  bursa is not a playground for the gambling dun play-play. sweat.gif

just sharing.
--
http://beta.nanyang.com/Newscenter/article...40&sID=7&cID=10
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No one buys a stock expecting the price to go down unless you're shorting it and I didn't just buy the stock a few days ago, it was a few months back when it was way above 30 sens. On hindsight I shouldn't have bought it in the first place but seeing as I'm already stuck, I might as well be a long term investor in the company.
mH3nG
post Oct 25 2009, 03:03 PM

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QUOTE(rosdi1 @ Oct 25 2009, 02:40 PM)
Sorry again ...
I don't think averaging losses is a good strategy compared to taking the losses now and monitor the situation.
Only go in when the evaluation is already positive (more often than not you will never get to this positive situation).
Or forget this counter and go into a better one.
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Haha, I'm not averaging down my losses in saag. No more capital to expend.
I'm taking this as a learning experience if nothing else comes out from this. laugh.gif


Added on October 25, 2009, 3:07 pm
QUOTE(zamans98 @ Oct 25 2009, 02:55 PM)
Gambling and Investing are two different issue, please put in your mind that people buy a counter, hope the price will appreciate, ok?


The difference between investing and gambling is the risk and return tradeoff.

In investing, the odds are generally in your favor, but that doesn’t mean you’re going to make money.

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I agree with zamans98. Btw, I got this off from investopedia

QUOTE
What is the difference between investing and speculating?
The main difference between speculating and investing is the amount of of risk undertaken in the trade. Typically, high-risk trades that are almost akin to gambling fall under the umbrella of speculation, whereas lower-risk investments based on fundamentals and analysis fall into the category of investing. Investors seek to generate a satisfactory return on their capital by taking on an average or below-average amount of risk. On the other hand, speculators are seeking to make abnormally high returns from bets that can go one way or the other. It should be noted that speculation is not exactly like gambling because speculators do try to make an educated decision on the direction of the trade, but the risk inherent in the trade tends to be significantly above average.

As an example of a speculative trade, consider a volatile junior gold mining company that has an equal chance over the near term of skyrocketing from a new gold mine discovery or going bankrupt. With no news from the company, investors would tend to shy away from such a risky trade, but some speculators may believe that the junior gold mining company is going to strike gold and may buy its stock on a hunch. This would be speculation.

As an example of investing, consider a large stable multinational company. The company may pay a consistent dividend that increases annually, and its business risk is low. An investor may choose to invest in this company over the long-term to make a satisfactory return on his or her capital while taking on relatively low risk. Additionally, the investor may add several similar companies across different industries to his or her portfolio to diversify and further lower their risk.


This post has been edited by mH3nG: Oct 25 2009, 03:07 PM
mH3nG
post Oct 26 2009, 01:30 AM

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QUOTE(rememberyou @ Oct 26 2009, 01:23 AM)
tmw i will buy 100lot to averaging losses .
my neighbour tell me saag will rise up soon.

dun miss the boat
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On what basis will it rise?
mH3nG
post Oct 28 2009, 11:51 PM

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But oddly enough, it doesn't want to drop past 21sen even though the shares are being sold by the truckload. Is some shark nibbling at it in hopes of reducing the float and manipulating the stock later? rclxub.gif
mH3nG
post Oct 30 2009, 12:36 AM

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QUOTE(sampool @ Oct 29 2009, 11:50 PM)
dun gambling, OK.

If this stock will not gulung tikar within this 2 months, then i will expect the rebound will take place in february next year. Expected 0.30, but during that time many stocks will also rebound more then it lioa.

Buy call 0.15. listen to me is ur own risk.
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Isn't buying this counter regardless of the price akin to gambling?
You're just contradicting yourself. rclxub.gif
mH3nG
post Nov 1 2009, 11:04 PM

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QUOTE(alenac @ Nov 1 2009, 10:49 PM)
Aren't share issuance via conversion of borrowings to more shares hinted that the company is unable to return  the money borrowed. Nor to get additional borrowings to return the money to the bondholders. Most of the dilutions have put top management cum shareholders shareholdings to below 5% whereby no disclosures are required to be announced to SC as well as putting them in a positive position if they have already parachuted from the company without the knowledge of the shareholders?

I think forummers here should combined their resources and take over the management of SAAG. No offence to anybody  just my idea. drool.gif
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Good point. No one would know if the directors have already dumped the shares since they don't need to disclose it to Bursa.
Here's the RM1million question, have they already done so? hmm.gif
mH3nG
post Nov 3 2009, 02:00 PM

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Gave up on this counter already. Just sold it at RM0.215 today.
mH3nG
post Nov 3 2009, 11:28 PM

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QUOTE(wildthings73 @ Nov 3 2009, 06:11 PM)
Glad to hear that.  smile.gif
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QUOTE(sjz @ Nov 3 2009, 06:44 PM)
it's a right choice to dispose when the price rebounce, meaning got ppl goreng.
btw, rude post from a rude member has been reported to admin, i don't think lowyat members and lowyat admin will welcomes these type of rude ppl here, here is the place in which we share our opinion politely, not for those rude and uneducated ppl to act like gonna fight here
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Yeah, I figured that there's no point in holding it because although its painful to bite the bullet now that its down by so much, I'm losing out on opportunities to recoup the losses elsewhere. So one must also think about the opportunity costs vis a vis holding it in the long term.
mH3nG
post Nov 4 2009, 12:01 AM

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QUOTE(mazda626 @ Nov 3 2009, 11:38 PM)
That what we called 'rational investor'. Even Warren Buffet, G Soros & Peter Lynch cut loss. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1  biggrin.gif
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Heh heh, I literally walked all over Rule No. 1 when I sold the shares today. doh.gif

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