Waiting for it to move up.
Who knows how long that will take...
SAAG
SAAG
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Sep 7 2009, 09:34 PM
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#1
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Senior Member
534 posts Joined: Dec 2006 |
Waiting for it to move up.
Who knows how long that will take... |
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Sep 8 2009, 09:41 PM
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#2
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Senior Member
534 posts Joined: Dec 2006 |
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Sep 15 2009, 11:24 PM
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#3
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Senior Member
534 posts Joined: Dec 2006 |
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Sep 26 2009, 08:43 PM
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#4
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Senior Member
534 posts Joined: Dec 2006 |
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Oct 1 2009, 09:19 PM
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#5
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Senior Member
534 posts Joined: Dec 2006 |
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 Bursa Announcement This post has been edited by mH3nG: Oct 1 2009, 09:21 PM |
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Oct 13 2009, 10:36 PM
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#6
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Senior Member
534 posts Joined: Dec 2006 |
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...
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Oct 13 2009, 11:00 PM
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#7
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE(Kinitos @ Oct 13 2009, 10:47 PM) The latest Q2 accounts hinted there are signs of tight cashflow problems in SAAG. Any idea on when they are planning to release their Q3 results?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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Oct 14 2009, 01:03 AM
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#8
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Senior Member
534 posts Joined: Dec 2006 |
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Oct 14 2009, 07:37 PM
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#9
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Senior Member
534 posts Joined: Dec 2006 |
That's nice.
I've got a long way more to go before breaking even. |
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Oct 19 2009, 01:15 AM
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#10
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Senior Member
534 posts Joined: Dec 2006 |
Makes for a very good read. Hopefully there will be a spillover of the pre budget sentiment into this counter.
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Oct 24 2009, 12:26 PM
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#11
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Senior Member
534 posts Joined: Dec 2006 |
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... 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?)... |
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Oct 25 2009, 12:57 PM
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#12
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Senior Member
534 posts Joined: Dec 2006 |
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. 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.dun be gambling attitude in stock market. bursa is not a playground for the gambling dun play-play. just sharing. -- http://beta.nanyang.com/Newscenter/article...40&sID=7&cID=10 |
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Oct 25 2009, 03:03 PM
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#13
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE(rosdi1 @ Oct 25 2009, 02:40 PM) Sorry again ... Haha, I'm not averaging down my losses in saag. No more capital to expend.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. I'm taking this as a learning experience if nothing else comes out from this. 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? I agree with zamans98. Btw, I got this off from investopediaThe 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. 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 |
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Oct 26 2009, 01:30 AM
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#14
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Senior Member
534 posts Joined: Dec 2006 |
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Oct 28 2009, 11:51 PM
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#15
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Senior Member
534 posts Joined: Dec 2006 |
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?
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Oct 30 2009, 12:36 AM
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#16
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE(sampool @ Oct 29 2009, 11:50 PM) dun gambling, OK. Isn't buying this counter regardless of the price akin to gambling?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. You're just contradicting yourself. |
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Nov 1 2009, 11:04 PM
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#17
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Senior Member
534 posts Joined: Dec 2006 |
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? Good point. No one would know if the directors have already dumped the shares since they don't need to disclose it to Bursa.I think forummers here should combined their resources and take over the management of SAAG. No offence to anybody just my idea. Here's the RM1million question, have they already done so? |
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Nov 3 2009, 02:00 PM
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#18
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Senior Member
534 posts Joined: Dec 2006 |
Gave up on this counter already. Just sold it at RM0.215 today.
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Nov 3 2009, 11:28 PM
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#19
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE(wildthings73 @ Nov 3 2009, 06:11 PM) QUOTE(sjz @ Nov 3 2009, 06:44 PM) it's a right choice to dispose when the price rebounce, meaning got ppl goreng. 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.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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Nov 4 2009, 12:01 AM
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#20
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534 posts Joined: Dec 2006 |
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