U got it right on the nail head.

I don't invest and follow this counter
But looking at the 6 months daily chart below it don't look good
If I am in this situation.. I will go out now...
If I am still in love with this counter .. I will monitor and only jump in when the indicators are positive
Right now it look like it is going to slide way below the RM0.135 low


Attached thumbnail(s)

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.

This is just for discussion sake:

Say that you had entered in July at RM0.31 you should have manually cut your loss at RM0.27 or RM0.26 in early Aug. The trouble is that if you miss that opportunity it will give you a false hope that the price will recover.
At the current situation my greed side want me to hold in the hope of recovery but I surely will sell at RM0.195

This post has been edited by rosdi1: Oct 6 2009, 03:04 PM

The rumours says:
"In the very near future there will be big top management shakeup in Petronas. "
True of false?

SAAG get nearly 50% of revenue from rig services may be when Petronas cough they can catch flu.

Just for discussion
This is weekly chart.. a very strong one
the line are MA 3 and MA7
Dotted line Fab.

This post has been edited by rosdi1: Oct 9 2009, 03:12 PM


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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

" 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 ''

The only thing that is the same between DIGI and SAAG is that both are 10 sen par.
the rest are world apart.

At 3.00 PM I made a post on IRCB
Why don't you all follow me at 3.00 pm buy IRCB and sell it before 5.00 pm
You could have make your SAAG dream in just 2 hours.
or
Maybe follow me again to buy Rubberex on the open tomorrow and sell it if it had move 5 to 10%

This post has been edited by rosdi1: Oct 14 2009, 12:07 AM

Most good counters will move up to a reasonable price or a bit higher given the time as you so said.
I think what matter to us here most is will it it goes up or down in the immediate future. No point to say it will goes up after it had taken the trip south. If that the case the right trade is sell now and buys later.

It look like SAAG is going to turn to a SAGA.

Looking at how the stock was traded today remind me of 1988 movie title "Noble House" based on James Clavell noble with the same title (he is also the author of 'Taipan")

there was a scene in the movies where Ian Struan the Chairman of Struan & co was in the HongKong share trading room when his company is being raided ... being the hero he won the tussle and the girl as well.

Just look at the SAAG trading today (Attached)

11.4 million shares was traded.
9.8 million was thrown in to the buyer.
It look like both the seller and buyer are not so friendly any more.

If the same result happen as per Noble House movie then we will see the price jump to 32 and beyond and if not I am afraid it have to take a trip south first before heading North.

What should we do... I think we cashed in whatever we can and watch the fight first and we can happily join the winners later if we still have the apatite for this SAGA.

I also think this can be a good case study for our newbie to follow in real life.

This post has been edited by rosdi1: Oct 20 2009, 08:56 PM


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It look like the war continues....
The selling still continues...

Today is more fierce just look at the one sided volume.
14 million had being thrown to the buyer yesterday only 11 million
expect more firework

This post has been edited by rosdi1: Oct 21 2009, 05:17 PM


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After following this... it look like this is a fight of control ... noting to do with the company performance.
so others should stay out for a while..
when the winner emerged we can come in together and make our day

Hey Hey
Now only your strategy make more sense.
1. Dispose current holding
2. Let it drop
3. Wait for the reversal
4. Go in again
5. Don't forget to take the profit later before it drop again.
I know you are going to skip step 1. ... not so bad as compared to continue with just step 4.

This post has been edited by rosdi1: Oct 22 2009, 11:52 AM

Sorry mate I don't agree on the gambling issue.
To me if you want to gamble just go ahead and be a good gambler ... talk only on the winner and the rest keep to yourself.

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.

I am sure this's not the way.
If we feel that SAAG going to double in a week then buy on the 2nd or 3rd day. Don't have to worry if you had miss the initial move in the 1st or 2nd day.
You had avoid the losses if it continue to slide down.

In the first place .. averaging down on a down trend market/ stock is the sure way of losing more.
The right way for this counter is to cut loss (sell it off) and wait for the upward wave to get in again (maybe at Zaman's 18 sen or maybe less)