SAAG - hopeless for now?

Current downtread from point A cannot be wave 2.
Need to recount the wave. (told you, ya can't really use TA with very, very cheap stocks, the chart will not reflect the mass sentiment but just a few partcipants)
Volume is very relatively sad, it make you cry.
Hopeless for SAAG for now.
I will ignore it until there's a significant change (thought want to add a few penny stock in watch list, maybe TALAM is better, I heard the rumor too ). Anyway, this type of penny stocks you need to hold for a very long time (maybe a year) until something happen which can be well rewarded (over 300%). Buy and hold until it rise (as long as it doesn't tutup kedai). Definitely not for trading. Less liquid too. Some of my friends do like this type of stocks.
The last news  Mac 9, 2010 
SAAG Consolidated (M) Bhd expects to turn around in its financial year ending Dec 31 (FY10) as its three rigs begin deployment starting from the second quarter.
read the news here:  SAAG sees turnaround this year
That supposed to be good news but 'nothing' on SAAG on Mac 9, see the chart. Will add future  internet news/report on SAAG in this blogpost. 

saag above: SAAG chart (click to enlarge)
Current downtread from point A cannot be wave 2.
Need to recount the wave. (told you, ya can't really use TA with very, very cheap stocks, the chart will not reflect the mass sentiment but just a few partcipants)
Volume is very relatively sad, it make you cry.
Hopeless for SAAG for now.
I will ignore it until there's a significant change (thought want to add a few penny stock in watch list, maybe TALAM is better, I heard the rumor too ). Anyway, this type of penny stocks you need to hold for a very long time (maybe a year) until something happen which can be well rewarded (over 300%). Buy and hold until it rise (as long as it doesn't tutup kedai). Definitely not for trading. Less liquid too. Some of my friends do like this type of stocks.
The last news  Mac 9, 2010 
SAAG Consolidated (M) Bhd expects to turn around in its financial year ending Dec 31 (FY10) as its three rigs begin deployment starting from the second quarter.
read the news here:  SAAG sees turnaround this year
That supposed to be good news but 'nothing' on SAAG on Mac 9, see the chart. Will add future  internet news/report on SAAG in this blogpost. 

saag above: SAAG chart (click to enlarge)

0 comments: