Saag...4qtrs report is out for FY2010...danger!!!

4th qtr report is out on 28th feb 2011...

Qtr_______Rev_______Profit/Loss_______EPS
1qtr______12,793______4,895__________0.31
2nd______43,104______1,981__________0.11
3rd______23,623______13,541__________0.75
4th______39,641______(-29,834)________(-1.65)

this is the result of Saag for financial year 2010....

....look...on the whole we could see the revenue is improving quater on quater...but 4th qtr see a huge loss...why???? that is what i dont understand...

now, let's compare FY2008, FY2009 & FY2010...to see the trend...

FY ended_______Rev_______Profit/Loss_______EPS
2008_________542,130____30,545_________4.89
2009_________160,443____(-8,789)________(-1.03)
2010_________119,161____(-9,417)________(-0.52)

....scarry!!!..we could see declining revenue and declining profit...not good!...and EPS is still in negative....the company is at loss...

at first, i thought there's going to be a good turn around story bcos of good result from qtr1 to qtr 3....but...4th qtr FY2010 turn saag turnaround story into a mess!...look at FY2010...if revenue is up and shows good profit from qtr 1 to qtr 3...why suddenly registered a HUGE loss in qtr 4???? That...i dont understand....

but..this i do know....tomoro i have to say goodbye to saag...game over! I LOSE...

Saag & Jotech rocks...

penny stocks fever.... :)..how long it could last...

saag and jotech inches upward...closed stronger volume and higher price...for tomoro let's add up into watchlist...

1. Saag
2. Jotech
3. Ramunia
4. Talam

...expecting Ramunia and Talam to get more volume tomoro...

also noted...taking profit morning session...then got afternoon push to close higher....the signs of a bull...

Happy CNY 2011 - Rabbit yr..full speed ahead

CNY today...yesterday bursa half day till 12.30 only..closed early for makan besar...today public holiday ler...

based on strong closed yesterday...market seems like poised for a 'spring' start after CNY is over...and i assume stronger after Cap Go Meh...hungry ghost = hungry traders/investors... :)

hoping...slps CNY holiday still got time to accumulate cheap..as most counters has shown signs of moving up...

prior to CNY..penny stocks dominate majority active list...keep watching these penny stocks...

1. HWGB (tin mining) ~> 0.905
2. Jotech (metal press and diversified) ~> 0.145
3. Saag (O&G engineering) ~> 0.130

Basing on just TA...
1. HWGB... alredi rocketed...wait for consolidation if want to enter...
2. Jotech...first peak done...consolidate then rebounded...and now broke ceiling 0.14...closed at 0.145 yesterday...with stronger volume, stronger price upward movemnt seen...cup and handle formation...but big question is....wat the TP??? how far can it go???
3. Saag...is making a huge comeback from bottom....bottom sealed at 0.09...rocketted to touch first peak 0.15 before consolidate to 0.12...but yesterday closed at 0.13 with stronger buying volume...also noted cup and handle formation...

Basing on just TA again...if i got 10K of capital...i might go for Jotech (50%) and Saag (50%) on a few reasons...
1. Increasing Volume and Price (for the past 3 days)...might want to wait for 2 more days after CNY to see the trend (but it might be too late to enter by then?)...
2. Both had formed 1st peak....just finished consolidation and rebounding up...to reach 2nd peak (donno where)...so until 2nd peak is formed still got the upward potential...
3. RSI still not in overbought..MACD looks bullish...
4. No signs of 'Game Over' yet for these 2 counters...

Commodity (metal, coal & crude oil) is on the rise at the moment...so potential is there...but....do remember this is more of a TECHNICAL PLAY...so
1. Quick in and Quick out...
2. Set Cutloss...
3. Watchout for sudden SELLOUT...

Again..Happy CNY...enjoy ur holidays...

**Reminder: this is not suggesting tat the readers should buy the above counters...do watchout for the risks involved...risiko sendirian berhad...