@Pmaster : Only for short term trading. I'm not buying for keeps.

Gas > usd3
Brent > usd 80
Contract secured > RM800 mil
Qtr Results expected better than before.
All pointing towards a gap up opening tomorrow.
If break resistant at 45cts tomorrow, it will have another go at 49cts. If that is also broken, it will test the 50cts level.
You don't have to believe me. Its just my hunch.

Just a sweetener to lure retailers to buy before announcing the Qtr report. I got a feeling they will start pushing up the share price tomorrow. When the Qtr report is announced and the results are better than before ( which they already know), they have a reason to prop the share price higher. Hence, an opportune time for them to call for EGM and get the RI approved. After that, everything is smooth sailing for them.
Like I said before, if we can't beat them, lets join them.
Good luck all.

Bad timing to announce the Qtr report.

Yes lotus, market sentiment is bad. Index is slipping below support level of 1800. Most probably taking a cue from India.

Looks like index is going below 1800 soon

Okay Uncle Lim, TQ.
@ lotus : Love u too.

@Uncle Lim : Are you collecting at 42cts?
I will too if you are. TQ

Results should be better than before. They are controlling the share price. Share price doesn't want to go down below 42cts.
Here is what I think is going to happen.
1. Results better than before
2. They will maintain the price above 42cts.
3. They will call for EGM
4. The RI will be approved
5. They will push the share price further ie > 50cts
6. The share price will be adjusted after the ex-date to above 40cts.

Happy ending. Everyone will be happy.

Thanks risk. I will try later.

@risk : I use KLSE Screener.

No more force selling & margin call. The only way is up.

Tomorrow up lor.

If OMV doesn't work out, then it will become OMG...hahaha

If PNB is the biggest shareholder, Shahril should be cut out altogether, not just the pay cut.

TQ lotus.
Sorry late reply. At sessions court.

Why is our market not moving up like other bourses?

Myeg never stop going up.

Only retailers playing. No sharks in sight.

Volume & momentum suddenly gone!

Should open higher. Should be moving up today. See whether can break 47cts or not. No force selling yesterday. Today should be good.

TQVM Uncle Lim for responding.

Stay away?

Uncle Lim, what is yr advice? Its okay, its up to us to follow or not.

Yes lotus, you are right, its easy to lose money than to make money.

@likewise : Not yet. Still waiting. If it breaks 46cts, I'll go in. If it goes down to 41.5cts I'll also go in. If stagnant at 44.5cts, I'm not going in.

If can break 46cts convincingly, then will try and test 47.5cts today. If not, wait for tomorrow.

Someone collecting at 44cts.
So far no sign of force selling.
Lets see how it goes. I got a feeling it will move upwards.

@lotus : You are still my sifu. I'm just a novice. Still learning from all of you here.

@lotus : I'm a lawyer by profession, working at my father's law firm.

@apple168 : I'm pushing all the fundamentals aside. I'm treating it as a trading stock and trying to ride along with the tide.

Just ask ourselves this question. Who pushed the price from 33cts right up to 49cts? Thats a staggering 48%. Ikan Bilis? No way.
Somebody must have pushed it. The OMV issue was just an excuse for them to push. The same ppl will push again. I suspect tomorrow. Lets just see.

Dow Jones up > 200 pts
Oil prices up.
A good recipe for Sap to move up tomorrow.
Probably there will be some force selling in the morning. If they can absorbe that, then it will close green tomorrow. Maybe it will re-test the 47cts level. If it can past that, it will move to test the 50cts level.
Just my 2 cents opinion, you don't have to take my word for it.

@risk : I don't think they will allow it to go below 40cts.
The way I see it, they are controlling the price movement. This is definitely the work of the CEO. He wants the price to be attractive before the EGM.

I'm comtemplating of going in tomorrow. I believe it will start moving up tomorrow and continue its journey north towards 60cts. The price will go back down once the Qtr results are out. There is still a lot of room to manoeuvre. As I said earlier, if we can't beat them, join them.
Anyway, good luck to you all.

At closing today, the stock is still up by 30% from its lowest of 33cts. Only 6cts down from its recent high. I believe they are getting rid of the stale bull. Those who bought earlier at cheaper price who didn't throw would have thrown by now. Thats why the volume was so high but the price was just slightly lower. They are waiting for the right timing to push up. In a way Pang72 was right but the only thing is he bought too soon. I think in the end he will make it and sell at a profit.

@Pmaster : I believe there is still room for Sap to move upwards. I still believe they have to push up the share price before calling for EGM. It is possible that it will go back to 60cts. If not all their efforts will be futile. The RI must go through.

Yes, I agree. What you say is true risk.

Your explaination sounds logical lotus. Thank you for the clarification. At least I'm clearer now.

Okay lotus. Thanks. I'm just being cautious. Its a bit worrying as it is now.

A bird in the hand is worth twice in the bush. Cash is king.

Bursa is also at the highest now. The house of cards may come down at any time. And if it does, the whole market will be affected. Not just Sap.

Sooner or later Dow Jones will plunge with a huge correction as well. China is experiencing it now. HK is experiencing it too. We better be prepared, we won't be spared if that happens.

Things may get out of hand.
This is what should worry us most. Clash of the Titans.

China and US plunge deeper into trade war
Read more at https://www.thestar.com.my/business/business-news/2018/09/19/china-to-penalise-$60-billion-of-us-imports-in-tit-for-tat-move/#QKrRQyyobThwx4GH.99

Najib arrested by MACC for RM2.6bil in his account, to be charged tomorrow (Sept 20)
Read more at https://www.thestar.com.my/news/nation/2018/09/19/najib-arrested-by-macc-to-be-charged-sept20/#MHMGZKAxohcZfCxC.99

risk is right.....closed at 43cts.

I noticed Uncle Lim's prediction was right. When the price was around 34-34.5cts, he said his shark's team are going to push the price to around 45-50,cts. Nobody believed him at that time. Everyone was saying its going below 30cts. Eventually, it turned out that Uncle Lim was right. The price went up to max. 49cts.
I'll consider seriously what Uncle Lim says. TQ Uncle Lim.

@lotus : You are my sifu. Learned a lot from you.

If closed > 44cts, most likely will rebound tomorrow. If closed below 43cts, most likely will go down further tomorrow. I will re-enter at 40.5-41cts.

Sharks are luring retailers to buy at 44cts while they are throwing at that price. Be patience and wait for tomorrow. Another force selling day tomorrow.
Most likely closed at 42.5cts today.