This is not good. Not good at all. The trade war is escalating.

The Trump administration slapped 10 percent tariffs on $200 billion worth of Chinese goods Monday and said those tariffs would rise to 25 percent as of Jan. 1. China retaliated with its own tariffs on $60 billion in U.S. goods.

After GE, Sap was trading at 80cts and Myeg was trading at 68cts. Now Sap is only 43cts and Myeg is rm1.77.

Myeg is slowly creeping up to rm2. Everyday up this counter.

Sharks already sold their portions at 47-48cts. They already made hefty profits buying at 34-34.5cts. Now they let the share drift lower due to force selling and margin call. They are waiting for the right timing to pounce back for another round of buying. If you can't beat them, join them.
Good luck all.

A responsible and accountable CEO is like TS Francis Yeoh of YTL. He will take care of the company and the shareholders first by giving dividents and buy back YTL shares if they go down. Why is Shahril not buying Sap and prop up the share price now when he used to claim that Sap should be trading at 20% more than the NTA ie rm1.58x20% = rm1.89. He was talking crap and lied to the shareholders.

I agree with lotus. The CEO cannot be trusted. He will do anything as long as he gets what he wants. He doesn't give a damn about the shareholders or the stakeholders. A very shrewd and arrogant businessman indeed.

The deal with OMV is still not signed & sealed yet! They still cannot agree on the amount and the figures and are still working on it. I agree with lotus, if the deal is called off, the share price will again spiral down. Maybe this time lower than 33cts. Lets keep our fingers crossed that the deal will pull through.
We have 3 things to worry about now.
1. The OMV deal.
2. The coming Qtr report
3. The RI
Hopefully everything will be okay.
Good luck all.

@aaabbbccc.....if we look at the share price movement, the volume and the momentum, it seems like someone is having a dubious game plan. For all we know, it could be the CEO.

They must go through 3 stages of approval.
1. Central Bank
2. Securities Commission
3. Shareholders at the EGM
If they cannot get these 3 approvals, the RI cannot go through. So far, they haven't got all of the above.
If you ask me, it will go through, provided the current share price is attractive. As a matter of fact, we are beginning to see it moving now. As we can see, they are desperately trying hard to maintain the share price above 40cts before the EGM is being called.

Is has already moved up from 33cts to 49cts ~ a staggering 48%. It is now taking a breather to consolidate its massive gain. It will move up again soon. Must always keep an eye on this counter bacause the movement will be very fast.

Until now they haven't got greenlight from SC yet for the RI. Thats why they cannot fix the date for the EGM. In the mean time, they will try and create some 'good news' to spur and blow up the share price. They will do this a few times to get easy money from retailers. We can go along with their game plan but we just have to make sure we are not caught in their trap. We can benefit from this if we play our cards right and not greedy.
Good luck all.

I'm worried about 3 things.

1. Correction of Dow Jones in view of the trade war with China.
2. Crashing of Asian markets, which is shown some signs now.
3. Something unfortunate happens to our PM. Bear in mind he is already 93 yrs old. If anything happens to him, there will be power vacuum. Who will take charge? Wan Azizah? Market will surely drop by at least 300 pts due to knee jerk reaction.

We have to be alert all the time. Good luck all.

Those who bought earlier will throw in the nx few days. The selling will aggravate further when the Qtr report is out in 2 wks time unless the CEO has other dubious plan.

If the OMV news was so good, they would push it up until limit up on the announcement. But that didn't happen. The OMV 50% buy is not yet confirmed. Thats why when the news was out, the price didn't go down like it normally should. They can still speculate. They banked on the news as a reason to push the price up. Then they will push it down again. The Qtr report will come out by the end of this month. As usual, Its not going to be good. They will push the price down further as an excuse. Thats the time we can go in. I believe they will play a few rounds before the EGM. However, we won't get 33cts like it was before. We can buy on weakness and during heavy profit taking. Like i said before, they have no choice but to push up the share price to an attractive level to make the RI possible.
Good luck all.

Thank you lotus for explaining. Good luck to pang72. Really hope you will make it. I'm not as brave as he is. I sold all at 47cts with some profit after averaging down at 34-34.5-36 cts. I'm now waiting to re-enter at 41cts or lower.

Why all of a sudden pang72 keeps on flooding this forum with his comments? He has never done this before. What is he trying to prove?

There is always time to buy, but its always almost impossible to sell. Thats the truth about the stock market trading.

@pang72: This stock can hot for certain weeks...
14/09/2018 16:28

This stock everyday hot maa.

@nuke....hehehe

Wait for nx wk to buy back. Those bought at 34-34.5 yet to unload. Nx wk will be cheaper meh.

Only now profit taking.
41cts I go back in.

Almost 4pm, still no sign of going down. Maybe will close higher.

rr88....I intend to do the same also. Sapnrg is a trading stock now.

My reentry price will be 41 cts. I believe cannot get below 40 cts already. Those who bought at 34-34.5cts are looking for right time to unload. Then I will go in. I'm sure they will play a few rounds before the EGM.

I believe so too pang72.
Still waiting for a pull back to re-enter.

Thanks pang72.

SuperPanda, any chance of Sapnrg making profit this time? If they make profit, price will sure shoot up meh.
What do you think?

When up, a lot of stories come out. Before this all negative news. Some even say going bankrupt.Some say 30cts. To me, just do what you think is right. After all, its your hard earned money mehh.

Thank you Uncle Lim.
Congratulations to you too.

50cts before noon closing

Will break 50cts today obviously.

Obviously they will push further. The higher the current price the better. The RI will be sought after because very cheap at 30cts only.

Brilliant move by the CEO. Everyone is happy.

Those who subscribe RI can buy at 30cts later on. Now it makes sense.

Funny. No profit taking. Just like yesterday.
Good sign maybe.

Volume very good. Still got hope to up further.

Sapnrg has become a trading stock.

I'm waiting for a pull back.

Maybe its true. Still looking very strong.

Me too. Not greedy. Wait for nx round also.

Good luck to all those still holding. Maybe can still go up.

My target only 46cts....got 47cts ok laa

Sold all at 47cts.

Institutions will start chasing to get the cheap RI

The RI at 30cts suddently becomes very2 attractive now

Amazing....

OMV still collecting? Those collecting are definitely not sharks.

Possible 50cts today?

wow...

A lot of foreign buying yesterday. Maybe OMV started buying from the open market, who knows.