like rolling snake eyes, page-6

The increase in the price of oil recently wasn't really pushing up the share price, which is understandable since our valuation is largely based on the overall price of oil over the next few years rather than whatever it's at today. If oil jumps up $5 per barrel today (it has jumped more than that over the last few weeks) it doesn't really change the valuation of SEA, and we didn't see huge effects on the share price correlating with the jumps in oil.

It goes to follow that a similar fall in oil also shouldn't affect the value of SEA, or the share price.

But, the market is irrational and it probably will hurt on Monday. It's a little difficult to predict though; many sellers who bought in at 5.9c who are still wanting to cash out, and the penny flippers looking to make 10-20% on their money may see this as a bad time to sell, making them stick them in the bottom drawer for a while, and longer term investors may see it as a good time to buy - buy in gloom/buy when there's blood on the streets and all that. It's not my guess of what will happen, but it wouldn't be surprising to see a stable or even positive change on Monday.

Anyway, all we can do over the weekend is read the tea leaves. Monday will be an interesting day. Everyone will have the whole weekend to think about it, and since the majority of the downside is irrational, hopefully the timing of this will be very much in our favour. My guess is a far range of prices over the day, finishing up down but above the daily low. Will be happy if it's better than that, but not too surprised.