Always expect the unexpected with this stock.. It may lie low for weeks and suddenly jumps by one dollar in one day.If you do not stay invested you will miss the bus at the current levels.. Having said that there are two major catalysts for SAY in the near terms..

1) L&T selling its stake thru private placement..They may sell the entire lot to either Mahindras or to a mutual fund at a premium.

2) Settlement of Upaid case which is in advanced stage as per the CEO. People in India say the stock could move by INR 30 on the day of announcement and we may break out of $7 in ADR.

The new orders will give support to ensure that there is no sell off.. Long term players may buy from Jan onwards.. If you wait for a longer period you will end up paying more for this stock and also miss any possible spikes..

It appears that $5 is a solid support as of now..