QUOTE(panasonic88 @ Oct 6 2011, 02:13 PM)
Less than 3-months to close book for 2011 investment but still in negative, jialat.
Need to re-adjust portfolio.
1) Buy badly beaten down quality stock as chances of rebounding is higher
2) buy in volume
I picked UOADEV.
Hopefully can see some fruitful return by year end.
As much as I said before, UOADev is attractive.
But with this stock, can easily end up with more red/negative for this year end due to market sentiment also property boom reach its peak.
Near term or 1-2 year down the road, we shouldn't see properties boom further or boom like previous year pace.
Expectation for property sector should be consolidation phase.
Any buying currently, is not for short term purpose.
But at least 2-3 years down the road.
So be prepared.
One thing good about UOADev is it has little borrowing.
If the company can show sincerity and fulfill its dividend policy, aka or at least 40-50% of its earning, then I forsee investors confidence can be back and put a strong support footing on its share price.
Nowadays, the stock market is very particular on dividend.
Once can consistently give good dividend, stock price will have very strong footing one.
Without dividend, share price can fall like no bottom one.