Well I've been waiting for this kind of drop a almost 2 months already. I have a short shopping list.

Planning to buy more YTLPOWR
Planning to buy Maybulk when the BDI stabilize
Planning to BUY OSK because all their HK-CW actually make them money since HK shares lausai hahaha

Actually it is closer to 8-9% if you count the share dividends (4%) which is being distributed every year since 2005.

FYE 2007 cash dividends was at 0.05 + 0.0375 + 0.0375 = 0.125 per share or 5% at current share price

FYE 2007 share dividend was 1 share for every 25 shares held = 4%

This post has been edited by skiddtrader: Jan 22 2008, 11:53 AM

Wah today and yesterday combine already 100 point down. Still not as cheap yet, but maybe more downside come Thursday.

Well we will be spared for one day if DJIA still falls even with the Fed rate cut. 0.75% is quite strong and they even did it even before their meeting. But as with all rate cuts in the past, after 1 cut the stock market will rise then proceed to fall again. This time if Bernanke say he won't promise another rate cut, the market will go down again just like last time.

A steep rate cut only confirms the fear of recession. Now only waiting for the first person to say they are in recession.

This post has been edited by skiddtrader: Jan 22 2008, 10:01 PM