I would suggest staying away from GLCs and UMNO crony companies.
I'm looking at Genting annd PBbank as a good bargain now as these companies do not depend on government's handout to survive.

Just need to know when dust settles.

How about bursa?

think it will dip further... any chance below 8?

Will even go to RM6 if you check it's prices compared to KLCI index.

keke....equine patrick lim must be teh tiau lampa chi. contract kena hold in penang and company share drop 50%.

yo singh, dun describe till so "yellow" la

This post has been edited by panasonic88: Mar 10 2008, 03:56 PM

should buy PB stock at RM9.50, is it a good price to buy?

ALAM purchased 1.68, closed at 1.69 ---> my favourite mid-cap O&G company

Notable recoveries that I'm tracking:

IJM's from 5.25 (low point) to close at 5.85
GENTING from 6.00 (low point) to close at 6.20

Alam is oil and gas stock, right ? It is rated as good buy.

Is it GLC or political stock ?

No idea whether it is a GLC or political stock. I'm not an analyst by profession or trying to recommend any stocks, but I like its business model, have read its financial report and AMresearch recently gave a target price of over rm3.

It's not pretty. Am in the markets. Heavy selling seen across board. Nothing was spared. After circuit breaker, things were worse (or chaotic i should say). Orders couldn't go through. System hang. Institutional clients shouting and screaming wanting to get out but to no avail! Selling should probably resume tomorrow if everything remains status quo.
Believe this is not bottom. Only bargain hunt on high yielding and good fundamental stocks. Should avoid politically linked stocks. Though MRCB looks interesting but I'll probably look into it at RM0.80.
Obviously stocks will low foreign ownership will be least hit, I'd prefer to stay on sidelines.

One word to sum it up! UGLY!

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Added on March 10, 2008, 9:28 pmDon't forget, everyone expects selling pressure to intensify at 3p.m. when UK traders come in. However, due to circuit breaker, they didn't quite have the chance to sell. Moreover, with system being jammed up, it's worse.

This post has been edited by Silveru: Mar 10 2008, 09:28 PM

so strange today market suddenly back with 20point ... as US market dropped last night, shouldn't it be dropping again??? And regional market oso drop...

my best gain for today is : i made my mind what stock i should focus and buy during next round of correction (not easy to achieve this as when market is on big sales, everything seems cheap, but they arent actually, 900++ out of 1000 counters are down, you need time, observation & homework before rectifying which should buy, which shouldn't)

that is my best profit which i made on yesterday & today

You talk like professor Pana.

Do not get what you mean, blur blur.

aiseh, seriously

never mind, as long as i can see the lights, enough

Thanks to bargain hunters.

Yesterday drop 10% already, no room for further down as market is oversold. Even want to go lower, it will have some technical rebound first. If you are familiar and stay long enough in the market, then you will know market will not fall straight down one, sometimes it takes months even up to a year to reach the bottom.

thanks...

Can see a lot of "kacang putih" sales volume now, especially on blue chips

But I was thinking .... IF one day Pahang fall under Islam party... then genting ...bye bye ..

Just assuming..

There is no assuming in stock market, either yes or no.