I bought at RM10 since last year, and held until now. Finally I have decided to dispose off at RM9.
If I am not mistaken, Monday is payday, so I am worried of further profit taking.
At times like this, better get off the boat before anything worse comes. I am ready to invest the proceeds into high yield counters.

The tariff hike is only 18% and 26%, whereas the cost of gas for TNB has risen almost 100% in a year.
The tariff hike is still not enough to cover for TNB's losses I am afraid. They will still have to absorb a huge portion of the total cost, which will lead to a much lower earnings for FY2008, but should recover a little FY2009.
So until then, I think I would place my money into high yield counters to shield off any possible sell downs on TENAGA again.

I am expecting to see some selldown in the market tomorrow
I think it is time for me to pick up a bit tomorrow.
What would be your strategy? To buy tomorrow or wait to buy on Monday? I think there should be another minor drop on Monday.

Been waiting for such a drop for months
Today I will fire some bullets to get into some attractive prices. Hehe.
God, I hope Monday it goes down some more for me to pick more up.

Damn my counters aren't moving
Come on, drop drop drop.....

Under Bursa's website, you can check under Share Buybacks to see all the companies which have bought back shares for the day.
I don't know though how we can see which company gives back their shares to shareholders except for the annual report.

Ah hah, 2 of my counters are dropping I see
Looks like good news now.

Window dressing is when funds push up the prices of counters to buff up their earnings. Happens mostly at the end of financial year.

Why look for a turnaround in the market at such times?
Even if market turns around now, you might not see profit in your counter.
It is something like "can see but no touch"
I would prefer market to go down down and down until i have settled my buying, then wait until my investment is realised.

May I know what is the significance of TANJONG?
Interested to see some opinion

Well, what about its earnings prospect? What about its growth plans?
The analysis is based on 12 months view, but what about 60 months target, or even 120 months targets?
That is the problem with following "expert" opinions, as you do not really get to understand the business you invests in.
I am not saying their opinions are not better than mine, but I still feel those "analysts" are more or less biased.
Haha, I know I am being sarcastic here But it all boils down to their long term prospects.

Technical corrections are short term.
I agree though that there might not be a big and fast return in such situation.
So, more of a reason for us to have a long term view.

This post has been edited by Jordy: Jun 27 2008, 02:35 PM

Different people have different perceptions on "long term".
For me, anything 10 years and beyond is considered long term.

I don't understand why everyone keep thinking and saying "High oil, high oil, jump ship, doomsday, armageddon or whatever that is negative"? Don't you realise that everyday everybody is repeating the same old stuff?
Sorry for being rude, but is there anyone at all that sees all these things as POSITIVE? Share your views please

P.S. I am not telling off those that are negative ones, but I thought this could be used as an ATTENTION line Sorry if you feel offended by my statement.

Well, yeah I did discuss with you too on that. The previous drop on PBBANK was just a "shave" off my target price to get in
Oh well, guess there is still quite a long way to go at the current price

If I remember correctly, he did point out a few of PBBANK's strengths in your PBBANK thread
So, if you look back at the whole thread, you will find why PBBANK was one of the "5 counters"

I really feel like being in a movie shooting Adam, thank you for entertaining us I am ready for this "fall". Down with DJ and KLCI!!

Well, his statement means it's a time to accumulate yet again