May 28 2008, 07:17 PM
QUOTE(dsugums @ May 28 2008, 06:19 PM)
I might enter whn Genting finds its bottom or its underwear (which seems lost for now; even my old underwear given not helpful). Meanwhile, I will try to exit the market until the political situation returns to normal. Daily my stakes are being eroded by few percentage points 
On another note, planning to sell off all my stakes by this week to cut loss and re-enter when market is at rock bottom (lose some now and gain much later). Market turning really bearish at the moment. It is really alarming when blue chips are trading below their 52 weeks low and very eager to find lower low.
When FFM runs away helter-skelter, it is advisable to join in the stampede instead of getting stampeded.
You will never know/see the bottom. It is hard to time that correctly. On another note, planning to sell off all my stakes by this week to cut loss and re-enter when market is at rock bottom (lose some now and gain much later). Market turning really bearish at the moment. It is really alarming when blue chips are trading below their 52 weeks low and very eager to find lower low.
When FFM runs away helter-skelter, it is advisable to join in the stampede instead of getting stampeded.
Anyhow, my advice is to average down on good fundamental stocks. Stock like Sime Darby, TM & Genting should be able to guide you thru the storm if you have the $$$ to park for a long term investment.
I don't view and don't think the bottom is here yet. It's going to be a long journey. (2008 might be a cautious year for China & the rest of the world)
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