Jun 19 2008, 08:54 AM
QUOTE(dreams_achiever @ Jun 19 2008, 07:43 AM)
To me, it is moving as bearish trend but i treat it as opportunity time before it rebound back.
For time being, i rather sit here and watch for coming Friday where MPs will vote for no confidence during Parlimeant session.
So by then, it's time to accumulate it. No rush at all.
Just make sure dun catch falling daggers
Yup, it can be opportunity time but those want to buy on dip and for long term investment, then be prepare for a long time to recover, market turns around takes months up to years sometimes. Don't expect market will turn around in next few days or next week or so. For time being, i rather sit here and watch for coming Friday where MPs will vote for no confidence during Parlimeant session.
So by then, it's time to accumulate it. No rush at all.
Just make sure dun catch falling daggers
One needs to treat it as long term FD for time being. For the last 2-3 years, we have tremendous bull run all around the world, time to rest for awhile with economy situation deteoriate, bear might take turn to charge.
Having said that, still little shopping on good fundamental stocks won't harm in the long term view.
But in this kind of bearish market, don't need to rush to buy, slowly wait and slowly accumulate as it could be be a long winter although doesn't necessary guarantee to be a very long one as market is unpredictable sometimes, it depends on how economy situation particularly inflation develops.
No rush to buy when Genting was at 6.00, even personally target for that, now only 5.30, still wait.
This post has been edited by cherroy: Jun 19 2008, 09:00 AM
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