Sell when the market opens. Don't let this blind enthusiam fool you. IT ain no recovery yet.

For me, personally i'll go for those cheap but strong fundamental with good financial background counter which have drop more than 70-80%.
Its current price will be close to RM1 or lessser better. Its main shareholder should have big players like EPF, Valuecap, Tabung Haji, Angkatan Tentera fund etcs for support. I also look for the stocks which have strong shares buy back from its own main shareholders.

Reason:
Lesser room to drop more compare to other expensive counters which have drop so much yet.
Easier to sell off as cheap means more unit quantity and any slight rebound can make profit
Cost of average down is cheaper since its price already low.
Have big shareholders/fund managers to hlp hold or push share price up when market recover abit.
Cheers,
v_viper88

I had seen plenty of people are interested in penny stock, because people general view it has not much less for the downside.

Just a remind, some stocks are not cheap although price is cheap.

The room for the downside for low price stock is as same as high price stock.

For a stock that is Rm10, drop to RM5 is seen severe drop (-Rm5), but a stock of Rm1.00 drop to Rm0.50 is seen as minor drop and not much (-0.50).

But in the end of the day, they are same with 50% drop. So if one invest the same amount of money (either buy 1 lot in RM 10 or 10 lot of RM1.00), still one lose the same amount of money.

Yeap.. tats what i says..stock that drop alot away from its fair value will have a better chance to shoot up higher n faster.
I've already stated earlier some of my stocks in my watching list waiting to grab when its price drop. I think its in V17..

YTLPowr-WB
LIONIND
MPHB
Zelan

This one abit expensive...need to drop more
IOICORP -
RESORT -

Cash acct to invest is good. 

Cheers,
v_viper88

GDP, Jobless claims, Chicago PMI, Durable goods, Existing Home sales......do these data make you shiver in fear?

Sell on the rally, buy on dips.

---

Added on November 24, 2008, 2:22 amQuoted from Citigroup Message Board @ yahoo

Somali Pirates in Discussions to Acquire Citigroup 21-Nov-08 01:30 pm Somali Pirates in Discussions to Acquire Citigroup
November 23 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said.

"You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to
offer the shareholders anything," said Ali.

The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS's are backed by the cash flows from future ransom payments from hijackings in the Gulf of Aden. Moody's and S&P have already issued their top investment grade ratings for the PRBS's.

Head pirate, Ubu Kalid Shandu, said: "We need a bank so that we have a place to keep all of our ransom money. Thankfully, the dislocations in the capital markets has allowed us to purchase Citigroup
at an attractive valuation and to take advantage of TARP capital to grow the business even faster."

Shandu added, "We don't call ourselves pirates. We are coastguards and this will just allow us to guard our coasts better."

*CITI IN TALKS WITH SOMALI PIRATES FOR POSSIBLE CAPITAL INFUSION

*WILL REQUIRE ALL CITI EMPLOYEES TO WEAR PATCH OVER ONE EYE

*SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP

*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF

*KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' '

*Moody's upgrade Somali Pirates to AAA

*HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW' PARTICPATION

*SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK

*FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK

* FED AGREED OCT. 29 TO TAKE `WHATEVER STEPS' NEEDED FOR SOMALI PIRATES

and u got a nice profit already now
0.815

zelan guys, what's your exit plan?

getting about 13% return dee if u got it at 0.8

wah, now is .810... you earn man. I think it'll climb higher in the afternoon.
But I'm still scared to buy. That's why I'm still poor man

I grab another 41000 units at 0.79 this morning. 

Cheers,
v_viper88

Well, i bought it nicely before it ex-div after of doing some research n monitor its price support.
Dividen + oversold + good financial result + strong buyback support for big shareholders.
I feel its chances to get profit is higher so i go for it.

Cheers.
v_viper88

Nowdays world market quite unstable... normally i dun plan to keep for long, will sell on strength.
Maybe will buy back some when it retreat later.
This counter have strong buy from strong shareholders... its news play oso good. Have good potential to go higher.

ur leveraging it down? or just want to get in some?

---

Added on November 24, 2008, 1:21 pmis zelan consider one of the div counter? when will be the next div pay out?next year?

Not a good idea to buy construction stock for long term holding

can i quote the above statement and put this,

Perhaps Bush Badawi should retire early, no point just to occupy seat, and let the whole world collapses with him.

dun detain me, ISA!!!

So how many people got trapped with Zelan?

I believe still got a lot of selling pressure for this counter. They just waiting for it to go higher a bit before they dump to the massive buy queues.

I'm trapped. This is my first time trading.
Bought at 7.60 in the noon. Was hoping for some rally after the Citi new came out.
Now I'm stuck.

at first, we congratulate them. But now, we feel pity for them

Market is unpredictable.

actually, how does it feels to be a major shareholder and looks at ur share price dropping like this?

q knm @0.4 but still cannot get .. looks like huge q at that price

760.
70 lots

dow futures looks good, europe is green now, if all factors combined, may have good rally tomorrow??

Today Citigroup share will rise sharply. Too bad I do not have offshore trading account to buy the share 
Any good recommended US share trading account?