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

Well.. simple maths calculation will do to find out how much % a stock have fall. If they cant differentiate major or minor drop than too bad la.
It also depends on their capital and invesment plan. Investor also buy good stock when stock drop alot from its fair value especially in a bear market. Stock tat have drop alot from its fair value will have a better chance of higher increase from its low price once market stable down.

If have bigger capital aim for more expensive stock or cheaper stock? which one is a better investment if both stocks also good and have same % of drop? For me i'll go for cheaper stock coz using the same capital i can buy more quantity and still have extra capital to buy when its price drop.

Cheers,
v_viper88


This post has been edited by viper88: Nov 23 2008, 10:18 PM

Wa.. sure onot? In bearish market.. most blue chips also drop kaw kaw...due to fear sentiments.
- Public Bank 13/5/08 at RM 12.00 .. now how much? RM 7.85.
- IOICORP 15/1/08 at RM 8.06 now RM2.94, lowest ? RM 2.08
- Resort 11/1/08 at RM 4.26 now RM 2.58, lowest RM 2.16

There are more other blue chip counters tat drop close or more than 50% already.
Those beginners who bought blue chips counter at early/mid of this year also get hit badly....

My remiser told me during bear market all stock will get hit, bluechip or penny stocks alll get beaten down.
Those stocks that rise too high over its fair value will get hit harder. Those stock tat close to its fair value
will drop lesser.

Cheers,
v_viper88

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

Ok.. here's some Zelan summary updates, got it from http://sensecents.blogspot.com/2008/11/zel...ge-rebound.html.

"Sunday, November 23, 2008
Zelan might stage a rebound

Zelan’s share price plunged another 7 sen after it announced that its CEO cum founder, Albert Chang, would not be renewed for his employment contract. Zelan’s price has been pressed lower for nine continuous trading sessions since it was plagued by bad news. On Friday, it closed at 80 sen.

However, some Fund Managers view that at 80 sen, one is almost getting Zelan’s share free if taking into consideration of its potential earning for year 2009. Fund Managers estimate Zelan will make approximately 90 sen per share in year 2009. Further to this, Zelan’s net cash, current investment and IJM stakes would worth about 57 sen per share which representing about 66% of the present share price.

Market also tips MMC might inject MMC Engineering into Zelan. MMC Eng is the partner of Gamuda in the Smart project and Double-tracking project.

Based on charts, Zelan has been grossly oversold and possible for a technical rebound. Its next strong support should be at 0.75 if price been pressed lower. Since the major market might stage a rebound on Monday, the downswing looks unlikely. Its resistances are 0.87 and 0.92.

Posted by Smartbiz at 10:47 PM "



Cheers,
v_viper88


This post has been edited by viper88: Nov 24 2008, 08:55 AM

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

Heavy foreign shareholder dumping it last time..
Oil price still drop low...

Cheers,
v_viper88

I bought Friday last day bfr ex dividen at 0.805 ...
today buy summore at 0.79.

So i got both dividen + profit .

This post has been edited by viper88: Nov 24 2008, 10:07 AM

0.805 last friday
0.79 this morning around 9am+

Partial luck, partial for doing some homework research.

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. Decide on ur own for profit taking.

Cheers,
v_viper88


This post has been edited by viper88: Nov 24 2008, 10:29 AM

short term target at 0.90.
Buying power is strong 117 to selling power 75

Think EPF n MMC is pushing this counter..

This post has been edited by viper88: Nov 24 2008, 10:35 AM

Yup.. big players lotsa bullet to shoot.
Lets join the big players to hunt.

Stock news from Dow Jones. Sorry didn't post this up earlier.

0044 GMT [Dow Jones] Zelan (2283.KU) may rise to 90 sen, tips dealer; this following financial weekly The Edge report conglomerate and 39.3% stakeholder MMC Corp (2194.KU) may take Zelan (2283.KU) private or inject its 99.9% owned construction unit MMC Engineering into Zelan in bid to strengthen its grip on the company. Citing unnamed sources, weekly adds moves are being considered after company announced last week Zelan's Chief Executive and founding member Albert Chang's employment contract will not be renewed. Chang holds 14.7% stake. "It looks like there may be a change in leadership and possibly direction in the company following the decision not to renew Chang's contract," says dealer. (VGB)

Target 0.90 sen.

Cheers,
v_viper88

Yup.. sold mine at 0.81. See it selling pressure just now..

Will buy back later at lower price... have to c how its goes 1st.


Cheers,
v_viper88

Using stock tracker. Should have sold earlier at 0.83 when it start showing down sign but nvm.. make money, i'm happy liao.

Selling vol in Zelan high.. better stay sideline 1st.. think will drop more. beware.

Cheers,
v_viper88

This post has been edited by viper88: Nov 24 2008, 11:34 AM

Zelan like having a war,
One side buying the other side selling...

Selling pressure is still strong there...
Buying power oso not bad..

Cheers,
v_viper88

Zelan news on Bloomberg.

"Zelan Shares Advance on Media Report MMC May Buy Out Company

By Soraya Permatasari

Nov. 24 (Bloomberg) -- Zelan Bhd., a Malaysian builder, rose as much as 8 percent, the most in almost two weeks, after the Edge reported MMC Corp., backed by Malaysian billionaire Syed Mokhtar Al-Bukhary, may buy out the company.

The shares added 5.5 sen to 80.5 sen at 9:13 a.m. on the Malaysian stock exchange. They earlier traded up 6 sen at 81 sen.

MMC may buy out Zelan or merge its construction unit MMC Engineering Group Bhd. into Zelan in exchange for shares that would increase MMC’s holding in the company, the Edge weekly reported over the weekend, citing unidentified people.

Zelan is 39 percent owned by MMC, Bloomberg data showed.

To contact the reporter on this story: Soraya Permatasari in Kuala Lumpur at soraya@bloomberg.net

Last Updated: November 23, 2008 20:37 EST "

Cheers,
v_viper88

News play.
Strong Buying power not from small trader i see... vol is high.
But its selling power is fierce... lucky i exit early n stay sideline.. now about 0.76.