Everyone now knows there is a correction throughout the world with first China declared its slow down in growth yesterday and also the recent oil spill problem in the Gulf area. With Greece problem still unsolved, the added burden to the stock market finally adjusts itself in terms of pricing.
The correction seen today throughout the world left the investors wondering whether it is a good time to buy.
I also feel tempted to dip my head into the water a bit after seeing the price of some of the stocks that I previously wanted to buy. Here are the stocks I was watching: DUFU, PELIKAN, ETITECH (earnings this quater not good), LEADER, KFIMA, etc. These are value stocks with low PEs. PELIKAN and ETITECH are of special case as someone seems manipulating the stocks.
It's good to pick some defensive stocks too like BJTOTO. The best strategy is to pick up some and let it run by its own course. As the amount bought is small, one can afford to hold the stocks for a while until there is a buying interest that reflects in good selling price.
Is the bear back? I don't think it is quite yet unless this trend continues for a few more days. Happy trading!
Wednesday, May 5, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment