Sunday, September 25, 2011
Globally : Bearish Outlook
HSI : Below 18k now. Many stocks in new 52-week low. Many are trading at single digit PER. Worth looking into and much cheaper than KLSE.
I am forming a group to do research into HKSE's stocks and to invest into these 'cheap' stocks. More downward to come ... so, we still have the time to check on them. Those interested to join too, may contact me. Thanks.
KLCI : At 1365 level now. Oversold ... the dust is not clear and I think we should clear more of our positions rather than thinking of buying?
Remnant : Hi there ... yes, telco is not being spared, either. Maybank and HLFG are just in first leg down. AMMB broken its spine on Friday. Avoid banking stocks totally. Then, more constructions and property stocks will follow. Avoid them too. That is what I advised my 'turtles' last Friday. Building-naterial will not be building. Steel and Iron companies in HKSE are badly hurt. It will hit our shore too. Yes, GOLD is diving too(of coz silver will be bad shape) and Marc Faber said checking at 1600 levels last week. We shall buy during weakness but I will rather wait.
Thanks and Night.