Only Time will tell....on this Monday's stock market direction.

Wa....lau if only I wait till the market corrects to the price below then I won't
have to be worry about the coming drop on Monday for most of the Asian markets
including SGX. The question...."by how much will be the drop" and "when will it ends". From the look of things....no one can tell esp when "FEAR" of the unknown
start to appear in the minds of the players all over the world.

The whole situation with the stock markets all over the world is that of a "perfect storm"....a combination of factors. High oil prices, weak US $, sub-prime issues for the housing loans, regional risks - Turkey, Iran and the Middle East. Plus the incease for most basic stuffs for the people eg food prices, utilities and housing.

Plus the fact....that most stock markets are at their highest level in years only added to the pressure of a "bubble". It has to correct along the way or if not, the drop will be worst. And it won't be term as "correction" but "crash or meltdown".
For now....I still think what is happening for the market is just a correction and not yet a "crash or meltdown". That will happen if there is something big eg another "911" in the US.....then when the stock markets in China, Hong Kong crashed,
the rest will follow. The US market....will still be the "trigger" for the next big fall.


My prediction for stocks I plan to buy....which I put up on last Monday and come this Monday, most likely the price of some of these stocks may go below my picks. Meaning that I have to re-adjust my picks again or pick up some of these stocks for a quick punt.

My pick last Monday for the local ones...mainly from Construction sector will be Yongnam ( below 33 cents ), Chip Eng Seng ( below 58 cents ) and Hiap Seng ( below 66 cents ).

The heavy weight ones shall be STX PO ( below 3.50 ) and Olam ( below 3.00 ).

The China ones then the ones shall be Synear ( below 1.90 ), China Energy ( below 1.10 ), China Fish ( below 1.88 ), YangZiliang ( below 1.90 ), China Sky ( below 2.00 ), China XLX ( below 1.00 ), China Sun ( below 50 cents ) and Pine Agritech ( below 43 cents ).

Monday - "fishing" day or a killing field day? Only at the end of it....then we will know. Like what the wise saying...."only time will tell". POWER!