Not for those useless ones as chances are some of these companies financials are tweaked to accommodate the good times. When it is bad times, no point for these companies to show good results right?
Good companies however would not need to tweak their accounts. They will perform and pick themselves up usually (not always). Anyway, the market has only been down for few days. I am not sure whether how far more it will deteriorate.
Globally, stocks are not performing as well with some fear that China and Europe will be slowing down again. As mentioned, commodities are taking a hit and that may impact our country as well being one country that is quite dependant on petroleum related and other types of agri products. Things are not well it seems now.
It should be interesting to see what Bank Negara and government will do if the fall is continuing...
BuLLRam
apart from O&G stks getting hit last few days..prop stks now starting to get dumped today ..pjdev,gob, ksl, e&0....good chance to fish at the lows...
2014-10-08 23:03