Greece most likely will be allowed to default (hopefully, in an orderly fashion), but will not leave the EU .....

Third quarter window dressing .....?

I bought TA. Anyway, i always take whatever analyst say with a "pinch of salt". Their buy and sell calls can change from day to day ......... And alot of times, they contradict each other .....

A billionaire investor once said "If you cannot imagine yourself holding onto a stock for a year, why would you even bother holding onto to it for an hour?"

For long term investors, i think most of us use fundumental analysis ... that's why the wildly swinging prices don't affect us as much and we don't panic when the prices drop ......

I was just hoping to see some consolidation over the next week or two .... instead of the wild swings we have been experiencing ....

Hmmmm .... i'm still using the passive "buy and hold" strategy ...

I think big investors are "concerned" but they have yet to reach the fearful or panic stage yet .......

Gold already predicted to drop to USD1500-1600 and then surge back to USD2000-2200 by year end.

Bloomberg interviewed some analysts and that was what they predicted.
But i would take that prediction with "a pinch of salt" ......

I admit, my stategy is flawed in many ways and i think i need to point out that when i used this strategy, the the Index was fluctuating between the 300-500 level.
This strategy may not work at today's market levels ......

Recently a billionaire invester when asked about his equity losses replied "I haven't sold anything, how could i lose anything?"
Food for thought?

Opps it was AMFB that became AMMB (on 10/3/2005 and was called AHB then)and cash payment was RM3.90 per share
I think Amcorp only paid up cash when it was privatised

Also i sold KCHB @ RM2.40 and only topped up RM200++ when i changed counters ....

Note : I normally immdediately sell something and buy something else .... Eventhough i normally go in too early (or too high) on a buy, it doesn't make much of a difference to me because, to me, i'm not really using money on the trade. It's just an offset.

(Mr.Wong, my YTLCmt shares are almost enough to recoup the entire initial outlay i spent on building this portfolio, the rest of the shares are just icing on the cake ......
Although the current price is dropping like a stone, i am still holding on to those shares .....
I credit it to "pure dumb luck" or beginner's luck ....)

Forgot to add ....... my dead counters include :
Pan Global, Rekapacific, Gula Perak, Sri Hartamas etc.....

I have to admit that i was very lucky on some counters selections

Eg. I originally bought KCHB (Kedah Cement) @ RM1.21 in 1998 but something was happening to the stock and in Feb 2000 i sold it and bought YTL Cement @ RM2.60.
That 1 lot YTLCmt in 2000 became 4.16 lots today just by passively holding it ....
Amcorp became AMMB plus Cash
NSTP became Media plus Cash
And the list goes on ....
(I still have all the original contract notes)

Recently, i readjusted my portfolio because i also had Sindora (1 lot became 1.067) and EPIC (1 lot became 2 lots)
So i decided to sell early and change counters ....

Luck also played apart ....

I did research the Passive Buy and Hold Strategy and there are alot of "gurus" who say that this strategy does work in the Long Term .....

I'm a novice investor, but i disagree. Even in a downturn, you can buy and hold.

In 1998 i used around RM17-18K and bought 1 lot each of 30 penny stocks.
I remained passive for almost 13 years and just left the portfolio alone. (Passive Buy and Hold strategy).

One third of those stocks died (delisted, consolidated etc).
One third did almost nothing (did not appreciate much etc).
One third did very well.
Portfolio value now at current market price is around RM60K.
(This does not include the Cash i received from dividends or the payouts from Amcorp and NSTP etc etc over the last 13 years).

In the last 2 months i decided to finally clean up my portfolio (after alot of nagging from my remiser for the last 13 years).
I sold all the laggards and used the money to switch to the top 100 counters by market capitalisation.
(I did ofcourse pick a couple of riskier counters for some high risk, high gain exposure).
I have never punted & only invest for the longer term and i only use cash to play. (I don't understand the market well enough to punt).

I have almost completed readjusting my portfolio and will soon go back to my Passive Buy & Hold Strategy.

All i know is, is that, even when the market is going down, there are opportunities for small time investors to take advantage of .......

Investors are fearful when punters are greedy, and greedy when punters are fearful .....

Is it "deep" or do you mean "dip"?