Correction, Fear & My Shopping List (2)

The Asian equity market has started a overdue correction today led by 2% fall by Korean market.

Bursa Malaysia continue it's fall after Najib announce it's budget 2010 on 23/10/2009.

Fear ! many investor started to worry when they see the market started to fall, in a correction mode. Market correction after a long rise is actually a normat market behavior, we don's expect a non-stop rising market, do we? This should be a healthy correction, a pause before it rise further.

I have prepared a shopping list to WELCOME this correction, to buy good undervalue stock at a lower price:-

To prevent 'run chicken ' if market correction is minor, I have decided to go-in in stages.

1. PARKSON - Below 5.10, & 4.8O


2. ICAP - Below 1.80 & 1.70


3. LIONIND - Below 1.42, 1.32 & 1.22


4. CSC - Below 1.10


5. SURIA - Below 1.30

PARKSON is my main target, therefore I will invest more on PARKSON, ICAP & LIONIND.

(Picture: Penang Heritage )