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I have a bigger risk appetite. But don't buy anything less than $0.20. Sometimes the stock looks dead, price doesn't move much. I don't have so much patience. If the price plunges, your loss may be huge.
My advice is to avoid stocks that are less than $1.50... they are too volatile in this uncertain market conditions.
Some safe fundamentally sound stocks you may want to consider are:
Metro - NTA $1.03, final div (declared but not paid) 5cts less tax. Net Curr Asset 45cts per sh of which 42cts is cash. Price 81cts
MIIF - NTA $1.03, forecast half yr DPU 3.95cts.(to be declared for 30 June) Full year 2006 DPU forecast 7.95cts. Price 89.5cts
SembCorp - Cap reduction declared 15cts. Price $3.10
After 9 sessions of selloff, STI looks of value again. In addition, we have European (East/West) all opening higher now. Jarkarta which has seen some of the fierciest selloff is up 1.32% today. Start to buy with 10% of your investable cash (if you still have anything left) :)
the bears are fighting the bulls.
What the heck is happening today????
Up down Up down Up Down ... like see saw.