Disclaimer: The purpose of this blog is to share knowledge, news and personal opinion on investment, economy, stock market etc. There is no guarantee that all the information provided here are accurate and up-to-date. The author should not be held liable for any investment loss suffered by readers of this blog. Invest at own risk!
US market fell more than 4% again yesterday. However, seems like Asian market refuses to follow its sell-down like 2-3 days ago. Is it a good sign?
Bursa today opens 13 points down then quickly dives to -26 points after just a few minutes. At noon now, it narrows its loss to around -7 points. Most other Asian markets recover a bit from early morning's dive, with some like Shanghai, NZ and Seoul even in green now.
Viewing as a big picture, the recent sell down may not finish yet, as there is no strong reason or good news to stage a trend reversal. However, short term correction may be on its way.
Listed below are a few non-blue chips stocks that I personally feel worth to consider at this moment, mainly because they are either fundamentally good, recently under the spot light or very much oversold. Of course, there are a few blue chips that look attractive too, and they should be included in your list.
This list of stocks is for reference only, not a buy call. There are still lots of good stocks not listed here. Thus, trade on your own risk.