Hello U.S.A., you get a thumbs up from Singapore investors. Monday market going to cheong again!

Dow rose 156.82 points, or 1.2%, to 12,862.23.

Highest close since May 2008.

Jobless rate dropped to a three-year low.

The title of this thread amuses me now.
It should change to "How expensivve can a penny stock get?"
Look at how fast they chiong every day!

My broker said to expect waves of $ pouring into stocks -- waves coming from the property market. Speculators know there is no profit anymore in property speculation, so they are diverting their ammo into stock market -- and to hell with the Greek and PIIGS.

You may wish to research on Roxy-Pacific. Though it is a property developer, it owns a hotel too, which is enjoying high occupancy rates. According to OCBC, the hotel is worth more than the market cap of Roxy. Which means an investor of Roxy shares gets the cash flow of the yet-to-be-completed projects for FREE!

ROXY at less than hotel value, ENVIROTECH a buy, MINZHONG target $1.45

Companies are getting cheaper and cheaper. Hopefully their profits in the coming quarters don't get sliced off by inflation, rising labour costs, and a slowdown in consumer demand arising from the fall in the stock market.

How many of you are still keen on ...,say, ..... buying a new laptop? Or a new mobile phone?
Or going on a holiday?

Just bought it at 0.26 last week.

now going down again, next entry level should be 0.22. and 0.18

Div yield is high. so can keep it as saving.

Don worry. as long don use up all bullet before market go to  bottom in next few months.

Can Koon go down to 1X PE?

Has the market ever been this irrational (during past recessions)?

Is it a good thing to just close our eyes and wait for the night to be over?

Koon is real cheap at 3X earnings. Just 26 cents.
I am banking on its pre-cast division to pour lots of money into the bottomline. Just look at the HDB building boom -- lots of precast structures needed, right?

US and rest of the world are in much better shape than 2007, especially China and other BRICS countries / ASEAN. Exporters to US/EU will be affected, hence may be good idea to switch to counters with ridiculously low PE and regular dividends. Once the present forced selling is over, it will be difficult to switch.

newbiestock/greenrookie: We will never know how cheap a good company can get until it happens. When it happens, it will not be a protracted event. It's just a flash in time.

Already, the ridiculous selling is taking place : Wonder who would be panicking to sell at these low prices? Shortists????

Technics at 81.5 cents!!! With a 3-c dividend coming soon...

Eratat at 13.1 cts!!!! PE only 1.7 or there abouts.....

greenrookie, i share the same thought as u. how cheap can a company get? if there's a stock that is at 1x to 2x PE, with good business outlook and based on the share price, abt 40%-50% are in cash form. what's the risk? I think market is really insane.

i am also sitting on heavy paper loss. But the fundamental hasn't changed to give me a reason to sell. Most companies are still profitable, some riding on growth, some still doing M&A. how can there be a recession? Let's hope the confidence crisis will pass soon...

company still AAA. it's the policymakers not AAA.

funny is when we are buying a stock, we are buying the company, not the policymakers... !!! mkt is really foolish and irrational.

ya.. crisis will pass... !!!