A great time to buy stocks

This is a great time to buy small caps. To buy when people are selling without any view with respect to the fundamentals. This is a high probability for long term gains but with high uncertainty and high probability for short term losses.

Despite seeing some pessimism around the forums, I am feeling quite optimistic or happy. I guess this is because my opportunities for bargain hunting may increase considerably from now on. This is also despite my 13% losses in my overall portfolio. Maybe it may accumulate to 25% losses as in June last year. I don't know.

However, I will buy more as stocks become cheaper. I have bought more of Hongwei and Contel today. Sadly I have also disposed my position in Techcomp, my last saleable stock to raise cash. My remaining holdings, besides Hongwei and Contel, are China Print & Dye, GMG, a HK stock anda newly initiated position today. They are most likely to remain unsaleable unless their incoming results contain unpleasant surprises.

I still have some cash left, which will come in handy from now onwards. Let see whether Mr Market will turn more pessimistic and offer me more bargains.


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