jerry wrote:@guru267. @young is just advising the speculators (short-termers!). I think it's always true that 4th-Q is BEST for buying regardless of elections.
I have been in your market since 2004. Quite unlike other bources 95 percent of the counters announce their year end or half year result within the first 3 months of the year (Jan - March). The anticipation of the results naturally drives prices. They start to even our in Q2 and become low and stable from end Q3 / Q4.
A long termer like me is also interested in buying stocks at a good price, so if I have some bob to buy stocks I will wait a few mother later to pick them even cheaper than the prevailing prices.
Agreed the market is depressed, it will be depress further in the months ahead. For example it makes more sence not to buy Eqty now at 19.95 cum 1.00 or 1.25 dividend rather than 16.5 in Sept or oct 2012.
For both long and short term investor it is not good to take position during the euphoria or party time (Jan - March).
If my advise or strategy as a long termner is useful to short term investors, that is very ok by me in the spirit of Wazua. The point is the abonormal dividend yields 7% and above will not be sustainable on the long term when stocks recover.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .