Wall St fell by over 770 points last night, the biggest one day fall ever (by points).
Has the CRASH finally arrived?
We are NOT quite there yet.
But make sure you have your CASH ready and Set your Buying Targets.
With Patience comes Great Reward.
Just look at Warren Buffet, buying a 10% stake in a HK listed firm (http://www.aastock.com/, stock no. 1211) last week. He did not buy it when its price was over HK$19 in Oct 07, but bought it last week at around HK$8 (i.e. when it fell by over 57%). The share price rose by, at one point, over 90% when it resumed trading yesterday!
The rise and fall in some blue chips had been amusing. 45% drop in one day for Lehman. 60-80% drop a week for AIA, Washington Mutual etc. Anyone has any doubt about what I have suggested all along?
Buy ONLY when it's Dead Cheap!
Be another Warren Buffet (he bought Goldman Sach at a good price too!)
Cheers
Fate
Be Patient. Be A Big Winner
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