Many stocks at bottom

If you were to examine many of the stocks listed in the Bursa, you will find many stocks are at the bottom, meaning you can buy at this level and it is relatively safe.

However, if you are thinking of contra, then you still need to be careful. Market, as they always say, is very unpredictable.

Sapcres(8575, Trading) is priced at 1.31 at the point of writing. The intra-day low in the past are at 1.39(April 27, 2007), 1.28(Aug 17, 2007), 1.35(Nov 28, 2007) and 1.38(Jan 22, 2008). They said history will repeat itself. In the past, this is the point where the stock rebound. Would it do the same play?

Scomi(7158, Ind-prod) is priced at 1.12. The intra-day low recorded in the past are:1.20(April 19, 2007) and 1.04(Aug 17, 2007).

Equine(1147, Properties) is priced at 1.65). The intra-day low are 1.61 (May 30, 2007), 1.76(Aug 17, 2007), and 1.79(Nov 29, 2007).

Timecome(5031, IPC) is priced at 0.59. The intra-day lows are: 0.55(June 14, 2006),
0.59(Sep 7, 2006), 0.605(Oct 19, 2006) and 0.60(Mar 5, 2007)

Tebrau(1589, Properties) hits 0.98 at the point of writing. The intra-day lows are: 0.835(Aug 17, 2007), 0.99(Dec 4, 2007), and 1.00(Jan 22, 2008).

Time(4456, Trading) is priced at 0.47. The intra-day lows are recorded 0at:0.455(Jun 14, 206), 0.54(Sep 8, 2006),0.55(Dec 19, 2006), 0.55(Mar 5, 2007), 0.525(Aug 17, 2007), 0.535(Dec 18, 2007), and 0.52(Jan 22, 2008). Even if you were to buy at 0.47 for 50,000 shares and sell them at 0.54,the one time support level, your gains will be RM 3124.80, a return of 13.29%.

Kencana(5122,Trading) is priced at 1.78. The intra-day lows are: RM 1.59(May 30, 2007) and 1.65(Aug 17, 2007).