Buying on PULLBACK!

At Bursa Malaysia, property stocks may stage a mild pullback in a knee jerk reaction to Bank Negara Malaysia's (BNM) caution to lenders against irresponsible lending practices which would contribute to the build-up of excessive leverage among households.
- BNM is imposing with immediate effect the maximum loan-to-value (LTV) ratio of 70% for the third house financing facility taken by a borrower as it seeks to curb "excessive investment and speculative activity in the residential property market".
- The central bank said on Wednesday, the move was expected to moderate the excessive investment and speculative activity in the residential property market which has resulted in higher than average price increases in such locations.
- Economists said there could be a pullback on property stocks following the imposition of the LTV ratio, which they said was necessary.

for me ,it is time to buy on pullback,but what is pullback? newspaper, forum, websites, blogs etc everywhere you can see the word---PULLBACK

I check it from investopedia
http://www.investopedia.com/terms/p/pullback.asp

What Does Pullback Mean?
A falling back of a price from its peak. This type of price movement might be seen as a brief reversal of the prevailing upward trend, signaling a slight pause in upward momentum.

Investopedia explains Pullback
Often pullbacks are seen as buying opportunities after a security has had a large upward price movement. It is important, however, to analyze closely any pullback as it may be a sign of a definite trend reversal or a slight pause in the upward trend, each having very different trading implications.

So it is not that easy to buy at pullback, better dig up those overpulled, enough pulled, no more pulled before buying,llet start looking or rather pulling!

13.10.2010 edited

reading through news saying Topglove's Boss plans to move upstream by acquiring rubber plantations in the region, no need to depend on others for the raw material(rubber), great!
though he admits it is almost impossible for topglove to sustain such a fantasic rate of growth, glove stocks still moving upwards for the past few days........take a look at the three BIG,
topglove 5.72, Harta 5.33, and Supermax4.52 ......really on huge recovery!Market still strong ,damn strong, everyday up,up,up when everyone expecting a sharp dive coming,really coming?I don't so now.
I am not interested in gloves anymore, focus mainly on property stocks, I like stocks that have projects in Penang(then I can go for a site seeing) like SPsetia, Mahsing, E&O, someone mention sunrise.....any projects in Penang?

4.00pm
sometimes make me wonder what is the point of reading so many analyst's report,is it to gain knowledge or to gain insight when deciding to buy/sell/hold (these three terms are too simple for me to comprehend and I tend to read it the otherway round buy=hold, hold=sell, sell=may be buy, haha)a stock?Or just for the fun of reading before getting bore with life, oh actually I have better things to do.

Yesterday I just posted a NEUTRAL CALL 's report from ECMLIBRA and today the top gainers make up of so many plantation stocks!