Time to bargain hunt

Yes, im very certain its time to bargain hunt, but just hold your horses !!! Lets look at the suitation now as @ 9/6/2008 , Oil has reached a ridiculous level of $139 per barrel , major US banks are still facing the effects and after effects of the sub prime monster, inflation in asia are as high as ever, food prices as usually increasing (Basket charge me extra $0.50 for extra mushroom on my meepo noodles) its really Sell in May and go away sernario. Yes despite all these factors, its really time to bargain hunt..simple "INvest when fear is the greatest " then the next question is what to bargain hunt? Here are some investment stocks to look at and consider

1)CG tech (cheapest textile firm with strong WACC,ROE, PE etc ) $0.25

2)Synear (largest dumpling producer in china) $0.47

3) Cosco Corp (Largest Ship repair company) $3.25

4)ChinaFlex (Low PE, good earnings per share) $0.30

Now if you guys realise, these stocks are victims of high oil prices (except for Cosco)
if you invest according to Buffet's way which is to invest when stocks are shunned away, then these are the stocks to buy now! Yes i cannot grantee that their stock price wounldt drop any further but how much do you think it can drop? another 5 cents maybe..the risk to me is limited.
But again i say to you, read up and understand the company's nature and future propescts, should Oil prices reaches $200 per barrel as some lame broker house predicted, the stocks above will no doupt drop further, that is the risk and THAT is why people are avoid them.
Acutally im quite pissed with myself, i should be analysing more stocks but i can't seem to analysis fast enough. Zzzz

Stocks currently in process is
1)Xpress
2)Sino Contruction limited.
~Rex out