diff --git a/NEWS.txt b/NEWS.txt
index 6b2e57b..a753419 100644
--- a/NEWS.txt
+++ b/NEWS.txt
@@ -140,6 +140,9 @@ Bug fixes:
   correctly (fix by Mike, issue 263).
 - Fix bug in restoring cursor in navigate plugin (reported by Matteo
   Gattanini, issue 395).
+- Fix bug in picking items when transform/inverseTransform is in use
+  (reported by Ofri Raviv, and patches and analysis by Jan and Tom
+  Paton, issue 334 and 467).
 
 
 Flot 0.6
diff --git a/jquery.flot.js b/jquery.flot.js
index 7f44d26..3a92dab 100644
--- a/jquery.flot.js
+++ b/jquery.flot.js
@@ -2217,6 +2217,13 @@
                     maxx = maxDistance / axisx.scale,
                     maxy = maxDistance / axisy.scale;
 
+                // with inverse transforms, we can't use the maxx/maxy
+                // optimization, sadly
+                if (axisx.options.inverseTransform)
+                    maxx = Number.MAX_VALUE;
+                if (axisy.options.inverseTransform)
+                    maxy = Number.MAX_VALUE;
+                
                 if (s.lines.show || s.points.show) {
                     for (j = 0; j < points.length; j += ps) {
                         var x = points[j], y = points[j + 1];