What a day for STI!
A very bad day for penny stocks. In fact, managed to buy in quite a number of stocks that I queued for today.
Update of recent trades:
ISDN:
Sold @16cents on Monday 21st Feb (hit the highest of 17cents)
Buy back avg of 14.75cent(14.5&15cents today 22nd Feb.
Ziwo:
Buy in @31cents 22nd Feb
China Environment:
Buy in @20cents 22nd Feb
China Taisan:
Buy in @17.5cents 22nd Feb
Market outlook:
Another similar to Dubai crisis, Eur crisis in the making? Market once again making use of the current 'bad news' to correct the market. So the key question is how long and deep is the correction? Today, penny stocks dropped quite badly. some stocks are even seeing back to 2009 prices. I really believe some are oversold and will have some technical rebound soon. Some companies are posting their final year financial report soon too. As long as the company is showing growth and good prospect, it worth considering adding in some stocks into our portfolio. Wish me luck as I am almost 100% vested!!
HUAT AH~
Ah Lam
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