Wednesday, 17 July 2013

A resurgence of Penny counters in Singapore

Dear Friends,

Oceanus these few days started the ball rolling for penny counters after its earnings a few days back. And today Innopac carried the ball forward. It seems the big players are coming into penny stocks. You may really take a look at some of them. Looking at the top 10 volume gives you a glimpse of what are in play.

But of course, some have already run quite a bit. I encourage you not to chase, but try to spot the stocks that are resting after they have run. It takes a bit of time to trade such counters as they can move fast against you. Pennies may not be suitable for those friends that are working and have no time. So trade with care...

Rgds
Daniel

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...