After the last week massacre in Clearbridge and Biolidics, most penny the boutique s moves with care now and they tried not to move too much in one day. The Top 30 Volume today has some brand new counters like Sincap, OEL, IX Biopharma and some other penny stocks which moved towards the north while others like Clearbridge which continue to suffer selling. In the Singapore market, as usual, most stocks are pretty weak and looked jammed while only certain stocks like AEM and Rex Intl still held strong. The Top Volume today was beautifully with some news stocks in play and some counters trying to move up like AEM. Thats pretty much what happened in the stock market today. Moreover if you study AEM chart closely, you will see the final blow where the stock gap up and that’s where I believed unloading happened there. Study the STI chart and watch closely, I am waiting for strong buying before taking actions.
This is a stock which I posted on my blog to get everyone to watch out last Wednesday for since the players were in. stocks to Watch for Daytrading – Jones Soda Co. (JSDA) – Allied Irish Banks plc (AIB) – Bank of Ireland (IRE) – Ambac Financial Group, Inc. (ABK) – Hercules Offshore, Inc. (HERO) – Brigham Exploration Co. (BEXP) – American Capital, Ltd. Zanett Inc. (ZANE) – Shares of Zanett Inc. shot through resistance of $3.14 on Thursday and ran a little bit. Volume – The number of shares traded. It wasn’t in the Top 30 volume earlier in the morning as captured on the link below but it’s now number 7 with the sellers throwing down the shares. 1. You can hold up the shares if the shares starts to drop a little. If you can get this around $4.00 you could earn almost a buck a share next year. The NSE and BSE market did reach the magical figures of 6,000 plus on the Nifty and 21,000 plus on the Sensex during the year 2010. But with the indices going as low as below the 18500 and 6000 marks for quite some time have depressed the feelings of many investors.
AEM was still strong earlier in the morning with price maintaining it’s posture to only realized that Hi-P broke down again today and the stock just have to follow. Anyway, both stocks have ran up too much without factual news, so it’s only wise for it to simmer off first. The market had been pretty easy to trade as the market had been a bull run but now it’s time to lock in some profits first and then see if there is ws for the market to trend higher. 2.Selection of stock broker – The first step to start trading in stock market is to select a broker as you can’t trade in the market without any broker. For those of you who wants to learn more on stock readiness and market timing, click on the link below to take up the last few seats. Click below to see the news.