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it has been breaking record highs these few days...a slower pace is quite inevitable
yah! what happened? STI tumbling down from high already?
alamak.... what happened? went for lunch and just came back...saw that STI now in the red!
mirage...
I can only think you have foresight!... :)
Don't be misled by "Top Volume" figures... if you relist it in $ value, the penny stocks are probably non-existent!
eg...
What is the $ value of 999m shares of a 0.07 stock...
as compared with 999m shares of a 0.90 stock?
Seems to be a penny stock day.... most of the top actives are penny stocks
Volumes excellent today!
The next target for STI should 3500 to 3600, Any views???
The Dow is performing as expected...
In spite of the influence of the moon's quarter phase, no drastic negativity was displayed...
a healthy state of affairs for the STI...
Positive now in Don and NYSE, wed STI will be a cheong day. All the best !
A cool-off period is likely for STI this week...been up & up for days...time to take a toned down scale some time soon...not much...but slight
at times like this, I prefer to keep cash... the upside I suspect is limited... I go for holiday....except for really good divvy stocks.....
One must also know that 100m of a penny stock is not the same as 100m of a high-priced stock!
It's the dollar value that is ignored when "top volume" is reported.
It give a false picture of the traded amount... Why not report in $value?
I get a bad feeling too that 18 out of the top 20 volume today are penny stocks (with exception of China Energy, and MMI due to M&A activity. And out of the 18, only Auston, unifibre and Genting are above 25c, rest all under. Not a good sign when too much pennystock at play?
buy on rumors, sell on news?
too bad the guy who lost 700k is not able to revive his stocks now as he didnt covered his ass well.. else this few days is enough for him to do a reversal of his losses..
Be it FA or TA, poor cash managment rules is a sure fire way to die in stock market
well, as usual i like to give contrarian approach views. The fact is still STI is overbought currently thus if DOW dip tonite, the excuse for a dip is justified. STI has unique characteristic where is follows DOW sometimes and sometimes it dont.. so the best is still play safe..
next thing is the Climb for STI is getting steeper and look like to climax pretty soon. tomolo should have a negative red but anything goes..
When the bull breathes smoke from it nostrils... it's better not to go against it...
Otherwise you may be trampled all over by the other bulls later... :)
Agree with you on the Dow part.
However, the rally these couple of days is really broad based and covered a large number of counters. If the rally is based only on a few counters then I think the rise in STI is not very sustainable.
Overbought currently for STI and look heavy. however looking at DOW tonite for more clue..