STI had a major major gap up down today. As per my last blog post on STI, my view was bearish and there are no signs to long this market yet.
This current market presents volatility and a challenging condition. Most penny stocks as also predicted suffered selling and reactions heavily. I still stay on my stance on not touching penny stocks because I prefer blue chips and growth counters now.
So when will STI hit the bottom and rebound again? Stay tune and watch my blog space. I will post when the time is ready. :)
Ronald K - Market Psychologist - A Stock Market Opportunist