So after last Friday's massacre in STI and the Penny Stocks, which penny stock is next? From my analysis and observation, I seriously believe Ossia is next! However there is one problem, because it is a penny stock, there is no script to short and naked short is not a good practice and it's highly NOT recommended.
As for STI, it's wise to get out of all your longs today. Even though Dow rebounded +77 points last Friday, it's an opportunity for investors/traders who got trapped to exodus today if possible because on the bigger picture, the market is about to resume it's downtrend. While the public still have hopes and while others called for a rebound, I don't see any effort to rebound at all. The market shall trap the hopefuls and the fearfuls like a mouse being trapped in an empty jar till it suffocate to death. In short, be careful of any long positions you are holding to!
Ronald K - Market Psychologist - The Big Speculator
