The blue chips are moving up and some penny stocks started selling down today. I was watching the market this morning and I saw Asian Pay TV unloading point at 0.188 where there was some cob and a huge throw down. Then I also realized that Y Venture started to sell off yesterday and continued to sell today as the stock ran up too much without a factual news to support the recent run. The Top Volume in the morning was pretty boring and weak and all of a sudden, the market turned up again with the banks moving up and the oil related counters like Keppel Corp, Sembmarine all started to move north again. It's in a very tight range and hence still short term trading is the way to go now.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
