Dow closed marginally lower but the Nasdaq continue to climb to 5-year highs. Regional markets saw a lot of volatility yesterday. Some profit taking activities coupled with bargain hunting send the HSI swinging wildly yesterday similar to the past 2 trading days. In Msia, the penny stocks continued to be actively traded. In Spore, more penny stocks are starting to see action after a few weeks in the doldrums.
Note of caution: The markets are now overbought. Investors ought to be wary of pullbacks. I believe that there could be a pullback sometime this week. The KLCI is already pulling back while the STI is still flat.
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3 comments:
MMM is active again, how far can it go this time?
Bought YTLE today at 0.66, hope to make some Raya money....
MMM should continue to rise tomorrow to about RM0.70 if Dow do not crash. Its year high of RM0.795. The choice is yours but I would take profit close to RM0.70.
YTLE - be careful the stock is prone to one day plays only.. but longer term, the stock is a quite good stock to hold over a 6-12month period...
Hahaha... it is already at RM0.705... the choice is yours on whether to take profits... next target RM0.795
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