I can see some prices retracing up after this morning's drastic drop.   Hope it continues, otherwise can go for a month or two holidaying.

 

FTSE ST Catalist Index has  touched 1059.04. The low today is 1058.95 and it rebound now.  I would see it will rebound from here or go down again to touch the support tomorrow and rebound again. Selling should be over for Pennies after that.

Stockcham      ( Date: 13-Jun-2013 10:32) Posted: FTSE ST Catalist Index has nearly touched 1059.04.  Let's see whether this can hold. If this break, the last one will be 1051.85. Good luck all! Stockcham      ( Date: 11-Jun-2013 20:05) Posted: ABOUT PENNIES When will the Pennies recovers?. I have check on this. FTSE ST Catalist Index captures most pennies' movement. Today, the Index closed at 1074.13. The strong support for this Index is at 1059.04.  This support should hold well. If market sentiment really that bad, then it will go down to 1051.85.  If these 2 cannot hold, then Pennies really jialat liao. The 2 recent corrections take 7 days to stop. The much serious one in March rested for 2 days after dropping for 7 days, after that it starts to moves up. Today is the fifth day. We have 2 more days for the Index to drop to touch 1059.04. Taking the previous slide as a reference, Friday should be the day it stop dropping or  may rebound. Of course, it doesn't necessary mean that it must drop 7 days. It may drop for 6 days or 8 days, who knows. But the most important is to take note of this index. When it touches 1059.04, can try to buy some.  The risk is much lower. So bros, prepare for this  BIG day. Good luck!

 

NOBLE should have bah.....

iluvboost      ( Date: 13-Jun-2013 10:52) Posted: even with CFDs, many penny counters cant be shorted. esp those volatile ones  in my watchlist only ezion, sinograndnes, vard , gallant can be shorted pennies like dukang , bundcenter, sinarmas, swingmedia, swiber, cordlife all cannot short these only can naked 1 day short winterQQ      ( Date: 13-Jun-2013 10:47) Posted: oh, then have to pass, my CFD acct not ready yet can only do naked short

 

even with CFDs, many penny counters cant be shorted. esp those volatile ones 

in my watchlist only ezion, sinograndnes, vard , gallant can be shorted

pennies like dukang , bundcenter, sinarmas, swingmedia, swiber, cordlife all cannot short

these only can naked 1 day short

winterQQ      ( Date: 13-Jun-2013 10:47) Posted: oh, then have to pass, my CFD acct not ready yet can only do naked short. ace333      ( Date: 13-Jun-2013 10:32) Posted: tink may drift downward to 0.47-0.49 area......of course NOT in 1 day.......LO

 

Bro u still holding any stock ?

novice_trader      ( Date: 13-Jun-2013 10:42) Posted: Think better sit oneside and watch the massacre...

 

oh, then have to pass, my CFD acct not ready yet can only do naked short.

ace333      ( Date: 13-Jun-2013 10:32) Posted: tink may drift downward to 0.47-0.49 area......of course NOT in 1 day.......LOL winterQQ      ( Date: 13-Jun-2013 10:28) Posted: ace bro , can still short Ramba now?

 

I am more on the SHORT side......so its OK for me......still the same kopi$$$$$

novice_trader      ( Date: 13-Jun-2013 10:42) Posted: Think better sit oneside and watch the massacre...

 

Think better sit oneside and watch the massacre...

 

tink may drift downward to 0.47-0.49 area......of course NOT in 1 day.......LOL

winterQQ      ( Date: 13-Jun-2013 10:28) Posted: ace bro , can still short Ramba now?  ace333      ( Date: 13-Jun-2013 10:23) Posted: haiz long YHM 0.041 now sell back same px......lose comm.....HENG my SHORTS at ramba make $$$$

 

FTSE ST Catalist Index has nearly touched 1059.04.  Let's see whether this can hold. If this break, the last one will be 1051.85. Good luck all!

Stockcham      ( Date: 11-Jun-2013 20:05) Posted: ABOUT PENNIES When will the Pennies recovers?. I have check on this. FTSE ST Catalist Index captures most pennies' movement. Today, the Index closed at 1074.13. The strong support for this Index is at 1059.04.  This support should hold well. If market sentiment really that bad, then it will go down to 1051.85.  If these 2 cannot hold, then Pennies really jialat liao. The 2 recent corrections take 7 days to stop. The much serious one in March rested for 2 days after dropping for 7 days, after that it starts to moves up. Today is the fifth day. We have 2 more days for the Index to drop to touch 1059.04. Taking the previous slide as a reference, Friday should be the day it stop dropping or  may rebound. Of course, it doesn't necessary mean that it must drop 7 days. It may drop for 6 days or 8 days, who knows. But the most important is to take note of this index. When it touches 1059.04, can try to buy some.  The risk is much lower. So bros, prepare for this  BIG day. Good luck!