Friday(Jan 14, 2011)Market is correcting today, can we still trade?

At the point of writing, it is 3:49 pm, the marketing is correcting. Can we still buy or rather can we still trade?

Trading is about buy low and sell high. This is in the stock market. If you can sell short, you can sell high and buy low.

Tebrau(1589) was 99 sen this morning, now it is 0.92. Market is always fluctuating.

Jaks moved to 82 this morning and later came down, still positive. It is priced at 0.795 at 3:53pm

PChem(5183) is priced at 6.14.

I was watching GPacket(0082). This stock jumped up yesterday. Today it came down
to 0.80. I was thinking of buying yesterday because it is in my explorer list. However, I thought it it might come down because of the quick jump. True enough, this morning, it came down to as low as 80 cents. I thought it might break the 80 cents level, but it did not. It just came back at 3:48pm recorded a price of 0.835.
Well, we have to think fast and act fast.

Look at the greenpacket chart, there is a doji yesterday. This is a bearish sign, no wonder today came down.


If I were to buy 20,000 at 80 cents and sell it at 0.835, I would have made RM 459.00, just half a day's work.

Salcon(8567) came back to my explorer's list. I saw a doji for yesterday's chart formation. To me, this stock will perform soon. At 4:12pm, it is priced at 0.72. Today's price range is from 0.72 to 0.745, most are done at 0.73. If this stock continued to move, it will challenge the 0.89 price level.

Ynhprop(3158) has moved to 1.84. At 4:15pm, it is priced at 1.82.

Dufu(7233) is trying to break the resistance price of 0.455 but did not manage. Maybe later, maybe Monday. Price takes time to move.

Takaso(7071) is also trying to break 0.39 resistance but came back to 0.38 because the overall market sentiment is no good.

Redtone(0032) is still in the consolidating stage. It might move next week.