Can we still trade? If we are trading the momentum of the market, we need to side line ourselves. If we are trading for the swing of the market, you still need to watch the market and enter at the right moment.
I am still monitoring Takaso( 7071). I notice on Jan 8, 2010, it was at the low of 0.22 but suddenly in just three trading day, it moved to 1.00, up by 78 cents.
Later on it came down. Oct 1, 2010, the history repeated itself. It moved from 0.355 to 0.63 just within 4 trading days, up 0.275.
On Nov 3, 2010, it started the show from 0.335 and the next day it reached 0.42, not so fantastic but you still can make some money.
Dec 6, 2010, it has slid to 0.325, however within 12 trading days, it moved to 0.585, up 26 cents.
Today(Jan 18, 2011), it opened at 0.375 but in the evening near closing, it slid to the low of 0.355 because of the force-selling. It closed at 0.36. 484,500 shares transacted today. Yesterday's volume was 393,500 shares.
Salcon(8567) was also hit by forceselling. It closed at 0.71. From today's trading pattern, I can see there are people accumulating the stock. Normally, if the market accumulated enough of this stock, it will just move.
Redtone(0032) closed at 0.19. It came down because Gpacket(0082) also came down. Gpacket closed at 0.79, some profit taking activities was taking place.
When the market sentiment is good, Redtone might just moved.
Muiind(3891) closed at 0.24. This morning, it opened at 0.25 and went up to 0.26 but later it ran out of steam and came down. Since Muiind is negotiating the sale of Mui Continental Insurance with Liberty, the stock should move.
Kinstel(5060) performs quite well today. It closed at 0.97. Meta stock explorer picked up Huaan(2739), AZRB(7078), Huayang(5062) and Dutaland(3948). Will write about them later.
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