From the closed of the Dow index....on Friday, I can see a better opening for out own share market on Monday.
Shares to watch....NOL, JK Tech, Jiutian and even STX PO.
NOL - due to the steep correction for the past 2 days....should go up till $5.20 to $5.30 range.
JK Tech - due to the St James Power Stn taking over soon, it now having a exciting biz to extend and grow.
Jiutian - Cum Share "splits 5 for 1 plus a free warrant " Ex -date is this 26/9.
STX PO - should be tracking it's Korean's IPO price ( closed at $3.30 there ) while it was only at $3.10 here. That is why.....I would said the market here will play catch up.
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Friday, September 21, 2007
Friday
Well....if everyday is like today then I will be rich. STX PO .... seem to behave actually what I predicted it to be in term of price movement but the trouble is that I don't have enough faith with myself or self-delief.
And the other trouble when it comes to trading in shares is that for myself I tend to be taking huge risks esp stocks that have gone up. I tend to notice them at the end stages. That is why....I may win-some, and lose-some too. At the moment, more
at the losing side. I must practiced self-control not to chase or buy shares that has gone up in prices.
Somehow....not to sure that the market can go up further without a major correction.
In my mind...it should happen sometimes in Oct just like in 1989 Oct 13 ( black oct )
where the US market Dow index dropped nearly 500 points when the Dow index at 3000+ points....a drop of 15 to 18% in a single day.
With this in mind....I have already shift out the other funds into Money market funds for safe keeping.
And the other trouble when it comes to trading in shares is that for myself I tend to be taking huge risks esp stocks that have gone up. I tend to notice them at the end stages. That is why....I may win-some, and lose-some too. At the moment, more
at the losing side. I must practiced self-control not to chase or buy shares that has gone up in prices.
Somehow....not to sure that the market can go up further without a major correction.
In my mind...it should happen sometimes in Oct just like in 1989 Oct 13 ( black oct )
where the US market Dow index dropped nearly 500 points when the Dow index at 3000+ points....a drop of 15 to 18% in a single day.
With this in mind....I have already shift out the other funds into Money market funds for safe keeping.