For SGX, look like there will be more rotation plays for penny stocks since those index stocks had broken new highs. So they are consolidating the gains at the moment.
Yes...the market is looking "a bit toppish". May not to good idea to buy and hold now in such situation.
My pick for the coming week would be Ecowise, SoundGlobal and Midas.
For HK market, look like it has more legs to go higher. The theme is still to ride this out with the index stocks at the moment until the 23,100 level then to tone down the holding for a consolidation period.
My pick...here would be Lenovo HK:0992, Zhejiang Exp HK:0576 and Neo-Neon HK:1868.
Reminder - very important to ensure the "stop-loss" is in place always after buying in.
Will size-down my holding of SMIC to maybe manageable level but will do more short trades if there are opportunities.
ReplyDeleteAnother idea...is to stand-by to do some "shorting"
never a good idea to put all eggs in one basket esp at present moment.
ReplyDeleteany piece of "bad news" and the market will sink like a stone!
one good thing...had a wet dream this afternoon.
ReplyDeletereally just like the real thing hehe....shit! then woke-up in the middle of it haha!
wtf!
didn't do as plan regarding SMIC after it went down then up...then down again.
ReplyDeletejust too fast...WTF!