Wednesday, November 18, 2009

Market Correction

The market is having a mild correction today and gave away 5.30 points at 1274.65. Losers beat gainers by 295 vs 230. Recently there are many warrant shares take turn to surge sky high and then drop like a falling stone later. We try to avoid buying this type of warrrant shares which had gone sky high as they are too risky. Obviously the market volume is decreasing today. We have to trade extra careful now, buy only the counters with good fundamental and buying interest. So we also need to ensure that we are NOT investing more 30% of our capital at this period of time until we saw a buying volume come back.