The CPO market dated 11th of May open not within one of the suggested forecasts so nothing happened!
Today
The forecast for today;
1) If the market opens between 2505 to 2510. Sell after the market has fallen the levels between 2495 to 2500.
2) If the market opens between 2511 to 2516. Buy after the market has moved up passing the levels between 2520 to 2524.
3) If the market opens between 2521 to 2526. Buy after the market has dropped a bit and then moves up 4 points above the opening level.
4) If the market opens between 2500 to 2506. Sell after the market has fallen passing the levels between 2490 to 2495.
5) If the market opens other than the above, it is simply your call.
6) Also refer to my psoting dated 11th January, see #6.
The best thing is to refer to your dealer if you are uncertain.
That's about it, just cross your finger.
Have a nice trading day, guys.
9.05am
1 comment:
I always recommend that investors stay away from these penny stocks under 1 dollar and with the exception of stocks trading under 1dollar that traded on the over the counter bulletin board or pink sheets. That if they decide to buy penny stocks they should stay with stocks trading between 1 dollar and 5 dollars a share that trade on the new york stock exchange or nasdaq. and only buy stocks that have up to date complete financial infomation available. apple computer was trading at only 5 dollars a share in 1998 today the shares trade at 340 dollars a share. and ford motors stock traded at just 1 dollar a couple years ago. today the shares trade at 16 dollars. their are many stocks today that once traded under 5 dollars a share. I think stocks under 5 dollars carefully chosen can sometimes be great great investments unlike new issues.
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