Friday, May 8, 2009

Sold Midas. Market looking topish

Sold 18 lots Midas at 64c. 2.3K profit in 2 days. Got lucky, this was not planned. Wonder if it will keep going higher.

Market looking topish. 11 of the 20 stop volume stocks on the SGX today were at 20c or below. Only 1 was above $1:
Will sell more if keeps going up. Mabye half my position at a time. Am expecting a consolidation soon (not necessarily an end to this rally) - wait to see how the US goes.

There was a picture of a bull on the back of Tuesday's (5th May 09) Today paper. Waiting for it to appear on the front...