Pennies in Play
Having had not much time these few weeks to analyze the stock market proper, I only managed to steal glances at EOD indices and at my portfolio.
I’m about 1k plus (less than 3%) away from my breakeven since the stock market peak in 2007. Gosh, it’s really a long time.
I am at this stage again looking at the penny runs similar to mid 2007 where so many people are punting smaller counters and doing rotational play. Just take a look at Channelnewsasia forum and you would know.
As today in my most traded account LimTan, you can see this in the home page:
Volume: 2,213,848,819
Value: 1,383,040,639
It averages about $0.60 a share traded?
At this point, I am pretty cautious on getting into the market at this time large scale. RSP as per normal. Work takes up most of the time anyway. Let’s see whether Oct holds up to the worst performing month as seen history.
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