Cheers is the word to describe today as every investor and traders are feeling happy as CYPRUS and the so-called troika that overseas euro-area bailouts reached an agreement in principle on an aid package that is now being presented to euro-area finance minsters in Brussels. A deal put the country towards eliminating the threat of default and lessens the chance of a disorderly exit from the euro currency.
Today the Straits Times Index open higher today on positive senitment driven from europe as well as asia PMI date. We feel that the penny stock rally to remain strong after the conclusion of the CYPRUS mini-crisis putting to a stop which could drive smart money moving into them. However rotation among penny is the key for traders to play today, do take profit if you are happy with the percentage gains.
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