Wednesday, 6 March 2013

MID-DAY MARKET OUTLOOK

Penny stocks has turn bearish during mid-day trading session after the final unloading by Big Boys. We feel the penny interest is slowing down and we advocate caution going forward. We still looking at micro-penny in the 1cents space for potential acquistions or placement deals that may drive prices up.

Judging from the Straits Time Index(STI) rally today toward 3300points, we feel that small, mid-cap stocks with market capitalisation of $300m to $1billion may rally going forward. 

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