Wednesday, 26 November 2014
Market Outlook - Penny Stock Season
It has been nearly 4 months ago when we had a major penny stock rally back in July. After 3 slow months in Aug, Sep and Oct, the fast approaching November has been better than expected that the blue chips index STI has been rallying off strongly towards the 3400. We are very confident that December will be a busy month for the penny season stocks to come. Clearly it has been seen that many big boys(BBs) has been quietly accumulating penny stocks with good potential. Importantly many brokers has been suffering over the past few months and we are confident that December will be a better month ahead for everyone to profit in this market. Wall Street has seen strong performance in 2014 with the Dow Nasdaq and S&P 500 at record levels overnight, driven by low crude oil prices and consumers to spend more during this Christmas Period.