Tuesday, February 10, 2009

E & O

Bought in E&O at 56.5 cents due to heavy forced selling on today. KLSE market as predicted as yesterday post. It wouldn't given you a good profit on penny stock although the index hit above 900 points. A lot of penny stock open higher but closed at low. If market performance continue few days as today. It will spoilt confident of player and predicted the daily volume will reduce further.

Of course, if you have enough capital it can buy in index counter to gain more profit. But, this few days make me disappointed because most of the counter was chose by me all contributed a cents profit. Some others worst and need to cut it at lose brokerage status.

I do not encourage buying heavy volume at this stage because you cost burden can make you hard to cut it to minimise your losess.

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