Thursday, February 9, 2012

Market is Down for a While!

I was wrong with my expectation on Ever and Unioil this time ,  the opposite happened they moved lower but I think this is only temporary as part of the volatile market cycle. As long as we have the stock price above the 10, 20,50,100 day Simple Moving Averages   then it's still  possible that this will eventually go up and we win in the end. That's why it's important to have extra money at all times-  follow proper money management  and use only a portion of available money in each stock that you buy. As the saying goes "Don't put all your eggs in one basket"

UNI_9Feb2012_down
On the other hand , Nihao and ANI continues their nice  ascent . I expect they will even in bad market cycle unless they're hit by bad publicity.

NI_9Feb2012_Up



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