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Tuesday, December 22, 2009

Slient Night

During December, financial reports and upgrades from Brokers might be alot lesser due to the fact that many are taking leaves and going for holiday.

Recently Z-Obee, MIDAS and Oceanus has been rising due to the fact that they are going to be dual listed. Many take the opportunity to load up for the hype of the IPO in either Hong Kong (Z-Obee and MIDAS) or Taiwan (Oceanus). Be careful though, this is might be a pump and dump situation where many will sell once they make enough profit and dump the whole stock leaving the stupid ones who bought at a high price crying. If you look at the China XLX situation you'll know that it went up a high of about 90 cents on HK IPO day before plunging to 60 cents today. Pity those who bought at a 90 cents high.

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