A comforting rebound...

There are bound to be many smiling faces among the short term trading fraternity today as a single half session till noon have thrown up some big winners ...gains of more than 10 % ( vs time deposits of 3.5 % over a year ) were recorded in quite a number of counters....normally found in call warrants which have their price premium depressed or eliminated due to poor market conditions last 2 weeks...Call warrants aside those who have wisely adopted a strategy of measured and staggered price averaging on their preferred and high volatility stocks would have been able to exit today with handsome profits or at least break even on the total holdings..with a high liquidity position the trader can once again cherry pick laggards using tried and tested techniques to further enhance his earnings...All these at the expense of laid back investors / retailers who can only watch and pray for some miraculous developments on their chosen counters to reach their historical buying price...

Thank you for reading

Chris Choo

https://www.facebook.com/chris.choo.927