The market decided to climb up again today as it gained another 31.98 points, closing slightly above the new territory at 4005. However, blue chips are left behind as third liners decided to take the reins.
GMAP is struggling as it still closed lower today from the previous day at 7.40. However 7.35 seems to be providing solid support for the mean time. The declining volume with the price decline would appear to me as a bullish indication. I am being bias though so the cut loss point still stands.
MEG continued to climb today contrary to what I was expecting, breaking the huge seller at 2.39 before it was sold down and closing at 2.37. But it's not like I am complaining. I'll be adding more position here once it makes a correction.
After the shooting star that AT formed, it was followed up today with a bullish engulfing, pointing that the 15.62 gap up target valid. FGEN continued to climb today but profit taking ensues, driving the prices down. Immediate support at 13.08.
Month 2 Day 4
Sitting on a 9% paper loss courtesy of GMAP and MEG. Most of the losses are from GMAP as MEG is simply 1 centavo away from break-even.
