Thursday, November 22, 2007

Rebound or Jump?

Time to rebound or time to jump? Massive bloodbath as we continue our week. Yesterday USA continues to show its stock weakness, as investors/traders continue to sell into any rally. Nasdaq almost make it to green, but selling comes in late and takes it down more than 1%. This shows how negative the situation is and at the same time, making indexes and stocks (especially financial stocks) very 'oversold'. Previously, people can just buy any dips and will see a rebound working past previous highs, but unfortunately not this round. This time, the strategy is "take yr time to jump off the plank". But I believe we should see some relief rebound soon, because Thursday is USA's thanksgiving holiday.

Look for HK-warrants, as they are smashed down the most, and will have the most profitable rebound, 'if' the rebound occurs.

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