Day trading notes
DJIA fell 307 pts.
PSEi might be forming another gap down. I hope PSEi forms a hammer to signal a reversal from the current downward momentum.
FLI testing support at 1.16
EDC - found trough and possible new support level to form steep demand line
EDC 7.3 ( 1.4% ) EDC formed a trough at 6.9, which might be a new support level, to form a steep demand line Resistance: 7.8 Support: 7/6.9 Good luck to all EDC traders! PNOC-EDC potential bidders down to 16 10/11/2007 source: Technistock The number of potential bidders for the government's remaining 60-percent stake in PNOC Energy Development Corp. has gone down to 16 from the 24 that had submitted letters of interest. PNOC president Antonio Cailao said the 16 entities were those that met the Oct. 5 deadline for the submission of the initial pre-qualification requirements and passed the first screening process. The list of the pre-qualified bidders should have been released Wednesday, but Cailao said the PNOC Privatization Committee had decided to give the 16 entities a few more days to submit additional minor requirements. "Of the initial 24, eight have fallen off so we now have 16 potential bidders. But this number could still go down by the time the Privacom finishes its r...
Comments
Anyway, I'm just a new trader. I started last week. Wrong timing, no? Guess I have to bite the bullet.
Looking forward to your next post.
Just be mindful of your stops or your cut loss levels. Do not hesitate to cut your losses.
I do hope the markets can reverse the current bearish sentiment.
I look forward to you next comment!
Good luck and more power to you stlouispt3