LionGold, Blumont

I am sure many of you would still remember the 3 infamous stocks – Blumont, LionGold, Asiason, that crashed to $0.001 and caused many to lose billions in the Singapore Stock Exchange a few years ago.

Today, after hovering at $0.001 for the past 2 years, they are showing sign of life.

Blumont had shot up aggressively to $0.007 in the last few days.

LionGold crept up to $0.003.

I love these kind of stocks which give me an INSANE risk-reward ratio. If I am wrong, I suffer a small loss. If I am right, I enjoy a BIG profit.

Blumont

This stock is well supported at $0.051. Buyer seem to be coming back today. Exit when the profit is good.

Stop buy or buy @ $0.058
Stop loss @ $0.05
Resistant @$0.068
Note

1)According to my Trading System, US market may pull back and European market may resume its selling again in the next few days. From tomorrow onward, I am looking to manually close my position. After that, I will wait patiently for opportunity to enter the market again.
2) For those who had bought in Otto Marine. It had formed a bullish Pennant and may break out tomorrow.
Just place the stop loss at $0.073 and hope for the best.

Blumont

Blumont is a mining stock. It is starting to reverse its down trend after 8 months of sell down. Huge volume seen in the last 2 weeks. A good stock to trade or invest in. One can also do intra trade on it, since this is a penny stock.

Entry : $0.071
Exit : stop loss @ $0.056