The market is treading water with the bias toward to the upside after the up reversal on the date the FED reduced the discounted rate lending to banks. I started buying some positions last week as well buying more this week if we can see the buying volume coming back. I think September can be a volatile month with the news of more foreclosures and subprime lending problems. If we can hold at these levels without much downs side retest, we should see the market going higher again.
Stocks worth watching
(BIDU) - mini-google in China with the China market making new highs.
(LFC) - Better than expected premium rise on new contracts.
(STAR) - New high with decent volume in a very good industry sector.
(KOP) - I would buy more at this level. Behaves very well during correction a few weeks ago.
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