The Federal Reserve has once again found a creative way to confuse us all with their "Operation Twist" program and bring a sudden down turn in today's fluttering economy.
Here is a quick wrap-up of what took place:
The Dow Jones Industrial Average closed down 283.82 points, or 2.5%, to 11124.84. The Standard & Poor's 500-stock index shed 35.33 points, or 3%, to 1166.76 and the Nasdaq Composite lost 52.05 points, or 2%, to 2538.19.
Nonetheless, PennyPayday has and will continue to prevail!
This morning we posted a video chart on a company who was technically poised to breakout and did it ever!
Watch the video here:
China WiMax (CHWM) Technical Stock Chart Video
During today's trading, China Wi-Max Communications Inc. (OTCBB:CHWM), traded up as high as 322% on the announcement of developing IPTV in China. A late drop in the overall market had an impact on CHWM which took a dip and ended the day only up 72% on record volume of over 19 Million shares.
CHWM proved to be a classic bottom play opportunity and in tandem with ground breaking news the perfect storm occurred igniting a frenzy of trading.
Read the full news release here: China Wi-Max Communications Enters Agreements to Develop IPTV in China
Last week we were predicting a bounce in the actively trading All American Gold Corp. (OTCBB:AAGC), and this week has proved us correct. AAGC was on its way back up to last week's highs as it reached 74 cents before the late market dip, giving traders the opportunity to pocket a solid 38% from our initial alert last week. Unfortunately, AAGC was not impervious to today's "Twisted" proposition and ended the day down nearly 7% on over 900 thousand shares.
Both companies have recently announced major news making them both radar worthy, so keep an eye on CHWM and AAGC the rest of the week as the shaky market might shake out another promising entry point.
On a side note we want to inform you that the streets are pounding out a huge buzz on a potentially very active company tomorrow. Keep a close eye on Global Health Voyager, Inc. (OTCBB:GLHV), it's been slowly creeping up the last few days and may be setting up for a breakout. The company just announced a big piece of news after market hours today that could send investors into a frenzy similar to what we saw today with CHWM.
Read the full release here: Global Health Voyager, Inc. Executes Memorandum of Understanding to Purchase Assets of PlanetHospital, One of the Largest US-Based Medical Travel Facilitators
Remember, we always encourage you to do your own due diligence. The best way to begin your research is to review the company's website, latest press releases and always dig into their filings with the SEC.
Intelligent traders use Stop Loss Orders to protect their investments. We highly recommend you do the same and never allow greed to disrupt your strategy. Book your profits when you can!
Happy Trading!
PPD
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