I reflected on my penny trades in Blumont and Asiasons for the week and while doing so, I read a letter in the newspapers today (26 Oct 13) in which a reader shared that his neighbour has forfeited $200,000 in one or two of these three stocks (Blumont, Asiasons and LionGold) in this whole matter. I have been quite alert to lock in some respectable gains, to the tune of over 20% before two of these stocks headed south once again. I am not worried of my investments in these two stocks still as I have mentioned before, I have just put in a modest and humble amount in these penny stocks, knowing that these penny stocks are quite speculated in our local markets. As a result of the small amounts of monies invested, I am also not worried if SGX has to suspend these three counters for it to ......
