MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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With Wall Street closed for the Martin Luther King Jr. holiday, the Toronto stock market seems likeley to add to last week's big selloff as overseas markets are maintaining a sharply negative tone. Asian, European markets plunge on pessimism over US stimulus plan. Could be a long week ahoed of us. Despite this negativity I think OMAG is in a prime position to benefit from the continued stregnth in the GCC economy.
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