Market View 16 Dec 2008

If you went into those hot stocks that I traded
yesterday, you will not much profit, as most
of them opened high, and closed near the the
opening price too. So what will happen to them
today?

The "expected" scenario will be a weak opening,
followed by directionless movement as the
market awaits important decisions from
Uncle Sam. Any surprises?

In this type of market, it is Ok to stay on
the sideline, and wait for clearer signals.
Jesse Livermore said before that it is
the "Sitting" that made him money.
We don't need to trade everyday,
we just need to trade the high
wining percentage days.

For me, I will be focusing on my hot
stock list especially those near the
"magical" $1. If the market stages
a "unexpected" scenario, I will be happy
to join in the surge.

If you have Skype, and would like to chat with me about stocks
and all others,you can ring me at my email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me everyday,and they are having good trading results.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

水能载舟，亦能覆舟!